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Credit Card savings

November 11th, 2005 at 12:16 pm

Another savings started this week.

We called the number on the back of our credit cards and had them convert the cards into 5% cashback dividend rewards cards. The interest is slightly higher than on "stuff" reward cards, but we pay off our balances each month, so that's not an issue. And I need the cash, not the STUFF.

Our banker advised us to change all four cards, since each one has a separate cap on total cash back. We can use each card to receive the max, and 5% cash back on groceries and gas is great.

Another advantage, I used the online account management to set up alerts if we charge/spend more than a certain amount in a certain period (week, month), if we are within so many dollars of our credit limit, weekly updates on the balance, etc. Nothing like an email alert to remind you to STOP SPENDING, and to track your balance, especially during the holidays!

1 Responses to “Credit Card savings”

  1. Anonymous Says:
    1131916111

    I love alerts for credit cards. I have a credit card with a $15,000 limit that I don't use, and I'm always worried about someone stealing my identity and charging it up. I was looking at the balance online every few days, but then I set up an activity alert. What a time-saver!

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