Re: Cash back MC/visa?

From: The Varshavsky Family <varsh@concentric.net>
Subject: Re: Cash back MC/visa?
Date: Wed, 09 Dec 1998 22:54:25 -0500

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>What good cash back (specifically) cards are out there?

I currently have:

CashReward Visa (Chevy Chase Bank) - 1% cash back on all purchases
Gulf MC (Fleet Bank) - 1% back on all purchases toward purchase of Gulf
gasoline
   (Exxon had similar card, and if you buy their gas anyway, it's as
good as cash)
Bell Atlantic (Chase Manhattan Bank) - 1% back from all purchases
                                                           2% back from
your BellAtl. bill
                                                           3% back from
BellAtl. calling card charges
                                                           They send you
a cash certificate when you earn $20+
Chase Manhattan Bank MC with Retail Reward program - 5% back from
purchases you make
at one choosen retailer (we frequent WalMart and it was on the list -
bingo!) This program costs
$25/year, but we easily beat this by our charges, YMMV
(BTW, I've learned about this card on persfin!)

All these cards are rent free, gold/platinum (it this matters anymore,
which I doubt. I just wonder
what will be the next metal to be used after gold-platinum-titanium...
Uranium?)  If you care about
interest rate, check for yourself, since I have no idea (never ever paid
a finance charge, sorry :)

A year ago I got a Private Issue card (a.k.a. "Discover Gold Card"),
which tops cashback at 2%,
and it was the best choice then, but in 2 months they "adjusted" the
scale, so 2% is reached at $12,000
(not $5,000 as before - what a smart move! :)   and it doesn't make
sense for us anymore. Case closed.

Good luck,
- -Boris
Dover, NH




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