How much was the ding to my credit worth? [UPDATED]

Not that many years ago I closed a Macy's credit card account, to lighten my wallet.  As revealed a week or so ago I once again applied for the Macy's card.  No I am not a huge Macy's customer.  However, there are a few things I like to buy at Macy's, like shoes, and I venture in every so often.  I generally turn down all requests for store cards anymore because I have all I really need.  Plus I am one to use my cash back rewards card.  One card is both convenient and income producing.

Did I mention that I earned $1499.38 in cash back and rebates in 2011? 

That is bar-none the most I have ever seen come back in.  Considering my purchases were way down in 2011, this reflects: business purchase, strategic bill paying with credit, maxing out of bonus periods, and rebates for things I had to buy (like a stinkin' clicker for class).

Okay, I ventured way off topic.  To continue with the Macy's card - I made 2 purchases and only decided on the 2nd one that day to apply for the card.  It was a financial decision and the clerk reversed my first charge to assist me with saving more money when I applied for the card with the second purchase.  That day, not taking into account the savings from sales and buying on clearance, the card saved me $48.95 off what I would have paid with my cash back card.  In case you are wondering I would have earned $2.80 $3.29 in cash back on my visa card. 

**adjustments when I realized I based cash back on the initial discounted charge

This meant I immediately saved an extra $46.15 $45.66 on the day of purchase.

My bill from the new card came in the mail today.  As promised on the day I made the purchase, my account was credited 20% of the purchases made that day.  This equates to an additional $56.08 in savings from things I was going to purchase anyway. 

Making the total ding to my credit worth $102.23 $101.74. 

**a small decrease but still decent