Quote:
|
Originally Posted by pornclerk
As long as you pay the balance each month it won't collect interest.
|
caveat that.. so long as the card you use allows you to pay it off at the billing cycle without charging interest. Some cards charge interest that moment you "borrow" the money, so you're paying interest until the bill arrives guaranteed.
I buy everything on the credit card if the vendor takes the card, from groceries to candy, doctor visits to dinners. Heck even when we go dutch dining with friends, I try to pick up the whole check and take their cash. I also try to pay the cellphone bill, cable bill, any monthly bill I could pay with the card. If the mortgage company would take the card I would pay that via the card.
What did that net me?
1 free round trip business class ticket from NYC to Manila, Philippines, Manila to New Delhi, New Delhi to London, London to NYC.
Done with American Airlines Citibank card
2 free round trip tickets from NYC to Helsinki, Finland to Munich, Germany, Munich to Malaga, Spain, Malaga to NYC
The Eurpoean trip was all done via Delta American Express cards, which doubles miles for paying cellphone, grocery, and various other "everyday" things.
The key is to do ALL of your purchases in one direction, so using several cards, like Sony, American Airlines, Shell, is well and good and you'll get your benefits at some point. But it's best to figure out what the goal is and figure out which value is higher for the loyalty. Keeping the loyalty in one card gets you rewards much faster.
Discover card pays back as does a couple other new cards. Discover pays the most, but isn't accepted at as many places, same goes for American Express. In fact Amex isn't worldwide in comparison to MC/Visa.
IMO the value of the plane tickets far exceeded the 1% cash back that I would have received from the total dollars pushed through the loyalty rewards system.
YMMV
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.