URGENT
Card option 1
4% back on gas,
3% back on Restaurants and travel
2% back on Costco purchases
1% back on all other purchases
Card option 2
1% back when you buy something
1% back when you pay your bill
For this problem, assume you'll pay your bill in full, meaning you get 2% back on all your spending
Use these numbers in your calculations to determine which of the credit cards would give you more cash back for this spending.
Gas Purchases
$1,784.75
Restaurant
Purchases
$6,4771
Travel Purchases
$4,254
Costco Purchases
$2,480.50
All Other Purchases
$16,218