Comments on: Credit Card deals a Ripoff?

By: JOE

JOE — Wed, 01 Oct 2008 15:40:29 +0000

$3200 per year! It would take more than $5000 gross to save this much money. This is more than most people are saving for their retirements, and you’re getting it for free. For all the stories of bad deals, and the Dave Ramseys who will tell you that ‘there’s no responsible use of credit cards”, you seem to be doing very well. Congratulations!

By: George R

George R — Wed, 01 Oct 2008 15:26:01 +0000

We use the old 529 Mastercard from Fidelity for all our purchases. We pay off the bill every month. Almost everything goes on that card: gas, groceries, phone bill, cell phone bill, cable bill, and anything else. I even put business expenses on the card and then submit an expense report. Rewards go to our son’s 529 account at Fidelity. We get back the entire $1,500 per year (and so we use other rewards cards as well, mainly a 1.5% cashback Amex). Both my parents and my wife’s parents use the Fidelity 529 rebate cards as well, and they go into our daughter’s 529. Unfortunately, the mastercard had been stopped, so they use the 1.5% Amex cards. But every quarter, we get combined about $800. It’s real money. And everyone pays off the bill each month.

By: JOE

JOE — Tue, 17 Jun 2008 21:54:30 +0000

Sorry to hear of the emergency, but it’s good to know that you were not also impacted financially. I bet that trip would have cost a cash customer nearly $800-$1000. Thank you again for visiting.
Joe

By: Augustine

Augustine — Tue, 17 Jun 2008 21:41:34 +0000

I’ve had a credit card to stack miles for over a decade and I’ve used them for about 5 international trips and some 4 domestic trips. The last time was last October, when I redeemed miles for an international trip due to a family emergency to travel 2 days later (for a fee of mere $100 due to the short notice).