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Home › Forums › Financial Markets/Economics › REWARDChecking accounts often had a top yield of 6.01 percent. Currently, the top yield is 5.15 percent.

Viewing 15 posts - 16 through 30 (of 41 total)
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    Posts
  • March 25, 2009 at 9:47 PM #373075
    Sandiagon
    Participant

    I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back.

    March 25, 2009 at 9:54 PM #373361
    SD Realtor
    Participant

    So the key is to calculate what gets you more money, the cash back from your credit card or the interest you would get on your checking acct balance. Roughly, if you maxed the acct at 25k at 5% you are getting 1250 a year or 104 bucks a month. Now I am not sure what your tax rate is but take that off the top, then see if it is worth it for your cash back or not.

    March 25, 2009 at 9:54 PM #373694
    SD Realtor
    Participant

    So the key is to calculate what gets you more money, the cash back from your credit card or the interest you would get on your checking acct balance. Roughly, if you maxed the acct at 25k at 5% you are getting 1250 a year or 104 bucks a month. Now I am not sure what your tax rate is but take that off the top, then see if it is worth it for your cash back or not.

    March 25, 2009 at 9:54 PM #373080
    SD Realtor
    Participant

    So the key is to calculate what gets you more money, the cash back from your credit card or the interest you would get on your checking acct balance. Roughly, if you maxed the acct at 25k at 5% you are getting 1250 a year or 104 bucks a month. Now I am not sure what your tax rate is but take that off the top, then see if it is worth it for your cash back or not.

    March 25, 2009 at 9:54 PM #373536
    SD Realtor
    Participant

    So the key is to calculate what gets you more money, the cash back from your credit card or the interest you would get on your checking acct balance. Roughly, if you maxed the acct at 25k at 5% you are getting 1250 a year or 104 bucks a month. Now I am not sure what your tax rate is but take that off the top, then see if it is worth it for your cash back or not.

    March 25, 2009 at 9:54 PM #373580
    SD Realtor
    Participant

    So the key is to calculate what gets you more money, the cash back from your credit card or the interest you would get on your checking acct balance. Roughly, if you maxed the acct at 25k at 5% you are getting 1250 a year or 104 bucks a month. Now I am not sure what your tax rate is but take that off the top, then see if it is worth it for your cash back or not.

    March 25, 2009 at 10:23 PM #373604
    equalizer
    Participant

    [quote=Sandiagon]I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back. [/quote]
    Is there a minimum on those purchases? Can you use checkcard for fast food and CC for filling your private 737?

    March 25, 2009 at 10:23 PM #373719
    equalizer
    Participant

    [quote=Sandiagon]I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back. [/quote]
    Is there a minimum on those purchases? Can you use checkcard for fast food and CC for filling your private 737?

    March 25, 2009 at 10:23 PM #373386
    equalizer
    Participant

    [quote=Sandiagon]I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back. [/quote]
    Is there a minimum on those purchases? Can you use checkcard for fast food and CC for filling your private 737?

    March 25, 2009 at 10:23 PM #373105
    equalizer
    Participant

    [quote=Sandiagon]I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back. [/quote]
    Is there a minimum on those purchases? Can you use checkcard for fast food and CC for filling your private 737?

    March 25, 2009 at 10:23 PM #373561
    equalizer
    Participant

    [quote=Sandiagon]I am OK with all restrictions, except 10 purchases with checkcard. I would like to use my Amex, Master and Visa. All my cards have cash back. [/quote]
    Is there a minimum on those purchases? Can you use checkcard for fast food and CC for filling your private 737?

    March 25, 2009 at 11:54 PM #373168
    SD Realtor
    Participant

    I was told there was not any minimum!

    March 25, 2009 at 11:54 PM #373623
    SD Realtor
    Participant

    I was told there was not any minimum!

    March 25, 2009 at 11:54 PM #373666
    SD Realtor
    Participant

    I was told there was not any minimum!

    March 25, 2009 at 11:54 PM #373449
    SD Realtor
    Participant

    I was told there was not any minimum!

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