🚀 go-pugleaf

John F. Haugh II (jfh@rpp386) wrote:

: Do it yourself credit card reform --

: 1). Pay the balance off in full every month.  This way you get
:     that 0% APR -- lowest interest rate of all major cards ;-)
: 2). Get a Discover Card -- no annual fee.  Zero is less than most
:     any other number.
: 3). Use said Discover Card for EVERYTHING.  Get back 1% on
:     all purchases this way.  If you REALLY use it for everything
:     this can add up.
: 4). Use said Discover Card to extort discounts for paying
:     cash from time to time.  Get up to 5% off from smart
:     merchants, or get 1% back from Discover plus 25 days use
:     of someone elses money.  I saved $500 on a hot tub that way.

: The way I see it, this pays in SPADES.
: -- 
Similar deal w/ the GE Rewards Mastercard.  They started out giving 2%
back in vouchers good at KMarts, Home Depot, a bunch of other popular
places...  Now they have a graduated refund scale w/ the first $500 
getting .5% with a max of 2% after $6-8K or so.  Still slightly better
than Discover.   Discover and GE Rewards are the only 2 cards I own. 
I received over $100 back from GE Rewards last year.  Better than a kick
in the butt and surely better than an annual fee.  Just M2C.
--
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