04-03-2017, 10:34 AM
Ryan T Wrote:Fee's are only $1/monthSeems like not a great deal. Let's say there's two of you using the card, each once a day, so 60 transactions a month. Average deposit per transaction should be approx $0.50, so you're saving $30/mo. You're losing %3 of that to the $1/mo, and only gets worse if you aren't making that many transactions. Seems easier and better (instead of linking some other app to your credit card history I guess?) to just auto draft the $30/mo from your account into a tradeking, etrade, or other account. However, I'll go ahead and add that saving $360/yr into a retirement account isn't much of a "start". I would suggest instead opening a roth IRA and making it your goal to get to the $5500/yr that it allows.
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