Re:Is Visa taking 2% out of all my transactions?
by gruez on Saturday April 30, 2022 @01:07PM
(#31217442)
>Back of the envelope: $6K per month is $1,000 per month of cashback
Do you have a typo somewhere? $1k of cashback for $6k spend works out to 16.6%, which is very high. $1000 per year is far more reasonable.
It's the opposite. 1.5% of zero is zero, but 1.5% of a large sum is something material. The cashback credit cards are worth for those who spend a lot of money for it to be worthwhile.
Back of the envelope: $6K per month is $1,000 per month of cashback (or airline miles, points, etc).