Originally Posted by
shoreline
Of course, it's not exactly 5% back, but I am certain he was talking about the IB 5x issue.
Yes, it was 5% back. You can redeem for 1 cent/1 point check. Or, you can get the ink cash back card, the sister card to the premium travel, that offers the same category bonuses as a straight 5% statement credit.
For each of us milking this for FF miles, there was a SDer or FWer milking it for cash back (churn 10k, get $500 cash).
People here just happen to like miles, not everyone flies though, and many can still recognize a good cash rebate deal.