Giving credit card rewards to the govt

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Mogul of Pineapples
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Giving credit card rewards to the govt

Postby Mogul of Pineapples » Fri Oct 31, 2008 1:29 am

I don't know if anyone saw but there's an entry on the blog about the idea of credit card rewards going to the government.

Apparently a candidate for the governor of Vermont wants to create a state credit card that citizens could get, which would have the rewards go to the government instead. It would be an optional card so you wouldn't have to get it if you don't want. But if you wanted to you could get it and help the state out.

Personally I feel like it's another tax. I would rather have my cashback than give it to the government. But then again if someone wants to give their rewards to help the state out that would be fine with me too.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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robert.loehmann
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Postby robert.loehmann » Fri Oct 31, 2008 10:10 am

It sounds like nothing but another sneaky tax scheme. I'll pass on it.

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Cucumber
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Postby Cucumber » Fri Oct 31, 2008 3:52 pm

That is total BS!!

The more money they raise using that method, the more funding they would cut for whatever programs it is funding! Same thing with the lottery and state governments they now forget about giving as much funding to schools bec the lotto pays a lot towards it.


Plus I would NEVER give up MY credit card rewards! :ppp
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Multi-Purpose
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Postby Multi-Purpose » Sat Nov 01, 2008 12:53 am

Why is that bs? I think this is an excellent idea. If I lived in Vermont I would seriously consider getting one of these cards if they were available.

This may not be a bad idea for our national government either. The money raised could go towards an educational fund or foreign aid fund.
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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Nov 01, 2008 2:36 am

Personally, if it's optional I don't see anything wrong with it.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

AnthonyBarone
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Postby AnthonyBarone » Sat Nov 01, 2008 8:41 pm

I'm sure as heck not going to give my cashback to the government. I'm getting squeezed enough with taxes last thing I need to do is give that up too. What are they going to ask for us next our interest from our savings accounts?



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