Originally Posted by
scubadu
Well, this statement is true, but the important question is why in the world would you leave $100k sitting in an exceptionally low interest yielding checking or savings account?
The thing I think people miss about the "alternative miles earning" opportunities (i.e. miles for checking, miles for electricity, etc.) is that most of the time you are not "earning" miles; you are simply buying miles through either a lower interest rate than you'd earn elsewhere, or a higher electricity rate, etc.
To each his own I suppose, but it seems to me that many FTers, in their obsession with miles, often end up spending a dime to save nickel...
Regards
I think most folks understand that they're giving something up. They have just concluded that the trade is worth it. And on that point, I agree with your conclusion that some are "spending a dime to save a nickel".
At the end of the day, it all comes down to the value of mile/point and the hard cash you'd give up to get a mile/point. Those should be two amounts with a decent spread between them-otherwise you're spending a dime to get something you think might be worth a dime later.