Comments on What People Think About Rewards Credit CardsTypePad2011-11-17T18:56:09ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2011/12/what-people-think-about-rewards-credit-cards/comments/atom.xml/Georgia commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e201675eb7941b970b2011-12-14T00:34:13Z2011-12-14T00:34:13ZGeorgiaI love my cc rewards. I always take cash. I have an older Chase Freedom card and a Citi Dividend...<p>I love my cc rewards. I always take cash. I have an older Chase Freedom card and a Citi Dividend Card. I usually wait until I have $1-200 and then cash them in. </p>
<p>I do appreciate the article on Get Rich Slowly that told about "found" money to save for specific items. I plan to start doing this. I will have a start in the next week, as I qualified for the $20 check from Mastercard online buying. Over 1/2 the $200 you needed to spend was on something I had planned on buying right away. The rest of the buying was at Amazon. I bought several DVD's new from Amazon, as they had an amazing sale on. Their new DVD's were as good as or better than used. And buying from Amazon, no S/H on those. This was my Christmas present to myself.</p>
<p>In the 7-8 years I've had these cards, I've gotten pretty close to $4k in rewards. I'll definitely keep them in my pocket. Oh, and I do pay them off each month. In that 7-8 years I have not paid them a cent. Marvelous!!!</p>Money Beagle commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e201675eac4532970b2011-12-12T20:24:24Z2011-12-12T20:24:24ZMoney Beaglehttp://www.moneybeagle.comI love my Citi Dividends cash reward card. Cash and gift cards are two different things. I redeem my cash...<p>I love my Citi Dividends cash reward card. Cash and gift cards are two different things. I redeem my cash and put it aside for a major purchase, say a TV. When I get a good deal that I want, I can just buy it with the cash I have. If I have a gift card, I'm limited to buying it on that particular site and if I see a deal that I want on another site for which I can't get a gift card, it's not possible for me to use the rewards the way I want. So there is a difference and I would give the advantage to cash.</p>
<p>But, that's for how we use it.</p>Melissa commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e20162fdb80088970d2011-12-12T19:33:51Z2011-12-12T19:33:51ZMelissaI wish my Discover card let me redeem cash back in increments smaller than $50. Other than that, I'm pretty...<p>I wish my Discover card let me redeem cash back in increments smaller than $50. Other than that, I'm pretty happy with it.</p>Kris @ Everyday Tips commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e20162fdb7e4fc970d2011-12-12T19:25:24Z2011-12-12T19:25:24ZKris @ Everyday Tipshttp://everydaytipsandthoughts.comLove my cash rewards Amex Blue Cash! I have a backup Visa though that accumulates points.<p>Love my cash rewards Amex Blue Cash! I have a backup Visa though that accumulates points.</p>Andy commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e2015438351fd0970c2011-12-12T18:14:36Z2011-12-12T18:14:36ZAndyI used my Chase Freedom rewards points on Cyber Monday and got an iPad 2 32Gb Wi-Fi only for about...<p>I used my Chase Freedom rewards points on Cyber Monday and got an iPad 2 32Gb Wi-Fi only for about 46000 points. It was normally 61000 points so when you equate that to dollars, $610 marked down to about $460. At Best Buy (which is where I picked it up), they cost $600. So I let my points accumulate until a really good deal comes along. I would have gotten more if I had more points!</p>Mark commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e201543834b71d970c2011-12-12T16:54:55Z2011-12-12T16:54:55ZMarkIf you watch the rewards, there are frequent "sales" on giftcards. For example, 2000 points for $25 cards. And if...<p>If you watch the rewards, there are frequent "sales" on giftcards. For example, 2000 points for $25 cards. And if you want to give a giftcard, that's a way to give a larger one.</p>
<p>I also sometimes convert points to travel awards. Twice I have had to rent a car in prime season, and points were MUCH cheaper than the best price I coild get with real money.</p>
<p>One interesting note - I have both Chase Sapphire and Freedom cards. Often the discounted giftcards are on one but not the other. But I can transfer points freely from one to the other so I transfer to the one I get the deal on.</p>Jeff commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e20162fdb6ace4970d2011-12-12T16:45:34Z2011-12-12T16:45:34ZJeffYep, I also go for cash first unless there's a "sale" on a good gift card.<p>Yep, I also go for cash first unless there's a "sale" on a good gift card.</p>FMF commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e20162fdb6a7ad970d2011-12-12T16:40:16Z2011-12-12T16:40:16ZFMFhttp://www.freemoneyfinance.comJeff -- Me too. I always go for the cash, but would go for a gift card if I got...<p>Jeff --</p>
<p>Me too. I always go for the cash, but would go for a gift card if I got more back that way.</p>
<p>BTW, you know the Chase Freedom card gives cash, correct?</p>Jonathan commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e201543834a16a970c2011-12-12T16:34:29Z2011-12-12T16:34:29ZJonathanJeff's right, gift cards are not as valuable as cash because they are restricted as to where they can be...<p>Jeff's right, gift cards are not as valuable as cash because they are restricted as to where they can be used. Granted, if you spend money all the time at a given location, the gift card to that location is just about the same as cash.</p>Jeff commented on 'What People Think About Rewards Credit Cards'tag:typepad.com,2003:6a00d83451bcbd69e20162fdb69e04970d2011-12-12T16:30:42Z2011-12-12T16:30:42ZJeffRegarding the Chase Freedom card, I'm baffled by anyone who would redeem points for a gift card when they can...<p>Regarding the Chase Freedom card, I'm baffled by anyone who would redeem points for a gift card when they can redeem for the same value in cash. Why in the heck would I want $50 at ABC Widget Co. when I can receive $50 in cash money? Now if I can get a $50 gift card for the equivalent of $40 or $45, then I'm all over that (provided that it's a store where I normally shop).</p>