by yourmomsaccountant
I’ve created a personal finance tracking spreadsheet that tracks all of my financial activity for the year (2023). Based on the numbers, I have net purchases amounting to $59,767.76. Because I pay the statement balance off in full every month (with the exception of 0% intro offer cards) I have not been hit with any interest. Because I do pay annual fees on my AMEX cards, I subtract the annual fees from the statement credits earned (redeeming of points and/or cash redemptions from SUBs or multipliers), which nets me $2,560.08. Dividing the net statement credits by the net purchases I get a 4.28% return by simply using credit cards. I suppose this percentage would be higher but I do not calculate points/cash that have not yet been redeemed/applied to the respective account.