I have a Chase Freedom card and it gives me 3% back on my top 5 categories and after I get $200 in cashback saved up, I get an extra $50 because I have the premier checking account too. That was a good enough deal to make me quit using my Discover card. Now, in a few months, Chase Freedom is changing to a point system. I didn't read all of the details but I know they are getting rid of the $50 bonus. Bummer. I was almost there. I got it once last year and it was very nice. Maybe I will go back to using my Discover card. I don't know yet. I know I don't like switching back and forth between cards. That means 2 bills to pay and keep track of.
Personal Finance bloggers love to review credit cards and compare the best deals so I will wait and read their blogs and see which card comes out on top this summer.
How did you find out about this? I know there was a point system choice when I first got the card a few months ago but I haven't seen anything more about it since. I have also made this my primary card mainly because it offers the highest percentage compared to my others.
I really don't want another card with "points." I have a couple of those. I wanted this for the cash back and nothing else.
Maybe I should read some of those blogs too. I have an Amazon CC but never use it. If there was one with a good reward/cashback bonus I would consider getting it.
Kevin, I can still convert the points to cash but I was most disappointed about the loss of the $200 to $250 upgrade. I have been hearing about changes to the card for a while now. People get "the letter" and then the rules change. I got "the letter" last week.
Over the Cubicle, the Digerati Life reviews credit cards quite often. I was just reading some reviews today. I'll keep Chase for now unless they start charging me that $30 annual fee that I have been hearing about.
I charge so little on my CC (maybe $200 a year) that I have no interest in any of these cashback things (I use cash for most of my purchases, including all the small ones). I am bummed whenever the banks change their rules. The biggest of those rule changes took place in the late 1990s which had me looking elsewhere but not finding anything better as all the banks did a "race to the bottom".
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