|
|
| Re: NJT's New fare collection system {UPDATE} (171533) | |
 |
|
| Home > BusChat | |
[ Read Responses | Post a New Response | Return to the Index ]
[ First in Thread
|
Next in Thread ]
|
Re: NJT's New fare collection system {UPDATE} |
|
|
Posted by Terrapin Station on Tue Nov 3 13:47:03 2009, in response to Re: NJT's New fare collection system {UPDATE}, posted by Hank Eisenstein on Tue Nov 3 13:09:37 2009. It works out only if you're able to pay the balance in full each monthObviously! You shouldn't be charging more than you can afford! and there's no fee associated with the card (or the benefits are of a higher value than the fees) Obviously! That's why none of my cards have any fees. I've got AMEX Rewards. Amex has a $150 annual fee, but I've cashed in points for hotel rooms and an iPod touch, so I've made more than the value of the fee back, even accounting for the number of years I've paid it. Ouch. First of all, AMEX has many cards that allow to to participate in the Membership Rewards program, so there's no need to choose a card that has a fee. I'm in Membership Rewards, and I use it with a card that has no fee. Second of all, using rewards programs to get goods instead of services is BAD NEWS. For example, in AMEX Membership Rewards, you can get a $50 Amtrak gift certificate for 5000 points. That's effectively a 1.00% reward. However, as part of the same program, you can get an Apple iPodŽ Touch - 8GB for 35,200 points. That iPod only costs $199 from Apple. So that's a 0.57% reward. You're getting about half the value for your points when you get goods instead of services. So if you play your cards right, there are no downsides - only upsides. So why wouldn't someone want to use a credit card for paying for their transit fare? |
|
|
|