Should I start charging daily things to my CC?

[RossMAN]

Originally posted by: Brainonska511
American Express Blue Cash (provided you spend more than $6500/year):
5% back from supermarkets, gas stations and drugstores
1.5% back on everything else
If you spend less than $6500/year (overall), the numbers are 1% and .5%, respectively.
-IIRC, the AMEX credits your statement with the rewards money.

I think that will be my next cc :thumbsup:

 

[ViviTheMage]

the rewards are great!

 

[AnyMal]

Originally posted by: Brainonska511

Originally posted by: dartworth
My debit card has a rewards program...

https://www.nationalcity.com/s...nal/points/default.asp">points</a>

But it doesn't have the same protections as a CC. And rewards on CCs tend to be better than the rewards programs on debit cards.

Debit Visa/MC offer the same fraud protection as regular CC's. My PayPal debit card has automatic 1.5% cashback on all purchases plus my 5/3 debit card gives me reward points as well. I really see no need to borrow somebody else's money.

 

[Brainonska511]

Originally posted by: AnyMal

Originally posted by: Brainonska511

Originally posted by: dartworth
My debit card has a rewards program...

https://www.nationalcity.com/s...nal/points/default.asp">points</a>

But it doesn't have the same protections as a CC. And rewards on CCs tend to be better than the rewards programs on debit cards.

Debit Visa/MC offer the same fraud protection as regular CC's. My PayPal debit card has automatic 1.5% cashback on all purchases plus my 5/3 debit card gives me reward points as well. I really see no need to borrow somebody else's money.

I'd rather dispute with a CC company when there is a fraudulent charge than with a bank, since the money will still be in my hands with the CC where as the bank account could have been drained.

 

[AnyMal]

Originally posted by: Brainonska511

Originally posted by: AnyMal

Originally posted by: Brainonska511

Originally posted by: dartworth
My debit card has a rewards program...

https://www.nationalcity.com/s...nal/points/default.asp">points</a>

But it doesn't have the same protections as a CC. And rewards on CCs tend to be better than the rewards programs on debit cards.

Debit Visa/MC offer the same fraud protection as regular CC's. My PayPal debit card has automatic 1.5% cashback on all purchases plus my 5/3 debit card gives me reward points as well. I really see no need to borrow somebody else's money.

I'd rather dispute with a CC company when there is a fraudulent charge than with a bank, since the money will still be in my hands with the CC where as the bank account could have been drained.

Dispute procedures are the same. Fraud protection is provided by Visa/MC not the bank.

 

[dartworth]

Not to bad if you ask me...I rarely use a CC

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[Brainonska511]

Originally posted by: AnyMal

Originally posted by: Brainonska511

Originally posted by: AnyMal

Originally posted by: Brainonska511

Originally posted by: dartworth
My debit card has a rewards program...

https://www.nationalcity.com/s...nal/points/default.asp">points</a>

But it doesn't have the same protections as a CC. And rewards on CCs tend to be better than the rewards programs on debit cards.

Debit Visa/MC offer the same fraud protection as regular CC's. My PayPal debit card has automatic 1.5% cashback on all purchases plus my 5/3 debit card gives me reward points as well. I really see no need to borrow somebody else's money.

I'd rather dispute with a CC company when there is a fraudulent charge than with a bank, since the money will still be in my hands with the CC where as the bank account could have been drained.

Dispute procedures are the same. Fraud protection is provided by Visa/MC not the bank.

It doesn't matter. Debit cards pull the money directly from your account. If you have a problem, the money is not in your account. Just because you might use the same channels, doesn't make them equal.

 

[imported_Imp]

I almost never use my debit anymore. Recently, I ran out of 'usable' (non-placeholder money to avoid service charge) so had to use credit for lunch/small items. Use to try to be nice so stores/restaurants could make more money; why the hell should I care?

 

[Pabster]

Originally posted by: AnyMal
Debit Visa/MC offer the same fraud protection as regular CC's. My PayPal debit card has automatic 1.5% cashback on all purchases plus my 5/3 debit card gives me reward points as well. I really see no need to borrow somebody else's money.

Yep, but it does not offer the same purchase protection. It may if you use it as a credit transaction (check your terms and conditions) but it certainly will not on a typical debit POS transaction.

And as for borrowing someone else's money...why not, when you can do so interest free?

 

[illusion88]

Originally posted by: RossMAN

Originally posted by: Brainonska511
American Express Blue Cash (provided you spend more than $6500/year):
5% back from supermarkets, gas stations and drugstores
1.5% back on everything else
If you spend less than $6500/year (overall), the numbers are 1% and .5%, respectively.
-IIRC, the AMEX credits your statement with the rewards money.

I think that will be my next cc :thumbsup:

I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

 

[Brainonska511]

Originally posted by: illusion88

Originally posted by: RossMAN

Originally posted by: Brainonska511
American Express Blue Cash (provided you spend more than $6500/year):
5% back from supermarkets, gas stations and drugstores
1.5% back on everything else
If you spend less than $6500/year (overall), the numbers are 1% and .5%, respectively.
-IIRC, the AMEX credits your statement with the rewards money.

