To Top

Credit Cards with Rewards

Don't be fooled by a credit card company's claims that credit cards can help you save money. Finance charges quickly erase any benefits that credit cards offer in cash back incentives unless you pay your credit card off at the end of each month.

By Fisher

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

July 29, 20060 found this helpful

Credit cards with rewards can have a benefit. When JC Penney's has a promotion with a certain percent off if using their card, I will use the card and after that transaction is done, I will then immediately pay on my card in cash for the amount I just put on it at the register. You then have a no balance and still get the discount off the purchase. You may also do this at the Children's Place and Sears.

Reply Was this helpful? Yes
Ad
July 3, 20130 found this helpful

Some reward cards such as Discover Card allows you to use your reward points to buy gift cards at a reduced rate. This has saved our family a lot of money. My husband and I use the same account card for everything, groceries, gas, entertainment, etc. and pay it off every month so we have no balance due (= no interest charges). Then, when I get enough points, I buy $25 gift cards for $20 in reward points at stores where I shop giving me another $5 in savings!

Reply Was this helpful? Yes

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
In This Guide
Credit Card
Credit Card Rewards Tips
Categories
Budget & Finance Credit CardsJuly 28, 2006
Guides
What is a Good Credit Score?
What is a Good Credit Score?
Vintage Hank Aaron Baseball Card Leaning Against Old Baseball
Determining the Value of Baseball Cards
A stack of credit cards.
Cleaning Uses for Old Credit Cards
Credit Report on Table
Raising Your Credit Score
More
🎆
Fourth of July Ideas!
👔
Father's Day Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/05/23 08:22:19 in 2 secs.
Loading Something Awesome!