Credit Card Rewards – They are Trying to Trick Us

Over the past six months I have been a man on a mission. I have cut costs, increased income, been frugal (borderline cheap at times), and watched every cent I have spent. I have automated my accounts. I have optimized my accounts to make sure my money was working for me. The last step, and the one thing I kept putting off, was optimizing my credit card.

With so many choices out there, I hesitated to find the exact card I wanted.  After all, I was switching to a card for all of my purchases.  This card was to allow me the freedom to only carry one card in my wallet and not worry about my credit limit or if it will be accepted everywhere (sorry Amex).

Schwab Invest First Visa
Schwab Invest First Visa

The new card I picked was Schwab’s Invest First Visa card. This card automatically deposits 2% cash back on all of my purchases into my Schwab brokerage account each month.  I am all for automating my finances and for investing more, making this card perfect for me. The day I received the card, I activated it.  Suddenly, I felt something I had never felt before. There was an extra reason to spend my money. Luckily, my budget and discipline saved me, but that doesn’t mean I have won the war against this credit card, I have merely won the battle.  After a week or two, I am finding myself calculating the amount that will be invested on each purchase I have made ($10 on lunch? $0.20 into my brokerage account. Cha-Ching!).

This is going to be a constant struggle for me. Something as small as 2% cash back on my purchases is already enticing me to spend more. And if that small percent can entice me, while I am a man on a mission, it can entice anyone. I have a new respect for people that cut up their cards, because if you are not armed with the focus of spending wisely or with the framework of a budget, I can see people spiraling out of control and rationalizing part of their spending with these types of rewards.

I already love my card, but that doesn’t mean it won’t tempt me to perform actions I don’t want to.  If I would recommend a card to someone that may have a weakness for cash back rewards, I would suggest looking into a travel reward card. These cards offer about the same value as a cash back card, however the lack of a true monetary value to a specific set of miles may make you think less about your rewards when you go to spend.  However, this is contingent on the amount you travel.

Be careful out there in the war against credit card companies. Those companies come armed to fight for your money.

Good luck.

9,825 Responses to Credit Card Rewards – They are Trying to Trick Us
  1. Alvaro Augusto Vidigal
    June 20, 2019 | 12:54 am

    Hi exceptional blog! Does running a blog like this take a large amount of work?
    I’ve no knowledge of coding but I was hoping to start
    my own blog soon. Anyhow, should you have any recommendations or tips for new blog owners please share.
    I understand this is off topic however I just needed to ask.
    Thank you!

  2. wholesale jerseys nfl
    June 20, 2019 | 1:42 am

    Hiya! Fantastic blog! I happen to be a daily visitor to your site (somewhat more like addict ) of this website. Just wanted to say I appreciate your blogs and am looking forward for more to come!

  3. cheap nfl jerseys china
    June 20, 2019 | 1:53 am

    I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.

  4. Noe Cambra
    June 20, 2019 | 2:42 am

    It’s really a great and useful piece of info. I am glad that you just shared this useful information with us. Please keep us informed like this. Thank you for sharing.

  5. buy cheap nfl jerseys
    June 20, 2019 | 2:47 am

    I admire your piece of work, thankyou for all the great articles .

  6. cheap wholesale nfl jerseys china
    June 20, 2019 | 2:56 am

    Will come back again. I just now added your blog to my favorites.

  7. cheap nfl jerseys china wholesale
    June 20, 2019 | 3:53 am

    Comfortabl y, the post is really the freshest on this deserving topic. I harmonise with your conclusions and also can thirstily look forward to your next updates. Just saying thanks will not simply just be adequate, for the extraordinary clarity in your writing. I can directly grab your rss feed to stay informed of any updates. Gratifying work and much success in your business dealings!

  8. cheap hotel
    June 20, 2019 | 4:22 am

    we came across a cool web page that you simply could appreciate. Take a appear if you want

  9. cheap nfl jerseys
    June 20, 2019 | 5:03 am

    I absolutely love your blog and find many of your post抯 to be just what I抦 looking for. Do you offer guest writers to write content available for you? I wouldn抰 mind producing a post or elaborating on a number of the subjects you write in relation to here. Again, awesome site!

  10. russian translation services
    June 20, 2019 | 5:50 am

    we came across a cool web-site which you may get pleasure from. Take a search when you want

  11. china nfl jersey wholesale
    June 20, 2019 | 6:05 am

    Thanks. I really like your site. Great points you make in your post.

