Unlike Citi DC which gives you 1% CB on your payment, hence making it a 1.99% card if you take the statement credit, I don't believe other CB cards penalize you for taking statement credit. A 2% CB card should give you 2% on your spend/charges. If the Verizon bill is $100, that's $100 of spend and should be $2 CB. You can then apply last months $2 CB to that $100 bill but the CB should still be $2 (Verizon Dollars).
Like others have said, we'd need to see a Verizon statement to confirm. But my hunch is it's a full 2% CB. But my hunches have often been wrong!
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@ptatohed wrote:Unlike Citi DC which gives you 1% CB on your payment, hence making it a 1.99% card if you take the statement credit, I don't believe other CB cards penalize you for taking statement credit. A 2% CB card should give you 2% on your spend/charges. If the Verizon bill is $100, that's $100 of spend and should be $2 CB. You can then apply last months $2 CB to that $100 bill but the CB should still be $2 (Verizon Dollars).
Like others have said, we'd need to see a Verizon statement to confirm. But my hunch is it's a full 2% CB. But my hunches have often been wrong!
The Verizon card doesn't receive the rewards as "statement credit" to be used towards anything inside the Synchrony Verizon Card account. Things such as reducing the card's payment amount or purchase of gift cards within Synchrony are unavailable.
All rewards are transferred to your Verizon account and lumped into a Verizon Dollars account at Verizon (not the Synchrony card account). To use your Verizon Dollars means you will spend it within Verizon, of which one of the options is to apply the Verizon Dollars towards the monthly bill. When used towards the bill, the amount billed on the Verizon Card is reduced which in turn reduces the amount of cashback earned since less is charged on the card.
What is the percentage returned for paying my Verizon bill with the Synchrony Verizon card?
If it's 2%, then it makes more sense to use any other card instead of opening a line solely for this, I think.
Thanks.
sidenote: Why is it if it is not a hotel or airline card are most of the "store-based" perks typically 2%? Citi Cotsco I'm lookin at you...
My understanding is that the card earns rewards (Example being 4% back in the form of Verizon cash on gas) which you then use to pay all or a portion of your Verizon bill. I don't believe you earn more (if even) than the 1% base if you use the card to pay your bill. (Correct me if I'm wrong)
