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      08-23-2016, 08:35 PM   #75
BayMoWe335
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Quote:
Originally Posted by Flying Ace View Post
generally no. Most enhanced benefits are redeeming for travel categories for enhanced bonuses. Using points just for a 1-for-1 statement credit = "you're doing it wrong".

this guy wrote the general concept:



The base 100,000 points is worth about $1000 in statement credits or gift card redemptions, but if you redeem for travel through transferring points to airlines, you can redeem for flights worth $18,000 with that same $1000 worth of points.

So that's where that "enhancement" comes in to play. B/c to get $18,000 worth of "cash back" in statement credit, you need to spend $1,800,000 at a 1% earning rate, $900,000 at a 2% earning rate, etc on standard cash back cards.
Right, I totally get it...you're just agreeing with me?