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Another card I use is my AMEX. It can earn points quickly and I even used points in the past to buy business supplies on Amazon. My wife has her cards with points and we even used some of those points for airline tickets once. The lure of reward points is why I decided to continue to use the cards.
While I expected to pay the charges each month, I found it was easier said than done. At the end of the month life would happens and the cash meant for the cards would be used for something else. I found my cards continued to climb. The whole reward points thing wasn't really helping me. In fact, these programs encouraged me to use my cards more than I expected and should.
I suggest this is the purpose of "rewards" programs. The programs encourage use. When a family is financially strong, these are nice perks. When a family is financially stressed, I also suggest, these programs may cause a distraction and a false sense of benefit. Just take a moment to think about why you are using the credit cards you do. Maybe it will help you to avoid meeting with someone like me.
But if you need to meet me or just want to know more about me, Mark Medvesky, or our firm of Wells, Hoffman, Holloway & Medvesky LLP, check out our website at www.whhmlaw.com.
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