Question:

When credit cards say....?

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"Receive a 5% credit to your account balance on all payments for 12 months." What does that mean? Say for example I only use the card for gas or emergencies to continue to build credit.

Here's a hypothetical amount also, I'm a visual person. Say $100 that's paid in full every month; what does that mean?

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  1. It's a marketing ploy...don't do it.

    What they're saying is that they'll give you 5% on any balances that you carry for up to 12 months.

    So if you have a balance of $100....they'll give you $5. Sounds great right? No it's really not.

    What they're hoping you'll do is keep racking up a balance and by the time the 12 months rolls around you'll have to pay interest on the WHOLE balance...including what they gave you so all they're doing is increasing your balance.

    Just pay your bill and forget abou the 5%.

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