Little Rishi

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Wednesday, May 6, 2009
Getting discount on air travel
Pentagon Federal Credit Union is paying 5% cash back on your first $4000 of airfare purchases per month to its Visa Platinum Rewards card holder. The offer came at the right time for us as we are planning to take a trip to visit our family over the summer. The offer is valid for purchases made by July 31, 2009.
*** Airfare purchases must be made between May 1, 2009 and July 31, 2009 to qualify for 5% cash back promotion, thereafter such purchases receive 1.25% cash back. Earn up to $200 cash back per month on airfare purchases. Fuel purchases for airplanes and boats receive 1.25% cash back.
I have had the card for quite some time and am pleased with it, since it gives 5% cash back on gas purchases, 2% cash back on supermarket purchases, and 1.25% on all other purchases, while carrying no annual fee. After getting the Schwab Visa card, which gives 2% on all transactions, we've limited the use of Penfed's Visa card to primarily for gas-related purchases but I like the fact that Penfed automatically credits the cash back each month, reducing the outstanding balance.

For more info on Penfed's credit card, see:

Penfed Visa Platinum Rewards card

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posted by Little Rishi @ Wednesday, May 06, 2009   0 comments

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Wednesday, October 24, 2007
Little Rishi says: Credit cards - a boon or a curse?
Little Rishi says:

Disciplined people use credit cards to increase their wealth by making regular purchases, interest free, on their credit cards; paying off their bills in full in a timely manner; and earning rewards on their purchases, without paying any kind of credit-card related fees.

Undisciplined people use credit cards to get further into debt by increasing their discretionary spending, and by avoiding to make full payments in timely manner, while incurring various credit-card related fees.

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posted by Little Rishi @ Wednesday, October 24, 2007   0 comments

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