Originally Posted by
Boston_Bulldog
As for "cashback" for using such and such a credit card... DUH... you better look at that interest rate on the card and see IF it's indeed such a bargain.
I get 1% cash back on my primary card (I have a Starwood as a second one). I have no idea what the interest rate is -- if you pay your balance in full each month, you never get charged interest. Paying credit card interest rates is never a good fiscal decision.
Originally Posted by
Boston_Bulldog
Remember whatever you buy with plastic the vendor HAS to pay 3 to 6 percent to ACCEPT your card(s).
As another poster said, the norm is far lower than this. The only case where the costs might fall in this range would be a small vendor accepting Amex (which has the highest transaction costs).