Credit Card Reward Points

Hi!!


Credit card reward points, Oh what a wonderful thing. Get 5% back on gas and other qaulified purchases. We will save so much money!!!! WRONG!!!!


People are so funny. Lets go pay 35 dollars to fill up our tank and get 5% back. $1.75, In order to pay for 1 tank of gas you have to spend $875 in gas to get 1 free tank of gas. People tell me i can't look at this as an investment. But i disagree with them, You put gas in your car to go to work right? Your investing in gas to get a return (a paycheck) at work. Now i don't know about anybody else but i want a better return then 5% on my investments Your spending 875 dollars for a return of 1 tank of gas? Please!!!!! thats rediculous!!!

Now this one really makes me go A-wall, Flight miles on Credit cards....On Capital One's plan you have to spend $48,000 in order to get a 480 dollar ticket....Thats a really good deal at 14.40% interest.....NOT!!!

Credit card rewards do not out weigh the purchases you put on the card. On average people spend 15% more when they use a credit card, then with debit or cash. Because there is emotion when you use REAL money!!!

Oh and please don't post that if you pay the minimum each month the rewards are good. Cause if everybody paid the minimum the national savings rate would be more then 1%........The only person who wins with credit cards is the CREDIT CARD COMPANY...