Credit Card Program to Maximize College Savings
Guest: sage
Post subject: Credit Card Program to Maximize College Savings
Posted: Sat Nov 13, 2004 11:01 pm
As a retired couple, perhaps a 529 rewards card for grandkid's college fund should be considered. The Fidelity/MBNA pays a flat 2% on all purchases up to $1500/year reward maximum ($75,000 purchases.)
No fee; 25-dy grace period. My card of choice.
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HELOC Resources
529 Plan - Rewards - Maximize College Savings
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Charlie
Posted: Mon Nov 15, 2004 2:43 am
There is a whole forum devoted to getting card rewards. Take a look at: http://www.creditcardgoodies.com/forum/
My personal favorite is the Fidelity/MBNA Mastercard. It pays 1.5% of your purchases as cashback. You must have a brokerage account at Fidelity to get it. They are a pretty good brokerage so I see it as a win/win but you have to watch out for brokerage fees.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: luvozzie
Posted: Wed Nov 17, 2004 11:53 am
Sorry if this question sounds crazy but what exactly does "stand alone merchants" mean?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bodeh6
Posted: Mon Nov 29, 2004 4:00 pm
"Stand alone" means that at gas stations, purchases made in the store do not count toward the 5% rebate. You earn the normal 1% with the Dividend Platinum Select. You can only get the 5% if you use the pay at the pump. This prevents you from receiving the 5% on things like beer, convience food, and auto repairs. 5% is strictly for gas paid at pump. If you need that stuff(minus the auto repairs), go to a grocery store/pharmacy and then you will get the 5%.
BTW: The Citibank Dividend Platinum Select has been my new favorite card since I got it in April 2004. I am a college student that commutes and lives at home. So I put all my gas from ANY gas station on the Citi card. I also work at CVS pharmacy, so when ever I buy anything (even $0.50) I just whip out the Citi card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Credit Card Program to Maximize College Savings
Posted: Sat Nov 13, 2004 11:01 pm
As a retired couple, perhaps a 529 rewards card for grandkid's college fund should be considered. The Fidelity/MBNA pays a flat 2% on all purchases up to $1500/year reward maximum ($75,000 purchases.)
No fee; 25-dy grace period. My card of choice.
_________________
HELOC Resources
529 Plan - Rewards - Maximize College Savings
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Charlie
Posted: Mon Nov 15, 2004 2:43 am
There is a whole forum devoted to getting card rewards. Take a look at: http://www.creditcardgoodies.com/forum/
My personal favorite is the Fidelity/MBNA Mastercard. It pays 1.5% of your purchases as cashback. You must have a brokerage account at Fidelity to get it. They are a pretty good brokerage so I see it as a win/win but you have to watch out for brokerage fees.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: luvozzie
Posted: Wed Nov 17, 2004 11:53 am
Sorry if this question sounds crazy but what exactly does "stand alone merchants" mean?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bodeh6
Posted: Mon Nov 29, 2004 4:00 pm
"Stand alone" means that at gas stations, purchases made in the store do not count toward the 5% rebate. You earn the normal 1% with the Dividend Platinum Select. You can only get the 5% if you use the pay at the pump. This prevents you from receiving the 5% on things like beer, convience food, and auto repairs. 5% is strictly for gas paid at pump. If you need that stuff(minus the auto repairs), go to a grocery store/pharmacy and then you will get the 5%.
BTW: The Citibank Dividend Platinum Select has been my new favorite card since I got it in April 2004. I am a college student that commutes and lives at home. So I put all my gas from ANY gas station on the Citi card. I also work at CVS pharmacy, so when ever I buy anything (even $0.50) I just whip out the Citi card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 3:46 PM
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