Discover Card Pulls the Plug On $20 Cash Rewards

May 15th, 2009

Discover Card has made what some may call a fatal mistake in the credit card industry.  Discover was known for its small bank-like friendliness until now.  They gave you a real cash back onto your statement which was the most non-hassle of them all.  The credit crisis has made all the banks greedy including the friendly credit card issuer Discover Card.

Discover now is making you wait until you get $50 in reward to get cash back instead of the $20 previous.  This is more than double the increased time to have to wait and to have to make more and more purchases which some people may have to wait years to add up the small under 1% payouts from Discover.  This is a sad change to Discover policy that recently changed.

I have been with Discover Card for over ten years now and never have they pulled a fast one on me like this.  The fact that I could go online and redeem my $20 to my account was the ONLY reason I had a Discover Card instead of a Citi ThankYou or a Chase Points card where there is much more hassle involved.

The customer service rep acted as if we could earn more in their shopping mall called ShopDiscover.  ShopDiscover is nothing more than a site where they get paid the more you buy online from the links they send you.  EVERYONE has one of these now including Chase and Bank of America Add It Up.  This service is similar to Ebates and online shopping malls with the airlines.  This is certainly not the answer to the steep increase of redemption at Discover Card.

My friends, family, and co-workers will all be in shock when they sign into their account online and find that they will no longer be able to redeem cash at $20.  Of course, there will be the $20 redemption of gift cards that no one wants for these companies that are all going out of business like Red Lobster (I mean really?).

Call Discover at 1-800-347-2683 and complain.  Get this changed now!!

MTV Visa for the Entertainment minded

May 14th, 2009

If you like catching sports games in person, watching movies at the theater, and eating some taco bell on your date then you may be in luck.  The new Capital One card ad I saw today from a MTV community website is definitely targeted to young males who spend lots of money at these places.

There are two card offers for the MTV Visa Card from Capital One.  One is for Limited Credit and the other is for Good Credit.  I do not really see any mentions of Student card but I supposed that is saved for the Citi version MTVU card which mainly targets College students.

Give me the rewards!

  • 5 points per $1 spent on entertainment like music, movies, video game rentals, and sporting events
  • 2 points per $1 spent at restaurants, fast food places, and coffee shops
  • 1 point per $1 on everything else
  • 25 bonus points each billing period you keep your account in good standing by paying on time – These are special rewards for those who “do good” similar to Citi’s Myspace Forward Card.

The only difference in the MTV good and limited credit card is that the good credit profile’s get 0% until April 2010; after that, 16.9% variable.  The bad dudes who have limited credit get the high interest of 24.9% variable stoned into their billing statement.

The MTV credit cards have no annual fee and neither offer balance transfer fees.  There are 4 hip hoppin MTV rockin cards to choose from.

How do you get your no hassle rewards?

You may Redeem for MTV stuff, events and shows, or create your own MTV experience.  You can get gift cards from retailers,  give points to a charity,Trade points for cash and save up for your next purchase, or Fly for free on your next vacation for as few as 15,000 points.  The latest MTV rewards are always posted on the No Hassle PointsSM website, which you can access once you get your MTV Visa card.

Capital One seems to hate me they deny me every time I apply for a credit card even though I make over the required amount and have a great credit score.  They claim I apply too often.  Maybe they will let me attempt to be cool with this MTV generation Visa Card.  This card has 4 designs with one of the moon man, one all access and some other fun colored cards.

KFC Oprah Coupon Ripoff Alert

May 7th, 2009

KFC, formerly known as Kentucky Fried Chicken where you can have a heart attack just by walking inside the place recently launched grilled chicken.  With Oprah’s help they gave away a coupon on her show that was supposed to be downloaded from her website.  Not only was the coupon not downloadable from her site but they directed you to the unthinKFC.com site where you actually had to download software to use the coupon.  Yes, you had to download an .exe file from this coupon website probably the worst of spyware for your computer.  I downloaded the .exe file knowing that I might could trust what was on Oprah’s show.  Keep in mind this is the first time I have willingly fell for a spyware download in years.

