Cash Back Credit Card II: rebate category madness
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(Update 07-28-2010) I found Citi® Platinum Select® AAdvantage® World MasterCard® to be interesting. AA actually offers 3 cards: Master Card, American Express or Visa. They has a 30,000 miles promotion as of now. Another card, which is more useful in our daily lives, is the Upromise® World MasterCard® credit card with Dining & Grocery Rewards, offered by BoA. But I think I will go for the Subaru card, for the 3% cash back (Subaru dollars, good at Subaru dealers for purchase or service).
(Original)Costco American Express Card
1% everything else (including Costco purchase)
5% gasoline, hotels, movie and theme parks (July 1st to Sept 30). Discover rotates the 5% cash back category every quarter.
1% for everything else (after meeting those $2,000, $3,000 spending requirements, as I said in earlier post)
Citi Dividend Card
Citi Dividend changed its policy from July 1. It no longer offers 2% (3%?) cash back on groceries etc. Instead it’s taking a page from Discover Cash Bonus Card, doing the rotating category thing. For instance, for this quarter (July 1 to Sept 30) it offers 5% for restaurant (needs enrollment).
It offers 1% for everything else.
3% cash back on gas station, restaurant, office supplies and car rental;
1% on everything else
So for this quarter, I will use Discover Card for gas station, Citi Dividend for restaurants, Citi Pro for office supplies, Amazon Chase Card for Amazon (3 points per dollar) and Walgreen (2 points for $1 at drug store) shopping, and so on. It seems I need an app for that 🙂
MyMoneyBlog has a nice post “New Credit Card Trend: Rotating Rewards, Swiss Army Style” explaining the rationale behind the rotating category and tips (not apps) using those cards.