How much Cash Back do you have available on your Credit Card?

[homestarmy]

I've got $141 after paying for my tuition with 5% cash back, and I've already used $40 this year. I'll have another $30 if I convince myself to buy this laptop on October 1.

How much do you guys have?

Discover FTW!

 

[manlymatt83]

$22

 

[Torghn]

I get about $200 a year, it's been as high as $300.

 

[Wizkid]

About $750 so far this year.

 

[acemcmac]

I cash it too often to be able to tell you what my YTD is

I earned $25 on my Wawa card in the first 3 weeks I had it :shocked: and I have about $40 on my citicard.

 

[SuperSix]

0

No credit cards wanted/needed.

 

[homestarmy]

Why have more than one?

 

[homestarmy]

Originally posted by: SuperSix
0

No credit cards wanted/needed.

You do realize that getting a credit card, making purchases and paying them off is the way to build credit, right?

I had no loans - no car loan even - and at the age of 21, with only credit by responsibly using credit cards since before I was an adult (got my name on a Best Buy card at 16), I was able to buy a house.

 

[franksta]

$500 on Discover that I've been accruing for several years. (I know, I know)
$38 on my new Mastercard that I've had for a month or two.

 

[cessna152]

Originally posted by: homestarmy
Why have more than one?

Not all places take Discover . So I have a Citibank MC for them.

 

[Mermaidman]

~$700 back on AmEx BlueCash for each of the past two years! I charge all my business expenses on the card

 

[mugs]

Originally posted by: acemcmac
I cash it too often to be able to tell you what my YTD is

I earned $25 on my Wawa card in the first 3 weeks I had it :shocked: and I have about $40 on my citicard.

I really should get one of those, I get hoagies there for me and the wife a couple of times a week.

I have about $600 in cash back on my Citi card, I requested a check a while back and they called me to verify but I never got around to calling them back.

 

[isekii]

i usually get staples vouchers instead of WaWa

 

[trmiv]

I don't get cash back on my card, I get certificates or whatever. The last one I selected was a $25 Fandango certificate. But it's been collecting dust because there aren't even any movies I would go see for free. I should have picked something else.

 

[kingtas]

In the end, how is paying a higher APR than other cards considered getting cash back?

 

[Zach]

Originally posted by: kingtas
In the end, how is paying a higher APR than other cards considered getting cash back?

You pay the card off and don't get charged interest. :roll:

 

[dug777]

No credit card here, and no need for one

 

[dullard]

Originally posted by: kingtas
In the end, how is paying a higher APR than other cards considered getting cash back?

Because about half of Americans are smart enough to never pay interest. Thus, the cash back is free cash we wouldn't get otherwise.

 

[kingtas]

So it's cash back on purchase price, not account balance. My bad.

 

[dullard]

Originally posted by: kingtas
So it's cash back on purchase price, not account balance. My bad.

Ah, now I see where you were coming from. Some of the 5% cards are based on account balance. You pay in ~19% and they give you back 5%. Those cards are intended for suckers who can't read fine print and who can't understand the math on their credit card statement.

But Discover is up to 2% cash back on the purchase price, 5% cash back on certain purchases if you have a specific Discover card, and no cap on the amount you can get back in a year. To me, cash back is far better than a plane ticket that you may never need/want or a discount on a future vehicle that you may never buy, or whatever else the promotion is. Heck, if I want a plane ticket, I'll use my cash back to just buy the ticket and still come out ahead.

I've got ~$38 sitting on Discover now. Waiting for it to hit $40 to cash in.

 

[z0mb13]

Originally posted by: dullard

Originally posted by: kingtas
So it's cash back on purchase price, not account balance. My bad.

Ah, now I see where you were coming from. Some of the 5% cards are based on account balance. You pay in ~19% and they give you back 5%. Those cards are intended for suckers who can't read fine print and who can't understand the math on their credit card statement.

But Discover is up to 2% cash back on the purchase price, 5% cash back on certain purchases if you have a specific Discover card, and no cap on the amount you can get back in a year. To me, cash back is far better than a plane ticket that you may never need/want or a discount on a future vehicle that you may never buy, or whatever else the promotion is. Heck, if I want a plane ticket, I'll use my cash back to just buy the ticket and still come out ahead.

I've got ~$38 sitting on Discover now. Waiting for it to hit $40 to cash in.

Discover gives 2% now?? WTF since when??

 

[dullard]

Originally posted by: z0mb13
Discover gives 2% now?? WTF since when??

For at least the decade that I've had them. But to get the 2%, you have to get your money back in the form of a gift certificate to one of these companies. Since I shop at some of those stores anyways, instead of getting 1% cash back, I get a 2% gift certificate to where I'm going to shop.

 

[Brainonska511]

I have about $25 with my Citi Dividend card, but I've only had it for 2.5 months.

 

[TXHokie]

Just cashed out $40...woohoo. I get about $250/yr just on regular expenses (paid off every month of course). Anyone use Discover to pay household bills to build up more cash back? Can you pay your mortgage thru them? That would build some serious cash back.

 

[dullard]

Originally posted by: TXHokie
Just cashed out $40...woohoo. I get about $250/yr just on regular expenses (paid off every month of course). Anyone use Discover to pay household bills to build up more cash back? Can you pay your mortgage thru them? That would build some serious cash back.

I've got some utilites to go through Discover. I never pay late, never have to worry about the bills, and get up to 2% back. But some utilities won't let you do that. I don't know of ANY mortgage that will allow you to pay like that. It costs companies a fortune to use credit card services, so no bank would be willing to do that on such a large monthly payment.