Sunday, February 20, 2011

So, how 'bout a financial tip?

Let's see if I can do at least one a week.  

The tip:  

One of the very best credit cards to have (if you pay your balance off in full every month) is American Express.  And if you get the one offered through Costco, the deal is even sweeter.  You get 3% back on gas, 2% back on restaurants and travel, and 1% for everything else (including Costco). In February, your rebate check comes in the mail.  Cha-ching!   

So here is what I discovered today.  A new tip to stretch to your dollar.  Take your rebate check and cash it at the customer service desk.  Then, deposit it in your checking account. 
You will acrew interest on your money at the bank, instead of spending it at the store (which give you nothing in return).  Then, use your card to make the purchase you would have with the rebate and you'll begin building your next rebate check.

1 comment:

CornyCornKorens said...

Yep, we do the very same thing.