How to Use Credit Card Reward Points
I'm a fan of credit card cash back rewards. I like to save them up and buy gifts for my friends and family members. I usually use my cashback rewards right on Amazon at checkout. But when CapitalOne announced the same functionality, I got to thinking - is this such a good idea? In this video, I answer that question and look at the most efficient ways to use your cash back rewards.
What's your go-to cash back rewards credit card? Let me know in the comments.
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Пікірлер: 11
Great video man! Never thought about it like this, super informative!
@PracticalPersonalFinance
3 жыл бұрын
Glad you found it useful!! :D
My favorite CBCC might be the X1 Visa that's coming out soon! We'll see. Andrew this topic was awesome. I didnt even think that you dont get cash back. I wanted to make a video on why we should redeem the points immediately for the opportunity cost and ill have to use this too! Thanks for sharing man
@PracticalPersonalFinance
3 жыл бұрын
Thank you Jessie!! Can’t wait for this Wednesday!! My video with you came out great!!
@JessieOpportunityCostInvesting
3 жыл бұрын
@@PracticalPersonalFinance Thats awesome! So excited!
Great video Andrew! I love cash back credit cards! Not many available here in the UK, I'm probably getting just under 0.5%. Every little helps :) Keep up the awesome content!
@PracticalPersonalFinance
3 жыл бұрын
That’s so interesting about the difference overseas!
I tend to buy high dividend yield naked puts on one of my cashback credit cards lol So, I make an extra percentage whether the trade goes through or not. if the trade goes through I estimate 6-10% dividend yields and the trade is effectively %1.5 cheaper due to my cash back. sadly stocks don't give rewards points on my card, or it would be a 4/4 knockout that way even if the stock goes down, it needs to drop 7.5-11.5% for me to lose, and that's not even considering the naked puts i utilize to bring that overhead even lower.
Plzzz help me......I want to take full advantage of my rewards
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