Page 2 of 2 FirstFirst 1 2
Results 16 to 21 of 21

Thread: Credit Cards

  1. #16
    Rep Power
    9

    Dobber Sports Blue-Chipper

    Default Re: Credit Cards

    Quote Originally Posted by forumname View Post
    What does this mean?
    Yeah what lol

  2. #17
    Location
    Prairies
    Rep Power
    40

    Dobber Sports Demi-God

    Default Re: Credit Cards

    In the US, different cards have different perks - so the best-of-the-best spending gurus have between 2-4 cards in their wallets.
    I don't know if this exists in Canada.
    [My fave website for general penny-pinching, here in US, is www.clark.com, they go over this stuff often - and other general money things, like advising me that I should freeze my credit after the info-leak that I was unlucky to be a part of!]

    Our family has:
    *AmEx - which has 6% off at grocery stores, 3% off at gas stations. $95/annual fee, but we max out the grocery savings 6% x $6000/yr = $360... and that pays for the annual fee and still equates to about 4.4% net grocery discount.
    *TargetRedCard - which is 5% off at Target. We buy a lot of groceries there too as well as general toiletries and kids clothes.
    *USAA - 2.5% everywhere with $1000/direct deposit monthly to USAA account.

    Summary is:
    5% off whenever going to Target
    4.4% off (effective) when getting groceries elsewhere
    3% off gas
    2.5% off everything else

    IIRC, most credit cards take 2%-3% from the merchants who run their cards...
    So offering the consumer 1% really isn't a big offering... in the grand scheme of the spending show.
    Quote Originally Posted by bondon View Post
    I'm currently using a 1% cashback card
    One real cool trick is this: If you can get a really good "grocery" card, then you use that to buy "gift cards" at a grocery store that you KNOW you will spend (and not lose, or not spend all of... I hate gift cards...).
    Like $100 at HomeDepot, well, if it is bought at grocery store at a 5% discount, then you really are only paying $95 for $100 of HomeDepot spending!

  3. #18
    Location
    Chicago
    Rep Power
    50

    Dobber Sports Sage

    Default Re: Credit Cards

    Quote Originally Posted by Mr. Guru View Post
    A no fees card that gives you 1% IS awful.

    Invest in your spending and you should be able to get more than what these companies are offering
    I'm also waiting to hear what this means.
    10 Team, 60 Player Roster
    G, A, PTS, PPP, PIM, BLKs, Hits, +/-, Shots, W, GAA, SV%, Saves
    C- JHughes, Trocheck, RThomas, Zegras, Norris, Bennett, PLD, Stephenson, Danualt
    RW- Raymond, Stone, TWilson, Toffoli, KJohnson, Nyqvist, Zary
    LW- Keller, Schmaltz, Bunting, Skinner, Barbashev, Duclair
    D- QHughes, McAvoy, Doughty, Heiskanen, LHughes, Mintyukov
    G- Shesterkin, Demko, Andersen, Kahkonen, Levi, Tarasov, Annunen

    Notable Prospects- Nikishin, Kulich, Leonard, Wood, Perreault, Lekkermaki, Ostlund, Othmman, REvans, L-Heureux, Ivanov, Murashov

  4. #19
    Rep Power
    50

    The Magnificent One

    Default Re: Credit Cards

    I don't have advice in terms of specific cards, but I highly recommend trying to own two credit cards. One you use ONLY online, and the other you NEVER use online. And the online one should have a low limit in case it gets compromised.
    DobberHockey Senior Writer (columnist since 2012)
    Click here to read my weekly "Roos Lets Loose" columns, going live every Wednesday morning and consisting of a rotating schedule of a "forum buzz" column, a fantasy hockey mailbag, a tournament/poll, and an edition of Goldipucks and the Three Skaters: https://dobberhockey.com/category/ho...key-rick-roos/

  5. #20
    butch's Avatar
    butch is online now
    Join Date
    Mar 2007
    Posts
    7,123
    Location
    ohhh ,canada
    Rep Power
    50

    Dobber Sports Master

    Default Re: Credit Cards

    Quote Originally Posted by RizzeeDizzee View Post
    I don't have advice in terms of specific cards, but I highly recommend trying to own two credit cards. One you use ONLY online, and the other you NEVER use online. And the online one should have a low limit in case it gets compromised.
    thats actually solid advice regarding the ''online only'' angle with low limit .

  6. #21
    Mr. Guru's Avatar
    Mr. Guru is offline
    Join Date
    Aug 2009
    Posts
    9,529
    Location
    Toronto
    Rep Power
    50

    The Great One

    Default Re: Credit Cards

    Quote Originally Posted by Pengwin7 View Post
    In the US, different cards have different perks - so the best-of-the-best spending gurus have between 2-4 cards in their wallets.
    I don't know if this exists in Canada.
    [My fave website for general penny-pinching, here in US, is www.clark.com, they go over this stuff often - and other general money things, like advising me that I should freeze my credit after the info-leak that I was unlucky to be a part of!]

    Our family has:
    *AmEx - which has 6% off at grocery stores, 3% off at gas stations. $95/annual fee, but we max out the grocery savings 6% x $6000/yr = $360... and that pays for the annual fee and still equates to about 4.4% net grocery discount.
    *TargetRedCard - which is 5% off at Target. We buy a lot of groceries there too as well as general toiletries and kids clothes.
    *USAA - 2.5% everywhere with $1000/direct deposit monthly to USAA account.

    Summary is:
    5% off whenever going to Target
    4.4% off (effective) when getting groceries elsewhere
    3% off gas
    2.5% off everything else

    IIRC, most credit cards take 2%-3% from the merchants who run their cards...
    So offering the consumer 1% really isn't a big offering... in the grand scheme of the spending show.


    One real cool trick is this: If you can get a really good "grocery" card, then you use that to buy "gift cards" at a grocery store that you KNOW you will spend (and not lose, or not spend all of... I hate gift cards...).
    Like $100 at HomeDepot, well, if it is bought at grocery store at a 5% discount, then you really are only paying $95 for $100 of HomeDepot spending!
    Bingo

    What I meant to say was that you really need to research your own lifestyle and pick the best card from there. There is probably over 100 different reward type of cards in circulation (in Canada alone) and each has their own advantages.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •