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I always redeem my cash rewards as soon as they allow. I don't let the money accumulate.
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"There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid
"It is easier to build strong children than to repair broken men." --Frederick Douglass -
thats why I like credit cards
from my cards,
chase professional give 3% cash back on restaurant, gas and a couple other categories. 1% elsewhere
citicard give me 5% cash back on different categories (categories change every qtr). 1% elsewhere
capital one gives 1.25% on everythingComment
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Some reward plans tier the reward structure so that it is to your advantage to let points build up before redeeming. For example, it might be 15,000 points for $10, 25,000 for $20, 45,000 for $50 and 80,000 for $100. By waiting until you have 80,000 points, you get a lot more value for your points.Originally posted by Joan.of.the.Arch View PostSteve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.Comment
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My parents have some rewards cards they've kept for 10-20 years, so the average age of their cards is high. They apply for new reward cards with big bonuses, then cancel after a year or so, and apply for a different card with a different bonus. It doesn't hurt their credit score more than a few points, since they've got no debts and pay everything off and keep the old cards, but they get all these zillions of points. Like, literally, 25,000 points here, 50,000 points there, for hotels and travel.Comment
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