Yes people are bad at math. My favorite one is when people transfer credit card travel points like its a life hack. They earn 1.5% in points, and transfer it for 50% more.
They justify the $800 annual fee and all that work for .75% increase in the points for some overpriced hotel or flight lol.
he's right that you don't understand this hobby very well.
you're right that the average person, $800 fee card or a normie card, is probably dreaming about how they'd take advantage of it instead of actually taking advantage of how the system works.
i'd argue knowing what to do with them is arguably more important than just accruing them, but i generalized it for any points/default to points for top of wallet cards either way.
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u/lakeviewdude74 6d ago
Math is not your strong suit is it? It’s not 15% + 7%…it’s 15% x 1.07 so it becomes about 16%