tag:blogger.com,1999:blog-2210539337830422784.post8182754709174380683..comments2009-01-10T08:47:28.675-05:00Comments on Card Fish: I don't know!Card Fishhttp://www.blogger.com/profile/02201040761910093558noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2210539337830422784.post-56108190545672009412007-12-29T12:06:00.000-05:002007-12-29T12:06:00.000-05:00Spending between 2-300 a run to Costco, the math s...Spending between 2-300 a run to Costco, the math says that my Executive Membership Amex card was worth the fee. It costs $100, at 2% back you need to spend $2500 a year to break even. We surpass that with 6 people and 5 pets in our home. The rewards check comes in. Simple. I have a Wachovia Visa that had earned thousands of points. It was obvious that they made it excruciating to find out how to redeem those points on their site. Finally, I got a human rep. on the phone and found out I could have a check sent instead of choosing something I didn't need. (My remaining points got me a solar calculator. Whoopee.) I keep the Visa anyway, but I'll keep a closer eye on my "rewards" from now on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2210539337830422784.post-28061033073006775862007-12-29T10:15:00.000-05:002007-12-29T10:15:00.000-05:00Rico my man, It comes down to this - you've got to...Rico my man, <BR/><BR/>It comes down to this - you've got to do the math because, I assure you, the banks are doing THEIR math.<BR/><BR/>Ask yourself what's most important - toasters? Hotel rooms? Airline tickets? Cash Back? There are cards out there that cater to each of these. Although most "rewards" cards will claim to offer a little bit of each, you need the card that specializes in what you ultimately want to redeem for - that's my secret. I focus on one type of reward only (hotel stays) and I use only one of the specialty cards (Marriott). Then, I find the 'deals' out there that my card has made with big vendors that earns me extra points - in my case, marriottrewardsmall.com. I get 2-8 extra points per dollar spent. As a result of the way I use my card and redeem my points, I effectively get a 5-10% discount on all my purchases by converting the point value into hotel vacations (compare that to an average of 0.7-1.0% for other rewards cards!!!). So, for me, I am doing up to a 1000% better than the average guy.<BR/><BR/>Again, just do your math.<BR/><BR/>Sincerely,<BR/><BR/>Hugh G. Fallis, credit card expert and world traveller extraordinaire.Hugh G. Fallishttps://www.blogger.com/profile/08869625251978781114noreply@blogger.com