Comments on: It Feels Good to Get Cashback from Credit Cards http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/ Our Journey to a Debt-Free Life Sat, 21 Nov 2009 08:35:00 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Donna http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-90273 Donna Tue, 10 Jul 2007 17:29:57 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-90273 Yes, that is the way it should work for us but CC companies would scurry back into their dark little holes if everyone was so smart and disciplined. Anyway, yea to you! Yes, that is the way it should work for us but CC companies would scurry back into their dark little holes if everyone was so smart and disciplined. Anyway, yea to you!

]]> By: AJ - IAmFacingMillions.com http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-80369 AJ - IAmFacingMillions.com Mon, 02 Jul 2007 13:26:27 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-80369 I have a PayPal card that offers me 1% cash back. It takes this a step further and lets me earn cash back on a debit card instead of a credit card. I use this almost exclusively for my purchases and transfer the earnings into a savings account :) I have a PayPal card that offers me 1% cash back. It takes this a step further and lets me earn cash back on a debit card instead of a credit card. I use this almost exclusively for my purchases and transfer the earnings into a savings account :)

]]> By: Fellowes http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-78893 Fellowes Sun, 01 Jul 2007 15:52:15 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-78893 Nice work on being disciplined about the credit card use. I've also found some debit cards that give you cash back if you use them as 'credit' instead of 'debit' but they typically only pay very small, fixed amount per transaction rebates. For those who are trying to avoid using credit cards altogether this may be a decent alternative. Nice work on being disciplined about the credit card use. I’ve also found some debit cards that give you cash back if you use them as ‘credit’ instead of ‘debit’ but they typically only pay very small, fixed amount per transaction rebates. For those who are trying to avoid using credit cards altogether this may be a decent alternative.

]]> By: NWVinTexas http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-78826 NWVinTexas Sun, 01 Jul 2007 15:07:05 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-78826 I've been good about keeping one card for emergencies and paying off the balance a.s.a.p. You get a sense of satisfaction in doing this because you don't feel like your relapsing into old habits plus you are in control of spending. About the cash back, that's a perk that not a lot of credit cards offer so that's a nice incentive to have;) I’ve been good about keeping one card for emergencies and paying off the balance a.s.a.p. You get a sense of satisfaction in doing this because you don’t feel like your relapsing into old habits plus you are in control of spending. About the cash back, that’s a perk that not a lot of credit cards offer so that’s a nice incentive to have;)

]]> By: T'Pol http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-78279 T'Pol Sun, 01 Jul 2007 08:18:27 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-78279 I have a card just like that in my home country (Turkey) too. My personal retirement acoount (we do not have 401ks but personal retirement set-ups with a variety of insurance companies) is set up with the insurance company owned by my credit card bank and they allow me to put the extra cash towards my retirement fund. Isn't that neat? This way I am not tempted to spend the extra cash towards unnecessary items. Thanks to my bank and it's Bonus Card. I always pay everything with my credit card and pay the full amount each month. I never ran a credit card balance the last 15 years. I have a card just like that in my home country (Turkey) too. My personal retirement acoount (we do not have 401ks but personal retirement set-ups with a variety of insurance companies) is set up with the insurance company owned by my credit card bank and they allow me to put the extra cash towards my retirement fund. Isn’t that neat? This way I am not tempted to spend the extra cash towards unnecessary items. Thanks to my bank and it’s Bonus Card.

I always pay everything with my credit card and pay the full amount each month. I never ran a credit card balance the last 15 years.

]]> By: Kristina http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/comment-page-1/#comment-78174 Kristina Sun, 01 Jul 2007 06:09:03 +0000 http://www.bloggingawaydebt.com/2007/07/it-feels-good-to-get-cashback-from-credit-cards/#comment-78174 Be careful, though. Several studies prove that people spend up to 18% more when they use credit cards to pay for things. It doesn't resonate as much as cash. The credit card industry's own studies and McDonald's studies prove this, which is why they made the push to get vending machines and fast food restaurants to take credit. I know it's easier for me to hand over plastic than to hand over $20 bills. This doesn't sound like it applies to you since you use the card for specific, limited purposes. But, hopefully readers won't fall for "cash back" as a justification for placing all of their purchases on a credit card. Be careful, though. Several studies prove that people spend up to 18% more when they use credit cards to pay for things. It doesn’t resonate as much as cash. The credit card industry’s own studies and McDonald’s studies prove this, which is why they made the push to get vending machines and fast food restaurants to take credit. I know it’s easier for me to hand over plastic than to hand over $20 bills.

This doesn’t sound like it applies to you since you use the card for specific, limited purposes. But, hopefully readers won’t fall for “cash back” as a justification for placing all of their purchases on a credit card.

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