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I pay a 2.5% fee but it’s not considered a cash advance just a regular purchase. The math works for me since it’s the fastest and most convenient way to meet s
by randomacct3847 8y ago
I pay a 2.5% fee but it’s not considered a cash advance just a regular purchase.
The math works for me since it’s the fastest and most convenient way to meet spend (usually around $3k)
For a $3k rent payment (mine is less than this but as ex to meet spend), you’d pay a $75 fee, but earn the signup bonus + 3075 points. Depending on the credit card, 3075 points is likely at least worth $30.75 if not more, so your net fee is $44.25 or 1.475%, which is not bad IMO.
- wil421 8y agoGotcha it was to meet the sign on bonus. I was thinking you were getting a net benefit for just the points alone not to meet the sign on bonus.
- mehrdadn 8y ago"Bonus" means the initial thing. The rewards are called rewards or points or cash back etc.
- mrfusion 8y agoYour example sounds like you’re losing money. What am I missing?
- randomacct3847 8y agoThe signup bonus is >>> the fee you pay.