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Why I Don’t Use Credit Card Rewards Programs

Prairie Eco-Thrifter

I remember the old S&H Green Stamp days when folks would paste their little green stamps (which they go from buying stuff) in a book which could then be redeemed for more merchandise available from the catalog. Credit card rewards programs are no different. The rewards encourage you to charge things on their card.

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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

However, I wasn’t running my finances as well as I could have been, and I’ve probably missed out on between $10,000 and $15,000 as a result of paid fees, paying too much in interest, and credit card rewards that I could have had. Why I Don’t Use Credit Card Rewards Programs. Money Tips'

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Reasons to Avoid Debt in 2014

Prairie Eco-Thrifter

Between credit card offers in the mail promising great rewards and the ability to borrow money for next to nothing, debt can be enticing. When I was 18, I got my first credit card. As a result, I ended up getting myself into a couple thousand dollars worth of credit card debt on things that I didn’t need.

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Why I Don’t Use Cash Back Credit Cards

Prairie Eco-Thrifter

Soon my wallet was filled with paper and plastic cards, which I sometimes forgot to present when buying my ticket. When I tried to book flights with my miles, I either didn’t have enough on the right airline, or my date was a black out date. ” You probably do use cash back cards. How much do you actually earn?

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Best Credit Cards – December 2023

Savings Corner

The bank that issued your credit card sends money for the purchase to the merchant where the transaction took place. The transaction shows up on your credit card statement, and you repay the bank for the purchase. Rewards come in two basic flavors: Cash back. You redeem rewards by logging into your account online.