DIVIDENDS ARE IN!

Edward_ wrote: bump for this... don't they usually come out at the same time?

The come out Friday in San Diego, same day as the dividend

Just so everyone knows, there are other cards out there that give you up to 2% cash back, and usually come with an introductory offer of 5-6% back for the first 3-6 months. So all of you that are so stoked about your $400+ dividend - it could have been $800+.

Every time you use your credit/debit card, the bank takes up to 3% of that purchase from the merchant. By giving half of that fee to you, they are banking on the fact that you'll use your credit card twice as much. Most people miss a payment or two a year and as stupid as it seems, a lot of people don't pay the full bill every month. That's a whole lot of money they make from you (the average person), just by offering some cash back.

Ryan Williams wrote:Just so everyone knows, there are other cards out there that give you up to 2% cash back, and usually come with an introductory offer of 5-6% back for the first 3-6 months. So all of you that are so stoked about your $400+ dividend - it could have been $800+. Every time you use your credit/debit card, the bank takes up to 3% of that purchase from the merchant. By giving half of that fee to you, they are banking on the fact that you'll use your credit card twice as much. Most people miss a payment or two a year and as stupid as it seems, a lot of people don't pay the full bill every month. That's a whole lot of money they make from you (the average person), just by offering some cash back.

Makes sense, but I never know the specifics of it. I've always wondered if there would be a way to measure the effect of credit cards on the price of goods in the long run. To me it seems inevitable that they would drive prices up.

Glenn Schuler wrote: awwwww, ain't you cute little EricSchmidt. Still trying to be the next Yarp....keep on trying.

Just being realistic... Seems like you are often lost as to whats going on in a conversation.

I mean honestly, how hard was it to figure out what they were talking about above? It was stated they were using a REI visa card AT LEAST 3 times.... Earth to Glenn, are ya there?

Alright! Got my chinese food ordered. Favorite chair adjusted. Laptop's on the coffee table.

Ryan Williams wrote:Just so everyone knows, there are other cards out there that give you up to 2% cash back, and usually come with an introductory offer of 5-6% back for the first 3-6 months. So all of you that are so stoked about your $400+ dividend - it could have been $800+

2% cashback on everything? Why do I not know about those??? No yearly fee???
I can think of a few cards that offer up to 5% on specific stuff (Discover for whatever category they pick for a 3 months period) but none that offer 2% cashback on everything.

If the REI visa was 2% cash back, I'd have earned enough for a couple of full racks of C3 and C4 without setting foot into REI once this year. Well, except for that time I needed chalk.

I got the REI Visa b/c I never buy retail, including REI. At least I get a minimal 5% divy at REI with that.

With all of the coupons, closeouts, etc - you guys realize that 'huge' dividend is only a 10% discount, right? Barely anything after tax.
Most of my gear comes from higher discounted sources, so I'm guessing my divy is $20 or so again.

Ryan Williams wrote:Just so everyone knows, there are other cards out there that give you up to 2% cash back, and usually come with an introductory offer of 5-6% back for the first 3-6 months. So all of you that are so stoked about your $400+ dividend - it could have been $800+. Every time you use your credit/debit card, the bank takes up to 3% of that purchase from the merchant. By giving half of that fee to you, they are banking on the fact that you'll use your credit card twice as much. Most people miss a payment or two a year and as stupid as it seems, a lot of people don't pay the full bill every month. That's a whole lot of money they make from you (the average person), just by offering some cash back.

Ya I too am curious as to what card offers 2% cash back and 5-6% for the first 3-6 months that has no annual fee or other stipulations!? Straight up cash back like REI does.... Please give me some examples cause that sounds great but I have never seen a card like that.

Matt N wrote:I got the REI Visa b/c I never buy retail, including REI. At least I get a minimal 5% divy at REI with that. With all of the coupons, closeouts, etc - you guys realize that 'huge' dividend is only a 10% discount, right? Barely anything after tax. Most of my gear comes from higher discounted sources, so I'm guessing my divy is $20 or so again.

I'm not sure what you were trying to get to with that dribble but I don't think it came through...
Unless you were trying to point out how good you are at using google to find deals, in which case welcome to what everyone who isn't clueless about buying gear has been doing for just about as long as the internet has been around.

Boissal wrote: I'm not sure what you were trying to get to with that dribble but I don't think it came through... Unless you were trying to point out how good you are at using google to find deals, in which case welcome to what everyone who isn't clueless about buying gear has been doing for just about as long as the internet has been around.

ZING!

Boissal wrote: I'm not sure what you were trying to get to with that dribble but I don't think it came through... Unless you were trying to point out how good you are at using google to find deals, in which case welcome to what everyone who isn't clueless about buying gear has been doing for just about as long as the internet has been around.

Well, we have this thread dedicated to "everyone who isn't clueless" comparing the size of their REI dividend. Just wanted to point out how small mine is. I don't drive a lifted truck either.

EricSchmidt wrote: Just being realistic... Seems like you are often lost as to whats going on in a conversation. I mean honestly, how hard was it to figure out what they were talking about above? It was stated they were using a REI visa card AT LEAST 3 times.... Earth to Glenn, are ya there?

You know I think I might buy some ice climbing gear with my dividend........ it is still ice climbing season in Canada after all.

EricSchmidt wrote: Ya I too am curious as to what card offers 2% cash back and 5-6% for the first 3-6 months that has no annual fee or other stipulations!? Straight up cash back like REI does.... Please give me some examples cause that sounds great but I have never seen a card like that.

My Amex cash rewards card does. I put around $35K in work expenses a year on it and can spend the rewards cash anywhere, not just REI.

will someone buy me something? Call it a "pay it forward request"

I currently could use: some cams in all sizes, new ski boots, beer, and some new snowshoes

Ray Pinpillage wrote: My Amex cash rewards card does. I put around $35K in work expenses a year on it and can spend the rewards cash anywhere, not just REI.

You can spend REI's rewards anywhere as well. You do not have to spend the money at REI but good try...

Doesnt anyone bother reading the thread before they start spouting off misinformation??

172.50 here and doubling up on Cams in the 1-3 size

EricSchmidt wrote: You can spend REI's rewards anywhere as well. You do not have to spend the money at REI but good try... Doesnt anyone bother reading the thread before they start spouting off misinformation??

mmmm ... REI threads ... just dont talk about returning a cam ;)

James Xu wrote:$72. Deciding whether I should kick-start a trad rack with a single cam or save it for some camping supplies.

A rack made of a single cam, yer gonna die.

rging wrote: A rack made of a single cam, yer gonna die.

He'll be fine, he just wants to supplement his anchor setup for proud TR sessions at Dogwood.