Comments on: Looking To Get Cash Back When You Spend? Check Out These Cashback Credit Cards. http://www.mytwodollars.com/2008/09/09/cashback-credit-cards/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Weekly Roundup - Texas Prayers Edition | Cash Money Lifehttp://www.mytwodollars.com/2008/09/09/cashback-credit-cards/#comment-28757 Weekly Roundup - Texas Prayers Edition | Cash Money Life Sun, 14 Sep 2008 14:05:56 +0000 http://www.mytwodollars.com/?p=1642#comment-28757 [...] Looking To Get Cash Back When You Spend? Check Out These Cashback Credit Cards. Here are a few cards to put cash back in your wallet. [...] [...] Looking To Get Cash Back When You Spend? Check Out These Cashback Credit Cards. Here are a few cards to put cash back in your wallet. [...]

]]> By: Kate@Living the Frugal Lifehttp://www.mytwodollars.com/2008/09/09/cashback-credit-cards/#comment-28632 Kate@Living the Frugal Life Tue, 09 Sep 2008 14:39:42 +0000 http://www.mytwodollars.com/?p=1642#comment-28632 Yep. We do this. Almost all of our monthly expenses get paid with our cash back credit card. We then pay it off in full each month. We get the dividend checks in January, which is a nice time of year for those who spend a lot of extra money around the holidays. Our balance from month to month on this credit card are a small fraction of our credit line. Even so, we know that the amounts, which are in the thousands of dollars, are high enough to negatively affect our credit rating, even though the debt never revolves. (My husband puts all of his travel expenses on our card, which are later reimbursed by his employer, and it's a lot of money.) When our credit is checked, all that shows is that we owe, for example, $6500 on our credit card. Most people don't pay off that kind of debt every single month, so how would they know? So while it's nice to hear from a personal finance blogger about the benefits of responsible credit card usage, there can still be some drawbacks to doing this. Yep. We do this. Almost all of our monthly expenses get paid with our cash back credit card. We then pay it off in full each month. We get the dividend checks in January, which is a nice time of year for those who spend a lot of extra money around the holidays. Our balance from month to month on this credit card are a small fraction of our credit line. Even so, we know that the amounts, which are in the thousands of dollars, are high enough to negatively affect our credit rating, even though the debt never revolves. (My husband puts all of his travel expenses on our card, which are later reimbursed by his employer, and it’s a lot of money.) When our credit is checked, all that shows is that we owe, for example, $6500 on our credit card. Most people don’t pay off that kind of debt every single month, so how would they know?

So while it’s nice to hear from a personal finance blogger about the benefits of responsible credit card usage, there can still be some drawbacks to doing this.

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