Merrill+ Question

[Anonymous]

Those with the card, or that even know the answer- It looks as if you can get cash back with the card for rewards redemption? Does the cash back equal a 1% cash back card or is it less than that?

[Kenny]

From my understanding, it's equivalent to 1% with the points.

50,000 points = $500 cash back.

[BronzeTrader]

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@Kenny wrote:
From my understanding, it's equivalent to 1% with the points.

50,000 points = $500 cash back.

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Up to $1k if you use it right. 

[Anonymous]

Thanks for the replies!

[Kenny]

Right, but the OP specifically asked for cash back redemption rates.

[BronzeTrader]

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@Kenny wrote:
Right, but the OP specifically asked for cash back redemption rates.

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Yes, you can get cash back at 1%. There is no point in doing so. The value comes in if you get to Plus level, with more travel perks. 

[BronzeTrader]

I just notice that the Merrill + card shows up in both BA bank side and Merrill brokerage side. So you can pay from either side.

[Kenny]

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@BronzeTrader wrote:

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@Kenny wrote:
Right, but the OP specifically asked for cash back redemption rates.

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Yes, you can get cash back at 1%. There is no point in doing so. The value comes in if you get to Plus level, with more travel perks. 

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In your view point. Some people prefer cash back, regardless if they can get a higher value otherwise. (Yes, this seems counterintuitve, but that's their prerogative and not for any of us to judge. There is no right and wrong way to deal with one's personal finances. It's just that: their personal finances.)

[BronzeTrader]

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@Kenny wrote:

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@BronzeTrader wrote:

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@Kenny wrote:
Right, but the OP specifically asked for cash back redemption rates.

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Yes, you can get cash back at 1%. There is no point in doing so. The value comes in if you get to Plus level, with more travel perks. 

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In your view point. Some people prefer cash back, regardless if they can get a higher value otherwise. (Yes, this seems counterintuitve, but that's their prerogative and not for any of us to judge. There is no right and wrong way to deal with one's personal finances. It's just that: their personal finances.)

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There is no perfectly right or wrong. But common sense is common sense. Nothing to argue.... Peace.