Originally Posted by
Joshua
I'm noticing other retail stores opening up their own banks to do this--Target now offers 5% off if you use their debit or credit card issued by "Target National Bank". I can't justify paying 5.3% more on a purchase just to rack up miles. Lowes is doing the same thing too.
Well there's the hassle factor.
I use a 2% cash back card, so my net savings would be only 3%. If I spend $1,000 a year at Target, I'd save $30 by using that card. Not sure I want to carry another card to save $30 a year.