undefined | Better HN

0 pointsmafuyu9y ago0 comments

Chase Freedom has 5% cash back on certain categories that change throughout the year.

0 comments

Freedom and Sapphire cards are amazing because you can combine points between them.

How does that work? If credit card fees are well under 5%.

Sure, fees are under 5%, but what about that one month that you didn't pay off your bill in full? Enjoy that ~30% interest rate on your account balance.

BHSPitMonkey9y ago

1) Chase Freedom's APR tends to be around 20% 2) If you only carry a balance (or part of it) for one month (as in your example) and then pay it off the next month, your interest charge is nowhere close to the APR (and it's only calculated against the portion you didn't pay off).

j / k navigate · click thread line to collapse

0 comments

spyspy9y ago

Freedom and Sapphire cards are amazing because you can combine points between them.

robryan9y ago

How does that work? If credit card fees are well under 5%.

dallbee9y ago

Sure, fees are under 5%, but what about that one month that you didn't pay off your bill in full? Enjoy that ~30% interest rate on your account balance.

BHSPitMonkey9y ago

j / k navigate · click thread line to collapse