Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Bartholomew who wrote (173746)	9/8/2014 4:04:36 PM
From: pyslent	1 Recommendation Recommended By Stock Puppy Read Replies (2) \| Respond to of 213177

No one card currently offers 5% cash back on every transaction on an ongoing basis, but your method of swapping between 20 cards if executed perfectly, would ensure that every charge on any one card generates a 5% cash back. If Apple automated that process such that all users had the same benefit, the result would be that all charges to all credit cards would generate 5% cash back. At that point, every card might as well offer 5% cash back on every transaction, if it's so profitable. And then we'd be back to square 1-- where I just need one credit card.

To: Ryan Bartholomew who wrote (173746)	9/8/2014 5:12:30 PM
From: rnsmth	Read Replies (1) \| Respond to of 213177

<<I'm not to only person using the 5% in my arsenal of cards to yield a few thousand dollars per year of easy return.>> My arsenal is purposefully very small, and will stay that way. The only card I have that gives me benefits is an airline card - well, that is not true, I also have an AMEX but use it very little. The airline card gives me double miles on ticket purchases and I get free checked luggage - the luggage thing saves more than the fee, so I figure I am ahead on that. Like I said before, I live in a country that is pretty much as cash economy. I am good with that. I do know people who manage and manipulate their credit cards to their advantage, but I prefer a far simpler life.