Roarmeister wrote:I earn between 1-5% cash back on two of my cards and points on a couple of others. Isn't that BETTER than a savings account at 0.5%
No...
Because when you spend that money you get a return of .05.....when it is in a savings acount with an interest rate of .05%...you're actually ending up with a return of 1.05...since none of that money is being spent...
