Home › Forums › Financial Markets/Economics › REWARDChecking accounts often had a top yield of 6.01 percent. Currently, the top yield is 5.15 percent.
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SD Realtor.
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March 25, 2009 at 9:47 PM #373075March 25, 2009 at 9:54 PM #373361
SD Realtor
ParticipantSo 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 #373694SD Realtor
ParticipantSo 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 #373080SD Realtor
ParticipantSo 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 #373536SD Realtor
ParticipantSo 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 #373580SD Realtor
ParticipantSo 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 #373604equalizer
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 #373719equalizer
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 #373386equalizer
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 #373105equalizer
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 #373561equalizer
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 #373168SD Realtor
ParticipantI was told there was not any minimum!
March 25, 2009 at 11:54 PM #373623SD Realtor
ParticipantI was told there was not any minimum!
March 25, 2009 at 11:54 PM #373666SD Realtor
ParticipantI was told there was not any minimum!
March 25, 2009 at 11:54 PM #373449SD Realtor
ParticipantI was told there was not any minimum!
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