I was just looking at cashing in some points with my rewards program and I think I may have found a 'cheat' in my favour. I always try and maximise the value I get, and this is normally fuel (or similar) cash cards.
Here are some figures for a $100 Caltex fuel card:
18,600 points (186 points per $)
8,985 points + $50 (179.7 points per $)
5,600 points + $68 (175 points per $)
Now if my sums are correct, the more cash I put in, the better value I get for each point. For something like fuel, which I am going to pay for anyway, I would be better off paying the $68 + 5,600 points.
Any obvious holes in this? Normally you get rewarded for making bigger purchases ($100 card has a better points ratio than a $25 card), but it appears not in this case.
BR
Here are some figures for a $100 Caltex fuel card:
18,600 points (186 points per $)
8,985 points + $50 (179.7 points per $)
5,600 points + $68 (175 points per $)
Now if my sums are correct, the more cash I put in, the better value I get for each point. For something like fuel, which I am going to pay for anyway, I would be better off paying the $68 + 5,600 points.
Any obvious holes in this? Normally you get rewarded for making bigger purchases ($100 card has a better points ratio than a $25 card), but it appears not in this case.
BR