@Anonymous wrote:
The thread on the Paypal 3% cash back on everything has got me thinking.
I still send many of my bills physical checks from my banking institution's bill-pay or automatic account debit for card payments. Within the next couple weeks, my utiities will soon be earning via Cash+. I still have rent, student loans, credit card payments, etc. that I do not earn on. I do have a Discover cashback checking (1% cash back debit card purchases) similar to Paypal debit card. If there was an effective way to charge all of these payments to that debit card, I could effectively add 1% to ALL of my cashback numbers. I think there may be even better debit cash backs available, Kassasa 3% checking I think I have seen offered.
Anyone from here go to these lengths to maximize cash back accross the board? If so, what strategy/method did you use?
Most of my monthly expenses are ACH only (car, mortgage, and student loan cannot be paid by CC), so I wouldn't expect anyone else to be able to easily pay those on a CC each month. Same goes for credit card payments - most banks arent going to accept a CC to pay off a CC. That's a losing proposition for them and it's too vulnerable to abuse by award chasers.
You may have already optimized your earning potential, and trying to go beyond that can produce diminishing returns or even losses, such as paying a 3% fee to process a rent payment via CC in order to get 1-2% cash back.
