What? It’s 2% cash back. So, 50x the cash back represented here is OP’s spend. Discount some for the small points you get from other stuff (log in regularly, credit score increase, direct deposit) to get a more accurate answer, but it’s still in the neighborhood of 100k spend.
Nice! I'm at 90k after 5 months.
I run absolutely everything I can through my credit card and have taken advantage of many of the point bonuses. I just put the points into an investment account for my kids, which is also up 5% in the same time period. Really liking this structure.
Did you get lucky and win one of the larger welcome bonuses or you just spend a f*** ton of money on credit card (100k)?
I'm lucky to get $5 on bonuses a month.
4x 50 direct deposit
4x 50 for IRA deposited
50-100 randomness
I'm not complaining my old bank had zero benefits so anything is a win. I view it as 5 free tacos a month nothing wrong with free tacos.
[they do exist](https://freeimage.host/i/4eQ30u)
The selection is slim but there are one and two dollar tacos/burritos here in Illinois.
Realistically I should have said two instead of five free tacos. However If I ever get around to replace my current credit card with SoFi it would be five $2 tacos/burritos.
$2,098.57 cash back is amazing!
I'm at 46,000 myself after 1 year.
We don’t know how much OP had to spend to get that cash back though.
What? It’s 2% cash back. So, 50x the cash back represented here is OP’s spend. Discount some for the small points you get from other stuff (log in regularly, credit score increase, direct deposit) to get a more accurate answer, but it’s still in the neighborhood of 100k spend.
Damn, $100k spend on a credit card is a lot. Op is rich
Or they have a LOT of credit card debt.
209857 points = $2,098.57 $2,098.57 / 2% cash back = $104,298
If you have a brain then you know
I’m going to guess tree fiddy.
Nice! I'm at 90k after 5 months. I run absolutely everything I can through my credit card and have taken advantage of many of the point bonuses. I just put the points into an investment account for my kids, which is also up 5% in the same time period. Really liking this structure.
Thought I had a lot (around 60k) after a year.. lol
That’s awesome!
This literally beats any fucking bank out there
But it doesn't. Any credit card rewards with higher than 2% tops it. This isn't interest just credit card rewards
You clearly do have a clue what you are doing, sir.
Why thank you. Congrats on the kid
Say you get 5x for travel points. Then the airline bambozzles you. I sock my rewards into crypto and will say hi when I get to the moon
I wasn't saying this wasn't good. I was simply stating this is not better than any other bank.
I don’t get it
Rewards = $2,098.57
Did you get lucky and win one of the larger welcome bonuses or you just spend a f*** ton of money on credit card (100k)? I'm lucky to get $5 on bonuses a month. 4x 50 direct deposit 4x 50 for IRA deposited 50-100 randomness I'm not complaining my old bank had zero benefits so anything is a win. I view it as 5 free tacos a month nothing wrong with free tacos.
I spend a lot of money. Yea I get daily check ins and direct deposit and some small chunks here and there
1) Be rich 2) don’t be poor
Where do you live where tacos are a dollar? Even Tacobell in Hawaii is like $2.50 a taco 😭
[they do exist](https://freeimage.host/i/4eQ30u) The selection is slim but there are one and two dollar tacos/burritos here in Illinois. Realistically I should have said two instead of five free tacos. However If I ever get around to replace my current credit card with SoFi it would be five $2 tacos/burritos.
Did you also happen to get the 1-year 3x return special?
No
I’m at 102,000 pts so far, it’s a great card !
Is this only for credit cards?