Comments on: Credit Card Reward Progress http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 18:35:25 -0500 http://wordpress.org/?v=abc hourly 1 By: ASAP Credit Card http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-629 ASAP Credit Card Mon, 03 Oct 2005 21:09:28 +0000 http://www.fivecentnickel.com/?p=120#comment-629 Consumers should be aware of "tactics" used by credit card companies to lure them into creating more debt. But at the same time, if reward credit cards are used properly, they can provide a variety of benefits and perks to their users. Most of the time reward cards have higher interest rates than standard credit cards. This is how many people get burned when they decide to use one of these cards to earn points or other types of rewards. But if you only use this type of card as a secondary option to your regular, lower rate card... you can take advantage of the credit card company; instead of it taking advantage of you! Only use these cards for purchases you know you can pay-off within the "grace period" (the time in which no interest is charged). If you know you can't pay it off quickly, use your lower rate card instead. This way, you can earn freebies on purchases you make anyways, without paying interest! Consumers should be aware of “tactics” used by credit card companies to lure them into creating more debt. But at the same time, if reward credit cards are used properly, they can provide a variety of benefits and perks to their users.

Most of the time reward cards have higher interest rates than standard credit cards. This is how many people get burned when they decide to use one of these cards to earn points or other types of rewards.

But if you only use this type of card as a secondary option to your regular, lower rate card… you can take advantage of the credit card company; instead of it taking advantage of you!

Only use these cards for purchases you know you can pay-off within the “grace period” (the time in which no interest is charged). If you know you can’t pay it off quickly, use your lower rate card instead. This way, you can earn freebies on purchases you make anyways, without paying interest!

]]> By: Cap http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-309 Cap Tue, 09 Aug 2005 02:43:27 +0000 http://www.fivecentnickel.com/?p=120#comment-309 lol lol

]]> By: nickel http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-308 nickel Mon, 08 Aug 2005 22:04:56 +0000 http://www.fivecentnickel.com/?p=120#comment-308 jim, you're a great American. jim, you’re a great American.

]]> By: jim http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-305 jim Mon, 08 Aug 2005 21:17:00 +0000 http://www.fivecentnickel.com/?p=120#comment-305 But if you spend more, you save more! :) But if you spend more, you save more! :)

]]> By: nickel http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-303 nickel Mon, 08 Aug 2005 19:14:16 +0000 http://www.fivecentnickel.com/?p=120#comment-303 We're actually pretty disciplined about our credit card usage, so the money we've spent on these cards is money that we would have otherwise spent. But yes, I'd obviously rather spend less even if it meant earning less in rewards. We’re actually pretty disciplined about our credit card usage, so the money we’ve spent on these cards is money that we would have otherwise spent. But yes, I’d obviously rather spend less even if it meant earning less in rewards.

]]> By: Jose Anes http://www.fivecentnickel.com/2005/08/08/credit-card-reward-progress/comment-page-1/#comment-302 Jose Anes Mon, 08 Aug 2005 18:54:35 +0000 http://www.fivecentnickel.com/?p=120#comment-302 Time to use the card less? ;) Time to use the card less? ;)

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