Originally Posted by
Brian Chen
The way I view it is that at $75,000 you can instead put this in a 2.15% high yield interest rate account like citizens access or purepoint and yield about $390 for those 90 days that you have to place in the chase account. Compare that to the 60,000 miles you get which is equal to about $600. So your net gain is about $200 -- so how much trouble do you want to net out only $200
I think most people would value the 60k UR at much more than $.01 . I would conservatively say $.018, over $1000 in travel. Plus all of the interests or investment profits made for 90 days.
Originally Posted by
blargle
Not sure your math is right on that - it's 75k across Chase accounts, so your money would be in a You Invest account earning 2.19% in VMMXX or similar money market fund.
Exactly. It doesn't have to all be in the low interest rate checking account.