  12. elite nfl jerseys
    June 20, 2019 | 6:06 am

    Thanks for making the honest attempt to speak about this. I believe very robust approximately it and want to read more. If it抯 OK, as you gain more in depth wisdom, would you thoughts adding extra articles similar to this one with additional information? It might be extremely useful and useful for me and my friends.

  13. GENPOWER PARTICIPAÇÕES
    June 20, 2019 | 6:30 am

    I blog frequently and I genuinely thank you for your information. This article has truly peaked my interest.
    I am going to take a note of your site and keep checking for new details about once a week.
    I subscribed to your Feed too.

  14. Alvaro Augusto Vidigal
    June 20, 2019 | 6:36 am

    Thanks for the marvelous posting! I really enjoyed reading it, you
    happen to be a great author. I will be sure to bookmark your blog and will
    often come back in the future. I want to encourage you to
    continue your great work, have a nice morning!

  15. Alvaro Augusto Vidigal
    June 20, 2019 | 6:40 am

    Very nice article, exactly what I was looking for.

  16. russian translation google
    June 20, 2019 | 7:02 am

    The details mentioned in the post are a number of the top out there

  17. customized nfl jerseys
    June 20, 2019 | 7:09 am

    Some truly nice stuff on this website , I like it.

  18. tinyurl.com
    June 20, 2019 | 7:26 am

    A financial advisor is your planning associate.

  19. towards data science
    June 20, 2019 | 8:04 am

    the time to read or pay a visit to the content or web sites we’ve linked to beneath the

  20. cheap nfl jerseys china wholesale
    June 20, 2019 | 8:12 am

    it is always a good idea to get event planners when you want a good outcome for your planned event`

  21. Williams Kimzey
    June 20, 2019 | 9:11 am

    When I originally commented I clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I buy four emails with similar comment. Can there be any way it is possible to get rid of me from that service? Thanks!

  22. china nfl jersey wholesale
    June 20, 2019 | 9:14 am

    My brother recommended I might like this website. He was totally right. This put up actually made my day. You can not consider just how so much time I had spent for this information! Thanks!

  23. Aura Pencek
    June 20, 2019 | 9:15 am

    What¡¦s Happening i’m new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I am hoping to give a contribution & aid different customers like its aided me. Good job.

Trackbacks/Pingbacks
  1. church giving app
  2. Healthy breakfast recipes
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/credit-card-rewards-they-are-trying-to-trick-me/trackback/

Credit Card Rewards – They are Trying to Trick Us

Over the past six months I have been a man on a mission. I have cut costs, increased income, been frugal (borderline cheap at times), and watched every cent I have spent. I have automated my accounts. I have optimized my accounts to make sure my money was working for me. The last step, and the one thing I kept putting off, was optimizing my credit card.

With so many choices out there, I hesitated to find the exact card I wanted.  After all, I was switching to a card for all of my purchases.  This card was to allow me the freedom to only carry one card in my wallet and not worry about my credit limit or if it will be accepted everywhere (sorry Amex).

Schwab Invest First Visa
Schwab Invest First Visa

The new card I picked was Schwab’s Invest First Visa card. This card automatically deposits 2% cash back on all of my purchases into my Schwab brokerage account each month.  I am all for automating my finances and for investing more, making this card perfect for me. The day I received the card, I activated it.  Suddenly, I felt something I had never felt before. There was an extra reason to spend my money. Luckily, my budget and discipline saved me, but that doesn’t mean I have won the war against this credit card, I have merely won the battle.  After a week or two, I am finding myself calculating the amount that will be invested on each purchase I have made ($10 on lunch? $0.20 into my brokerage account. Cha-Ching!).

This is going to be a constant struggle for me. Something as small as 2% cash back on my purchases is already enticing me to spend more. And if that small percent can entice me, while I am a man on a mission, it can entice anyone. I have a new respect for people that cut up their cards, because if you are not armed with the focus of spending wisely or with the framework of a budget, I can see people spiraling out of control and rationalizing part of their spending with these types of rewards.

I already love my card, but that doesn’t mean it won’t tempt me to perform actions I don’t want to.  If I would recommend a card to someone that may have a weakness for cash back rewards, I would suggest looking into a travel reward card. These cards offer about the same value as a cash back card, however the lack of a true monetary value to a specific set of miles may make you think less about your rewards when you go to spend.  However, this is contingent on the amount you travel.

Be careful out there in the war against credit card companies. Those companies come armed to fight for your money.

Good luck.

9,825 Responses to Credit Card Rewards – They are Trying to Trick Us
  1. Alvaro Augusto Vidigal
    June 20, 2019 | 12:54 am

    Hi exceptional blog! Does running a blog like this take a large amount of work?
    I’ve no knowledge of coding but I was hoping to start
    my own blog soon. Anyhow, should you have any recommendations or tips for new blog owners please share.
    I understand this is off topic however I just needed to ask.
    Thank you!

