Looks like it's targeted and new? because I can't find anyone else talking about this offer. Came as a push notification and led me to this page in the app.
I was wanting to wait to be under 5/24 in July to get the CSP, but 9% or 6% on Gas sounds so good right now with Gas prices, as well as 9% or 6% on another category of course. Can someone run the math on the break even point for 6 months of 9/6/3% over the CSP SUB or even just a standard $200 SUB?
Venmo Credit Card Triple Cash Back for 6 months SUB
byu/FallenArtemis inCreditCards
Posted by FallenArtemis
3 Comments
That’s a great offer. I would apply for it instantly if I am targeted for it. All I see $100 cashback on a spend of $500.
Given that $200 is 10% of $2,000, it seems to me you’d have to spend at least over $2,000.00 in 6 months to break even on a $200 SUB. I think maybe $2,222.22 but somebody check my math. Anything over that you’re “profiting” compared to the $200 SUB. But remember that if the SUB is getting $200 for spending $1,000.00, you’ve already got a 20% base cash back rate. So the $200 may be more “efficient”.
Sounds like a good alternative to PayPal Debit or Bank of America cards reducing their rewards and percentages for those needing Costco as a category.
If you spend $5,000 only in the top category, that’s like getting a $300 signup bonus versus getting $750 worth (or more CPP if transferred to partners for travel).