Re:Why Don't People Manage Debt Better?
by lr4444lr on Friday February 19, 2016 @07:01PM
(#11137721)
Capital One has a 1.5% cash back on all purchases card. I put everything I can on it, and pay off in full very month on time. Does the prospect of paying only 98.5% of almost every price before your eyes not interest you? If not, then I don't know much what will. Your financial prudence will be rewarded with these residuals if you help the banks get their merchant fees. Over a lifetime, it can add up, and the fraud protection is great peace of mind.
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Re:Why Don't People Manage Debt Better?
by fredophile on Friday February 19, 2016 @09:09PM
(#11138312)
Citi has a 2% card. If you spend a lot in a particular category such as gas or groceries it isn't hard to find a card that will beat this.
Re:Why Don't People Manage Debt Better?
by packetslave on Friday February 19, 2016 @09:04PM
(#11138286)
yep, and Citi has a 2% cash back (1% at purchase, 1% when paid). Discover is 5% back on a different category each quarter (and Q4 is Amazon), and Amazon's store card gives you 5% statement credit on everything you buy.
Re:Why Don't People Manage Debt Better?
by merpnderp on Friday February 19, 2016 @08:44PM
(#11138228)
That's got to be some sort of opportunity for arbitrage.
Re:Why Don't People Manage Debt Better?
by theunixbeard on Friday February 19, 2016 @09:56PM
(#11138512)
Check out https://www.reddit.com/r/churning and specifically look out for "manufactured spending".