Anyone Here Utilize Cash Back Credit Cards?

[Charoite]

My American Express card earns 6% cash back on groceries and 3% cash back on gas. I also have a Discover and Chase that earn 5% in rotating categories (gas, Walmart, etc).

I only use my credit cards for things I would have purchased anyway. By the end of this year I'll have accrued almost $700 in cash back.

Anyone else enjoy cash back credit cards?

I have an Amazon card that gets points back. The degree of points back depends on where things are bought and if I have an active Prime membership it's more.

[Bill]

I think the Vendor has to pay a small percentage to the Credit Card companies. So it's in the interest of the CC company to incentivize your use of 'plastic' rather than 'green dollars'.
(I'm guessing the Vendors just tack on the 'cost' to the price. In the end, the Little Guy that pays cash, ends up paying more)

Yep.. I use it for everything......

[Bill]

No, boy, the ones paying cash don't tie themselves to that credit card company.

I have bought cars using a CC....... 1-3% off of that price-take your shoes off & do the math.....(I pay off the card every month )

You are a dummy w/ no cred, kinda like here...............

[Bill]

Establishing 'Credit' gives you a 'Track Record'. It will help lower your Auto Loan and Mortgage. Lenders like to know who they are dealing with.

I would not assume he is owning a home or a vehicle........... The public transit in lower rural Mississippi is great this time a year..

[Celticguy]

I'm not sure that will resonate with CFM.

Well just the reality of the matter.
High charges kept AmEx from being accepted by low margin providers like grocery stores for ages. But dem legislation has changed the playing field and now every card is charging too much so we all pay the price.
Whenever the donkeys say theyre coming to help the poor comsumer, its really just the opposite.

[Jack]

Well just the reality of the matter.
High charges kept AmEx from being accepted by low margin providers like grocery stores for ages. But dem legislation has changed the playing field and now every card is charging too much so we all pay the price.
Whenever the donkeys say theyre coming to help the poor comsumer, its really just the opposite.

Wait!
Just because Biden is from Delaware, home to the Credit Card industry, do you think there's some kind of 'influence' going on.

[Celticguy]

I'm not sure that will resonate with CFM.

Wait!
Just because Biden is from Delaware, home to the Credit Card industry, do you think there's some kind of 'influence' going on.

Not Pedo Joe. Legislatively he never did anything.

[Bill]

I'm not sure that will resonate with CFM.

I was thinking hammer but could not decide if claw or ball-peen??

[ThatOwlWoman]

My American Express card earns 6% cash back on groceries and 3% cash back on gas. I also have a Discover and Chase that earn 5% in rotating categories (gas, Walmart, etc).

I only use my credit cards for things I would have purchased anyway. By the end of this year I'll have accrued almost $700 in cash back.

Anyone else enjoy cash back credit cards?

Yep. I pay my balance off in full each month so never pay any interest. The cash back I let accrue and use for Xmas gifts for my g-kids. Pretty cool way to do business.

[CFM]

To get the kick back.
Of course you already overpaid as the credit card fees are built into the cost.
So by paying cash you forfeit that money.

In many cases, cash can get you a better price.

[CFM]

So sad you have to rely on credit.

[Jack]

I was thinking hammer but could not decide if claw or ball-peen??

Very good. I had an encounter with some pissed off Biker guy in front of an Oil Refinery. I had my Tool Belt, Lunch Kit, and a Newspaper. He charged up behind me yelling something. I spun around, dropped my Paper and Lunch Kit and pulled out my hammer. I said "This is a 22 ounce checker head straight claw, do you want the head (then I flipped it in the air and caught it with the claw sticking out) or do you want the straight claw? hahaha. He stood there with big open eyes. Then I took a few steps toward him and he backed off.
Later that day I heard he called the Cops on me. Said I threatened him. Too bad for Tricycle Boy, the Security Guard saw everything and said Biker Boy was the Instigator.

[CFM]

Establishing 'Credit' gives you a 'Track Record'. It will help lower your Auto Loan and Mortgage. Lenders like to know who they are dealing with.

I don't have an auto loan or a mortgage. Maybe you didn't read. I pay cash.

[CFM]

I have bought cars using a CC....... 1-3% off of that price-take your shoes off & do the math.....(I pay off the card every month )

You are a dummy w/ no cred, kinda like here...............

I've bought cars paying cash and got a lot better deal than that.

The difference between someone like you that uses a credit card and someone like me that uses cash is you're still tied to the CC company with the possibility of not paying it off and I'm not. You are the dummy that likes being controlled, kinda like I do with you on this forum.

[Jack]

I don't have an auto loan or a mortgage. Maybe you didn't read. I pay cash.

Most people can't afford to 'pay cash' for a Car or Home. Plus, putting that same Money into the Stock Market would get you a better Return on your Capital.