Doesn’t matter to me. I have like 10 different credit cards to get the best cash back depending where I’m shopping. Currently the best I get at Microsoft would be 2% so this is a pretty sweet card.
Yes but if you need 1500 points at minimum before you can cash out, that means you aren’t seeing any cash back until you’ve spent $300 at Microsoft. The payout might be bigger, but you have to wait a lot longer to get it.
If that’s worth it for you, that’s great! But if I’m spend $60 at Microsoft a few times a year, I might rather just have $1.20 next month that I can spend on many things than $3.00 in two years that I can only spend at Microsoft.
Credit scores usually go down with every new card you get, it only goes up when you’ve been stable with current card(s) (usually for, house etc (usually for 1-3 years range). Cause then they know you’re reliable with money in your current life situation.
ScoobyDoo27@lemm.ee 1 year ago
Doesn’t matter to me. I have like 10 different credit cards to get the best cash back depending where I’m shopping. Currently the best I get at Microsoft would be 2% so this is a pretty sweet card.
SeriesOfTubers@lemmy.world 1 year ago
Yes but if you need 1500 points at minimum before you can cash out, that means you aren’t seeing any cash back until you’ve spent $300 at Microsoft. The payout might be bigger, but you have to wait a lot longer to get it.
If that’s worth it for you, that’s great! But if I’m spend $60 at Microsoft a few times a year, I might rather just have $1.20 next month that I can spend on many things than $3.00 in two years that I can only spend at Microsoft.
bob_wiley@lemmy.world 1 year ago
Sludgeyy@lemmy.world 1 year ago
You want a ton of cards to get good credit
5% is a lot bigger than 1%
Rewards add up
bob_wiley@lemmy.world 1 year ago
MrScottyTay@sh.itjust.works 1 year ago
Credit scores usually go down with every new card you get, it only goes up when you’ve been stable with current card(s) (usually for, house etc (usually for 1-3 years range). Cause then they know you’re reliable with money in your current life situation.