cashback wrote:Can you explain your reasoning on wanting to pay 3% when you can pay less than 1%? Do you like to pay more for things? If so, I have some really cool things I could sell you.
Hahahah...
Its not exactly that I wan to pay more.
Here is what I am trying to do.
I have the old priceline visa card which gives 2x points on the purchases. From one of the recent redemption, I found out that the value of each point can be any where between 1.50-1.75c per piece when used in a right way.
I redeemed a $1000 odd NYOP tickets for 60,606 points. So I paid $606 for a $1000 ticket. I was completely baffled.
Coming back to Chargesmart, I was trying to pay $1300 mortguage and it would incur me a cost of $30.99.
I get 2600 points and assuming I redeem @ 1.65c/point, $42.90.
I thought this equation would work awesome as long as I have the same reward structure.
So coming back to the problem, damm I don't have penfed listed as a biller there.
Bluebird is kool but not enough cards available in my area. Also I felt its tough to manage.