Comments on: Credit Card Cashback Update

By: LAL

LAL — Wed, 28 Jan 2009 15:47:11 +0000

I spent over $20k on tuition for my DH’s MBA alone last year. So while our personal spending wasn’t ridiculously high and I might make back $500, the bulk of our spending was preplanned tuition expenses.

I wrote a post on what an MBA has cost us thus far and it’s around $1k a month for a part-time MBA.

So everyone who wants to know? You can either be paying what we are in tuition or keep your money. I’d rather keep the money but at least my DH is happy.

By: Jenny

Jenny — Wed, 28 Jan 2009 10:35:40 +0000

I have a pcfinancial mastercard (Canadian) and I have had it for almost 2 years, and have gotten 300$ worth of points. These points can be redeemed at a large grocery/household items store that I often shop at so they can be used with no extra spending. With this card you get a certain amount of points per dollar spent on the card anywhere, more for money spent at their store, and even bonus points for bringing reuseable bags with you when you shop there (awesome). And you don’t have to redeem the points before you can use them, just tell the cashier as you are checking out that you want to use your points.

By: Miss M

Miss M — Tue, 27 Jan 2009 20:57:43 +0000

I get about $500 a year back on a chase freedom card. How do you get $2000 back? I know some places you can pay your mortgage or rent with your credit card, that would be nice

By: Start-Up

Start-Up — Tue, 27 Jan 2009 19:41:39 +0000

I can’t say that I know how much I made in cash back over the past year. I use the costco/AMEX business card to get 5% on gas and 3% back at restaurants. I don’t have to reach a plateau to start getting the high cash back rates.

By: Matt Ranlett

Matt Ranlett — Tue, 27 Jan 2009 19:37:14 +0000

This year I’m at $500 in cash back from my Chase Visa Freedom card and an unknown number above $0 from my Amex card. Just like Philip I was able to turn two different $200 payments into $250 each (I just did them at one time).

LAL making two thousand dollars is impressive and reflects an enormous amount of spending. I’d love to see tips on that while not carrying a balance.

By: LAL

LAL — Tue, 27 Jan 2009 18:42:59 +0000

I think I made $2k last year in cash back. Nice.

By: Kelly

Kelly — Tue, 27 Jan 2009 16:25:02 +0000

We use discover and we love the cash back. A few months ago, we could have cashed out $80, but a few businesses offer more money if we use our cash toward their gift cards. Pier 1 was offering an extra $20 on a pier 1 gift card, so I now have $100 in free money to go toward decorating the house. I do a lot of my shopping at pier 1 anyway, so it was perfect for me!

By: Philip

Philip — Tue, 27 Jan 2009 15:37:20 +0000

With chase freedom it is not based on the year like that. Just today I get to claim my second $250 check for 200 points with my card that I have had since last march so right now I am at $500 in 10 months. I use that card for practically everything!