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All  |   Discussion (0)'Rewards'

Buy everything on credit card if you get frequent flyer points for each dollar, and pay your statement in full each month through making scheduled online payments as soon as the bill arrives. The fastest way to build points is to have two people using different cards but linked to the same account (an additional cardholder). All purchases go to the one account (primary cardholder). Do not purchase anything on credit if an additional fee applies (i.e. some supermarkets and budget vendors charge extra for credit purchases).   myxlfidian (150)

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Credit Cards vs Cash: When you use a credit card, you don't feel the pain of parting with anything, like you do with cash. Studies have shown that people spend 12-18% more when using credit cards than cash. You don't get the ouch-y moment you get when you spend cash. I think you should try a card that has airline reward points for every purchase with a major airline. If after 12-18 months you do not find you achieved any real reward with the points (i.e. you just got a toaster or something), you should revert to cash for face-to-face purchases, debit cards for the internet, and one credit card for credit card only internet purchases and travel. If on the other hand you get 80% off a flight to Bali or something, you should stay with the credit card system, but not use it to spend more. I don't actually understand why anyone would spend more with a card because if you think of it as cash (as I do), you would want to minimise what goes on it at all times.   myxlfidian (150)

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Bonuses: Some credit cards offer an extra 1 year warranty on whitegoods and appliances purchased on the card.   myxlfidian (150)

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