Cash Back Credit Cards Terms
Guest: JaneiR36
Credit Expert (100+ Posts)
Post subject: Cash Back Credit Cards Terms
Posted: Sat Aug 05, 2006 8:46 pm
EasyRhino, the pathetic points are also a problem I have to deal with. For instance, a friend just told me of a card with a local bank (National City) that offers 3 or 4% on restaurant purchases. I wanted to go with this, but they give 4% for gas and only about 2% for groceries whereas I get 5% for gas and groceries from Chase. Not to mention, you have to make $10,000 in purchases and get the .25% rewards on everything else before you can start earning a full 1%. So whereas the 4% on restaurants seems great, how much could I possibly eat before I cash in on that?
I agree about being naive, too. Discover was my only rewards card for a while there and I didn't even know I had to sign up when they had those "Get More" promotions. I didn't know why it took so long to get my rewards, either. For them, I think you get .25% until you hit $3000 or so, and then at another mark you start getting .5%, and then finally you earn a full 1% on all purchases except for the straight up 5% if you're signed up for their get more purchases. And then it resets at your anniversary every year. As you can imagine, I only use this for Get more, and thankfully they let you start redeeming at $20.
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Guest: shan
Posted: Sun Aug 06, 2006 2:06 am
Polonius has the right idea! The banks make enough money off of us. Why not take advantage of any opportunity to get some of it back? After all, they are only using these promos to entice us to spend more!
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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Sun Aug 06, 2006 7:51 am
Quote:
Walmart every month, and only my Chase cards give me rewards on that so far.
What exactly are you currently getting on your Wal-Mart purchases?
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Curtis Arnold
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Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 8:55 am
Quote:
For instance, a friend just told me of a card with a local bank (National City) that offers 3 or 4% on restaurant purchases. I wanted to go with this, but they give 4% for gas and only about 2% for groceries whereas I get 5% for gas and groceries from Chase. Not to mention, you have to make $10,000 in purchases and get the .25% rewards on everything else before you can start earning a full 1%. So whereas the 4% on restaurants seems great, how much could I possibly eat before I cash in on that?
I dont think it is worth the time to try to get the best from several cards....I try to stick with 1-2 cards for everyday use....I agree the Chase card with the 5% back at Walmart Supercenter is the best everyday use card. Then another card with 1.5-2% back on everything else is a good bet...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: Cash Back Credit Cards Terms
Posted: Sat Aug 05, 2006 8:46 pm
EasyRhino, the pathetic points are also a problem I have to deal with. For instance, a friend just told me of a card with a local bank (National City) that offers 3 or 4% on restaurant purchases. I wanted to go with this, but they give 4% for gas and only about 2% for groceries whereas I get 5% for gas and groceries from Chase. Not to mention, you have to make $10,000 in purchases and get the .25% rewards on everything else before you can start earning a full 1%. So whereas the 4% on restaurants seems great, how much could I possibly eat before I cash in on that?
I agree about being naive, too. Discover was my only rewards card for a while there and I didn't even know I had to sign up when they had those "Get More" promotions. I didn't know why it took so long to get my rewards, either. For them, I think you get .25% until you hit $3000 or so, and then at another mark you start getting .5%, and then finally you earn a full 1% on all purchases except for the straight up 5% if you're signed up for their get more purchases. And then it resets at your anniversary every year. As you can imagine, I only use this for Get more, and thankfully they let you start redeeming at $20.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shan
Posted: Sun Aug 06, 2006 2:06 am
Polonius has the right idea! The banks make enough money off of us. Why not take advantage of any opportunity to get some of it back? After all, they are only using these promos to entice us to spend more!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Sun Aug 06, 2006 7:51 am
Quote:
Walmart every month, and only my Chase cards give me rewards on that so far.
What exactly are you currently getting on your Wal-Mart purchases?
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sun Aug 06, 2006 8:55 am
Quote:
For instance, a friend just told me of a card with a local bank (National City) that offers 3 or 4% on restaurant purchases. I wanted to go with this, but they give 4% for gas and only about 2% for groceries whereas I get 5% for gas and groceries from Chase. Not to mention, you have to make $10,000 in purchases and get the .25% rewards on everything else before you can start earning a full 1%. So whereas the 4% on restaurants seems great, how much could I possibly eat before I cash in on that?
I dont think it is worth the time to try to get the best from several cards....I try to stick with 1-2 cards for everyday use....I agree the Chase card with the 5% back at Walmart Supercenter is the best everyday use card. Then another card with 1.5-2% back on everything else is a good bet...
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 6:05 PM
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