One good thing about spending money using credit cards is the rewards! I had forgotten about my Thank You network account, so I logged in tonight and I was surprised to find over 20,000 points! that's almost $200 on gift cards but still not enough to get a new Ipod Touch, those are going for 23,500 points.
Not sure what I'm going to do with these points. I would like to get a cash reward but they want 16,000 points for $100. I should probably take that deal and just buy 20 shares of Citibank stock (closing price was 4.52 on Friday), hopefully I can get more money from then that way :)
HS
4 comments:
Any suggestions on how to spend these reward points?
HS
Christmas gifts
One FACADE OF A good thing about spending money using credit cards is the rewards!
You mean all the interest that you've paid by using credit cards and not paying your balance off every month is worth $200 in gift cards? How can you not see that as a slap in the face from Citibank? Citibank takes probably thousands from you and gives you $200 back and you (and millions others) think it's great.
You will never get control of your finances until you close your cards and pay cash for everything.
"You mean all the interest that you've paid by using credit cards and not paying your balance off every month is worth $200 in gift cards?"
I couldn't agree with Josh more. It's not a "good thing." You are paying this company so much in interest to get a "reward." It would be cheaper just to save for these things with cash.
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