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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (26379)1/1/2005 7:30:09 PM
From: Elroy JetsonRead Replies (1) of 306849
 
Earning "Up to 2% cash back" on purchases with the American Express card. I found this commentary, which I assume still reflects the actual contract with Amex.
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From $1 to $2000 its 0.25%. Then we go from $2,001 to $4,999 and get 0.5%. Anything in excess of $5,000 will yield 1.5% in cash back.

The keywords here are "Up to 2%".

If you carry a balance on any given month, you’ll earn that extra 0.5%.

This my friend, is not a good thing, regardless of how low the interest rate is, even at the 3.9% introductory rate. Let me see . . . carry a balance, earn an extra 0.5% no, I think I’ll pay the entire balance thank you.
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I find a straight 1% on all purchases a better deal.
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