Comments for CreditShack.org http://www.creditshack.org Your guide to getting out of debt & managing your money wisely Thu, 09 Sep 2010 21:39:05 +0000 http://wordpress.org/?v=2.0.5 Comment on Debit Card Cash Back Rewards by Robert Bamford http://www.creditshack.org/2004/debit-card-cash-back-rewards/#comment-14700 Mon, 02 Jun 2008 18:29:14 +0000 http://www.creditshack.org/2004/debit-card-cash-back-rewards/#comment-14700 The 1.5% cash back reward for new PayPal members ended a long time ago, and the follow-up cash back reward was only 1.0%. Members that signed up and got the 1.5% rate was suppose to continue getting that rate. I haven't seen any other news of this, but it appears that PayPal is changing their rewards program again, and even hurting their early customers by instituting a tiered rewards program. You would only earn .5% (half a percent) cash reward on all purchases for the month up to 499.99. 1% for purchases of $500-$4999.99, and 1.5% for $5000+. Now, this change has just gone into effect on my account even though there is no legal documentation for the change yet. All links still show the flat 1% rewards offer. Since I WAS earning 1.5%, the tiers may be different for those who were earning 1%. My evaluation of this is that it sucks. I have NEVER spent over $5000 in one month with my debit card, and therefore would NEVER be getting 1.5% cash back rewards again. I also sometimes didn't spend $500 or more, so I would even have some months where I wouldn't even earn the current 1% any more. I hope there is some problem and that this gets resolved, as this sucks! I will be looking for a different card to do my purchases with if this turns out to be their official new offering. The 1.5% cash back reward for new PayPal members ended a long time ago, and the follow-up cash back reward was only 1.0%. Members that signed up and got the 1.5% rate was suppose to continue getting that rate.

I haven’t seen any other news of this, but it appears that PayPal is changing their rewards program again, and even hurting their early customers by instituting a tiered rewards program. You would only earn .5% (half a percent) cash reward on all purchases for the month up to 499.99. 1% for purchases of $500-$4999.99, and 1.5% for $5000+. Now, this change has just gone into effect on my account even though there is no legal documentation for the change yet. All links still show the flat 1% rewards offer. Since I WAS earning 1.5%, the tiers may be different for those who were earning 1%.

My evaluation of this is that it sucks. I have NEVER spent over $5000 in one month with my debit card, and therefore would NEVER be getting 1.5% cash back rewards again. I also sometimes didn’t spend $500 or more, so I would even have some months where I wouldn’t even earn the current 1% any more.

I hope there is some problem and that this gets resolved, as this sucks! I will be looking for a different card to do my purchases with if this turns out to be their official new offering.

]]> Comment on Corporate Credit Card Fiasco by fred http://www.creditshack.org/2007/corporate-credit-card-fiasco/#comment-191 Thu, 25 Jan 2007 18:19:25 +0000 http://www.creditshack.org/2007/corporate-credit-card-fiasco/#comment-191 The most important thing is to read the contract. The most important thing is to read the contract.

]]> Comment on Corporate Credit Card Fiasco by jim http://www.creditshack.org/2007/corporate-credit-card-fiasco/#comment-41 Tue, 16 Jan 2007 13:26:05 +0000 http://www.creditshack.org/2007/corporate-credit-card-fiasco/#comment-41 If you're working at a place and think that they'll stiff you on expenses, perhaps you should find work somewhere else. :) If you’re working at a place and think that they’ll stiff you on expenses, perhaps you should find work somewhere else. :)

]]> Comment on Free (Really) Credit Monitoring by CreditShack.org - » How to Analyze Your Credit Report http://www.creditshack.org/2007/free-really-credit-monitoring/#comment-3 Wed, 10 Jan 2007 03:10:55 +0000 http://www.creditshack.org/2007/free-really-credit-monitoring/#comment-3 [...] Also see this article on how to most effectively use your free annual credit reports. [...] […] Also see this article on how to most effectively use your free annual credit reports. […]

]]> Comment on Free (Really) Credit Monitoring by Jeff http://www.creditshack.org/2007/free-really-credit-monitoring/#comment-2 Sat, 06 Jan 2007 03:53:25 +0000 http://www.creditshack.org/2007/free-really-credit-monitoring/#comment-2 Excellent idea! PayPal is also offering a free, barebones credit monitoring service through a partnership with Equifax. It doesn't hurt to sign up for that either. Jeff Excellent idea!

PayPal is also offering a free, barebones credit monitoring service through a partnership with Equifax. It doesn’t hurt to sign up for that either.

Jeff

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