Originally Posted by
ChrisFlyer66
Are you sure it is really a $2000 loss?
Originally Posted by
josephstern
Yeah - I don't understand at all where the $2,000 comes from here. And is it a loss to you or the bank?
$20,000 CL x 5 = $100,000 spending. 2% of $100,000 = $2,000 cashback.
Also, for BA Premium Rewards, the top tier earn 2.625% cash back. I'm sure no swipe fees can cover that cost if you cycle it 5 times.