Comments on Our Debt Blog: Credit Card Rewards

You're spending more money to get some money from ...

2009-04-17T12:51:00.000-05:00

You're spending more money to get some money from them. That's why it's so easy to use credit rather than cash, the emotion isn't a factor. A crisp $100 bill spends different than throwing a credit card down. I've discovered it is 100% to my benefit to spend money I already have. There's a reason they call these things promos is that the promote you to do something you know better.

I agree with Hedder02. Discover would not be upset...

2009-04-15T21:19:00.000-05:00

I agree with Hedder02. Discover would not be upset with how you are using your card, they'd be thrilled! You have a weakness for silly promotions, and they get kickbacks every time you make a purchase from a local store. There's also a high chance I'd say that you're going to fall back into credit card debt with the way you spend so -- bonus -- they could end up earning interest off you sometime

Hedder02, That makes sense but if I have to pay $...

2009-04-14T13:07:00.000-05:00

Hedder02,

That makes sense but if I have to pay $150 dollar bill for example, why not put it on Discover and get $40?

HS

this sounds totally crazy to me. You are going to ...

2009-04-14T12:59:00.000-05:00

this sounds totally crazy to me. You are going to spend $150 to get $40. Why dont you just spend $40 of your own money and save yourself $90.