My banking institution has been sending me advertisements both online and via U.S. mail lately about their latest credit card points system. The cost of the points club program is $1.00/month or $12.00/year.
When I looked further into the program, the fine print read that only 1 point was earned for every $4.00 spent. Then I look over at the reward list and note that I can receive a $100 Cash Rebate for 10,000 points or $40,000 dollars spent. So that would be net $88.00 for the year if I spent $40,000 on my credit card.
I don't mean to sound lame, but there have got to be better ways to earn $88.00 during the year, don't you think? I'd love to get some feedback on this one. Let me know what you think.
Subscribe to:
Post Comments (Atom)
3 comments:
That's ridiculous. It sure pays to do the math, doesn't it?
I agree about doing the math, Pat. Four years ago this summer, I gave up a high paying job in Downtown Houston.
Now I live closer to my job and have a bit more time to think through my finances. In my former fast paced lifestyle, I would have paid the $1.00 a month and thought I was getting a bargain.
I have a Citi Mastercard that pays me 1% on everything I buy or pay for. I pay in full every month, and get $50 to $90 actual real hard CASH back aboit every 3 or 4 months, depending on how much I use the card, I have gotten as much as $300 in one year.
Jim
Post a Comment