OT:Do you use a rewards credit card?

redtom · Jan 9, 2012

I currently have a GM/Mastercard card. Well, its painfully obvious that I will never afford a new car. I've ammassed a couple grand a few times and had it swept away, too. I should switch to some card that pays a reward for the little use I get from it. I only have the one card and use it as little as possible. Which one is a good deal?

Mark-Mi · Jan 9, 2012

I hope there is some good replies.
I use a Cabelas Visa for about 10,000 a year and at 1 percent kick back at Cabelas that 100 dollars doesn't go very far.
I am sure there is better deals out there.

mkirsch · Jan 9, 2012

Hmm, my GM balance has been building ever since I got the card. They've only ever temporarily maxxed it out to entice me to buy a new vehicle.

You can use your points now for certain services and tires at GM dealers now.

MSD · Jan 9, 2012

My wife got a $150 Visa card from her bank as rewards. She didn't think spent much on hers to get that.

Herbert Johnson · Jan 9, 2012

I have the GM which pays 5% towards car and truck purchases. $500. is the most you can accumulate per year. I have used about $6500. in the past, and will soon use another $3000. give or take.

Anonymous-0 · Jan 9, 2012

My VISA rewards card pays back 1%. So $150 would be 15Grand worth of charges.

Areo

Ultradog MN · Jan 9, 2012

I have a Visa card from my credit union.
Everytime I use it I'm rewarded with a high interest charge when it comes time to pay it back.

MeanGene1 · Jan 9, 2012

A buddy of mine is an engineering contractor, nicknamed "Squeak", and his wife is a pretty sharp bookkeeper and keeps up on things. So he gets one of those payback cards, and starts to pay his rock/sand/asphalt bill at the quarry, pipe suppliers for underground stuff, parts bills for everything, fuel & oil, and all the stuff for the sprint car (owned by the company of course- duallie & enclosed trailer, Shaver engine, tires, methanol etc) with the card, always on time and always a big check. Let's just say the card paid for a very nice Christmas "beat the system" party for the family, and lots of goodies, including an engine upgrade, for his Harley- you know they didn't see him coming LOL

Dieselbreath · Jan 9, 2012

I have American Express which pays 3% on gas purchases and goes down from there. It's also my entry card to Costco. I get approximately $350 back every year.
My son-in-law changes his card frequently depending on how much in rewards he gets back.

8N'r--WI · Jan 9, 2012

Most of the "good deals" went away with the finance fiasco in 2008.....along with some of the companies that created it...

Like the VISA card I was offered in 2005....0% for LIFE, payback 2% of the principal each month, no transaction fee to load up the card...

Free money if you didn"t use the card after initial "load up" to buy more credit...that was the catch.

Now the only offers I get is "0%" for a time period with a 3-5% "trasaction fee"...I still think this is a come on that should not be allowed.

Tim....

Iowa Jim · Jan 9, 2012

We stopped using credit cards three years ago and don't ever intend to carry them in our wallets ever again. I spent many years chasing rewards, I did get several free flights with frequent flier miles, but they were EXPENSIVE 'free' flights.

Jim

NW Ohio Tim · Jan 9, 2012

We have an Amazon Visa card that returns 3% for Amazon purchases, 2% for gas and 1% for other things.

The nice part is, you can use the rewards when you purchase from Amazon, they actually tell you how much money you have in there and offer a simple one click way to use it.

Works great for us.....

Tim

Mike (WA) · Jan 9, 2012

We've had a Discover card for many years, its the highest consistent pay-out. Also have a Chase Visa, for outfits that don't take Discover. We end up with several hundred a year in cash back. Works fine so long as you pay it off every month. Interest rates have gotten outrageous if you carry a balance, though.

Anonymous-0 · Jan 9, 2012

(quoted from post at 09:09:28 01/09/12) I have a Visa card from my credit union.
Everytime I use it I'm rewarded with a high interest charge when it comes time to pay it back.

no manure......... Ours throws out these little bonus incintives like a drug dealer passing out samples.....

