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Author: backslash Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Re: Discover Card Strategy Date: 12/14/1999 11:32 AM
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It works great, but beware the urge to overcharge. Someone on this board asked a while back whether those of us that charge for rebates spent more than we planned. A quick glance at my records showed that I did spend more via VISA more than I'd have spent using cash.

Dining out, custom baseball caps, and gifts are all much easier to purchase when applying the "hey, at 1% back I'm MAKING money" rationalization.


I just wanted to second this emotion. I tried the charge and rebate strategy for a year, and after doing the numbers I realized that I would save more by not charging than I would make by getting the rebate. Just having a "Oops, can't buy it, I don't have the cash" situation once or twice a year outweighs the rebate for me. Now if I had the discipline to never buy on impulse with a CC, it might work differently, but I don't. So I only use CCs for large planned purchases and emergencies. This results in both smaller bills, and less junk that I didn't really want anyway. JMO.

Harley
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