01 Mar 2022
Understand that PPV offers bonus of UNI$10 per $5 spend but cap at $1,100 for mobile contactless payment. Is it safe to assume that the first $1,100 will be considered UNI$10, and amount spend beyond that will be counted using the base which is UNI$1 per $5 spend? If so, excluding the bonus for PPV can it be concluded that PRVI is in a way better since the base is UNI$3.5 per $5 spend?
Btw, open to any inputs of other credit cards that may seem better than the above 2.
Thank you in advance!
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02 Mar 2022
Founder at thefrugalstudent.com
You're correct in understand the cap on the bonus points for PPV.
But no, I don't think PriviMiles is considered better than PPV even if you exceed $1.1k spending on PPV.
Say you make a transaction of $3k. Using PriviMiles, you earn 30001.4 = 4200 miles. Using PPV, you earn 11004 + (3000-1100)*0.4 = 5160 miles.
Even when you exceed the $1.1k spending, the 4mpd earn rate on the $1.1k from PPV is usually more than enough to outpace the low earn rate from PriviMiles.
An easier card to use than PPV is HSBC Revolution, since there is no $5 spending requirement to earn miles and no tricky situations like PPV not earning miles at SMART$ merchants. There's also no annual fee and a free mini subscription of entertainer.
The categories to earn 4 mpd are slightly different, but still wide enough by most standards.
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