No. of Recommendations: 7
zalwen,

Did you realize you are responding to a 20 year old post? It's usually best to start a new topic, when the old one has been lying dormant this long.

Also it's not very active, but the "Credit as a Tool" board was eventually created to cover this type of topic. Because a lot of the posters here were struggling with debt and we got a lot of flack about discussing the responsible use of credit with that kind of an audience reading our posts. http://boards.fool.com/credit-as-a-tool-113853.aspx?mid=3283...

It's good to get cash back for purchases you would have made anyway. But flaunting that in front of people that have trouble with credit card debt and trouble making wise spending decisions probably isn't ideal.

But FWIW, my Fidelity rewards (2% cash-back) is my fall-back card. I also have a Bank of America card that gives me 5.75% on gas and 3.50% on wholesale and groceries stores. And Chase Freedom & Discover give those quarterly 5% categories.

Also while good arbitrage opportunities for 0% balance transfers have been gone for a years, there are a number of institutions that will give you cash and other perks for opening and using an account - credit or deposit. If anything, those perks have gone up in recent years.

And for the nay-sayers, I do pay off my balances every months. In fact I save nearly half my gross pay, so I think my spending is probably under control...

- Joel
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