Originally Posted by
NavyDeerHunter
Exactly. Free stuff = money you don't spend = you're actually AHEAD by using the card. Of course this only applies if your "free stuff" is stuff that you would have purchased anyway.
I don't get free stuff, but do get "cash-back" on both my Visa and Discover. They are paid off every month so I pay no interest. Without going and looking at all of my statements to verify, I figure I get about $700.00 cash back a year. That is money I can invest for my future.
I agree completely. Actually, I have about $300 on my Cabela's card, and I'm saving it up for a new slug gun. I think it's awesome that I could take several hundred dollars off a gun I was planning to purchasing anyway just by using the card, and like I said, I've never paid any interest.
I have another credit card that allows me to build credits for cruises, and I have enough credits to take a 7 night Caribbean cruise for two people, and again, never paid any interest.
To be honest, I pay off my balances every month, so I never get interest charges; however, I do use the card a lot, so that I can get the points, so I can only assume they're making money off other merchants when I make charges.