Go to Jeff Salisbury LWGate Home Page.From: SMabel555@aol.com
Subject: re: Rebate Credit Cards
Date: Wed, 9 Dec 1998 00:28:20 EST
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> Date: Tue, 8 Dec 1998 00:03:36 -0500 > From: Mike Machnik <machnik@tiac.net> > Subject: Cash back MC/visa? > >What good cash back (specifically) cards are > out there? I know of GE Rewards, which has a $25 fee if you pay in full. Discover pays me .25% up to $1K, .5% from $1K to $2K, .75% from $2-3K, and 1% above $3K.Just today I got an offer for a 'deluxe' Discover. For an $18 fee, you get the same thing up $10K, then 2% above that. It also offers a lot of "Gold Card" type features like rental car insurance, etc. I buy all my gas, groceries, plane tix, etc. with my Discover. In a typical year I spend $5K and get somewhere around $50 back. NOTE: If you pay any finance charges (at 19%), you QUICKLY lose the advantage of cash-back. Many restaurants don't take Discover. (800-347-2683) I have received offers from Capital One Visa and Shell MasterCard. Capital One Platinum pays you .5% up to $3K, then 1% above that and only charges 10% interest and no annual fee. (No 1-800 number given). Shell MC pays 1% on most purchases, and 5% on Shell Gas purchases BUT THE REFUND IS PAYABLE IN SHELL GAS, not cash. Interestingly, in my home town, the Shell Station is usually 5% more expensive than the generic stations!! They charge 9.9% and waive the $20 annual fee if you buy a certain amount of Shell gas. (For an application, 800-free-gas) Interesting note: Once or twice I've been late with a payment to Discover (I always pay in full, I was just on vacation or lost the statement). Each time, Discover graciously credited me for all late fees and finance charges after one phone call, thereby saving my cash-back bonus. On the other hand, I was a week late on one payment to Capital One and they said 'tough luck'. That $20 late fee and $15 finance charge would have wiped out a modest cash-back amount. Good luck, Scott - -
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