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To: Tommaso who wrote (63134)4/22/2006 5:30:16 PM
From: Ken Adams  Read Replies (2) | Respond to of 206118
 
It would hardly be worth messing with as I rarely charge more than $2-400 per month. I pay cash for my gasoline (and not much of that) and mostly cash for lunches. A cash rebate would be pennies, if that.



To: Tommaso who wrote (63134)4/22/2006 6:41:30 PM
From: manalagi  Read Replies (1) | Respond to of 206118
 
But you can do even better than that, if you get either airline miles or a cash rebate.

A few years back I have Mastercard which is linked to American Airline. The annual fee is $ 50. I thought that I should have American Express instead (now I have both) getting 1% rebate with no annual fee.

Over the years I accumulated almost 200,000 frequent flyer miles. Considering the current price for jet fuel, I can redeem 5 tickets round trip from California to Italy. Airlines tickets will go up, and I reckon that a round trip ticket will cost more than $ 400.

Of course I paid off the balances before the due date, never paid interest.

The motto is: if you can't pay the entire balance when it is due, you can't afford it.



To: Tommaso who wrote (63134)4/23/2006 2:07:55 PM
From: diana g  Read Replies (3) | Respond to of 206118
 
<OT>CreditCard Rebates
Citi has a no annual fee, cash-back card that pays a base 1% back on every charge and then an additional 4% on particular kinds of charges (Many common retail purchases- Gas stations, grocery & drug stores). They call this the "Citi Dividend Platinum Select Card" (which is a really silly name, isn't it?) I recently looked back through my statements and calculated that I am getting about 2.4% back overall from Citi.

There is a $300 annual limit on the rebate for an account. I therefore have 3 of this type of CC account. I keep an eye on the rebate accrued on the 1st card on the monthly statement, and when it approaches $300 several months into the year, I switch to using the second card. Then, at the appropriate time, move on the the 3rd. So far I've run out of year before getting up to the limit on the 3rd card which would total $900 in rebate cash. One could get more if they spent more by simply having a 4th & 5th card account.

Of course I always pay the full amount every month and never pay a penny in interest.

The CC is safer and more convenient than paying cash. The amount spent is in effect a short-term no-interest loan from the CC bank. Readily available free internet bill-pay service makes it easy to schedule payment of the balance just before the due date. And then there's the cash rebate. What's not to like? :)

regards,
diana