Consumers Credit Union (IL) data points?

[Anonymous]

Interesting regarding the gift card purchase.  Would be curious to learn more.  Just out of curoisity,  aren't you still losing the % difference you'd earn if you had purchased the card with a higher cash back reward card?  Just trying to understand how that works exactly.

[Anonymous]

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@Anonymous wrote:

Interesting regarding the gift card purchase.  Would be curious to learn more.  Just out of curoisity,  aren't you still losing the % difference you'd earn if you had purchased the card with a higher cash back reward card?  Just trying to understand how that works exactly.

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Yes, but I am only purchasing the card to meet this requirement, so it's not something I would have done otherwise.   Whereas if I am buying something that I need, and I use the CCU card (getting 1%) rather than a 2% card, that's in my mind an actual ($120 per year) loss whereas this isn't.   More psychological than anything perhaps

[Anonymous]

Okay but then you'd be using the gift card on something you could have used a higher cash back card with, so the small loss is still there, in fact it's the same as just using the card on stuff you'd buy...... Unless I'm missing something?  Are you selling these cards back at full value or something?

Not trying to nit pick, just trying to point out you are still losing a small amount of rewards by hitting the tier.  Nothing wrong with that, as it's precisely what I do and am okay with due to the higher return on the checking.

[Anonymous]

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@Anonymous wrote:

Okay but then you'd be using the gift card on something you could have used a higher cash back card with, so the small loss is still there, in fact it's the same as just using the card on stuff you'd buy...... Unless I'm missing something?  Are you selling these cards back at full value or something?

Not trying to nit pick, just trying to point out you are still losing a small amount of rewards by hitting the tier.  Nothing wrong with that, as it's precisely what I do and am okay with due to the higher return on the checking.

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These are Visa gift cards which through the magic of [deleted for sensibilities] become full cash value (- 70 cents)