Lots of Hoops but I find it worth it
Written: May 21 '02
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Pros: 3% cash back
Cons: high interest, must carry balance to get cash back
The Bottom Line: Get it if you don't carry lots of money month to month, and you want the 3% cash back, which is worth it.
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| athxu's Full Review: Student Visa/Mastercard (The Associates) |
There is but one reason to get this card: it has 3% cash back! The catch? Well, there are several.
1. You must carry a balance month to month to get the cash back.
2. Which of course means you have to pay interest on the balance.
3. Which of course means the interest rate is quite high.
Still, I find it worthwhile to get this card. I have had it for only a year, and last year for only half a year worth of spending, I got $32 cash back. Even subtracting the interest, I made about $20, which is easily more than what I got before with a measly 0.25% plus increment when you spend more.
The trick is to pay off nearly all of your balance, but leave at least a cent. Be careful though if you cut yourself too close. On a couple of months I returned something I bought, and so they didn't count my rebate; otherwsie I would have gotten even more.
Recommended:
Yes
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Epinions.com ID:
athxu
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Location: Pasadena
Reviews written: 14
Trusted by: 0 members
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