@Anonymous wrote:
@Anonymous wrote:
which method will give me the full amount because I read that some methods give only like 99% of the rewards? Is it direct deposit or check?
Either one of those probably.
Either direct deposit or check is fine. If you get a statement credit you won't get 1% credit for the amount paid. Practically, this is inconsequential since the difference is 1.99% v. 2.00% rewards. But if you want the maximum get it in a non statement credit form so you can get the 1% for paying as well (you lose out on the 1% cashback on the portion paid by the statement balance).
Example:
You spend $1000. You get 1% back which is $10. If you paid the $1000 as well, you would get another 1% or $10 back for a total of $20. If on the other hand you used a statement credit of $10 and paid $990, you would only get an additional 1% back on the 990 which is 9.90 dollars. Thus, your total cash back would be 1% of 1000 spend plus 1% of 990 paid which is 19.90 dollars. You would lose 10 cents for every $1000 spent if you used it this way. 10 cents is 0.01% of $1000. Thus, your cash back would be 2% - 0.01% or 1.99% if you got a statement credit and paid the rest versus 2% if you paid the whole thing and cashed out the balance (check or direct deposit).
