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S5 E10: News Break: How to Maximize Your Credit Card Rewards/Klaviyo IPOs

17 snips
Oct 11, 2023
This podcast episode dives into the world of credit card rewards in e-commerce and offers strategies for maximizing savings. They also analyze the Klaviyo IPO and its valuation, revenue, and growth. Discussion includes cash back vs. points, Klaviyo's marketing expenses, and their unique segmentation in the e-commerce industry.
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ADVICE

Maximize Cashback

  • Maximize cashback with a Bank of America card offering 2.62% on all spending, no limit.
  • Requires keeping $100,000 in a Bank of America account, but the bonus persists even if the balance dips later.
ADVICE

Specific Card Recommendation

  • Get the Bank of America unlimited cash rewards card.
  • Maintain $100,000 in your account to unlock the 2.62% cashback bonus.
INSIGHT

Cashback Tax Implications

  • Cashback is often treated as tax-free, providing additional savings.
  • Expense the actual cost after cashback, not the pre-cashback amount, and withdraw the cashback.
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