Now the software is running and the printer gave me my coupon.  I look it over and notice that it says managers choice on the 2 pieces of chicken you get in this two-piece mean coupon.  That comes as something I had assumed since they could run out of one part but of course you will not be getting a breast like they picture in the ad.  I quickly erased anything having to do with that couponprinter.exe file after I printed the coupon.  It has to be printed before tonite at midnight but can be used up until May 19th excluding Mother’s Day.  Mother’s Day is one of the biggest days for the KFC restaurant chain.

As my mouth was watering in the drive-thru up at KFC for those two pieces of grilled chicken, two sides, and a biscuit everything quickly came to an end.  The drive-thru lady told me that they were out of Grilled Chicken and it would be 20 minutes before they could cook it.  I asked if you can possibly get Chicken breasts with this deal and she said no.  So they were out of the goods they bragged about on the coupons and I am sure white meat is not included in the managers choice.

It is a shame that the Oprah show would send her viewers to a site that asked for a download of an executable file to someones computer for one thing.  The risk of that is far greater than the cost of a free KFC meal deal and KFC could not even hold up to their bargain at 9:30pm when it is not their peak time.  This is a scam worse than any I have actually fell for in quite some time!

$60,000 Debit Card Sweepstakes

May 2nd, 2009

If you are looking for some fast money it might be easier to win that money using a debit card these days than trading on the stock market.  The chances of the stock market going up very much are about as slim as a debit card sweepstakes in this economy.  Chase and ING Direct are two big banks participating in the MasterCard debit sweepstakes.

You could win $60,000 with your Electric Orange Debit MasterCard from ING Direct when you use your card to make a purchase or to pay a bill.  MasterCard will then enter you for a chance to win $60,000!  The entry period runs from April 1st to June 30, 2009, so you have to hurry to make this offer. You get one entry for each bill you pay and whenever you sign for a purchase.  You can sign up for ING Direct here.

One of the bills you can pay off is your telecom bill or even your taxes.  Your federal taxes can be paid off with your debit MasterCard by the IRS or Link2Gov and be automatically eligible for this promotion.

Notice though that PIN based and international transactions are not eligible so you must sign or use a blink type purchase.  To learn more about this MasterCard sweepstakes you can see their site at priceless.com then look for bill promo.

Are Canada Pharmacies really cheaper?

April 26th, 2009

It may seem like too much of a hassle to use a Canada pharmacy to save a few dollars on prescriptions.  I tried to use CanadaPharmacy.com the other day and I saw that  you have to first register on their site, snail mail them your prescription you got from your doctor and wait for them to re-write the prescription from a Canadian doctor.  Physically sending in your prescription seems like more of a hassle since you have to mail it to their Canadian address.

Online pharmacies used to be simple where you would talk to a doctor online and they ask you your symptoms and then you could request a certain drug or have them recommend one.  Those days were the beginning of the online pharmacies and you may have noticed hundreds if not thousands of sites disappear from those two years of medicine online.  The government has cracked down hard on these sites and shut them down or made sure they are not liberally offering pain pills and  what the DEA considers drugs that should be safeguarded.

Drugstore.com was one of the leaders in the fight against online pharmacies and they helped clean up the space pretty fast.   It really was out of control with some places sending out fake Viagra.  I had an online pharmacy send me huge looking blue pills instead of the real smaller Pfizer branded Viagra.  I was scared to digest the pills because the appearance did not seem real but never had them examined to see what they contained.  Probably not something that would help with an erection or anything that would do my liver any good. Most likely a bunch of filler and bi-product.

Unfortunately, the dismiss of many online pharmacies led to the higher prices in leading pills and now we have fewer choices and more hassle.  There are now so many steps we have to go through to order our meds online that it can take days longer.  When it is so convenient to pull into the drive thru of my local Walgreens or CVS Pharmacy why would I want to mess with shipping and other obstacles.

