🚀 go-pugleaf

In article <N4xvi.229$Oo.181@newssvr17.news.prodigy.net>,
 "Quiz" <Quiz@quiz.com> wrote:

> Citi Bank cut the cash back they give their card holders for gas, food and 
> drug store purchases from 5% to 2%. It looks like most other credit card 
> companies are no longer offering 5% cash back on these types of purchases or 
> are offering 5% for only a limited time.  Or they offer 5% for purchases in 
> less popular categories and rotate the categories every 3 months or so. 
> Discover Card does this and based on the categories I've seen I would be 
> much better off always getting 5% or even 3% on gas, food and drugstore 
> purchases instead of the Discover rotating categories.
> 
> Does anyone know of any credit cards still offering 5% cash back for gas, 
> food and drug store purchases?  The best I've seen is 3%. 

Check http://www.bankrate.com which is an excellent resource for finding 
credit cards with good deals.

On Aug 12, 1:57 am, Shawn Hirn <s...@comcast.net> wrote:
> In article <N4xvi.229$Oo....@newssvr17.news.prodigy.net>,
>
>  "Quiz" <Q...@quiz.com> wrote:
> > Citi Bank cut the cash back they give their card holders for gas, food and
> > drug store purchases from 5% to 2%. It looks like most other credit card
> > companies are no longer offering 5% cash back on these types of purchases or
> > are offering 5% for only a limited time.  Or they offer 5% for purchases in
> > less popular categories and rotate the categories every 3 months or so.
> > Discover Card does this and based on the categories I've seen I would be
> > much better off always getting 5% or even 3% on gas, food and drugstore
> > purchases instead of the Discover rotating categories.
>
> > Does anyone know of any credit cards still offering 5% cash back for gas,
> > food and drug store purchases?  The best I've seen is 3%.
>
> Checkhttp://www.bankrate.com which is an excellent resource for finding
> credit cards with good deals.


It's nice to see a fellow put his good sense to work.

This is one on the most excellent posts you' ve ever made.

Thanks for the info!

Live Long

I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food 
markets, pharmacies and gasoline.


"HWOS" <HugeWadOfSpit@yahoo.com> wrote in message 
news:1186945148.237570.182800@22g2000hsm.googlegroups.com...
> On Aug 12, 1:57 am, Shawn Hirn <s...@comcast.net> wrote:
>> In article <N4xvi.229$Oo....@newssvr17.news.prodigy.net>,
>>
>>  "Quiz" <Q...@quiz.com> wrote:
>> > Citi Bank cut the cash back they give their card holders for gas, food 
>> > and
>> > drug store purchases from 5% to 2%. It looks like most other credit 
>> > card
>> > companies are no longer offering 5% cash back on these types of 
>> > purchases or
>> > are offering 5% for only a limited time.  Or they offer 5% for 
>> > purchases in
>> > less popular categories and rotate the categories every 3 months or so.
>> > Discover Card does this and based on the categories I've seen I would 
>> > be
>> > much better off always getting 5% or even 3% on gas, food and drugstore
>> > purchases instead of the Discover rotating categories.
>>
>> > Does anyone know of any credit cards still offering 5% cash back for 
>> > gas,
>> > food and drug store purchases?  The best I've seen is 3%.
>>
>> Checkhttp://www.bankrate.com which is an excellent resource for finding
>> credit cards with good deals.
>
>
> It's nice to see a fellow put his good sense to work.
>
> This is one on the most excellent posts you' ve ever made.
>
> Thanks for the info!
>
> Live Long
>
>
> 

Art wrote:
> 
> I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food
> markets, pharmacies and gasoline.

I'm pretty sure that card is no longer being offered to new
customers. I've read rumors they may change the terms for
existing customers soon.

Bill

Bill wrote...
> Art wrote:
> 
>>I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food
>>markets, pharmacies and gasoline.
> 
> 
> I'm pretty sure that card is no longer being offered to new
> customers. I've read rumors they may change the terms for
> existing customers soon.

I never understood why people think that getting 5% back on a cup of coffee
they pay 30% interest on is a good deal.  The rumors are true, the bank
intends to increase the rebate and interest rates to 6% and 43% respectively,
an even better deal to reward valuable customers like you.

Mister Superstar <superstar@deadcelebrity.org> writes:
>I never understood why people think that getting 5% back on a cup of coffee
>they pay 30% interest on is a good deal.

Why do you think people think that?

