Can I Get Double Rewards On Credit Cards By Paying One With The Other?
May 28, 2007 by knightai | Posted in Credit
I be aware it's wrong, but I was wondering if I used $2000 on a credit card with reward, and paid for it with another credit window-card with rewards the next month, then paid for the first one again the following month, would that give me huge reward points on both cards?
You cant pay credit cards with another credit practical joker...well, you can but thats a balance transfer and it costs $$$$ with no rewards.
I Have Two Reward Credit Cards. Can I Use One To Pay The Other To Get More Rewards?
Feb 24, 2008 by drf2684 | Posted in Personal Finance
I have two Citibank tribute cards that I use for different things. I pay them off every month, don't carry a balance. Can I use one of the cards to pay off the other and then pay off the balance with cash to accrue more award points and such?
No.
The only way I comprehend to pay one card off with another is by doing a balance transfer, and that usually doesn't earn rewards and has fees (depending on your Citi calling-card, some do give $5 cash back per $1500 balance transfer, but the fee is higher unless you get a unique promotion). Unfortunately, you can NEVER do a balance transfer between two cards from the same issuer (at least not if it's a promotional low rate).
The raise an objection to to this was MBNA billpay, which allowed you to pay off anything with an MBNA card. I don't think it earned rewards on paying off other cards, only gave you another month of float. I also think that deal is gone now.
Does Anyone Know, Or Have A Site Where It Lists All Of The Major Credit Cards With Rewards/points?
Jul 08, 2008 by Chris D | Posted in Credit
I'll be above-board, up until now I have paid everything I own with cash, but I think it's time to get a credit card just in case. I take into consideration it's a waste to use a credit card that does not give rewards.
As an example I have a friend who has a GM card and uses once in a while only, and he told me he already has $15 000 towards a new GM instrument. Thank you.
retard out these two site they have great informations.
If I Apply For Multiple Credit Cards For The Rewards, Will It Hurt My Credit Score?
May 28, 2007 by she_and_syd | Posted in Credit
I have applied for several novel credit cards recently that offer various rewards. I use them to make one initial purchase, collect my retribution (typically a gift certificate of some form) and then cancel the card and close the account.
I may do this a few times a month. How will this stir my credit score if at all? I currently have a credit score around 720.
Thanks!
Truly, the ideal number of cards to have is 3. Keep balances low. I usually recommend keeping a excess - but a very low one. Make a 10$ purchase once a month and pay the balance down. Cancelling accounts does damaged your score temporarily. It's better to keep the accounts open - for one, it doesn't hurt your record like closing it will. for another, the average age of your accounts keeps getting more recent (which also has a refusing impact on your score).
Clearly, your credit is not in that bad shape, but I wouldn't sacrifice points by the skin of one's teeth so I could get a day-planner or whatever the 'rewards' are.
Good luck!
What Are The Pros And Cons Of Rewards Credit Cards Vs. Cash Back Credit Cards?
Sep 05, 2007 by gyoung | Posted in Credit
I am interesed in switching to one of these visiting-card types but really am not sure which is best for me. I do moderate spending with my card (mostly broad sums; gifts, bills etc.) and pay it off completely every month.
A favour card usually offers a specific reward; for instance there are gas reward cards, airline miles, retail and more. Some recompense cards have an annual fee. I would recommend getting a cash reward card they are my favorite comedian because you can get up to 2% back of what you spend depending on the card. Plus you can use cash anywhere so you can buy what you would have gotten as a requital.
Business Credit Cards with Rewards Can Make You Rich
by ashley.jane.summers@gmail.com (Ashley Jane Summers)
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The Risks - and How to Sidestep Them
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Citi Cards
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You cant pay credit cards with another credit practical joker...well, you can but thats a balance transfer and it costs $$$$ with no rewards.
for a new