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A comment on Identity Theft, Credit Reports, and You. Parent comment

Re:Identity Theft, Credit Reports, and You by jaclaz on Saturday September 09, 2017 @10:21AM (#15207202)
>There are more, but that's what $40 / month.

Help me understand, US$ 40 in rewards agains a monthly spending of?

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Re:Identity Theft, Credit Reports, and You by forbiddenlake on Saturday September 09, 2017 @11:21AM (#15207483)
Assuming a good cash-back rate of 2%, $2000 spent on the credit card for $40 back.

The point being he's spending the $2000 anyway, so he'd rather get $40 back from his credit card company rather than $0 back if he used cash or debit.

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Re:Identity Theft, Credit Reports, and You by jaclaz on Saturday September 09, 2017 @12:03PM (#15207666)
But cash-back is not the same as reward points.

Cash-back is "money", reward points (more or less) is "discount on given good".

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Re:Identity Theft, Credit Reports, and You by glitch003 on Saturday September 09, 2017 @07:15PM (#15209619)
Many cards let you cash out rewards points now. With Chase, for example, you can get a check in the mail, use points to pay off your CC balance directly, or use points on amazon (at full value).
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Re:Identity Theft, Credit Reports, and You by tyscorp on Sunday September 10, 2017 @02:22AM (#15211009)
Using Chase Ultimate Rewards points at Amazon is only worth 0.8 cents per point, not 1 cent per point like the others.
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