I think that will be my next cc :thumbsup:

I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

You should check this out:
https://www124.americanexpress...page=bluecash.maximize
It's a calculator to give you an idea how much you can make back each year depending on your habits.

 

[kranky]

Originally posted by: illusion88
I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

Remember, the higher rebates don't begin until you cross the $6500 level. If you barely reach $6500 in a year, nearly all your rebates will be at the 1%/0.5% level and other cards can be a better deal for you.

 

[BMdoobieW]

I never use a debit card. I charge all of my daily purchases to a credit card for which I receive points or cash back. The only times I use cash are for small purchases where using a credit card would be a longer transaction than just handing them cash, or where credit cards are not accepted.

 

[illusion88]

Originally posted by: kranky

Originally posted by: illusion88
I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

Remember, the higher rebates don't begin until you cross the $6500 level. If you barely reach $6500 in a year, nearly all your rebates will be at the 1%/0.5% level and other cards can be a better deal for you.

ohhh I must have misread the terms. I was under the impression that once you reached $6501 all purchases before and after had the higher rate. Perhaps the citi card would be much better then (only it has a $300 cash back limit, wich is $15000 a year at 2%, the rate that you get after the initial 6 months).

Thanks for pointing that out!

 

[RossMAN]

Originally posted by: illusion88

Originally posted by: RossMAN

Originally posted by: Brainonska511
American Express Blue Cash (provided you spend more than $6500/year):
5% back from supermarkets, gas stations and drugstores
1.5% back on everything else
If you spend less than $6500/year (overall), the numbers are 1% and .5%, respectively.
-IIRC, the AMEX credits your statement with the rewards money.

I think that will be my next cc :thumbsup:

I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

I'm tempted to apply but I'm not sure how long it will take to reach $6500.

I could buy 7 laptops for around $7,000 sell them on eBay to reach that.

 

[BMdoobieW]

Originally posted by: kranky

Originally posted by: illusion88
I just applied for this one. Between gas and groceries I spend about $5400 a year. If you include restaurants, car/bike maintenance, snacks (like a soda at the gas station) and clothes I have to be over $6500 a year.

Remember, the higher rebates don't begin until you cross the $6500 level. If you barely reach $6500 in a year, nearly all your rebates will be at the 1%/0.5% level and other cards can be a better deal for you.

Which is exactly why I never got that card.

My AMEX Blue used to be my main card = 1% back in points
Then I got the Citi Divends Rewards = 5% cash back for gas, super, and drug, and 1% for everything else, but now it's only 2% cash back for gas, super, drug, wireless, and utilities (I believe), and 1% for everything else.
Since citi went down to 2%, I'm considering applying for the AMEX SimplyCash Small Business card (even though I don't have a business) = 5% cash back on gas, wireless, and utilities.

 

[illusion88]

So will it hurt my credit in anyway if I get denied? Will it hurt me if I apply to another card? Will other CC companies even know if I was denied from a different card?

 

[Pabster]

Originally posted by: illusion88
So will it hurt my credit in anyway if I get denied? Will it hurt me if I apply to another card? Will other CC companies even know if I was denied from a different card?

Well, yes. Inquiries are made to your report when a creditor checks it, and if there are inquiries there with no matching account(s) in your history...

 

[illusion88]

Originally posted by: Pabster

Originally posted by: illusion88
So will it hurt my credit in anyway if I get denied? Will it hurt me if I apply to another card? Will other CC companies even know if I was denied from a different card?

Well, yes. Inquiries are made to your report when a creditor checks it, and if there are inquiries there with no matching account(s) in your history...

So is there any way to know if you are going to get approved or not? I think I have good credit. I have a credit card from Wells Fargo. I have never missed a payment, or been late. Twice I have had my credit limit raised (it's 1700 now). I have had the card for over a year. I have used it to pay for school and some larger purchases (some skies and computer parts) and paid them off in full. Currently I have a small running balance on it, but I am paying it off quickly. Does this sound like a good candidate or...

I have no idea what my credit score is....
Hmm... Maybe I should I have researched this before I jumped into it so quickly. I didn't think applying for something could be harmful.

 

[Squisher]

I've gotten maybe $1900+ cashback on charges in the past year.

I charge everything I can and the wife charges all her expenses for work (which are reimbursed).

Free money is good.

 

[kranky]

Are you getting CC offers in the mail from different companies? (assuming you have not opted out)

 

[psixninja]

Yeah, the credit card companies love to play predator and screw people over that don't know how to manage money. I was one of them. 🙁

As long as you practice restrain with the card and only charge what you need/can afford, it's a very nice benefit to have. A good credit history isn't mandatory to live, but it sure helps.

 

[sdifox]

I put everything though CC. I get 1% back in grocery... good trade for me.

 

[TripleAAA]

I think some banks are detecting this type of credit card use and offering their own points programs for using their debit cards. I know my bank offers it, but I've already built up a hefty amount of points with my credit card and would rather keep using that.

 

[Pepsi90919]

charge everything to your CC