"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."
Well usually it’s because the rewards when in points are usually a much better return than 1:1 or 2:1, which seems to be the best you’ll get for cash back in most cases. Obviously, you can do more to get 3:1 or even 5:1 with cash but at that point you’re jumping through almost as many hoops.
I tend to do cash back, but after learning about how to best take advantage of points through a couple of well known experts, I’m eyeing a travel card because I travel a lot both for work and personally, so points are a good idea for me.
That’s not even to get into the concept of churning, which I don’t do and wouldn’t recommend if only for how annoying it seems to keep up with, but I’ve seen some pretty crazy points exploits by friends. When they started to explain the steps to get there though it sounds exhausting and I wonder if any of them still do it.
Years ago, I was on Reddit wanting to learn about making homemade butter, and found r/churning, which was all about maximizing the benefits of credit cards and switching credit cards to game them. It had a bit of a wallstreetbets vibe to it but more serious.
I don’t understand why anyone would select travel miles/points when cash can be spent on anything and doesn’t expire.
Well usually it’s because the rewards when in points are usually a much better return than 1:1 or 2:1, which seems to be the best you’ll get for cash back in most cases. Obviously, you can do more to get 3:1 or even 5:1 with cash but at that point you’re jumping through almost as many hoops.
I tend to do cash back, but after learning about how to best take advantage of points through a couple of well known experts, I’m eyeing a travel card because I travel a lot both for work and personally, so points are a good idea for me.
That’s not even to get into the concept of churning, which I don’t do and wouldn’t recommend if only for how annoying it seems to keep up with, but I’ve seen some pretty crazy points exploits by friends. When they started to explain the steps to get there though it sounds exhausting and I wonder if any of them still do it.
Years ago, I was on Reddit wanting to learn about making homemade butter, and found r/churning, which was all about maximizing the benefits of credit cards and switching credit cards to game them. It had a bit of a wallstreetbets vibe to it but more serious.
Agreed. Maybe the cash back can be used to forgive all student loans or end homelessness or something.