Pricing is the leading reason people want to order their prescriptions online.  Canada pharmacies are known for their cheaper prices but this is limited to some drugs there are many that may be in fact more expensive.  You must compare to your local pharmacy and call around and see who is the cheapest.  The best thing to do is compare at the listings off of the Wal-Greens website.  They list the prices and the specific drug you are trying to order that way you can see who gets you the most savings.

What about US Pharmacies such as Drugstore.com.  These sites can save in some cases and provide a convenience of having it shipped to your door.  A problem with having to go through the drive up windows at CVS and Walgreens is having to wait.  You sometimes have to wait at 11pm or always guaranteed a long wait when it’s normal daytime hours.  The best thing to do is order them online or go up to the drive up at 2am when no one is up but other people picking up their Ambien CR.

Diesel vs. Electric vs. Hybrid Cars

January 23rd, 2009

If you are excited like I am about President Obama taking office you may begin to wonder what are different choices in gas-related technologies. You may not be concerned about your miles per gallon until prices start going back up but rest assured they will soon. We want to be free of foreign oils, breathe a cleaner air, save the environment, and save dollars at gas stations. There are several fuel options out there but not yet at even a tenth of our gas stations. Here are some options for better fuel economy :

What we have now is an Internal Combustion Engine Vehicle (ICE).  This is the typical engine in most vehicles today, running on either gasoline or diesel. Our cars have a heat engine in which the burning of a fuel occurs in a confined space called a combustion chamber. The ignition of a fuel and air mixture creates gases of high temperature and pressure, which then turn an engine shaft which, coupled to a transmission, provides the motive power of the vehicle. This technology is very 1969, we should have had bio fuel or fuel-cell powered vehicles years ago.

Battery-electric Vehicle – Battery-Electric Vehicles (BEV) are powered by electric motors that run exclusively on batteries that are charged by an external source such as the electric power grid. BEV’s are electric vehicles whose energy storage is in the chemical energy of batteries. BEVs are the most common form of what are defined as a zero emission vehicles, because they produce no emissions while being driven. BEV’s will improve miles per gallon by up to 79% over an ICE vehicle running on gasoline and, depending on the size of the battery, will have a range of 50 – 150 miles per charge. The downside to this option is that you most likely need a garage to really benefit from it or you will have cords running outside your home. The vehicle may only be used for commuting or runs to the store and you need to plug it in every time you go home.

Fuel Cell-powered Vehicle – A fuel cell is an electrochemical energy conversion device similar to a battery, but differing in that it is designed for continuous replenishment of the reactants consumed. It produces electricity from an external supply of fuel and air/oxygen. Typical reactants used in a Fuel Cell-Powered Vehicle are hydrogen and the oxygen contained in air. Fuel cell Vehicles also produce zero emissions while being driven. Fuel Cell-Powered Vehicles will improve miles per gallon by up to 71% over a automobile running on gasoline. This seems to produce the best results for fuel economy unless you go electric 100%. I hope automakers look more into this fuel option.

Turbo Gasoline Direct Injection Engine Vehicle – A Turbo Gasoline Direct Injection (GDI) vehicle utilizes a new technology that usually couples a turbo charger with specially designed & located fuel injectors. The resulting boost in horsepower and efficiency means that a smaller traditional gasoline engine can achieve similar performance of a larger traditional gasoline engine but using much less fuel. These Turbo Gas Injection vehicles will IMPROVE miles per gallon by up to 15% over a car running on gasoline and will have a better range per tank of fuel.

Flex-fuel Vehicle – A Flex-Fuel Vehicle (FFV) has a single fuel tank, fuel system, and engine. The vehicle is designed to run on unleaded gasoline and an alcohol fuel (usually ethanol or E85 – 85% ethanol produced from corn or other soluble product and 15% gasoline) in any mixture. Also, a gallon of ethanol contains considerably less energy than a gallon of gasoline, meaning a vehicle running on E85 will experience approximately a 25% reduction in MPG & driving range compared to gasoline alone. This was one of the ethanol mistakes made by politicians a few years back to make the farmers think they were going to get all this free money thrown their way. Not only have people had complaints that their cars do not run as good but they have experienced engine problems and we found out there are better uses of corn than as a fuel.

