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Frequent Contributor
JPersat
Posts: 299
Registered: ‎05-28-2012
0

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



New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012
0

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 04 scores: 809 (EQ) 812 (EX) 818 (TU)

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Valued Member
littlelottie
Posts: 36
Registered: ‎12-18-2011
0

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 (January 2013): TU: 704, EQ: 679, EX: 687
Current Score (September 2013): TU: 741. EQ: 703, EX: 712
Goal Score: 730 Across the Board


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Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

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: Discover Fico 689 9/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


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