4 ms·
> ...extreme-couponing aspect for people who budget down to the penny... It's the opposite. 1.5% of zero is zero, but 1.5% of a large sum is something material
by guiambros 5y ago
> ...extreme-couponing aspect for people who budget down to the penny...
It's the opposite. 1.5% of zero is zero, but 1.5% of a large sum is something material. The cashback credit cards are worth for those who spend a lot of money for it to be worthwhile.
Back of the envelope: $6K per month is $1,000 per month of cashback (or airline miles, points, etc).
- gruez 5y ago>Back of the envelope: $6K per month is $1,000 per month of cashback Do you have a typo somewhere? $1k of cashback for $6k spend works out to 16.6%, which is very high. $1000 per year is far more reasonable.
- guiambros 5y agoSorry, I meant "... $1,000 per year". $6K × 12 months × (1.5÷100) = $1,080
- deleted 5y ago[deleted]