My Precious

For me, the Costco American Express is the ultimate credit card. It gives me 2% cash back on all purchases, while my Executive Costco Membership gives me 2% cash back on all Costco purchases – that’s a combined 4% savings: a.k.a the 1,2 punch! Since Costco is my modern day Toys R Us, you can see how this card assisted me in being prudent while buying things I didn’t need, at a savings of 4%:)
In an effort to get Gazelle intense, my Costco American Express is going to meet its demise tonight. As Dave Ramsey has said and I paraphrase – reward points don’t make you wealthy. Using credit cards for the purposes of receiving rewards is Russian roulette – eventually there will be an emergency and instead of paying off your credit card at the end of the month, the charge will be financed over time placing you in debt and forcing you to pay finance charges.
Join me in getting out your scissors and cutting up your precious credit cards with all of their sexy rewards.
5 Responses to “My Precious”
that’s good stuff B…i got rid of mine in the late 90’s…
Posted by: Jim Gray on February 9th, 2010 at 5:42 pm
I’ve been on the DR plan for 2 yrs now. Don’t miss the cards or the bills. God’s financial plan is the only way to live. I’m Debit Free!!!
Posted by: Paul on February 9th, 2010 at 8:34 pm
@ Paul – That is awesome! I can’t wait to be able to say that I’m debt free.
Posted by: Paul on February 9th, 2010 at 10:11 pm
Love the ‘precious’ theme. Great post. We haven’t used our credit cards for almost two years now, and have been trying to pay off debt…I cannot say I can see the light at the end of the tunnel yet, but I know we’re at least headed in the right direction!
Posted by: Liz on February 10th, 2010 at 12:32 am
Your theory is interesting. With the Costco AmEx cut in two, how will I be able to purchase that five pack of lazyboy brand, glide-n-rock recliners, with cup holder and remote control stow a away storage in the arm rests? Just because I can’t afford them and have nowhere to put them dosen’t mean I should deny myself and four of my closest aquaintences the bare essentials of human existence, does it?
Posted by: Johnny d on February 12th, 2010 at 7:41 pm
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