Credit 
9
comments

5% Cash Back at Supermarkets & Gas Stations

Citi® Diamond Preferred® Rewards CardThis offer has expired.

Well well, it looks like we finally have the return of a long lost cash back favorite from a year or two ago… the coveted 5% cashback on supermarkets, drug stores and gas stations credit card in the form of the Citi Diamond Preferred Rewards card. (if that’s not your thing, here’s my list of the best cash back credit cards)

A few years ago, there were a dozen of these types of cards. In the last year, that number dropped to zero. Those that did exist only offered it on gasoline and imposed ridiculously low limits such as the Discover Open Road card (gives 5% on gasoline but only up to $5 a month!). Back in the heyday, each were vying for “share of wallet,” the industry term for how much of your spending gets put on their card. They often earn a couple percentage points per transaction so the hope is that you use the card for more than the 5% categories, which is a loss leader for them (this ignores the finance charges, fees, and other charges they impose for a variety of reasons).

Looks like they’re making a come back with the Citi Diamond Preferred Rewards card is leading the way.

Any catches? Yes, there are a few. Like all Citi cards, the cashback now comes in the form of ThankYou Network points rather than straight up cash. Those with student loans can convert the points into “cash,” making it a truly 5% cashback card. If you don’t have student loans, you’ll have to take it in the form of gift cards to get a full percentage value. You can always sell the gift cards and still get close to 5% cashback in the worst case.

Another catch is that the 5% promotion is for the first 12 months. I normally don’t like promotional offers (with the exception of when the Citi CashReturns had 5% cashback on everything) but right now this is the only card that offers 5% on the “everyday shopping” category (which includes supermarket, drug stores and gas stations). There are a couple alternatives if you’re looking for a gas cashback credit card, but none exist (to my knowledge) for supermarkets.

Finally, the only limit on cashback is an annual limit of 75,000 ThankYou points – it’s unlikely you will reach that limit ($15,000 in spending in the 5% categories!).

Some other features that may be of interest: 12 month 0% APY balance transfer, no annual fee, 1% cash back on everything else. The 12 month 0% APY balance transfer is nice but it has a balance transfer fee of 5%, I’d pass on that. The no annual fee is standard and the 1% cashback on everything else is also pretty standard.

Overall, I think this card is a good option if you’re looking for a way to shave 5% off your supermarket and gas bills.

Blue Cash from American Express. The Blue Cash from American Express offers 5% cashback at supermarkets, drugstores and gas stations with no limit whatsoever. The card also offers a 0% balance transfer for 12 months with a 3% transfer fee capped at $99.


 Credit 
5
comments

$250 Chase Freedom Rewards Screenshot

It sounds like Chase is giving new cardholders some grief when it comes to collecting on the $250 promise they made with their $250 new cardholder promotion, so I hope that I can give some words of advice for everyone.

  • Since Chase is giving many people grief, I recommend not participating in their promotions in the future. When I signed up for the American Express Business Gold card, which promised me 25,000 Membership points, they delivered without a single question. That’s how you run a promotion, customers shouldn’t have to fight you or show proof, just to get the promotion you offered.
  • That being said, make sure you were actually eligible, the offer was a limited run promotion but it was alive and dead so often in a short period of time, even they might be confused.
  • Get it escalated to a supervisor and keep plugging away until they demand a screenshot, then send them this screenshot.
  • Don’t let them beat you, perseverance will get you your rightful $250. $250 is a lot of money, don’t let them take it from you.

Good luck!


 Credit 
53
comments

Chase Freedom(SM) Rewards $250 Bonus Is Back

The Chase $250 bonus promotional offer is no longer available.

A couple months back Chase was offering $250 after your first purchase on their new Chase Freedom® Visa – $50 Bonus Cash Back and now that offer is back!

The first time of the offer terms is hard to read but I believe it says that you’ll get points that can be redeemed for a $250 check. The bonus offer is valid only for first-time card members with new accounts…. Existing card members/accounts are not eligible for the bonus offer (I think this refers to existing Freedom card members, but I’m not 100% sure). Act quickly because this offer died fast last time around.

(Click to continue reading…)


 Credit 
18
comments

Chase Freedom(SM) Card Review

You’ve probably seen numerous promotions about the latest card from Chase, the Chase Freedom® Visa – $50 Bonus Cash Back, and the recently expired $250 promotional bonus for signing up for the card; but if you are like me, you never really took a look at the merits of the card to see if it was worth applying for. From a superficial glance, I would say it looks like a solid gas station card as it offers some great cash back percentages.

(Click to continue reading…)


Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2014 by www.Bargaineering.com. All rights reserved.