How to max out credit card rewards

re: How to max out credit card rewards

julie — Tue, 14 Jul 2009 13:20:56 GMT

the discover cards only pay .25% of $1.00 until you have spent 3k then you get 1%.

also each year they put you backto your anniversay date to force you back to starting over at .25% of $1.00

re: How to max out credit card rewards

FairyDust — Wed, 18 Mar 2009 19:41:26 GMT

One thing to be very careful about with cards that provide certain % rewards on specific categories is that the actual store has to also use that same category when processing its cc transactions. For example, if I have a cc that offers 3% reward on purchases at a grocery store, but my local grocery store has signed up with its credit card processing company under the category of "other" because it also sells, say, furniture or clothing items, then my purchases there will be listed as "other" not "grocery" and I won't get the 3% back, just the default rate which is usually 1%.

I remember being so excited about a business cc I signed up for that would give an introductory 5% back on office supplies, but then I discovered that the store I was buying my office supplies from wasn't categorized as an "office supplies" seller, so no 5%. And the real kicker is that you can't really find this out until after you have the card and make a purchase somewhere, then do the calculation on the reward points from the purchase to see if you're getting the % you expect or something else.

Just a Buyer Beware thing :)

re: How to max out credit card rewards

Marge — Wed, 30 Jul 2008 19:12:47 GMT

the Chase Freedom credit card give 3% cashback in the top three categories you spend each month, then 1% on everything (only up to cash spending of $600.) They give a bonus if you save up the rewards to $200, they'll give $250 so that is like 1.25%. The 15 categories are gas, gym, grocery store, drug store, and some others like vetrinary services, dry cleaners where you wouldn't normally earn 3% back. Plus you get $50 cash back after your first purchase!

re: How to max out credit card rewards

Lisa — Tue, 29 Jul 2008 20:01:57 GMT

I use links like MyPoints or Ebates to go through to the store site and purchase the items, then I use my Rewards credit card to purchase them. I also search for codes to get more discounts at the checkout page.