Understood. But, if you're going to consider the opportunity cost of the cash back, then you also have to incorporate the benefit of having the cash for a short period of time in an interest-bearing account before you pay the credit card bill.
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Alcibiades:
I see what you mean about unquantifiable benefits 1MM etc, but IMO cashback opportunity costs should also be considered in the cost benefit analysis, and then each individual can make their respective decision.
E.G.
1% of 125; in purchases is $1,250; 1.5% is $1,875. Its difficult to get a 1st Class Awards ticket to Europe in general, very difficult in peak times. Calling 330 days in advance might help, but scheduling flexibility is diminished also.
[This message has been edited by Alcibiades (edited 09-24-2003).]</font>