I am michael grant writing in regardsto my points that iachieved through wachovia possibility rewards I believe that cashing out would be the right choose to make if well fargo will not continue the point system.
Michael Grant
of NJ
@
Mar 29, 2009 15:56:42 PM
rewards program
having just received my first Visa Card i would like a catalog of available benefits and places where i can make purchases getting bonus points.Please send this through regular mail at the address below
Helmut Dietrich
21 Florabunda Circle
Orange city, Fl. 32763
Helmut Dietrich
of FL
@
Jan 29, 2009 11:16:30 AM
Now that Wells Fargo appears to be the bank taking over Wachovia, will that bank take over the credit card Rewards program previously offered by Wachovia? I have had a Wachovia credit card for about 5 years, and have accumulated approx 70,000 points on its program.
William Hohman
of NC
@
Oct 28, 2008 11:33:03 AM
better safe than sorry
It is probably better to cash out on a regular basis -- every time I've earned $100 in points on my card, I cash out. Better to have $100 now than (potentially) nothing later. It's a similar philosophy to downloading the pictures from your digital camera each time you use it; it takes a little more time, maybe, but it saves one from the potential heartbreak of lost memories.
Lynn
of MA
@
Oct 04, 2008 09:00:12 AM
Florida: no, there is no problem whatsoever with the safety of deposits. Even if the bank failed-- which it didn't, it was purchased by Citigroup -- the FDIC would insure up to $100,000. So those with money deposited at Wachovia have nothing to worry about.
Kimberly Palmer
of
@
Sep 30, 2008 13:29:06 PM
deposits
Is there any problem with the safety of deposits in Wachovia?
of FL
@
Sep 30, 2008 12:31:55 PM
Uncharted territory?
This isn't the case of an orderly purchase, it was rushed, Citigroup got pieces of Wachovia, so it's hard to say what they'll do. Citigroup also bought up a lot of other debt, they might say "sorry the reward points are gone" just to reduce the exposure.
jim
http://www.bargaineering.com/articles
jim
of MD
@
Sep 30, 2008 11:39:01 AM
Remember NextCard?
Back in the dot-com boom I had a NextCard Visa --- they were an online only bank that was handing out credit cards over the Internet. You could apply, get a new credit card number, and start using the card before you even had the physical plastic in your hands. Perhaps predictably, this strategy caused them much loss and eventually they were taken over by the government. I lost all my rewards points from them. Wachovia's obviously a different situation, but it can happen, depending on the circumstances.
Justin McHenry
of OH
@
Sep 30, 2008 10:43:23 AM
Rewards points
I guess it might depend. I have a Disney reward card, which used to be run by MBNA America and then Chase bought it. I believe my rewards points were intact
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Michael Grant of NJ @ Mar 29, 2009 15:56:42 PM
Helmut Dietrich of FL @ Jan 29, 2009 11:16:30 AM
William Hohman of NC @ Oct 28, 2008 11:33:03 AM
Lynn of MA @ Oct 04, 2008 09:00:12 AM
Kimberly Palmer of @ Sep 30, 2008 13:29:06 PM
of FL @ Sep 30, 2008 12:31:55 PM
jim of MD @ Sep 30, 2008 11:39:01 AM
Justin McHenry of OH @ Sep 30, 2008 10:43:23 AM
Veronica of NY @ Sep 29, 2008 15:44:48 PM
Back to blog