Bob Bancroft · Jan 9, 2012

Discover card- no fee- cash back- use it for everything. I use as few checks as possible any more, and don't take them from the house. The checks cost a lot, but the card pays me to use it!

donjr · Jan 9, 2012

Never had a rewards card. Last time I was in the post office, there was still a reward on me--

Jeff IA · Jan 9, 2012

I generally pay cash for gas, groceries, etc. By doing that, I'm more conscious of how much I'm spending when I have to see that money leave my hand. I figure I save more doing it that way than trying to eke out a percent or two in CC rewards.

That said, I use a Discover for online purchases or for a larger puchase that I already planned for and have the cash to pay for. Get about $50 or so back a year.

Jeff NWOH · Jan 9, 2012

I've got a Chase Ink MC that pays 1% on everything. No $3000 min like Discover to get the full 1%(used to have a discover). It pays 3% on gas, restaurants, home improvement, and I believe office supplies. I pay a lot of my bills online with it, along with my gas(even if I have cash in hand), pay it off every month, and get a $100 credit 2 or 3 times a year,

ss55 · Jan 9, 2012

I threw my GM credit card in a drawer for that very same reason. I use an Amazon card instead because I actually get some rewards back from it.

ss55 · Jan 9, 2012

I should add... the rewards credit cards are OK only if you pay off the balance every month and avoid any interest charges.

LenND · Jan 9, 2012

Have a USBank Flexperk VISA. Wife and I flew to Dallas last summer on two free tickets. Had to pay luggage fees both ways though.

PJH · Jan 9, 2012

Yes - Kroger Visa. Like it, but have no other to compare it to.

Geo-TH,In · Jan 9, 2012

Following have no annual fees.
Lowes 5%
Menards 2%
Bank of America visa 3%, 2%, 1% all the time.
I think gas is 3% Go to sight and check it out.

Super Trucker · Jan 9, 2012

Speedway rewards. It has bought me 2 wetherbee vangaurds and is about to get me a over&under 12ga/20ga combo. I love speedway and bass pro!!!

redtom · Jan 9, 2012

Yes, most of us here are what the credit card industry calls "dead beats". We pay our balances off every month. I do too. I also pay cash most of the time. But, there are times when only a card will work, i e reservations. I hate the card but my bro in law uses his for everyhting like some here do and he gets a tidy reward and goes on trips and getaways etc, so who's the fool? I'll never use my GM credit dollars and have given it back multiple times in the past 15 or so years so I might as well move on to something different.

MSD · Jan 9, 2012

We use it for quite a few things and she had it a long time before she realized she could get "cash back" with it. New injector pump was $1200 last month, this month new injectors at $375. Don't take long.

WGM · Jan 9, 2012

Is this the same company that introduced 30 cent Thursdays about 10 years ago? Wouldn"t step foot in a Greedway!!

flying belgian · Jan 9, 2012

I have a couple gas tractors and the swather and a self propelled sprayer and the lawn tractor that I get gas delivered to the farm in a 500 gallon barrel. Buy it from the local co-op. I never checked if they take credit card payment. If they do I wonder if that gas purchase qualifies for the 3%.

Rick Kr · Jan 9, 2012

The GM card isn't even owned by GM, its HSBC.

I pay my balance every month so I am a deatbeat too the to the credit card companies. Occasionally I carry a balance for one month if it is an extremely large purchase. Since I pay it off, I found the one with the best rewards.
Right now it is Chase Slate. Have all my "rewards" sent as Outback gift certificates. Otherwise too expensive to eat there.

Rick

Texasmark1 · Jan 10, 2012

Neither. Get yourself a bank debit card. That way you can't possibly run up a credit balance and have to pay their 26% ridiculous interest.

Was over $20k in debt to those........ once, but no more and never again.

Mark

OT:Do you use a rewards credit card?

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