Comments on: All good credit card deals must come to an end http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: WOW! Credit Cards http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/comment-page-1/#comment-18981 WOW! Credit Cards Thu, 07 Dec 2006 03:35:00 +0000 http://mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/#comment-18981 A perfect example of this is the Citi Dividend Platinum Select card. Recently, it changed from 5% cash back, to 2% cash back on purchases. Initially, this was one of the best "cash back" offers out there! But soon after (probably after they drew enough people in), they changed the program. Keep an eye on your credit card terms! You may find out you're not getting what you signed up for! A perfect example of this is the Citi Dividend Platinum Select card. Recently, it changed from 5% cash back, to 2% cash back on purchases. Initially, this was one of the best “cash back” offers out there! But soon after (probably after they drew enough people in), they changed the program.

Keep an eye on your credit card terms! You may find out you’re not getting what you signed up for!

]]> By: mbhunter http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/comment-page-1/#comment-106 mbhunter Mon, 05 Sep 2005 06:58:13 +0000 http://mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/#comment-106 Ostrauder, excellent points. Well put! I try to point out that rebate credit cards are NOT a good deal if you carry a balance. But overbuying is just as big an issue, and one that I haven't really explicitly mentioned yet. I frequent McDonald's and Wendy's (for their spicy chicken sandwich!) and I know that it's easy to buy more when you're hungry -- and especially easy when they ask if you want to "biggie-size" it! It's an easy calculation, as the Fool.com article referenced in one of your posts mentions -- credit orders are 35% bigger on average than cash orders. Frankly, I'm surprised it took this long to get CCs in McDonald's and Wendy's. Ostrauder, excellent points. Well put!

I try to point out that rebate credit cards are NOT a good deal if you carry a balance. But overbuying is just as big an issue, and one that I haven’t really explicitly mentioned yet.

I frequent McDonald’s and Wendy’s (for their spicy chicken sandwich!) and I know that it’s easy to buy more when you’re hungry — and especially easy when they ask if you want to “biggie-size” it! It’s an easy calculation, as the Fool.com article referenced in one of your posts mentions — credit orders are 35% bigger on average than cash orders.

Frankly, I’m surprised it took this long to get CCs in McDonald’s and Wendy’s.

]]> By: mbhunter http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/comment-page-1/#comment-105 mbhunter Mon, 05 Sep 2005 06:36:21 +0000 http://mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/#comment-105 Sol, that's a good card as long as you pay off your balances in full each month and spend as you would cash. The PerfectCard does not have any limit on the 1% (non-gas) purchases. It's only the gas purchases that are capped at $15/month. (As of 5 Sept 05 -- check T&C yourself to make sure!) Ostrauder has an excellent point also, and I'll respond to that one next. Sol, that’s a good card as long as you pay off your balances in full each month and spend as you would cash. The PerfectCard does not have any limit on the 1% (non-gas) purchases. It’s only the gas purchases that are capped at $15/month. (As of 5 Sept 05 — check T&C yourself to make sure!)

Ostrauder has an excellent point also, and I’ll respond to that one next.

]]> By: Ostrauder http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/comment-page-1/#comment-104 Ostrauder Sun, 04 Sep 2005 15:31:39 +0000 http://mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/#comment-104 One more issue about using a rewards credit card is that you spend more than you would if you had to pull the cash. This is the reason fast food places like Wendy’s and Mcdonalds accept credit cards. People using credit will spend a little more. If you have will power and spend wisely the cash back is great. If money is tight this can be a budget buster. Ostrauder <a href="http://www.fightingdebtblog.com/" rel="nofollow"> http://www.fightingdebtblog.com/</a> One more issue about using a rewards credit card is that you spend more than you would if you had to pull the cash. This is the reason fast food places like Wendy’s and Mcdonalds accept credit cards. People using credit will spend a little more. If you have will power and spend wisely the cash back is great. If money is tight this can be a budget buster.

Ostrauder
http://www.fightingdebtblog.com/

]]> By: Sol http://www.mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/comment-page-1/#comment-103 Sol Sun, 04 Sep 2005 02:32:51 +0000 http://mightybargainhunter.com/2005/09/02/all-good-credit-card-deals-must-come-to-an-end/#comment-103 I would like to see some more info on what the best rebate-credit card there is out there. I have read that the Chase cards have so many restrictions that they really aren't all they are cracked up to be. I have a Wells Fargo card that pays a 1% (cash rebate) on all debit/credit transactions. I don't think there is a limit on the amount. Sure would like to find a better deal out there. I would like to see some more info on what the best rebate-credit card there is out there.

I have read that the Chase cards have so many restrictions that they really aren’t all they are cracked up to be.

I have a Wells Fargo card that pays a 1% (cash rebate) on all debit/credit transactions. I don’t think there is a limit on the amount. Sure would like to find a better deal out there.

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