Comments on: How Should You Spend Your Credit Card Rewards?

By: J. Money

J. Money — Fri, 12 Apr 2013 13:45:18 +0000

Yeah, that’s a great way to manage it too. Our USAA card does the same thing with our rewards – just knocks off part of our bill every year once time, it is pretty sweet.

By: Jon

Jon — Thu, 11 Apr 2013 13:48:21 +0000

I’m usually not interested in any of the gifts offered through my rewards program, so I just opt for the cash. Since I pay my credit card balances in full every month, I just apply the rewards to the credit card balance. I find it’s a good way of not wasting it on things I don’t really need. I don’t think of it as “I have some extra bonus cash in my checking account, what can I spend it on?” I think of it as “OK, my credit card balance is now $175 instead of $200, that’s pretty sweet.” And I pay off that $175 at the end of the month and continue spending/not spending as I normally would.

By: J. Money

J. Money — Thu, 10 Jan 2013 15:41:38 +0000

Hehe, indeed! I think my AMEX rewards can be used on Amazon too actually, now that you mention it… I should check next time I’m on to see how much I have!

Give your babe a kiss from me! :)

By: Melissa

Melissa — Thu, 10 Jan 2013 05:39:22 +0000

Our rewards allow us to directly spend them on Amazon so that’s usually what I use to pay for diapers. It’s nice using them that way directly on Amazon because for most of my other options I’d have to wait until I reached a certain threshold to redeem them but I can spend the full amount of rewards at Amazon whenever I want. Comes in handy when you have a kid who’s not yet potty trained ;)

By: J. Money

J. Money — Sat, 29 Dec 2012 19:47:43 +0000

Awesome! Going over now to check out, you’re too funny…

By: Lance @ Money Life and More

Lance @ Money Life and More — Sat, 29 Dec 2012 02:27:02 +0000

Your wish is my command. Check out my post from today to see how much cash back I earned in 2012 :)

By: J. Money

J. Money — Thu, 27 Dec 2012 20:11:43 +0000

@Lance @ Money Life and More – Nice timing! Though I don’t see how much you made in that post? I’m sure it’s alot knowing you, but now you’ve got me curious :)
@Erica – Ahh… I guess that’s good and bad, haha… gives you straight up cash but then “spends it” before you get a chance to do so otherwise! ;)
@Mercedes – I bet a lot!
@Emily @ evolvingPF – That’s a nice way of doing things too.
@Mrs. Pop @ Planting Our Pennies – Look at that! Perfect timing :)
@Michelle – Aren’t both of those the same thing?? :)
Hope you all had a wonderful holiday week! Thanks for always popping over to my blog :)

@Johnny @ Our Freaking Budget – I freakin’ love Macaroni Grill, esp. the atmosphere. Feels so warm and cozy in there!
@Judy B. – HAH! Awesome :)
@Edward Antrobus – Awww, I like that actually :) Nice “rewards” during the year rather than waiting at the end to have fun – that works!
@Cassie – Haha yeah, perhaps :) But is that necessarily a bad thing? Asking for permission to spend on yourself?
@Wayne @ Young Family Finance – That works too! :)

By: Wayne @ Young Family Finance

Wayne @ Young Family Finance — Wed, 26 Dec 2012 01:38:33 +0000

I like your advice, or lack thereof. It is a personal decision! We like to just use our rewards money as part of the money we use to pay off the credit card every month. It’s like a little discount on life!

By: Cassie

Cassie — Mon, 24 Dec 2012 21:54:49 +0000

It kind of sounds like they’re asking for permission to spend the money on themselves, which isn’t good :s I don’t personally have any rewards cards at the moment. If I did the money would be going towards paying off the last of my new to me car. If I was in the same position as I was a couple months ago before my car died, I’d probably use it to pay for a little bit of shopping and stocking up on Boxing Day.

By: Edward Antrobus

Edward Antrobus — Mon, 24 Dec 2012 20:59:42 +0000

We go with a middle path. We’ve been using money for date night, which is something we do regardless, but certainly isn’t a “necessary” item.