|
It is good IF you pay off the bill in full when it comes . If you pay right after the bill comes , there will be No % charges posted .
If you charge $500 , put that $$$ in an % bearing savings .
When the bill comes , pay the $500 and you will at least have some % earnings from it .
Also , get a cash back rebate card .
Do not pay until you get the bill because the cash back is calcualted on the balance at billing .
I got the 5% back on groceries , gas and drugstores .
I got $600 back over 18 months with one card and just got another $100 from a 2nd card .
I always pay the total due so there are No % charges ever added to my bill .
Here is where to shop for current rebate cards . . .
Since you will pay it off all the time , the % rate won't matter ,
Select the rewards option under "select a card"
And just make sure there is no annual fee .
http://www.bankrate.com/brm/rate/cc_home.asp
good luck !
>
|