4 ms·
The only people that I know that actually receive real value for their "points" are: 1. Business travelers who fly internationally or coast-to-coast regularly
by philg_jr 6y ago
The only people that I know that actually receive real value for their "points" are:
1. Business travelers who fly internationally or coast-to-coast regularly
2. Business owners who regularly put very large business purchases on their cards, especially AMEX cards that don't have a real limit. When you put $50k/mo on your Delta AMEX, you'll probably never have to pay for a personal flight.
- tobtoh 6y agoI don't fit into any of those categories, but I feel I received real value. I had an AMEX card - there was an annual fee, but it also came with a 'free' return domestic flight. Since I went to visit my parents (interstate) at least once a year, that 'free' flight meant my card was effectively 'fee-free'. With a reasonably generous point scheme - and more importantly, one I could transfer to about 8 different airlines, I just accumulated points for a decade. In 2015, I cashed in 2/3 of my points balance for a round-the-world trip on Singapore Airlines in Suite Class (where you get your own cabin). I wasn't getting free flights each year like a business traveller, but for an effectively cost-neutral card that didn't require me to change my spending habits, I feel like a Suite Class RTW flight every 6-7 years is a decent reward.
- rightbyte 6y agoDon't you have to pay tax on the kickback?
- ValentineC 6y agoCredit card rewards on spend (points, miles, cashback) are usually viewed as rebates/discounts by tax authorities, so they usually aren't taxed.