Money Matters
pointsin2016
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
credit card points
Hey Everyone, I just received my Capital One Quick Silver card with 1.5 % cash back on all purchases. My goal this year is to move from the all cash system because i have never been into Swiping my debit card, and try to put as much as i can on the Credit Card to get some points. My problem is, I have never had a credit card before with cash back and I'm not sure how all of this would work as far as how much i need to spend to make it worth my while! i would love to make at least 100.00 back a month. All ideas and feedback would be Helpful. Thanks Nesties
Re: credit card points
I have a Capital One Quick Silver card also with the 1.5% cash back. It's worth my while simply because I automatically get 1.5% back on purchases I make. I don't strive to get any particular amount of cash back bonus per month. In fact, just the opposite, a month with less cash back bonus than usual is a good thing because it is a month I spent less money.
The cash back bonuses are also really easy to spend with Capital One. I'll go months and not check it, then one day it's like "surprise" I have $78 in cash back. I always use them as a statement credit...which takes just a few minutes on the phone. But you can also get a check for them.
Hey Everyone, I just received my Capital One Quick Silver card with 1.5 % cash back on all purchases. My goal this year is to move from the all cash system because i have never been into Swiping my debit card, and try to put as much as i can on the Credit Card to get some points. My problem is, I have never had a credit card before with cash back and I'm not sure how all of this would work as far as how much i need to spend to make it worth my while! i would love to make at least 100.00 back a month. All ideas and feedback would be Helpful. Thanks Nesties
If you normally spend nearly $7k a month then put it all on the card and get that cash back. But DO NOT spend money just to get the cash back or you'll put yourself in the hole.
We use a few different cards to maximize our rewards but we don't consider the cash back when deciding whether or not to make a purchase - we consider them when deciding what card to use. We don't go "well, it's $100, but we get 5% back so it's really more like $95". Nope - the cash back is bonus only for us. For example we had some ridiculous vet bills last fall and as I was paying the first one (of many...through tears because my dog was still in the ER and they won't do anything without prepayment) my husband had the wherewithal to stop me and throw down a card that was having a bonus for spending over $5k that month. We would not have gone shopping to get that bonus (he had actually thrown out the notice telling us about it without showing me because we weren't planning on spending that much that month) but hey...if I'm spending all that money anyways we at least got enough airline miles for a free flight!
Ditto the bolded. People who "work cards" and don't overspend with them do it by selecting the best card for the category of thing that they plan to purchase regardless. Also, the people getting free flights and such are usually bigger spenders in specific categories (travel) or else they can run a bunch of employer-reimbursed expenses through their own cards. H and I earn mad points by having some tens of thousands of dollars of reimbursable expenses each year. That's not our money though.
I like Ebates also. And MyPoints. Ebates gives cash back directly. MyPoints gives points for purchases that can be used to buy gift cards for dozens of different places. But the points they give for purchases are a fair amount in comparison to the amount of points needed for gift cards.
One of my best purchases for bundling deals was when I bought supplies for my deck. It was a $2500 purchase...but I got 5% back by paying with my Chase card (Lowes was a special category that month), 5% off from a coupon I purchased on Ebay for $2, plus 2% back from Ebates for clicking on the "Lowes" link through their site. 12% back on a large purchase like that...that I was making anyway...was a serious "cha-ching" moment for me, lol.
I've looked into them, as well as some of the other gift card sites, and just don't like it. The reviews I've seen complain about a lot of fraudulent cards being sold on those sites. And, while Raise guarantees the gift cards sold and are good about refunding customer's money when a card is bad, I personally just don't want to deal with all that.
I mean, if I could get a Walmart or Home Depot gift card for 30% off. I'd deal with the bad apples. But for 5-10% off a gift card? It's just not worth my time for such a minor savings if I end up with a bad card.
You should get a points card rather than a cash back card.
I was able to pay for my flights to & from Asia and our hotel for 10 days all on credit card points.
I can use my point to get monetary rewards too but it isn't worth it b/c you need so much points just to get something significant.
I literally use my credit card for everything but the points accumulate very quickly. I'm a fan.