When I got serious about my debt I stopped using my credit card. Once I figured out how to control my spending habits I slowly reintroduced my credit card. It’s been pretty good.
In fact, as my card gets me points I’ve begun using it for everything and paying it off weekly when I check my budget. So it’s no surprise that I was in the batch of customers the company offered an ‘upgrade’ to. I’m always wary of these deals but this one really looked quite good. Everything stays the same i.e. no annual fee, the interest rate if I don’t pay within 21 days, and my limit.
So I took the deal. The deal is really that I can now accumulate additional points by shopping at certain franchises. It’s not bad but these franchises tend to be more expensive than the places I currently shop. It’s a bit of a catch-22; I can spend more now to gain points that will later be redeemed for ‘free’items.
Here’s what I’ve decided to do: I gain a minimum number of points no matter where I purchase so I will continue to purchase at the least expensive vendor. So far this year I’ve accumulated $100 in points. My plan is to save my points until Christmas to help offset that very expensive season.
Do you have a points card? How do you get the most out of it?