@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@ChargedUp wrote:There's a LOT of hoops to jump through to get the AF waived, and then the cap comes up after only $1000 in spend per month.
If your general spend fits under the cap, it may well be worth it though.
A $49 AF drops the $600 potential to $551. Hardly a dealbreaker.
I have seen this card around before. If I could get this card I would not need any other cards really because my monthly spend is so low.
Well, compare to a free 2% or 3%. It's certainly more, but not tons more, plus you would need to be careful to hit very close to a $1000 each month, as going over reduces the gain
The return is still a whopping 4.59% with the AF if you spend $1K per month.
Clearly the number changes as you go over or under but most of us are adept enough at managing our cards that we could come pretty close to being right at $1K each month.
Right, but that's a return on a fairly small sum of money (obviously views will vary). AOD or whatever gives 3% so this is 1.59% more on $12K a year of uncategorized spend, which is $190 Yes, "free money" but IMO not too exciting, and exceeded by a decent SUB every other year or so
I like the 10-15 SUB's a year! .. and yes @Anonymous ,
you can have you're 5th row penny from the bowl of income
The main idea for finding a high flat rate cashback MasterCard is so it can be used to offset the Plastiq 2.5% fee.
With Plastiq you can pay virtually anything with a credit card.
You all have great points...
Of course, I won't be getting this card but I figured it was worth the mention. It made me think of the old SallieMae card - low reward 5%.
Where is the churning forum? Maybe I shouldn't know lol I have enough credit cards as it is.
