Comments on: Do You Make This Dangerous Credit Card Mistake? http://www.moneyunder30.com/rewards-credit-cards-reasons-avoid Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Pete http://www.moneyunder30.com/rewards-credit-cards-reasons-avoid/comment-page-1#comment-4171 Pete Thu, 21 Jan 2010 13:08:41 +0000 http://www.moneyunder30.com/?p=4200#comment-4171 The only point that resonated with me is the tendency to overspend. I have a great rewards card -- it's a Fidelity Amex card that pays 2% on everything from the first dollar. I pay if off each month so I incur no interest and it has no annual fee. The best part is it is linked to my Fidelity Roth IRA account, so all my rewards cash goes straight into my retirement. I love it. But I have noticed a tendency to make more impulse purchases and to justify them in part by the knowledge that a tiny fraction of the purchase price is going into my IRA. The only point that resonated with me is the tendency to overspend. I have a great rewards card — it’s a Fidelity Amex card that pays 2% on everything from the first dollar. I pay if off each month so I incur no interest and it has no annual fee. The best part is it is linked to my Fidelity Roth IRA account, so all my rewards cash goes straight into my retirement. I love it. But I have noticed a tendency to make more impulse purchases and to justify them in part by the knowledge that a tiny fraction of the purchase price is going into my IRA.

]]> By: Justin http://www.moneyunder30.com/rewards-credit-cards-reasons-avoid/comment-page-1#comment-4137 Justin Mon, 18 Jan 2010 18:55:30 +0000 http://www.moneyunder30.com/?p=4200#comment-4137 I've been trying to talk myself into getting a better rewards card but I'm not sure I can be trusted to make it work for me. I wonder how large a balance I could carry while still earning more in cash back than I lose in interest/finance payments...something I should figure out before I apply, I guess. I’ve been trying to talk myself into getting a better rewards card but I’m not sure I can be trusted to make it work for me. I wonder how large a balance I could carry while still earning more in cash back than I lose in interest/finance payments…something I should figure out before I apply, I guess.

]]> By: mom+4 http://www.moneyunder30.com/rewards-credit-cards-reasons-avoid/comment-page-1#comment-4131 mom+4 Sun, 17 Jan 2010 06:31:05 +0000 http://www.moneyunder30.com/?p=4200#comment-4131 I had that same problem. Sometimes you have to apply for some of these cards that charge a yearly fee. They usually approve you no matter what. Just pay ontime ALWAYS. Now I have my own stay at home business with a GREAT coach to teach me and I don't have to worry about credit or MONEY. You should check them out at www.suremoneymakers.com I had that same problem. Sometimes you have to apply for some of these cards that charge a yearly fee. They usually approve you no matter what. Just pay ontime ALWAYS. Now I have my own stay at home business with a GREAT coach to teach me and I don’t have to worry about credit or MONEY. You should check them out at http://www.suremoneymakers.com

]]> By: Jerome http://www.moneyunder30.com/rewards-credit-cards-reasons-avoid/comment-page-1#comment-4127 Jerome Sat, 16 Jan 2010 10:24:25 +0000 http://www.moneyunder30.com/?p=4200#comment-4127 1. No 2. No 3. No 4. Nope LMAO over the daily flood of sob stories I see in "personal finance" blogs and by supposed "experts" on the subject at the PF magazines. This recession is doing a tremendous job in showing exactly why our friends, neighbors, and colleagues always had us wondering how they could ever afford things when we knew they didn't have more income than us...they couldn't. 1. No
2. No
3. No
4. Nope

LMAO over the daily flood of sob stories I see in “personal finance” blogs and by supposed “experts” on the subject at the PF magazines.

This recession is doing a tremendous job in showing exactly why our friends, neighbors, and colleagues always had us wondering how they could ever afford things when we knew they didn’t have more income than us…they couldn’t.

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