Hybrid-electric Vehicle – Hybrid vehicles use multiple propulsion systems to provide motive power. The most common approach, the Hybrid-Electric Vehicle (HEV), uses gasoline to power an internal-combustion engine (ICE), and electric batteries to power electric motors. The electric battery is recharged by either capturing kinetic energy via regenerative braking or using the gasoline engine to generate electricity by spinning a generator to recharge the battery. Unlike Battery-electric only vehicles, these are designed not to require power from the electric power grid; that is, no plug in is required or even available. Hybrid-electric vehicles will improve miles per gallon by up to 43% over a vehicle running on gasoline.

Plug-in Hybrid / Electrical Grid-Connected Vehicle – Like the HEV described above, this vehicle uses both electricity from a battery pack and gasoline as the energy sources, but the plug in has a larger battery pack. This larger battery is charged using a standard household outlet (110V, 15-amp). Depending on the size of the battery, charging will take from 3-10 hours. Compared to an hybrid/electric, the larger battery in a plug-in hybrid allows you to drive more using only the electric motor – up to 15-20 miles, and at higher speeds (around 50mph). The vehicle will run as a normal hybrid if it has not been plugged in, but the benefit of driving for a certain distance on electricity only will not be received. Plug-In Hybrids will improve miles per gallon by up to 70% over an ICE vehicle running on gasoline. Looking over all these ways to save fuel, lessen our dependency on foreign barrels of oil, and live longer this is the absolute best way to do it for now.

Direct-injection Diesel Vehicle – Direct-Injection Diesel (DID) vehicles have the engine’s fuel injection nozzle placed inside the combustion chamber. Direct injection diesel engines are generally more efficient, quieter, and cleaner than common indirect injection diesel engines. DIDs typically run on low sulfur fuel, typically called Clean Diesel. These cleaner diesel autos will improve miles per gallon by up to 25% over a vehicle running on gasoline and will have a range of 515 miles per tank of fuel.

Should the government on the state and local and federal level help us out on these?  Why not raise the gas taxes a penny or two to help lessen the fuel demand and increase a fund for these technologies!  We need them now and Yes we can!

Meal Planning to Save Money

January 9th, 2009

With today’s high bills and struggling economy, many of us are trying to tighten our belts a bit. One of the most variable items in many budgets is the food bill. While no one wants to just eat rice and beans, planning out your meals can cut your food costs and provide you and your family with more nutritious food. You can also save time by cooking smarter, using tools you probably already own, and shopping less.

Making your own menus will save you more than money. How many times have you found yourself back at the grocery store because you didn’t have the ricotta for a lasagna or were missing the lemon juice you needed? Maybe you dial that pizza delivery more than you would like. Regardless, a meal plan will allow you to shop efficiently, avoiding extra trips to the store. It will also allow you to take advantage of sales and specials and use your time wisely. Perhaps you can make two of a casserole or dish and freeze one, or do some extra prep on the weekend for busy weekday meals.

You only need a few tools to plan meals and menus. First, make a list of favorite recipes. Add a few that you are interested in or want to try as well. Choose a variety of types of meals, and meals with a wide range of preparation requirements when you make this list. You may want to include take out, dinners out, or quick, convenience foods in your list for nights when time is just too tight to cook. You also need a planner, calendar or printable on-line menu, whichever suits your needs. Finally, your local grocery ads are the last thing you need if you want to save.

Look at what is on sale in your area and any coupons you might have. Keep in mind that you can use coupons on sale products and that some stores will match competitors’ prices, helping you to save valuable shopping time. There is even a service that for a small fee will tell you what to buy when in your area to make the most of your savings, at grocerygame.com.

Another way meal planning can help you save is by allowing you to use foods that are inexpensive, but may be too time consuming without some forethought. Often, tougher cuts of meat work very well for slow cooking, using a slow cooker or a slow simmer on the stove. You might also plan to bake cookies for the kids’ lunches instead of buying treats or take the time to cook dry beans instead of buying canned.

