Does anybody know the formula that is used to figure out how much money you make from the amount of points you make???
Under the new points system:
If you are redeeming the $10 cash reward, it's $0.10 per point;
If you are redeeming the $50 cash reward, it's $0.17 per point;
If you are redeeming the $200 cash reward, it's $0.20 per point.
I just found out today that I have the “old” version of the app.
...and, based on the annual rate of $205, using points to extend you membership has a value of almost 20c/ point.
Under the new points system:
If you are redeeming the $10 cash reward, it's $0.10 per point;
If you are redeeming the $50 cash reward, it's $0.17 per point;
If you are redeeming the $200 cash reward, it's $0.20 per point.
I am still on the OLD system
Does that mean if you wait until you get to $200, you earn .20 for all 200, or is it like the tax system, where the first amount is taxed at a lower amount...and the subsequent points earn more?
And...if you are on the old app, you can only earn .17 points even if you earned 1000 points in a given month?
If you redeem 1,000 points you get $200, so yes 20c for each of those points.
