Comments on: Credit Card Rewards Offers

By: Card Credit Reward - Credit Card Rewards - Credit Card Forum « Card Credit Reward

Wed, 18 Feb 2009 03:36:40 +0000

[...] Credit Card Rewards OffersMany cards offer bonuses or rewards, such as earning mileage points with specified airlines, cash back on purchases, or discounts on other services and goods. These bonuses and [...]

By: Card Credit Reward - Reward Credit Card - Airline, Cash Back, Rebate Cards & More « Card Credit Reward

Sat, 14 Feb 2009 02:50:39 +0000

By: hl

hl — Sat, 23 Feb 2008 04:48:03 +0000

There are many credit cards that offer cash back once you accumulate enough points/rebate typically starting at $25. Persoanlly I am very disappointed with these card because even at 5% cash back I will need to charge at least $500 before I can request a rebate check. Unless you keep using the card if you’ve accumulated rebate but not enough to redeem for the rebate check and decide to use a new card all is lost. I would prefer the cards where the rebate is posted and redeemed every statement period.

By: gkr

gkr — Wed, 15 Aug 2007 13:38:37 +0000

For any credit card business they have to make some money. So they give rewards mainly to increase the number of purchases and thus make their share of money.

As James comments, there can be higher APRs or annual fees for good rewards. But there can also be situations where there are best rewards along with no annual fee, low APR 12% etc. This is possible in cases where there is a condition of minimum number of purchases. After all that is what drives their business. For example, a Marathon gas credit or a Chase Perfect Credit card offer rebates of 10% and 6% respectively on gas purchases for first two and three months respectively. Their annual fee can be waived if you make atleast nine purchases per year.

There are some cases in which the 5% or so rebate is available during a festival season or any special occasion. This is also to increase the purchases but for a specific type of purchase. That implies they make their money with the product manufacturer under consideration.

By: James

James — Sat, 28 Jul 2007 10:32:03 +0000

One thing to remember with rewards cards is that they come with a price. This may be a higher interest rate, but it may also be things such as a shorter interest free period or an annual fee. You need to spend a long time reading through fine print – as well as paying off your balance promptly.

That’s why blogs such as this one are so good, as in effect Bankaholic is reading the fine print for you (although you should still read it, it just means that you need to discard less).