Credit Cards with Stand Alone Rebate Programs
Guest: stevejk
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Cards with Stand Alone Rebate Programs
Posted: Tue Nov 30, 2004 7:57 am
bodeh6 wrote:
"Stand alone" means that at gas stations, purchases made in the store do not count toward the 5% rebate. You earn the normal 1% with the Dividend Platinum Select. You can only get the 5% if you use the pay at the pump. This prevents you from receiving the 5% on things like beer, convience food, and auto repairs. 5% is strictly for gas paid at pump. If you need that stuff(minus the auto repairs), go to a grocery store/pharmacy and then you will get the 5%.
From my interpretation of the fine print, it indicates that the business, depending on how they code the transaction, has to be a stand-alone gas station, as opposed to the gas pumps associated with Wal-Mart. The AAA Visa, back when it was a good deal, specifically said that the rebate was for pay at the pump purchases only. The Citi card, if memory serves me correctly, only says purchases at standalone gas stations. I infer that it includes purchases made inside as well as at the pump.
I also have the Chase Freedom Card (a.k.a. Chase Perfect Card). I once purchased a gasoline gift card at the gas station at the register inside
and I got the 3% rebate despite it being rung up as "labor" -- they had an attached service station. I think they did it that way so that it would not be sales tax (in addition to the hidden taxes in the price of gas) as a miscellaneous purchase would.
Steve
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: joelmeu
Posted: Wed Oct 04, 2006 1:31 am
This question comes up all the time and there is no single, simple answer.
The cash back reward you can earn from credit cards depends on your particular spending profile -- especially how much you spend in various categories (e.g. gas, grocery, restaurants, utilities, etc.)
The free calculator tool at www.CreditCardTuneUp.com makes choosing the best cash back card (or mix of cards) pretty easy. Given your spending pattern, it calculates your expected annual rewards for each of the leading cash back credit cards and even for your best mixes of cards.
You can use the tool for free at http://www.CreditCardTuneUp.com/ .
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ducky95
Posted: Wed Oct 04, 2006 11:44 am
It looks like Discover is not recommended here-- any specifics on why? I thought they were the cash back guys, but it sounds like others may be better?
_________________
Ducky95
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Cards with Stand Alone Rebate Programs
Posted: Tue Nov 30, 2004 7:57 am
bodeh6 wrote:
"Stand alone" means that at gas stations, purchases made in the store do not count toward the 5% rebate. You earn the normal 1% with the Dividend Platinum Select. You can only get the 5% if you use the pay at the pump. This prevents you from receiving the 5% on things like beer, convience food, and auto repairs. 5% is strictly for gas paid at pump. If you need that stuff(minus the auto repairs), go to a grocery store/pharmacy and then you will get the 5%.
From my interpretation of the fine print, it indicates that the business, depending on how they code the transaction, has to be a stand-alone gas station, as opposed to the gas pumps associated with Wal-Mart. The AAA Visa, back when it was a good deal, specifically said that the rebate was for pay at the pump purchases only. The Citi card, if memory serves me correctly, only says purchases at standalone gas stations. I infer that it includes purchases made inside as well as at the pump.
I also have the Chase Freedom Card (a.k.a. Chase Perfect Card). I once purchased a gasoline gift card at the gas station at the register inside
and I got the 3% rebate despite it being rung up as "labor" -- they had an attached service station. I think they did it that way so that it would not be sales tax (in addition to the hidden taxes in the price of gas) as a miscellaneous purchase would.
Steve
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: joelmeu
Posted: Wed Oct 04, 2006 1:31 am
This question comes up all the time and there is no single, simple answer.
The cash back reward you can earn from credit cards depends on your particular spending profile -- especially how much you spend in various categories (e.g. gas, grocery, restaurants, utilities, etc.)
The free calculator tool at www.CreditCardTuneUp.com makes choosing the best cash back card (or mix of cards) pretty easy. Given your spending pattern, it calculates your expected annual rewards for each of the leading cash back credit cards and even for your best mixes of cards.
You can use the tool for free at http://www.CreditCardTuneUp.com/ .
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ducky95
Posted: Wed Oct 04, 2006 11:44 am
It looks like Discover is not recommended here-- any specifics on why? I thought they were the cash back guys, but it sounds like others may be better?
_________________
Ducky95
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 3:47 PM
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