20th
“Rewards” checking, which My Money Blog explains (via Get Rich Slowly), smells kinda gimicky and designed to encourage spending over earning. And the ten to twelve transaction requirement is kinda a deal breaker for me.
I tend to put most expenses on credit and always pay that off within grace (which buffers my cash flow a bit). And on good months, I try to be frugal and average one or two card transactions a week. I kinda think limiting how many transactions you make per month (if you can in your situation) will save you more than what you gain on a notched up interest rate.
Checking for me is a local credit union affair with premeditated spending or scheduled electronic bill pay on stuff I can’t put on my credit card, like, uh, my credit card bill.
What the credit union next door does not provide is a high-yield savings account or equivalent vehicle for that three-month reserve.
