Cash back vs redeeming points for cash

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

http://www.myconsumers.org/loans-credit/visa-cards/visa-signature-cash-rebate-card.html

3% back on groceries, cap of 6k rewards a year. I dare you to buy $200,000 worth of groceries per year. 

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We can arrange that.

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Only condition is you have to do it exclusively at Level III Line item reporting grocery stores

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

http://www.myconsumers.org/loans-credit/visa-cards/visa-signature-cash-rebate-card.html

3% back on groceries, cap of 6k rewards a year. I dare you to buy $200,000 worth of groceries per year. 

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We can arrange that.

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Only condition is you have to do it exclusively at Level III Line item reporting grocery stores

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I am considering applying for this, depending what happens with other avenues.   But anyway, I would point to:

http://www.myconsumers.org/loans-credit/visa-cards/gift-card.html

So gift cards must be OK, right?  Oh, I have to buy them from you, and not from a supermarket?  I'm going to file a Sherman AntiTrust complaint!

[takeshi74]

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@Anonymous wrote:
Not worth it for that.

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Each needs to run the numbers to determine that versus relying on a random forum poster's assessment.  Worth is always highly subjective no matter what the topic so you can't assume your sense of worth to be universal.

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@pdxmike wrote:

I know you can do better than that for groceries with a few cash back cards like Sallie Mae or Amex Blue Cash Preferred, but they have caps or annual fees that a rewards card might be able to beat.

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Instead of relying on "might" use math.

BCP maxes out like this:

$6,000 spend cap * 0.06 rewards earn rate - 75 annual fee = $285 maximum rewards on groceries per year.

How much do you have to spend at a different earn rate just to break even with the BCP?  Assuming no AF:

$285 / earn rate of the card you're comparing

For a 3% card that's

$285 / 0.03 = $9,500 spend

[kdm31091]

I think generally 2 maybe 3% is the most you are going to get in the form of cash back without an AF and caps. BCP exceeds it as it offers 6% on groceries, capped/ with AF. Sallie Mae does exceed it too but capped fairly low.

I think the most you can usually hope for is 2-3%. It's better than nothing