Originally Posted by
Happy
You are incorrect at least in 2 assumptions - '
1) many of us dont have WMTs that still take no name Gebits, hence it would no be $7 for $10K, it is more like $18 instead. At least that is how much the grocery chain here charges.
Btw, this statement is irrelevant. You clearly didn't read my logic. If you plan to compare apples to apples, you need to compare my $202 cashback to your 10k SPG miles earned from the SAME activity.....that is buying $10k in gift cards. The previous poster started comparing my AFTER COST profit, to the gross earning of 10k miles.
How much the fees are, and how much GC cost is irrelevant. Even if they're free. The fact remains, you're trading $200+ (or $300 if you have a 3x card) in exchange for 10k SPG points, and that's the trade that VERY rarely makes sense.