Most of you guys have seen me post about paying bills and using the Cabelas card for business purchases. I have over 700 bucks available in Cabelas cash now. The funny thing is, I don't want to cash them in and start over. I think I'll keep building them up until I find something in the catelog I want
Same thing here JC. We have Canadian Tire stores here that give you Canadian Tire money you can use to buy things with. Last time we bought 4 new snow tires for the truck. I agree with you save it until you can find something that you really can use or need.
Rule over the fish of the sea and the birds of the air and every living creature that moves on the ground. Genesis 1:28 The Lord God used animal skins and made some clothes for the man and his wife. Then he put the clothes on them. Genesis 3:21So take your bow and arrows and go hunting and kill an animal for me to eat. Genesis 27:3
I'm talking credit cards that give you cash rewards on your purchases. Instead of paying my bills and business expenses with a check, I pay with a rewards card and earn money. In this case, the Cabelas card earns Cabelas cash that can be spent on Cabelas stuff. I have a free 700.00 Cabelas shopping spree I can do that won't cost me a cent. I'ts just too darn cool man ;D
Excellent! I started using an Amazon card because there were more items that Amazon carried that I wanted. I think the points accumulate faster too. I get three times the points on gas purchases for instance. They add up fast.
And I totally understand not wanted to cash them in. It's usually followed by an empty feeling that I can't really describe.
Use it up, wear it out. Make it do, or do without![/b]
It's usually followed by an empty feeling that I can't really describe.
Just like when I empty the shed and send the fur to the auction. I lse the drive after that. I love being in th shed with fur everywhere.
I had thoughts of using a different card with higher rewards but I really enjoy the way the Cabela folks handle my account. There's never any bait and switch or hassle of any kind like I've had with other cards. I need a windshield for my quad but don't want to cash my points in yet.
lots of supermarkets and fuel stores offer fuel perks for shopping there. If I have a project where I need to go to Lowe's or Home Depot, or am going to take the wife out to dinner, I go to the gift card isle, buy the amount of cards I need, and double score. I get fuel perks for shopping at the store, and get points on my Cabela's card. Win-Win Get my gas cheaper, and Cabela's stuff for free.
1. Over any given period of time....if you carry plastic as opposed to "real" currency...you will always spend way more with the plastic.
2. People who pay off their monthly balance (like you guys) are in the minority and reaping the benefits from the sheeple who accumulate debt on the cards and pay the criminal usury of up to 29% interest.
The average US household credit card debt according to the federal reserve is over 15,000. Average mortgage debt is about 150,000 Average student loan debt is about 32,000.
In total consumers owe about 11 trillion in consumer debt. 857 billion in credit card debt 8 trillion in mortgages 1,049 billion in student loans
Consumer debt in recent years has held steady or ticked down a bit. The reason is because of defaults not because people are becoming more frugal or responsible with their credit. Banks are targeting the small group of consumers who are just approaching default but are still spending and accruing interest. These are the most profitable clients because they make the bank bigwigs look good so they can get huge bonuses. Programs like the special credit cards that accrue points or store credit are bait for the indebted.
Kind of ironic huh? Not unlike the lottery or selling alcohol to the alcoholic.
The longer you hold the 700 dollars the less buying power you have with it. Next year at this time the price of something you want will definitely be higher.
You can barter with that and maybe get more out of it.
I love sheeple, lol! I had a bad experience several times over the last 35 years with credit cards. I got in trouble early on in my credit life, and lucky for me, I had a father, who did not go to accounting school, handled his money better than anyone I know. He always said let your money work for you. Save till you have enough to buy what it is you need, "but a man has to separate his wants from his needs". Strong advice. I now am in the situation, where this year I've paid for 2 semesters of college for my daughter with my plastic, and been rewarded with points. I also paid the bill off as you stated. Next week, I'm dropping on a new 70 hp Yamaha for my boat, the same way. Credit is hard to learn, but simple concept. Only buy if you can pay it off.
Last Edit: Mar 8, 2014 22:30:45 GMT -5 by thebutcher