I get cash back on every credit-card purchase I make.  I won't use a
card that has an annual fee, and I won't use a card that doesn't give
me something back every time I use it.  And I pay off every one of my
credit cards in full at the end of every month, so I pay no interest
on any of my purchases.

-- 
Help stop the genocide in Darfur!
http://www.genocideintervention.net/

In article <tk2Di.1371$ZA5.143@nlpi068.nbdc.sbc.com>,
 Mister Superstar <superstar@deadcelebrity.org> wrote:

> Bill wrote...
> > Art wrote:
> > 
> >>I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food
> >>markets, pharmacies and gasoline.
> > 
> > 
> > I'm pretty sure that card is no longer being offered to new
> > customers. I've read rumors they may change the terms for
> > existing customers soon.
> 
> I never understood why people think that getting 5% back on a cup of coffee
> they pay 30% interest on is a good deal.

It is a good deal when you get 5% back and pay 0% interest.  At
least that is the way it works for me since I always pay the bill
in full each month.

-john-

-- 
======================================================================
John A. Weeks III           952-432-2708            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com
======================================================================

Mister Superstar wrote:
> 
> I never understood why people think that getting 5% back on a cup of coffee
> they pay 30% interest on is a good deal.  The rumors are true, the bank
> intends to increase the rebate and interest rates to 6% and 43% respectively,
> an even better deal to reward valuable customers like you.

That would be great for me, since I'd take the 6% and pay in
full each month, as the others have replied. I do not consider
it my problem that you don't understand how to make credit cards
work for you. Just because you don't pay in full doesn't mean
the rest of us don't.

Bill

Mister Superstar wrote:
> Bill wrote...
>> Art wrote:
>>
>>> I have a Chase Rewards Visa card which pays a 5% rebate on purchases 
>>> at food
>>> markets, pharmacies and gasoline.
>>
>>
>> I'm pretty sure that card is no longer being offered to new
>> customers. I've read rumors they may change the terms for
>> existing customers soon.
> 
> I never understood why people think that getting 5% back on a cup of coffee
> they pay 30% interest on is a good deal.  The rumors are true, the bank
> intends to increase the rebate and interest rates to 6% and 43% 
> respectively,
> an even better deal to reward valuable customers like you.

I don't use credit cards. Don't have to worry about their shenanigans. 
Don't have to worry about their loan sharking.
Don't have to worry about 40% interests.
Don't have to worry about them changing any of the terms of their one 
sided contracts.
Got enough money don't need their 5%.
Been there once. Got a pocket full of plastic to show from it. Have an 
enormous amount of credit available, on some, of the cards, that I need 
to get around to canceling. It's been 3 years or better since I used one 
but I understand they keep the accounts open  almost forever unless you 
close them.

Mister Superstar <superstar@deadcelebrity.org> wrote
> Bill wrote
>> Art wrote

>>> I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food markets, pharmacies and gasoline.

>> I'm pretty sure that card is no longer being offered to new customers. I've read rumors they may change the terms for 
>> existing customers soon.

> I never understood why people think that getting 5% back on a cup of coffee they pay 30% interest on is a good deal.

Most have enough of a clue to realise that they dont have
to pay a cent of interest and can just pocket the rebate.

And most have enough of a clue to use the card for their food purchases, not just their coffee too.

> The rumors are true, the bank intends to increase the rebate and interest rates to 6% and 43% respectively, an even 
> better deal to reward valuable customers like you.

It will reward those with enough of a clue to never pay a cent of interest.

Then there's fools like you that cant manage something as simple as that. 

Rod Speed wrote:
> Mister Superstar <superstar@deadcelebrity.org> wrote
>> Bill wrote
>>> Art wrote
> 
>>>> I have a Chase Rewards Visa card which pays a 5% rebate on purchases at food markets, pharmacies and gasoline.
> 
>>> I'm pretty sure that card is no longer being offered to new customers. I've read rumors they may change the terms for 
>>> existing customers soon.
> 
>> I never understood why people think that getting 5% back on a cup of coffee they pay 30% interest on is a good deal.
> 
> Most have enough of a clue to realise that they dont have
> to pay a cent of interest and can just pocket the rebate.
> 
> And most have enough of a clue to use the card for their food purchases, not just their coffee too.
> 
>> The rumors are true, the bank intends to increase the rebate and interest rates to 6% and 43% respectively, an even 
>> better deal to reward valuable customers like you.
> 
> It will reward those with enough of a clue to never pay a cent of interest.
> 
> Then there's fools like you that cant manage something as simple as that. 
> 
> 
There are fools like Rod Speed that seem to be the knower of all. AHe is 
probably some kid with a five dollar a week allowance.
Pay no attention to this fool that has a negative for everybody.
Kill file has one more.

tsi-yu wrote:
> 
> There are fools like Rod Speed that seem to be the knower of all. AHe is
> probably some kid with a five dollar a week allowance.
> Pay no attention to this fool that has a negative for everybody.
> Kill file has one more.

