This quarter, I redeemed $35 in credit card rewards, as well as using $22 to pay for the six monthly Visa and True Rewards fees. ($57 in three months is a pretty good haul, right?)
Right now, I’m left with about $8 in rewards dollars.
But the thing is, I don’t know how long it took me to earn all that. I make $1 for every $150 spent, and given that I try to put everything on CC that I can, it adds up at a respectable pace. I know I’m coming out ahead, but I don’t know if it’s by $2 or $20 or $50. I guess I should have saved those quarterly statements…
Every so often I contemplate opening a credit card elsewhere instead. But the convenience of having it linked to my main accounts and making real-time transactions is too hard to give up. After all, the ASB Visa still has one of the lowest annual fees. I can use my reward dollars at the cinema, supermarket or a range of other stores or just apply them to the Visa as free cashback, essentially. It looks like this is about as good as it gets for a personal card.
Do you have your credit card/s with your main bank?