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| chahsiubow |
 Posted: Sun Jun 26, 2005 4:47 pm Post subject: Credit card rewards. |
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Investing Sr. Associate
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| With all the cards with rewards for miles, everyday goods, college savings, car savings, I'm wondering why CC companies haven't thought of retirement savings rewards cards... lol. Just a random thought that popped in my head. Any comments or criticism on the idea? |
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| MrInvestor |
| Posted: Sun Jun 26, 2005 5:13 pm Post subject: |
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Investing Manager
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| I think thats a neat Idea. It would be cool once it reaches a certain amount ($1000 or so) you could invest it in the market too. |
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| noksagt |
| Posted: Tue Jun 28, 2005 4:50 am Post subject: |
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Member of the Month! March
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| Cards which dump into an IRA or a 401(k) are impractical because of the requirements for those. There are already stock-back cards. |
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| Bankman |
| Posted: Tue Jun 28, 2005 5:46 am Post subject: Re: Credit card rewards. |
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Investing Associate
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| chahsiubow wrote: | | With all the cards with rewards for miles, everyday goods, college savings, car savings, I'm wondering why CC companies haven't thought of retirement savings rewards cards... lol. Just a random thought that popped in my head. Any comments or criticism on the idea? |
There are several variations to what you are talking about. NestEggz offers a credit card that is marketed for creating a retirement fund. However, there is no need for actually putting it towards a retirement fund as you can request a check or have them directly deposit into your account.
Fidelity offers an Investment Rewards Mastercard which dumps money into your Fidelity Account.
TD Waterhouse offers credit cards that can earn you free trades (not specifically for retirement, but related).
They exist, but are usually not better than the other rewards credit cards out there. |
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| junsta17 |
| Posted: Wed Jun 29, 2005 5:04 am Post subject: |
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Investing Sr. Associate
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| I love my dining rewards credit card. I get between 10% - 40% back from eating out at select restaurants. |
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| chahsiubow |
| Posted: Fri Jul 01, 2005 12:41 pm Post subject: |
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Investing Sr. Associate
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| junsta17 wrote: | | I love my dining rewards credit card. I get between 10% - 40% back from eating out at select restaurants. |
In NYC, that covers maybe appetizers.  |
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| bigdave |
| Posted: Mon Aug 08, 2005 11:14 am Post subject: Re: Credit card rewards. |
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Investing Sr. Associate
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| chahsiubow wrote: | | With all the cards with rewards for miles, everyday goods, college savings, car savings, I'm wondering why CC companies haven't thought of retirement savings rewards cards... lol. Just a random thought that popped in my head. Any comments or criticism on the idea? |
discover card does you can put your cash back bonuses in CD's and IRA's |
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| pinwheel |
| Posted: Tue Sep 06, 2005 11:00 am Post subject: |
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Investing Associate
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| I was just going to say that a cashback reward could easily be converted into a retirement award, but looks like Discover is on it! |
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