I don't often agree with Rod but you are the fool on this one.
Whether you have enough money or not, getting a few hundred
dollars a year for free in exchange for the convenience of
putting my purchases on a credit card and having a month or so
extra to pay for it at no cost to me, you'd have to be a fool
not to do it.

Bill

> I don't often agree with Rod but you are the fool on this one.
> Whether you have enough money or not, getting a few hundred
> dollars a year for free in exchange for the convenience of
> putting my purchases on a credit card and having a month or so
> extra to pay for it at no cost to me, you'd have to be a fool
> not to do it.

It's not "free."

Each time you give your credit card to a new retailer, you increase the risk 
that the next news item that says "Retailer hacked: 20,000 credit card 
numbers exposed" will mean YOU have to spend time and hassle getting your 
card changed and disputing fraudulent charges. Or that a crooked waiter will 
skim your card number.

It also means your card issuer knows that much more about your purchasing 
habits.

It also increases your credit utilization which can affect your FICO (and 
not in a positive way.)

Everyone will have to weigh the costs and benefits for their individual 
circumstances but somebody who's already rich will probably value his time 
and extra peace of mind more than a few hundred extra dollars that won't 
change his life anyway. That doesn't make them fools.

SpammersDie <xx@xx.xx> wrote

>> I don't often agree with Rod but you are the fool on this one.
>> Whether you have enough money or not, getting a few hundred
>> dollars a year for free in exchange for the convenience of putting my purchases on a credit card and having a month 
>> or so extra to pay for it at no cost to me, you'd have to be a fool not to do it.

> It's not "free."

Corse it is.

> Each time you give your credit card to a new retailer, you increase
> the risk that the next news item that says "Retailer hacked: 20,000
> credit card numbers exposed" will mean YOU have to spend time and
> hassle getting your card changed and disputing fraudulent charges.

Nope, its never happened to me yet, and aint gunna either.

> Or that a crooked waiter will skim your card number.

If you care about that particular risk, you're always welcome
to be selective about where you use the credit card.

And you eliminate the risk of someone mugging you for your cash too.

> It also means your card issuer knows that much more about your purchasing habits.

I couldnt give a flying red fuck if they know
every single detail of everything I ever buy.

> It also increases your credit utilization which can affect your FICO

Fine by me, I'm not stupid enough to do anything
with the card that will cause it any damage.

> (and not in a positive way.)

Not having any credit card use can result in even
worse results, paying more for insurance etc etc etc.

> Everyone will have to weigh the costs and benefits for their individual circumstances

And only a fool would conclude that they dont benefit
from the use of a card that has no annual fee and which
pays a decent rebate on the bulk of what you spend.

> but somebody who's already rich will probably value his time

And so would use a card instead of farting around with cash instead.

> and extra peace of mind

Only the mindlessly paranoid fools.

> more than a few hundred extra dollars that won't change his life anyway.

There's fuck all of the rich that are stupid enough to refuse a few hundred bucks for free.

> That doesn't make them fools.

Yes it does. You in spades. 

    If a retailer is hacked at the  most you have the inconvenience of 
getting the charges removed from the bill.

  Cash back is cash back. No strings.

  I recently took a ten day vacation. I never had more than $50 cash on 
me. I used my credit card for larger purchases and my debit card when I 
wanted cash back either from a merchant or an ATM (my credit union 
allows no fee withdrawals at many other credit union ATMs as well as the 
7-11 network.

  The alternatives would have meant carrying a lot of cash with me or 
using travelers checks. The former entails the risk of theft or loss,the 
latter requires finding a store that takes them and going through the ID 
verification process.

"George Grapman" <sfgeorge@paccbell.net> wrote in message 
news:skADi.13266$3x.10649@newssvr25.news.prodigy.net...
>    If a retailer is hacked at the  most you have the inconvenience of 
> getting the charges removed from the bill.

As I said, everyone needs to weigh the costs and benefits for themselves.

