<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by MeLike2Travel:
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>
That's another benefit that applies to both of our scenarios equally.