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Sofi is increasing the cashback on their no annual fee card to 2.2%: https://www.sofi.com/blog/sofi-credit-card-reward-boost/ Requires direct deposit. Looks like this currently an indefinite promotion (no expiration date), and rewards aren't capped either.
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Apr 3, 2024 04:54
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dexter6 posted:3. Do you generally get more for your money redeeming the points for flights vs just getting a cash back card? While we like the idea of booking an international trip using miles as it “feels” free, if cash back is more rewarding I’d rather just do that and pay cash for tickets when we want to travel. Its hard to value miles/points vs cash, because the former can wildly fluctuate in value. For example, you are almost always going to get a better value from miles by redeeming them for business/first class flights than for economy fares. If you would actually pay the cash price for the higher class service, there is potential value there. If not, cash might be better. Personally, I use cashback cards for everything. Its not too hard to get 3-5% cash back on most things, and cash can be spent on anything. Cash rewards are also paid out regularly and can earn interest once redeemed.
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May 5, 2024 17:30
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Sign up bonuses are nothing new, there is no secret downside. The credit card companies are hoping that the lifetime value of new cardholders is much higher than the cost to acquire them via bonuses and other promotions. Re: 0% APR, its a good deal too, just remember you still have to make the minimum payments every month.
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May 16, 2024 07:18
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Cacafuego posted:I, too have opened several business cards for no other purpose than churning the rewards points. I’ve not had any issues getting them and I don’t actually have a business. Lying to a bank in exchange for monetary gains is textbook fraud, which is why some people are hesitant to do this.
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May 16, 2024 23:50
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