For someone who's already well off and can't spend what he already has, the 
cash back is not worth the "inconvenience" no matter how small. You only get 
so many years on this planet.

I'm not saying everyone should choose not to use plastic for the rewards.

I'm just against blanket statements that say everyone *should* use them.


>  I recently took a ten day vacation. I never had more than $50 cash on me. 
> I used my credit card for larger purchases and my debit card when I wanted 
> cash back either from a merchant or an ATM (my credit union allows no fee 
> withdrawals at many other credit union ATMs as well as the 7-11 network.
>
>  The alternatives would have meant carrying a lot of cash with me or using 
> travelers checks. The former entails the risk of theft or loss,the latter 
> requires finding a store that takes them and going through the ID 
> verification process.

Certainly, there are other benefits to plastic besides the cashback. (It 
just wasn't part of the original argument.)

Though I'd pick the risk of losing a pocketful of cash over having 
fraudulent cc charges. The former is an event with a beginning and end and 
your total loss is known upfront. When the fraudulent chages show up on your 
card, it can be a long time before you're sure whether it's "just getting 
the charged removed" or the start of a major identity-theft nightmare that 
could last for years. The uncertainty and lack of clear closure can be just 
as bad or worse than the financial loss.

SpammersDie wrote:
> "George Grapman" <sfgeorge@paccbell.net> wrote in message 
> news:skADi.13266$3x.10649@newssvr25.news.prodigy.net...
>>    If a retailer is hacked at the  most you have the inconvenience of 
>> getting the charges removed from the bill.
> 
> As I said, everyone needs to weigh the costs and benefits for themselves.
> 
> For someone who's already well off and can't spend what he already has, the 
> cash back is not worth the "inconvenience" no matter how small. You only get 
> so many years on this planet.
> 
> I'm not saying everyone should choose not to use plastic for the rewards.
> 
> I'm just against blanket statements that say everyone *should* use them.
> 
> 
>>  I recently took a ten day vacation. I never had more than $50 cash on me. 
>> I used my credit card for larger purchases and my debit card when I wanted 
>> cash back either from a merchant or an ATM (my credit union allows no fee 
>> withdrawals at many other credit union ATMs as well as the 7-11 network.
>>
>>  The alternatives would have meant carrying a lot of cash with me or using 
>> travelers checks. The former entails the risk of theft or loss,the latter 
>> requires finding a store that takes them and going through the ID 
>> verification process.
> 
> Certainly, there are other benefits to plastic besides the cashback. (It 
> just wasn't part of the original argument.)
> 
> Though I'd pick the risk of losing a pocketful of cash over having 
> fraudulent cc charges. The former is an event with a beginning and end and 
> your total loss is known upfront. When the fraudulent chages show up on your 
> card, it can be a long time before you're sure whether it's "just getting 
> the charged removed" or the start of a major identity-theft nightmare that 
> could last for years. The uncertainty and lack of clear closure can be just 
> as bad or worse than the financial loss.
> 
> 
> 
> 
    I would still prefer the problems you mentioned over the risks of 
carrying a large amount of cash with me on a trip.

"SpammersDie" <xx@xx.xx> writes:
>For someone who's already well off and can't spend what he already has, the 
>cash back is not worth the "inconvenience" no matter how small. You only get 
>so many years on this planet.

Someone who's already well off and can't spend what he already has,
has people on his payroll who can clean up identity-theft messes for
him.

Someone who's already well off and can't spend what he already has,
spends a lot more money than the rest of us and hence the amount he
would get in cash back would be significantly higher.

Someone who's already well off and can't spend what he already has,
probably got there by looking for opportunities to save and make money
and taking advantage of them.

-- 
Help stop the genocide in Darfur!
http://www.genocideintervention.net/

"Jonathan Kamens" <jik@kamens.brookline.ma.us> wrote in message 
news:fbnngo$3ms$1@jik2.kamens.brookline.ma.us...
> "SpammersDie" <xx@xx.xx> writes:
>>For someone who's already well off and can't spend what he already has, 
>>the
>>cash back is not worth the "inconvenience" no matter how small. You only 
>>get
>>so many years on this planet.
>
> Someone who's already well off and can't spend what he already has,
> has people on his payroll who can clean up identity-theft messes for
> him.

And such people would be?

I wasn't talking "Rich enough to purchase Equifax, Experian and TU and go in 
and fix the database as the owner" rich...



