It does, but you could also just ask them to raise the rate on your current card. I only have the one card, and it's a no-fee dividend card, so I get a tiny percentage (2%) of the value of my purchases back at the end of the year as well. At first the fact that it was "credit" bothered me, but in the mean time I've become accustomed to it (and don't feel too guilty, since it's always payed off in full).
It's also handy for tracking personal spending without having to sort and catalogue incidental receipts. I just sit down at the end of the month when I get my statement to make certain there's nothing on there that shouldn't be, and break down my expenses so I can see precisely what went where. These days it's not critical, but when money was tight it was a great way of keeping everything in line since I only allowed myself a very small amount of cash for incidentals, and reviewed everything else meticulously.
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Date: 2009-04-28 08:06 pm (UTC)It does, but you could also just ask them to raise the rate on your current card. I only have the one card, and it's a no-fee dividend card, so I get a tiny percentage (2%) of the value of my purchases back at the end of the year as well. At first the fact that it was "credit" bothered me, but in the mean time I've become accustomed to it (and don't feel too guilty, since it's always payed off in full).
It's also handy for tracking personal spending without having to sort and catalogue incidental receipts. I just sit down at the end of the month when I get my statement to make certain there's nothing on there that shouldn't be, and break down my expenses so I can see precisely what went where. These days it's not critical, but when money was tight it was a great way of keeping everything in line since I only allowed myself a very small amount of cash for incidentals, and reviewed everything else meticulously.