@Anonymouswrote:
@Blackswizz750wrote:I used to cash it out or pay on my credit cards with it. Now I just let it accumulate, I still have a few hundred from last year. I want to see how much can grow over a couple years(provided I dont need the cash).
This is what most people seemed to do in the past. I was glad to see many are now transferring to a savings account. This has a few advantages:
you can earn interest, now an almost reasonable (well, less unreasonable) amount of 1.5+%
its safe from any issuer actions, who might close your card for any right or wrong reason, causing you to lose your rewards.
For those that like to see it accumulate, do this in a dedicated savings account
You have a point on just putting it in dedicated savings acount. I will do this with Discover, Cap1, and NFCU Cash Rewards. I have a nice chunk sitting with each.
@MrDisco99wrote:
All my cash back rewards go into a savings account. Even on cards that force me to redeem as statement credit, I’ll move an equal amount from checking to savings when I make a payment.
I do this as well; all sign-up bonuses and cash back go into an (otherwise) unused checking account.
It's surprising how quickly it can add up! 
@UncleBwrote:
@MrDisco99wrote:
All my cash back rewards go into a savings account. Even on cards that force me to redeem as statement credit, I’ll move an equal amount from checking to savings when I make a payment.I do this as well; all sign-up bonuses and cash back go into an (otherwise) unused checking account.
It's surprising how quickly it can add up!
UnkaB, do I need to foward a bank account number so you can donate to your nephews slush fund account? 😂😋
I'd be happy to do so. I'm sure I'd be amazed at how fast it adds up.😉
@Gmood1wrote:
@UncleBwrote:
@MrDisco99wrote:
All my cash back rewards go into a savings account. Even on cards that force me to redeem as statement credit, I’ll move an equal amount from checking to savings when I make a payment.I do this as well; all sign-up bonuses and cash back go into an (otherwise) unused checking account.
It's surprising how quickly it can add up!
UnkaB, do I need to foward a bank account number so you can donate to your nephews slush fund account? 😂😋
I'd be happy to do so. I'm sure I'd be amazed at how fast it adds up.😉
Keep in mind that it's all relative... what I've accumulated over a few years would likely be pocket change to what others accumulate in 12 months, but it's a lot to me. 