4 ms·
Assuming a good cash-back rate of 2%, $2000 spent on the credit card for $40 back. The point being he's spending the $2000 anyway, so he'd rather get $40 back
by forbiddenlake 9y ago
Assuming a good cash-back rate of 2%, $2000 spent on the credit card for $40 back.
The point being he's spending the $2000 anyway, so he'd rather get $40 back from his credit card company rather than $0 back if he used cash or debit.
- jaclaz 9y agoBut cash-back is not the same as reward points. Cash-back is "money", reward points (more or less) is "discount on given good".
- glitch003 9y agoMany cards let you cash out rewards points now. With Chase, for example, you can get a check in the mail, use points to pay off your CC balance directly, or use points on amazon (at full value).
- tyscorp 9y agoUsing Chase Ultimate Rewards points at Amazon is only worth 0.8 cents per point, not 1 cent per point like the others.