Comments on: How Far Do You Go With Cashback?

By: Aimee

Aimee — Tue, 27 Jun 2006 09:07:21 +0000

The only thing that I would be worried about is if the card had two cylce billing. Otherwise, you may as well take advantage of the offers! I just would have to be very disciplined.

By: Dus10

Dus10 — Mon, 26 Jun 2006 17:42:53 +0000

Miller:

I do this right now, except I do not have to front the cash. My school will defer receiving a payment until two weeks after grades have been issued if you can provide an approval letter from your employer. So, I defer, get the money and stick it in the bank, pay with credit to get points, and then pay the balance off in full. I get a little interest in my savings account while floating the credit for a month, and then get points. It works out great. Now, if I could just pay my credit cards with other credit cards (not balance transfers), that would be great!

By: Free Money Finance

Free Money Finance — Fri, 23 Jun 2006 10:31:04 +0000

Star Money Articles for the Week of June 19

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Five Cent Nickel has a great money saving tip — live next door to someone who’s moving. Blueprint for Financial Prosperity highlights the lengths some people

By: Miller

Miller — Wed, 21 Jun 2006 15:38:25 +0000

There is a interesting story here with relation to paying for school. My work is willing to pay to send its employees to grad school to get masters and MBAs. Most the youngsters I know take advantage of that. Well, it used to be (the system has changed since) that you had to front the money (approximately 2k a class), and if you recevied a B or better, work would reimburse you the money. Great!!! Cashback baby! At the time, the best I could do is 1% (yes, now Discover has a 5% on education), so this would be ~$40 per class in cashback. However, this would have to be balanced with the interest lost in the bank for having to front this money for about 5 months. In the end (I don’t recall the exact interest rates at the time), it ended up pretty much being a slight advantage to fronting the money yourself (especially with taxes figured in, I think), but around $5 I think. Ther was a semester or two where the students got to choose to either front the money or have work front the money (the current system), but most of us chose to have work do it because $5 isn’t worth having $2k tied up for so long…

By: Amy

Amy — Tue, 20 Jun 2006 22:39:37 +0000

I use my Discover anywhere they will take it. It’s usually just 1% but they have promotions every 3 months for different things, so I always sign up for those (5% cash back). We just received a $160 credit on our most recent statement so I think it’s worth it!

By: Jason

Jason — Tue, 20 Jun 2006 22:05:28 +0000

Anytime I have to make a purchase and they allow credit cards I use them. No matter if its one dollar for mailing something at the post office or paying thousands for a major purchase like tuition. Also, whenever I’m out with good friends or family and they are going to use cash for something like groceries, gas, meals, etc, I’ll offer to pay and just get reimbursed. I hadn’t thought of paying other people’s bills though. I think I’d have to be pretty close or good friends to not be too embarrassed to offer.