rewards induced spending

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12 posts

do rewards tempt you to spend more?

yes, i spend more
no, my spending is unaffected
i dont have a rewards car
No votes
No votes
Total votes : 15

Green Member
Green Member
Posts: 3
Joined: Thu May 26, 2011 10:42 am
Location: Ann Arbor

Postby MFR » Thu May 26, 2011 11:07 am

The only times credit card rewards have caused me to spend more is when there is a bonus I am trying to qualify for. Like with the Amex Gold PR you get 30k extra points for spending 30k annually. When the 12 month mark approached I did ramp up my spending a little to get the bonus since that was worth over $300. The best benefit though was my spending qualified me for Platinum which I am a proud holder of. :cool:
Primary Card: Amex Platinum (business version but used for personal, hoping to qualify for Centurion within 12 months)
Other Cards: BofA Cash Rewards Visa Signature (don't use b/c poor rewards), KeyBank Platinum (don't use for same reason), Amazon Visa (only use for Amazon)

Centurion Member
Centurion Member
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Sun Jun 19, 2011 3:36 pm

I think that I spend more, but that is because some of my cards are newer. I refuse to pay interest and pay my balances off every month, so I am now seeing how my bank account is impacted. I'm going to reel in the spending by eating out less and cutting down on my shopping.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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