  2. wholesale jerseys nfl
    June 20, 2019 | 1:42 am

    Hiya! Fantastic blog! I happen to be a daily visitor to your site (somewhat more like addict ) of this website. Just wanted to say I appreciate your blogs and am looking forward for more to come!

  3. cheap nfl jerseys china
    June 20, 2019 | 1:53 am

    I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.

  4. Noe Cambra
    June 20, 2019 | 2:42 am

    It’s really a great and useful piece of info. I am glad that you just shared this useful information with us. Please keep us informed like this. Thank you for sharing.

  5. buy cheap nfl jerseys
    June 20, 2019 | 2:47 am

    I admire your piece of work, thankyou for all the great articles .

  6. cheap wholesale nfl jerseys china
    June 20, 2019 | 2:56 am

    Will come back again. I just now added your blog to my favorites.

  7. cheap nfl jerseys china wholesale
    June 20, 2019 | 3:53 am

    Comfortabl y, the post is really the freshest on this deserving topic. I harmonise with your conclusions and also can thirstily look forward to your next updates. Just saying thanks will not simply just be adequate, for the extraordinary clarity in your writing. I can directly grab your rss feed to stay informed of any updates. Gratifying work and much success in your business dealings!

  8. cheap hotel
    June 20, 2019 | 4:22 am

    we came across a cool web page that you simply could appreciate. Take a appear if you want

  9. cheap nfl jerseys
    June 20, 2019 | 5:03 am

    I absolutely love your blog and find many of your post抯 to be just what I抦 looking for. Do you offer guest writers to write content available for you? I wouldn抰 mind producing a post or elaborating on a number of the subjects you write in relation to here. Again, awesome site!

  10. russian translation services
    June 20, 2019 | 5:50 am

    we came across a cool web-site which you may get pleasure from. Take a search when you want

  11. china nfl jersey wholesale
    June 20, 2019 | 6:05 am

    Thanks. I really like your site. Great points you make in your post.

  12. elite nfl jerseys
    June 20, 2019 | 6:06 am

    Thanks for making the honest attempt to speak about this. I believe very robust approximately it and want to read more. If it抯 OK, as you gain more in depth wisdom, would you thoughts adding extra articles similar to this one with additional information? It might be extremely useful and useful for me and my friends.

  13. GENPOWER PARTICIPAÇÕES
    June 20, 2019 | 6:30 am

    I blog frequently and I genuinely thank you for your information. This article has truly peaked my interest.
    I am going to take a note of your site and keep checking for new details about once a week.
    I subscribed to your Feed too.

  14. Alvaro Augusto Vidigal
    June 20, 2019 | 6:36 am

    Thanks for the marvelous posting! I really enjoyed reading it, you
    happen to be a great author. I will be sure to bookmark your blog and will
    often come back in the future. I want to encourage you to
    continue your great work, have a nice morning!

  15. Alvaro Augusto Vidigal
    June 20, 2019 | 6:40 am

    Very nice article, exactly what I was looking for.

  16. russian translation google
    June 20, 2019 | 7:02 am

    The details mentioned in the post are a number of the top out there

  17. customized nfl jerseys
    June 20, 2019 | 7:09 am

    Some truly nice stuff on this website , I like it.

  18. tinyurl.com
    June 20, 2019 | 7:26 am

    A financial advisor is your planning associate.

  19. towards data science
    June 20, 2019 | 8:04 am

    the time to read or pay a visit to the content or web sites we’ve linked to beneath the

  20. cheap nfl jerseys china wholesale
    June 20, 2019 | 8:12 am

    it is always a good idea to get event planners when you want a good outcome for your planned event`

  21. Williams Kimzey
    June 20, 2019 | 9:11 am

    When I originally commented I clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I buy four emails with similar comment. Can there be any way it is possible to get rid of me from that service? Thanks!

  22. china nfl jersey wholesale
    June 20, 2019 | 9:14 am

    My brother recommended I might like this website. He was totally right. This put up actually made my day. You can not consider just how so much time I had spent for this information! Thanks!

  23. Aura Pencek
    June 20, 2019 | 9:15 am

    What¡¦s Happening i’m new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I am hoping to give a contribution & aid different customers like its aided me. Good job.

Trackbacks/Pingbacks
  1. church giving app
  2. Healthy breakfast recipes
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/credit-card-rewards-they-are-trying-to-trick-me/trackback/