"Jay Honeck" wrote in message
news:ygqee.58297$c24.18296@attbi_s72...
consider it motivation to pay off the entire amount every month.
then interest rates, etc. are irrelevant.

Rule #1 in Financial Life: Never, EVER charge more in any given month
than you can afford to pay back.

Follow this rule, and all the changes MBNA (or anyone else, for that
matter) makes become irrelevant.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"


Jay,

I gotta do you one better. Rule #1 should be: Never borrow money for
anything that is expendable, disposable, or likely to depreciate in value.

IOW get a mortgage, an airplane loan, and pay off the rest with cash or
debit.

95% of people will end up losing money on a 5% refund card. If you are
really diligent, and really enjoy saving money with these programs go for
it. Just realize that your are gambling on your ability to beat the bank in
the long run. Personally, if I included the value of my time just dealing
with them I could never make it worth the lousy $150 per year.