EverdayMoney Credit Card Reward-Earned my first shopping voucher.

At the beginning of the year, I finally gave in an applied for a pink Everyday Money Credit card, which is a Woolworth's product underwritten by HSBC. I admit that this was AFTER having spent nearly 3 years paying past foolish credit card debt (CCD). I basically gave in to the repeated advertising offers I saw almost daily via WDYT, Rewards Central and other similar companies. They were offering one year fee free and a $50 Woolworht's voucher, plus 6 months low rate transfer of other debts. I didn't have any of those thankfully. Also evert $1 spend earns a point for a shopping voucher sent out every  three monts. Woolworth's Select products earn bonus points as do products from their shopping partners, like Dick Smith's. I tend not to get bonus points as I have been using hte card isntead of cash then paying it back each month. In otherwords I wasn't shopping for particular products to get the extra points. If you want to know why not visit my earlier posts on the foolishness of Flybuys.

Anyway...after expenditure of nearly $9 k - that's right $9,000 AU over 3 months, and an additional 1000 bonus points plus 324 Woolworth's bonus points, I was rewarded  with a $70 gift card which expires on 14 October this year....wow....mad money indeed.  Can you hear the dry tone in my writing ?

What they are paying me for of course is a whole lot of vaulabe consumer spending patterns data. $70 for 3 months of my data. No wonder the reputable market research companies warn you doing their surveys won't make you rich.

Still as I am a reformed shopaholic and a Simple Saver, that will cover at least half a week's groceries. Some of my forum mates could make it stretch to a week's worth.