Planning for leftovers is ideal. If you bake a ham or roast a chicken on Monday, reuse the meat in other forms on Tuesday and Wednesday. Monday’s chicken and mashed potatoes can become Tuesday’s chicken pot pie and Thursday’s chicken noodle soup. This will allow you to stretch your food dollars as much as possible thanks to smart planning.

If you often find yourself asking what’s for dinner at 5:30 on Wednesday night, a meal plan can save you time, trouble and keep more money in your pocket. You can even reuse your family menu from month to month to save time, or change it seasonally if you prefer. Taking the time to figure out family dinners before that night will make everyone’s life easier and make healthy meals a joy instead of a chore.

What is the Meaning of an R9 Credit Rating?

November 20th, 2008

When you view your credit report, you will notice status indicators next to each account listed. With revolving credit accounts, they range from "R0" to "R9". The "R" stands for a "revolving" (charge) account. If the account is an individual account, it will show "I", and mortgage accounts will show an "M".

"R9" means that particular account has passed 120 days late, is very delinquent, and has been written off as a bad debt by that company. The bad debt is either charged off or sent on to collections. This does not mean, however, that you do not have to pay this account, or that the company cannot continue to try to collect the balance due.

R9 credit rating remains on your credit report until it drops off after seven years. Until that happens, you will be unlikely to qualify for any new loans or credit accounts. The "R" scale is progressive, from R0 for new accounts, and R1 for current accounts, and up for each period of lateness, or an R7 payment plan, R8 repossession, or R9 charge off/collection. Where you want to be on every account is in the R1 category.

By showing the "R" scale, potential lenders communicate to each other valuable information about your payment history activity, from which they can determine credit worthiness and risk in repayment of any new loan or credit account. You can pay off an R9 account, and request in writing via certified letter to have the company or collection agency notify your credit reporting agency (one of the "big 3" agencies (Experian, Equifax, Trans Union) to remove the R9 rating.

Giving you an R9 credit rating is mean, but it is required of credit card lenders by federal law to avoid inflating company future earnings projections. You earned it by being a poor credit risk and not paying your balance due. It is unlikely that you can get the R9 removed from your account, even after paying off the balance due. Your report may show “account paid” or a zero balance due, but the R9 classification will remain. Therefore it is in your interest to be informed about the “R” system, and avoid being so late that you are marked with an irretrievable R9.

It is valuable to check your credit reports from time to time. You are entitled to a free report from each of the Big 3 (Experian, Equifax, Trans Union) once a year from www.annualcreditreport.com. If you get one report from one agency every four months throughout the year, you can keep a good handle on your report and its accuracy. If you see anything except an "R1" rating, get right on that problem before it progresses further.

Like anything else on the market, credit accounts are a “buyer beware” situation. Use it carefully and benefit from your good credit score, or abuse the system and suffer the negative results. An R9 credit rating will disappear over time, but in the interim, credit privileges may be harmed.

More Ways to Save on Gas

October 24th, 2008

Gas prices may not be as high as they were a few months ago but we are still seeing big numbers at the pump.  We also have less money to spend at the pump.  There are layoffs and people being fired everyday and with inflation hitting us steeply it will only get worse.  People loosing their jobs need to find ways to save money and gas is a good place to start.  The way I see it, we need to do many things

1- people stop driving as much.
2- Quit allowing ourselves to be gouged and raped at the pumps.
3- Actually invest NOW into bio fuels.  Don’t just offer tax incentives and research, make it actually happen.
4- Allow more oil refineries to be built.  Oil is not low in supply at the moment, the refineries just cannot put enough out to meet the demand.  This is a short term fix only, and would do so to help with the gas prices.  In the mean time, we need to be working on solar and bio power supply.

But for now, the immediate fix would be make gas gouging criminal, like it should be.

I am not driving anywhere that is reasonable distance- been riding my bike to the post office, UPS, errands, etc.

Also, read our articles on this blog about gas cards .