I have had a credit card with rewards for years now but I had just let them pile up in hopes to earn enough for a free trip. Since it is an AMEX though it was though to accumulate points as most places wouldn't accept it. I gave up on the dream after a while and ended up with about 10K points.
After coming to this site I realized I should pay more attention to my rewards and so I investigated and found out I could convert them for almost 100 in cash. That was pretty exciting so I immediately cashed them in. That's just 100 more toward my savings goals almost effortlessly. Then I went to two more rewards programs I participate in and found that I had almost 60.00 in rewards that I had not claimed yet. That is going into the Christmas fund. How exciting. In about a half about I had an extra 160. I really need to stay on top of those rewards!!
Rewards, oh sweet rewards
September 25th, 2013 at 05:34 pm
September 25th, 2013 at 05:40 pm 1380127210
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September 25th, 2013 at 05:44 pm 1380127443
Just a thought.
Congrats on collecting your money. I love rewards, they certainly are sweet.
September 25th, 2013 at 05:52 pm 1380127935
September 25th, 2013 at 05:55 pm 1380128147
At my last contract job I paid it off and didn't use it for a full year. This year they sent me my new card as the other had expired and I told them there was no reason for me to activate it unless they lowered my interest rate or converted it into a rewards card. So they converted it. They mentioned that if I use it more they might consider lowering the APR so during my medical crisis I used it so I wouldn't have to carry around so much cash in my pocket and transferred the money over from my bank account. Problem was having it in my pocket I somehow racked up an extra 500 besides that. I just paid the 500 off last week and decided to use it again this week for my baseball ticket but as of 10/5 it will be paid off again, and its out of my wallet so I don't inadvertently rack up any extra money on it. The thing that makes me most angry about that interest rate is that it is from one late payment 6 years ago. I had a bad crisis that left me broke and so I couldn't make the payment and they hiked up my rate and have refused to lower it. But at least now I have rewards.
Also by the times the rewards actually process the card will have already been paid off by my paycheck.
September 25th, 2013 at 09:23 pm 1380140594
Is your credit score good now? If so, there are 0% balance transfer offers out there. If you could get the debt on CC2 financed at 0% for 12 or 18 months, that would make it easier to pay off.
September 25th, 2013 at 10:39 pm 1380145180
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September 26th, 2013 at 01:07 pm 1380197253