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The Fun Begins

June 5th, 2013 at 05:25 pm

My American Express Blue Cash Everyday card arrived in the mail today. I forgot that this card has 0% interest through September 2014, just like the Citi Thank You card I applied for.

I will use one of the cards to make the full payment for the Washington DC trip, which I must do by the end of the month. This way I can make payments towards the balance over the course of the year without paying any interest or dipping into other cash savings. If I used the AE card, the rewards are offered as a statement credit, so this would work well for redeeming.

I expect to pay off the balance long before the trip in April, but at least I have a little wiggle room and can control when I pay it off. This way is much better than making payments directly with the travel company as they charge all sorts of processing fees. Yuck. I also have the protection from the credit card company if anything goes awry with the travel agency.

The bonus offer on the AE card is $150 for spending just $500. This transaction will be $1250, so there is no problem meeting the minimum. The rewards are given as a statement credit as I understand it. I will redeem at one time when I would have made a payment and keep the payment money in cash to save towards our mortgage goal.

It does help, I think, to use the card for large transactions, rather than a lot of little ones. It is just easier to manage and track the where I am in meeting the requirements.

Anyone know of any good bonus offers for opening any other type of account, brokerage, checking or savings? I'd be interested in those offers as well as a way to bring in extra cash to meet our goals.

8 Responses to “The Fun Begins”

  1. PatientSaver Says:

    ARe you sure about those Amex terms? I just got a an Amex Blue Cash Everyday card and the deal was spend $1,000 to get just $100. I know they have tons of deals out there at any given time; sounds like yours is much better!

    I keep getting offers from Chase where you get $200 if you open a checking account with them. I'm sure you've seen those. They promote it constantly.

  2. creditcardfree Says:

    @PS: Yes, I'm sure about the offer. It's at CardMatch.com. We don't have Chase banks around here, so I actually don't see those offers. I know I don't want to move my husband's payroll deposit. I'll check into it though. Thanks!

  3. SecretarySaving Says:

    You blog under the name creditcardfree but you use credit cards.

  4. creditcardfree Says:

    @SecretarySaving, that is true. We have credit cards. We do not have credit card debt. When I began the blog, we did not have any credit cards, or credit card debt. I've established a name, and I'm keeping it. We will never have credit card debt that we are charged interest on OR can't pay off at a moments notice.

    As responsible consumers, we are simply taking advantage of offers that net us income while still spending responsibly and within our means. I don't suggest to anyone that they take on credit card debt if they cannot pay the balance in full.

  5. SecretarySaving Says:

    @Creditcardfree - You are saying that you don't have credit card debt by paying off the balance each month. But - why not just pay cash for it? In reality you are in debt for those days it takes for them to bill you and for you to pay. I can agree to disagree with you there. I view it as a loan then you have to pay it back. Interest or not. I don't mean to stir I thought I'd ask because I'm sure I'm not the first person who's been curious to know. I've been following you for some time and you have alot of great posts.

  6. Ima saver Says:

    I don't have any credit card debt either. But we use our credit card every month at Home Dept and they pay us 3% back every month. This month I got a check for $67!! Free money!!

  7. CB in the City Says:

    I pay for virtually everything with my Discover card and pay it in full every month. I earn cashback rewards which I use on Amazon. I've also applied for and used a card just to get the bonus points, as others here do. I haven't had any debt other than my mortgage for quite a few years now.

    Paying in cash give me no benefit at all and is more cumbersome, harder to track, and you don't have any guarantee if you're dissatisfied with a purchase.

    Paying cash is oldthink, IMHO.

  8. TexasDisneyGirl Says:

    That's great! I think if you have good credit scores and you are responsible, there are lots of cool benefits from using credit cards.

    We opened 3 new credit cards this year (all Chase)...and with them we are getting a few free nights of hotels and 110,000 Southwest Airlines points! We love to travel, so we decided to switch things up to get some stuff for free. Chase actually moved our credit from other cards for these new cards, and our credit scores have actually gone up slightly. Go figure!

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