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| Best Reward Credit Card of February 2008 |
| Citi Diamond Preferred Rewards Card |
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50% |
[ 3 ] |
| Chase FreedomSM Cash Visa Signature Card |
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0% |
[ 0 ] |
| Discover Open Road Card |
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50% |
[ 3 ] |
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| Total Votes : 6 |
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Alex
Joined: 03 Oct 2007
Posts: 17
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bigD
Joined: 05 Feb 2008
Posts: 50
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nima
Joined: 04 Feb 2008
Posts: 16
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 Posted: Thu Feb 07, 2008 5:57 pm Post subject: |
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| Quote: |
| "Rewards Credit Cards" is really rewards for banks to have you as a cardholders. |
Partially, I agree with this statement, but there's nothing for free in this world, especially, when we talk about credit cards.
Take it more positevely, banks let us to use their money by the mean of credit cards. For spending the big amount of money they reward us because bank don't want to lose clients. They issue rewards credit cards to keep people interested in their products, and to make card holders to spend more and pay on time! |
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Steve B
Joined: 06 Feb 2008
Posts: 46
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| Posted: Sun Feb 10, 2008 10:57 am Post subject: |
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nima,
I agree with you on some points you made, however I find it hard to believe that you can earn any substantial rewards using those rewards credit cards. I mean they basically give you about 1% of what you spend in form of rewards and perks...really need to spend lots of money to get anything back. |
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Ramond V
U POSTER
Joined: 20 Nov 2007
Posts: 31
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| Posted: Mon Feb 11, 2008 12:24 pm Post subject: |
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Right, 1% is not much, but it's better than nothing. You spend that money anyways. Why wouldn't you get some of it back?
| Quote: |
| Credit card companies do not let you earn any rewards without making money on it, so I think that the term "Rewards Credit Cards" is really rewards for banks to have you as a cardholders. |
... and this is not a secret. It shouldn't come as a surprise that credit card companies make money on the services they provide. If one doesn't need a credit card, he or she shouldn't get it. In most cases credit cards are used for borrowing money, rather than an easy way to pay for purchases. You borrow money, you pay the juice! 
Getting a credit card just to claim some rewards doesn't make much sense either, if you paying interest on the balance. Control yourself, reward yourself! |
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admin
Site Admin
Joined: 03 Oct 2007
Posts: 184
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| Posted: Mon Feb 11, 2008 12:28 pm Post subject: |
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| This topic is getting close to the subject that was recently covered in our blog. Read this article to find out who pays for your rewards credit card. >> Free Credit Cards |
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