Comments on: Money Saving Tips Using Credit Cards

By: Marie

Marie — Mon, 26 Oct 2009 20:42:04 +0000

IMPORTANT – Many “rewards” credit cards have special offers temporarily dramatically increasing the Rewards percentage points for specific purchases. For example Discover Card – PROVIDING YOU PHONE TO SIGN UP FOR THE OFFER – every 3 months offers 5% rewards on specific categories of purchases, e.g. gas, groceries, restaurants, home improvement stores, etc. I find this a great way to increase my rewards, but you have to SIGN UP every 3 months for each offer, and remember to use that specific credit card for those specific purchases during those 3 months!!!
Of course this is only worth while, I feel, if you can pay off your card in full every month.

By: Gail

Gail — Fri, 23 Oct 2009 01:20:33 +0000

If you are paying bills with a credit card then the amount will be the same and the discount has already been figured in. Rewards cards like Citi can be enhanced by simple services through citi. The more services the more points through the checking account. They all add up to some good rewards cards. The more points you have when you cash in , then you get more rewards. For example, it takes more points to buy 2 $50 reward cards at Home Depot than one $100 card at Home Depot. I get more value in Store reward cards than just cash back. At Costco and other places I use the AmEx I get 1-3% on gas and eating out and merchandise, purchased at Costco anyway. I like this form of discounting. It is a no brainer for me. Just don’t buy more than you would normally.

By: Robin

Robin — Thu, 22 Oct 2009 20:07:22 +0000

I use an America Express/Fidelity card and every month between $40 and $50 gets deposited into my kids’ 529 account. I always pay the card off in full each month and so it costs me nothing to get this college money savings!

By: John

John — Thu, 22 Oct 2009 19:33:18 +0000

I would avoid the “rewards” cards, because they are typically overpriced & difficult to get. The CashBack Cards are the best! Then they can be used for a multitude of things. $20 in the pocket is better than most of the rewards.

By: Bargain Babe � Money Saving Tips Using Credit Cards

Bargain Babe � Money Saving Tips Using Credit Cards — Thu, 22 Oct 2009 19:00:51 +0000

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By: bn

bn — Thu, 22 Oct 2009 18:59:59 +0000

I do this with the Costco Amex Card – 3% off gasoline purchases. And gas is about 20-25� cheaper at Costco locations with gas pumps!