Tuesday, February 20, 2018

cash back...

I have been an Amazon Prime member for 10 years.  I always breezed right by all those Amazon Visa card offers...until today.  1.  Amazon informed me today how much cash back I would have earned from last years purchases.  2.  I ordered a few more items for baking that I don't necessarily NEED.  Applied for the card and was approved within 15 minutes and got an instant $70 gift card.  Since I am long over the days of racking up credit card debt, this is nothing but a win-win. 71,81,58,0,W

7 comments:

Gene Adcock said...

why pass up a chance to save money! They made the offer and you can still bet they are still making a good markup.

Ronald Mahan said...

In 1974, when I was transferred from Texas to Alabama to help Champion Papers build a new paper mill - my wife & I cut up our credit cards and went on a cash basis. Paying cash for everything is a remarkable way to weed out unnecessary purchases . Best thing we ever did to properly manage our income. And from then on - we started building our savings for a future retirement - instead of wasting funds paying interest on credit cards.

John Wells said...

To be honest...I find deals on Amazon Prime to be very competitive. They are making money on the huge volume of sales they do. The credit card offer is targeted at idiots that don't realize they are getting suckered in to more debt. Amazon isn't stupid - they know they will make far more than the $70 they give out. Most people that will end up overextending themselves and fork over far more in interest payments...just like those limited time 0% interest offers on credit card balance transfers.

J said...

Win/win for sure!

I've had the Amazon Prime card for years, and love shopping on Amazon.

1. The prices are almost always competitive
2. Usually no shipping charge
3. Often no sales tax
4. I don't waste my time or gas driving to store after store to find what I'm looking for

I use the card for necessities and pay in full each month, then all of the cash back is used for the neat things I want but don't need.

Wayne Birmingham said...

Amazon is putting the Brick and Mortar Retailers out of business. Life as we have known it is changing....

WhyR said...

Mr Mahan, if I may say so, I think you made a wise decision. When credit is easy to get, it is easy to get too much of it, and it can be a trap for the unwary. My Social Security payments are put directly on my Direct Express card, and I can turn them into cash at a fee-free ATM, to use for everyday purchases. Fees and Penalties used to eat me alive when I was living close to the margins and banking at a standard bank branch, but now I simply have my employer direct deposit my pay into one or another no-fee debit card. I even get a miniscule amount of interest on one of them. And no waiting in line.

WhyR said...

Amazon is useful for many things- you can always do a search for the general thing you need and most times discover technology solutions that you didn't suspect existed. And the very many comments from buyers/users of the thing you think you want/need may confirm a purchase decision or reveal it just wouldn't be right for you. It's a great research tool, and the purchase process is so easy you could do it in your sleep (maybe with Alexa). But I think it's always useful to do a Google search before purchase to find out what else is out there- if Amazon becomes your default purchase option, they will probably know it before you do, and those prices will inflate under your very nose while you're so happy about how easy it all is. A retail Apocalypse is happening right now with brick and mortar stores closing everywhere and many people are being thrown out of jobs that no longer exist, mainly because of Amazon and the expansion of parcel delivery. As Amazon wrings its competitors out of the marketplace, it will feel less and less restraint and will be free to raise its prices markedly. Of course nobody should feel bad for Walmart, but you may want to support competitors of these two giants while the competitors still exist.