UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next
Author: backslash Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310533  
Subject: Re: Discover Card Strategy Date: 12/14/1999 11:32 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.