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New Credit Card

January 25th, 2008 at 03:59 am

My parents taught me from a young age how to responsibly use a CC. They even cosigned a cc for me when I was still in high school. The card had a low credit limit so that I couldn't do too much damage and they would of course keep track of the bill to make sure I paid it.

Now what am I getting at? Well I am a fan of Dave Ramsey but I still believe in credit cards for those who can keep them in check. I do also agree with his reasoning that when using a CC instead of cash you tend to spend more but that's why my wife and I have a budget.

So anyway, my wife and I each had our own cc for the last couple years and we decided what was the point. So, instead of dropping one of the two we decided to see who was offering some of the best rewards programs out there and decided to give the new Chase Freedom card a chance.

It matches our current card giving 1% back on everything with a bonus of 2% to a total of 3% cash back or points on your top three spending categories for the month.

Since we use our cc's for everything from bills to groceries to gas the cashback of a couple hundred at the end of the year helps.

The only drawback of the chase freedom card is for those who carry over a balance. The interest rate is 17%.

Anyway, anyone know of a better rewards card? I know there are some awesome rewards cards where the rewards are like 5% for the first 6 mos, I am not talking about those...

1 Responses to “New Credit Card”

  1. Ima saver Says:
    1201268617

    I have a new chase card that gives 3% at home improvement stores. I got a $50 check on Jan. 3rd and have already ordered 2 more $50 checks this week! I love this card!

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