Creditopics.com

Even if your credit cards are maxed out and you have a huge mortgage to pay off, you can still get rid of all your debt in about five to seven years - and begin rapid wealth-building - without sacrificing the things that matter most to you!

One Response

1. Gary E Says:
   August 18th, 2008 at 6:29 pm 1

   Everyone I have seen pays on net purchases (what you buy minus what you return) of sometimes specified types of goods during the reward time period.

   Be sure to read all of the fine print about when, how much, and for how long the cash back is paid. We have multiple credit cards (all paid in full every month) to maximize our cash back.

   And once you select a card, watch for changes in the cash back program we have had cards where the rewards have been reduced or limited substantially – we don’t use those any more.

   As a gauge 1% back is good, the best I have seen is 1.5% outside of promotions (temporary higher rates) or cards through specific retailers that issue store credit for as much as 5% for net purchases in their stores.

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