My husband and I use credit cards. Sorry if that offends your sensibilities, but we use them like cash and pay them off every month. We are not the norm and we know, but cash just falls out of our wallets like water. We can’t even tell you exactly where it all went. We have credit card charges staring us in the face all month so we know exactly how “bad” we’ve been. We’ve never missed a payment or paid a cent of interest (*knock on wood*). Okay, so now that all of the justifying is taken care of, lol, here is the actual post.
Our Main Cards
We try to stick to just two credit cards at a time – a Discover and a Visa of some sort. Those cards have been the Discover It (we just recently switched from a basic Discover account and love it), and we have been using a Pentagon Federal Credit Union Visa.
But PenFed sent me a letter saying that they were going to start charging us a $25 annual fee. Crystal doesn’t do credit card fees. A credit card company gets 3-6% anytime it is swiped – there is no dang reason to charge you to use them.
I looked at travel rewards cards, but the only way to really take advantage of them is to churn credit cards a bit, and that seems very time consuming to me even though I know it works like a charm. I just rather not have our credit pinged over and over right now since we may be buying another rent house next year or the one after OR refinancing our house if rates spontaneously drop again.
Our New Credit Card – Chase Freedom Visa
All of that said, I found a Visa that seems a lot like our Discover card – the Chase Freedom Visa:
- 1% cash back on everything (same as Discover It)
- 5% cash back on rotating categories that change every 3 months (same as Discover It)
- PLUS an extra 10% bonus at the end of each calendar year since we have a Chase checking account
- You can use your cash back rewards as cash or to buy discounted gift cards (like a $50 Starbucks gift card for $45 or a $50 Bath and Body Works card for $40…this keeps our friends in Starbucks as little gifts and keeps us in nice hand soap)
Still a Discover Fan
Even though that extra 10% is very tempting, I still think our Discover It will be our primary use credit card and the Visa will be for anybody that doesn’t take Discover. It’s hard not to be loyal to Discover – they have seen me through 3 online card thefts and even reimbursed me for my first smart phone when it was stolen in 2011 thanks to a built in insurance policy for using Discover to buy your stuff. So we’ll stick with what works, but I am much happier with this Chase Visa than I was with the Penfed one.
Heck, the Penfed customer service rep even seemed a bit annoyed with me when I called to cancel. Instead of trying to keep my business, she said “You want to cancel instead of using one of our services to keep the card free?” Why yes, I rather cancel than take out an unnecessary loan. Airhead.
So, are you a credit card person or a cash person? What works best for you?
If you are interested in signing up for Discover It
and receiving a $50 Cashback bonus with your first purchase within 3 months:
Please note that you have to apply through that link above or another referral link specifically to receive this $50 bonus!
You can also email me and I can send you your own link.
Savings Account Offer
You can also check out the going savings rates like below by clicking here!
Amex with a great interest rate:
Rate (0.85%) – Apply Now
FYI: I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year. I went self-employed in July 2011 and make between $80,000-$100,000 through blogging, professional pet sitting, hubby's reffing, and our rental home. If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!). I even have all of my favorite tools on a resource page - I hope they help you too. Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!