Cash reward cards

All answers are wrong.

This especially applies to cards that give signup bonuses.

When they do their marketing on aggregate, they count on idiots not being able to pay off their purchases in time to avoid interest. In general, most people get sucked into this spending money to get points and not realizing they are spending more than they can afford. Once they kick into APR territory, it far makes up what they are losing in rewards.

Basically you are streaming your reward cash off of people who spend so much they pay 18%+ in interest, and BOA keeps the rest.

I love these cards. Have a good day!

Plenty of retards out there who continually go overboard on spending and get eaten alive by compounding interest.

This. It is about fine / interest and not about the cashback. Cashback is Just an incentive to catch the retards

the absolute state of people who regularly maintain a sub-10% credit utilization ratio

One guy gets it, as I was typing mine :D

Wait, is the max 40k or 2k? Because if it is 2k, you get only $100 back.

I'm surprised this is legal in today's age, to be honest. Shouldn't Blumenthal be all over this?

Max is $2000 cash back, last year I got a bit over $600 from it.

> last year I got a bit over $600 from it.

I think you are litereally full of shit. What are you, 12 going on 45? Quite acting like," I knw credit cards and as long as I keep saying MUH TERMS no one will not question me!"

There is no fucking way the credit card company is giving you that much. What are you? A fucking elite?

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I'm a bit confused how I've got such a good deal too, its why I made the thread.

Okay well if its a legit company you should be fine, the most ive seen is 3% no fine print but fuck man you got a deal going.