NNY S2k

Same here, I guess we're in the minority Lainey.
Levi

Jet sitter

Does anyone else have a credit card that pays cash instead of rewards?
My old credit card paid 1% up until a year ago and they decided to pay only rewards; clock radio's, watches, etc. . That's when I found a local bank with the 1% to 4% cash rewards. If your going to buy it, you might as well receive something back.

The card pays at least 1% on everything
2% on food purchases.
3% on theatre and best of all
4% on gasoline purchases.

ralper

My Discover Platinum and Discover cards both pay cash back.

Jet sitter

My Discover Platinum and Discover cards both pay cash back.
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Rob,

What percentage do your cards pay?

ralper

It depends on the purchase and if there is any promotion. I think the Discover Platinum is paying (generally) 1.75% and I think the Discover is paying 1%.

Generally, I don't take the money. Instead I log onto the Discover website and apply the money to the bill. I do this every few months.

I also have and American Express card through Costco. It costs me $40.00 per year, but includes the $40.00 membership fee to Costco. Every February they send me a check for my cashback to be used at Costco. They don't give cashback on everything only selected stores (including Costco), and depending on the time of year and if there is a promotion going on I get anywhere from 1 to 2%. Sometimes there is a "double percentage" bonus promo.

Jet sitter

My credit card is with National City bank. They may not have the same promotion everywhere, but for Kentucky it is as I mentioned. NO fee's and they send you a check when you accumulate $100.00

mns2k

Interesting comment. Have been using Quicken to schedule and up load payments. We have been doing this for years and have not had an issue. Works great especially when you are on vacation or away from home for an extended period of time.
Are the issues you see with a specific back or software?

ralper

I find this interesting too. I've been banking online with Commerce Bank for about a year and a half. In the beginning I had a little problem as some of the payments that I posted were dropped and not paid, but I tend to check the payments every few days and caught it in time before any harm was done. I started keeping a spreadsheet of all of my payments and the day that Commerce (using their history screen) says it was paid. This way I'll know if a payment was dropped. In the last year, I haven't had any problems with the system, and highly recommend it.

Please understand, that online bill paying does not take the place of good record keeping. You still have to maintain your own check register and reconcile your account every month. The only difference is that you no longer have to write out and mail the check. Do not let electronic bill pay lull you into letting your guard down.

As an aside, I have found Commerce to be a very consumer oriented bank with a very good customer service department. They are very good at solving problems and are willing to stand behind their customers.

Jet sitter

At my bank I immediately see a tracking number when I pay a bill. When I check the next day I see a note that the payment was sent and within that day, or certainly by the next I receive a processed note.

I have had only one problem and that is because my credit union which I sometimes transfer money to has to have the check physically mailed and this takes an additional week or so. Now, I send the check myself when I want to send money to the CU.

ralper

Commerce instituted something similar. Apparently it was a problem for a lot of people, but I have to respect the fact that they acted quickly and didn't ignore the problem. I've had no problems since.

The one thing that I won't do is allow for automatic withdrawls. Perhaps I'm a bit old fashioned, but I want to know when money is being taken from my account. I want to be the one to initiate the transaction.