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SVTPerformance's Chain of Restaurants
Road Side Pub
Advice with credit cards, and which ones?
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<blockquote data-quote="9397SVTs" data-source="post: 16721949" data-attributes="member: 143297"><p>While I don't have experience with cards that offer points or other "rewards", I have heard of studies that show people tend to overspend because of these incentives.</p><p></p><p>An example of what I am familiar with is Frys points. (grocery store) For every $100.00 spent, you save $.10/gal on gas. For an average fill up on my DD, I would save $.90- $1.00. Am I going to chase $100.00 increments all to save $1.00 on gas? I don't think so.</p><p></p><p>Don't fall for the hype. Do you think the CC industry is trying to help you with these rewards/incentives?</p><p></p><p>It's all about money.</p><p></p><p>Your money.</p><p></p><p>And how they can get their hands on it.</p></blockquote><p></p>
[QUOTE="9397SVTs, post: 16721949, member: 143297"] While I don't have experience with cards that offer points or other "rewards", I have heard of studies that show people tend to overspend because of these incentives. An example of what I am familiar with is Frys points. (grocery store) For every $100.00 spent, you save $.10/gal on gas. For an average fill up on my DD, I would save $.90- $1.00. Am I going to chase $100.00 increments all to save $1.00 on gas? I don't think so. Don't fall for the hype. Do you think the CC industry is trying to help you with these rewards/incentives? It's all about money. Your money. And how they can get their hands on it. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Advice with credit cards, and which ones?
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