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Frequent Contributor
JPersat
Posts: 299
Registered: ‎05-28-2012

Points vs cash back

Hubby got a chase freedom on Tuesday - card isn't here yet, but the rep told him he would get 10k bonus points or $100 cash back if he spent $500 in the first 3 months (totally not a problem). I can't find anything on their rewards structures, so which is the better deal?

Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660



Established Member
Elcid89
Posts: 353
Registered: ‎10-04-2012

Re: Points vs cash back

Find a reference that will allow you to assign a nominal cash value to the points, then compare apples to apples.

FICO scores: 819 (EQ) 815 (EX) 803 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $42k - BMW Ultimate $36k
Chase Sapphire Preferred $42k - Merrill Lynch + Signature $33k - USAA Rate Advantage $20k
NFCU Flagship Signature $33k - USAA Cash Rewards AMEX $20k
Citi Platinum Select / AAdvantage Signature $23k

Valued Member
littlelottie
Posts: 34
Registered: ‎12-18-2011

Re: Points vs cash back


JPersat wrote:
Hubby got a chase freedom on Tuesday - card isn't here yet, but the rep told him he would get 10k bonus points or $100 cash back if he spent $500 in the first 3 months (totally not a problem). I can't find anything on their rewards structures, so which is the better deal?

Hi. The 10k bonus points translates to $100 cash back.  The freedom card uses UR points that work out to 1 cent per point. They're basically the same thing. Hope that helps. 


Starting Score: TU: 704, EQ: 679, EX: 687
Current Score: TU: 704. EQ: 679, EX: 687
Goal Score: 730 Across the Board


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Citi Dividend Platinum Select - 2.4k / Citi Forward - 2.4k / Paypal SmartConnect - 2.5k / USAA Rewards Mastercard 2k / Amazon Store Card - 1.6k / BOA Travel Rewards - 1k / Chase Freedom - 1k / Walmart Discover - 1.2k / Discover More - 500 / DACU - 500 / Amex Zync - NPSL / Amex PRG - NPSL / Amex Delta Gold - 2k
Valued Contributor
creditnocash
Posts: 1,916
Registered: ‎07-23-2012

Re: Points vs cash back


littlelottie wrote:

JPersat wrote:
Hubby got a chase freedom on Tuesday - card isn't here yet, but the rep told him he would get 10k bonus points or $100 cash back if he spent $500 in the first 3 months (totally not a problem). I can't find anything on their rewards structures, so which is the better deal?

Hi. The 10k bonus points translates to $100 cash back.  The freedom card uses UR points that work out to 1 cent per point. They're basically the same thing. Hope that helps. 


+2 the 10k points show up in your rewards and when you redeem you can have them mail you a check or apply to your current bill 

as stated 1 point = 1 cent. 

on avg ive earned about 20 dollars a month in cash back. 

Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: $21,600

Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012


2013 Goals:
Freedom Signature
Costco:True Earnings

Amex Zync(Unicorn)
Chase Freedom$1500
Citizens Mastercard$5000

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