Posts Tagged ‘credit’

No More Paper Receipts

by on Wednesday, October 3rd, 2012

Kudos to K-Mart for stopping the waste of paper by not giving out paper receipts any more. You are supposed to sign up for their shopper card and give them an email address. Once you are signed up, your receipt is sent by email to you and they don’t waste the paper from the cash register.

I think that is a great idea. How many people just automatically throw the paper receipts into the trash as soon as they get home? I don’t know about you, but I only keep receipts if they are a tax deduction or a big ticket item that I want to have proof of purchase in case something goes wrong with the item and I need to return it or call on the warranty.

The extra benefit of paperless receipts is that every purchase gives you bonus points that accumulate over the year. The points can be redeemed for immediate cash credit against your purchase at any time. So, today I bought about $30 worth of household stuff and applied my bonus points to get a cash credit of $13. That was like getting 40% off all the stuff I bought, and I didn’t have to cut out coupons or just shop for sale items. It just went off my bill and all I had to pay was $17 at the register.

Store Credit Cards

by on Thursday, January 19th, 2012

This past week I was shopping at various stores almost every night after work. It seems like this was the week to get all the errands run and all the things bought that I’ll need for the ever growing “honey do” list.

It seems like every store I went to tried to pitch me on signing up for either their store issued credit card or their store’s special frequent customer card. I already have a key chain full of those frequent customer cards and frankly, I don’t want any more garbage hanging on my key chain.

Store credit cards are another matter. I have read the terms and conditions for all the major retailer’s cards and not any of them are a good deal for the consumer. The interest rates are very high and late fees and penalties are extremely high.

I seriously do not recommend getting any of the retailers credit cards, except for possibly the convenience of a gas station branded card. If you get a gas station card, make sure you pay the balance in full every month, or the interest and fees add up really fast. Unless you like paying double the price at the pump over the course of a year, be extremely careful how you use and maintain a gas station credit card.