I got these two credit card offers in the mail recently, on the same day.
An offer for a Capital One Visa and an offer for a Bank of America Mastercard.
Each came with the incentive of a $150 Cash Bonus if I put $500 worth of charges on the card within the first 3 months of having it.
1 has a permanent 1.5% cash back on everything you purchase and the other has a varying schedule of cash back(between 1 and 3%)depending on where you spend your money.
As for interest rates.....those don't matter to me as we NEVER carry a balance and we don't take cash advances either.
And I am not one of those people who can't resist using a credit card when they can't pay off the balance each cycle.
I don't NEED another credit card(I have two already)so I'd just get these for that $300 cash bonus.
I know $300 is not much in the scheme of things but still it's free money and that calls my name. lolz
I would cancel the credit cards at some point(whenever it was safe to do so)or maybe keep one of these and cancel one of my other 2 cards, depending on which one was better for my needs.
I don't worry about dinging my credit score at this point in my life as I don't buy anything on credit so don't need to have a high rating really.
So should I get these cards just for the cash or not?
Have you ever gotten a credit card for some incentive? What did you do if anything?
Sluggy
An offer for a Capital One Visa and an offer for a Bank of America Mastercard.
Each came with the incentive of a $150 Cash Bonus if I put $500 worth of charges on the card within the first 3 months of having it.
1 has a permanent 1.5% cash back on everything you purchase and the other has a varying schedule of cash back(between 1 and 3%)depending on where you spend your money.
As for interest rates.....those don't matter to me as we NEVER carry a balance and we don't take cash advances either.
And I am not one of those people who can't resist using a credit card when they can't pay off the balance each cycle.
I don't NEED another credit card(I have two already)so I'd just get these for that $300 cash bonus.
I know $300 is not much in the scheme of things but still it's free money and that calls my name. lolz
I would cancel the credit cards at some point(whenever it was safe to do so)or maybe keep one of these and cancel one of my other 2 cards, depending on which one was better for my needs.
I don't worry about dinging my credit score at this point in my life as I don't buy anything on credit so don't need to have a high rating really.
So should I get these cards just for the cash or not?
Have you ever gotten a credit card for some incentive? What did you do if anything?
Sluggy