> Someone who's already well off and can't spend what he already has,
> spends a lot more money than the rest of us

An assumption. Besides, credit limits don't scale beyond a certain point. 
(And the rewards probably don't either if the card execs have any sense.)



> Someone who's already well off and can't spend what he already has,
> probably got there by looking for opportunities to save and make money
> and taking advantage of them.

And may also follow the old proverb: "Once you reach the top of the 
mountain, quit climbing."

> It also increases your credit utilization which can affect your FICO (and
> not in a positive way.)
>

Right on!  This is the part that most people don't get.  It doesn't
matter if you pay your account off every month, and are never late.
If a significant part of your disposable income runs through your
credit card(s), it has a very negative effect on your FICO.  And the
more cards you have, even if you don't use them, the worse it is.  To
say nothing of the fact that all those transaction fees get rolled
into the prices charged by the merchants who have to process the
transactions.  That 15 or 20 cents you got back from your credit card
company on the last cup of Starbucks you put on your card probably
added at least that much and maybe more to the price you paid.

If you think it doesn't matter, the next time you need a loan for a
major purchase (and you will, it's only a question of when), ask your
lender how much lower the rate they're offering you would be if your
FICO was 10 or 20 points higher.  There's no free lunch.

Regards,
Sarge

sarge137 <rbooth9858@yahoo.com> writes:
>Right on!  This is the part that most people don't get.  It doesn't
>matter if you pay your account off every month, and are never late.
>If a significant part of your disposable income runs through your
>credit card(s), it has a very negative effect on your FICO. ...
>
>If you think it doesn't matter, the next time you need a loan for a
>major purchase (and you will, it's only a question of when), ask your
>lender how much lower the rate they're offering you would be if your
>FICO was 10 or 20 points higher.  There's no free lunch.

As I've mentioned, we use our credit cards at every opportunity and pay
them off every month.  We also have a card maxed out on a 1.99%
interest rate offer.  They keep making the same offer (with no balance
transfer fee), so we keep maxing it out.  I'm happy to pay 1.99% on a
big chunk of money which I'd otherwise have taken out of my home equity
line at over 7%.

The total of the maximum balances for all of our cards for the past
year is over $41,000.

We recently bought a new minivan.  We financed it with a $23,000 loan
(or somewhere thereabouts) from the manufacturer.  We got the best rate
they were offering -- 2.9%.

You're right that credit-card balances affect your credit score.  But
I'm not sure they affect it as much as all that.  And if they do, then
there's a simple solution.  If, indeed, you're simply using the credit
cards to get cash back, then plan your "major purchase" several months
in advance and stop using the cards during that time.  Even lowering
your balances for only a few months will significantly lessen the
impact of the prior balances on your score.

-- 
Help stop the genocide in Darfur!
http://www.genocideintervention.net/

On Sep 7, 4:38 am, j...@kamens.brookline.ma.us (Jonathan Kamens)
wrote:
> sarge137 <rbooth9...@yahoo.com> writes:
> >Right on!  This is the part that most people don't get.  It doesn't
> >matter if you pay your account off every month, and are never late.
> >If a significant part of your disposable income runs through your
> >creditcard(s), it has a very negative effect on your FICO. ...
>
> >If you think it doesn't matter, the next time you need a loan for a
> >major purchase (and you will, it's only a question of when), ask your
> >lender how much lower the rate they're offering you would be if your
> >FICO was 10 or 20 points higher.  There's no free lunch.
>
> As I've mentioned, we use ourcreditcards at every opportunity and pay
> them off every month.  We also have a card maxed out on a 1.99%
> interest rate offer.  They keep making the same offer (with no balance
> transfer fee), so we keep maxing it out.  I'm happy to pay 1.99% on a
> big chunk of money which I'd otherwise have taken out of my home equity
> line at over 7%.
>
> The total of the maximum balances for all of our cards for the past
> year is over $41,000.
>
> We recently bought a new minivan.  We financed it with a $23,000 loan
> (or somewhere thereabouts) from the manufacturer.  We got the best rate
> they were offering -- 2.9%.
>
> You're right thatcredit-card balances affect yourcreditscore.  But
> I'm not sure they affect it as much as all that.  And if they do, then
> there's a simple solution.  If, indeed, you're simply using thecredit
> cards to get cash back, then plan your "major purchase" several months
> in advance and stop using the cards during that time.  Even lowering
> your balances for only a few months will significantly lessen the
> impact of the prior balances on your score.
>
> --
> Help stop the genocide in Darfur!http://www.genocideintervention.net/


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