View Single Post
Old 05-21-2009, 09:35 AM
  #11  
pittsburgpam
Super Member
 
Join Date: Jan 2009
Location: California
Posts: 3,502
Default

I use them for the rewards, mainly for things that I am going to buy anyway. I really like the different rewards catagories every quarter with Discover Card, things like gas and groceries. Why not get 5% cash back on things I buy anyway? Now American Express is doing the same and I enrolled the other day. My Citibank card is a Dividend card so I get cash back there too.

If they start charging interest from the time of purchase I won't use them anymore. No savings there.

I don't carry much balance on cards, normally pay them off each month. I do have one at 0% until October that I am paying a little bit each month. Why pay it off when I can keep that money in my high yield savings account and earn interest on it until September? The only other thing I owe besides mortgage is my auto loan, which is paid of in THREE MORE PAYMENTS!! Yoo Hoo!
pittsburgpam is offline