FW is reporting that Chase Freedom card holders can earn up to $25:
- $5 for switching to paperless statements
- $5 for adding a cardmember
- $5 for adding 1 or more company for periodic bill pay
- An additional $10 bonus for doing all of the above.
This offer may be targetted, so it’s unclear whether you need to specifically sign up for the promotion to be eligible. If you didn’t receive a flyer in the mail about this offer, it would probably be advisable to clear this up with a CSR first.
Editor’s Note: While the information presented was accurate at the time of publication, it is now outdated. For the latest details on these cards, see the following links:
Posted May 17, 2006 — Is the price of gas hurting your pocketbook? If you don’t already have one, maybe it’s time to consider adding a credit card that gives you a rebate on your gas purchases. Below is a compilation of these cards:
- Citi Dividend Platinum Select – 5% rebate at gas stations, grocery stores and drug stores
- Chase Cash Plus Rewards – 5% rebate at gas stations, grocery stores and drug stores
- American Express Blue Cash – 5% rebate at gas stations, grocery stores and drug stores/1.5% everywhere else once your year-to-date spending reaches $6,500; 1% at gas stations, grocery stores and drug stores/0.5% for the first $6,500 of spending in a year
- Discover Platinum Gas Card – 5% rebate on gas
- Hess Platinum Visa – 10% rebate at Hess during the first 90 days; 5% afterwards
- Chase PerfectCard – 6% rebate on gas during the first 90 days; 3% afterwards
- Marathon Platinum Mastercard – 10% rebate at Marathon during the first 60 days; 5% afterwards
- BP Visa – 10% rebate at BP and Amoco during the first 60 days; afterwards, 5% rebate at BP and Amoco, 2% on eligible travel and dining; 0% at non-BP gas stations
- Speedway SuperAmerica Platinum MasterCard – 8% rebate at Speedway, SuperAmerica, and Rich Oil during the first 60 days; 4% afterwards
Note: Unless otherwise noted, each card also earns a 1% rebate on other purchases. For each card’s full terms and conditions, please visit the card issuer’s web site.
If you carry a balance, then ignore what I’m about to say, as reward cards aren’t for you. Instead, you should focus upon getting the card with the lowest interest rate.
Otherwise, for those looking for a gas rebate card, most will be best off with either the Citi Dividend, Chase Cash Plus or American Express Blue Cash, as they offer the most cash back at gas stations after the promotional period without tying you to a particular brand. Among those three, I would recommend either the Citi Dividend or the Blue Cash, since the Chase Cash Plus card is no longer being actively marketed and appears to have an uncertain future.
For big spenders, the Blue Cash may make the most sense as you’ll be able to fully take advantage of the higher tier of rewards. For everyone else, the Citi Dividend will offer the most value, as you earn 5%/1% from your first dollar. Do keep in mind that there are limits to your rebates. The Citi Dividend limits you to $300 cash back in a year, while the Blue Cash limits your rebates to the first $50,000 of spending in a year.
In case you aren’t familiar with this card already, it offers up to 2% back with no annual fee and no caps. While you also have the opportunity to redeem accrued points for other merchandise, the real value lies in the cash back redemption at the upper tiers:
- 3,500 Points = $25 Cash Rebate
- 6,500 Points = $50 Cash Rebate
- 9,500 Points = $75 Cash Rebate
- 12,500 Points = $100 Cash Rebate
- 20,000 Points = $200 Cash Rebate
- 30,000 Points = $450 Cash Rebate
- 50,000 Points = $1,000 Cash Rebate
As you can see, at 1 point per dollar spent, you can receive 2% cash back once you accumulate 50,000 points. Points do expire after 5 years and since the point exchange values could in theory change at any time, this is probably only attractive for big spenders. As for specifics of this signup offer, as posted on FW:
Call 1.800.807.4293 and apply for the Bank of America Power Rewards Card by July 1, 2006. Make one purchase, within 90 days you will receive instructions by mail for ordering your $25 gift card online or by phone. Gift cards are available for “hundreds of merchandisers including Blockbuster and The Home Depot
In addition to the $25 gift card, this offer also comes with 500 bonus points after the first purchase and 0% on purchases and balance transfers for the first six months. Rate after the six months will be between 11.49% and 20.49% depending on your credit report.
There was also the site www.bankofamerica.com/powerrewardsoffer mentioned in the ad, but it does not seem to work and the CSR said it should be fixed on Monday.
FW points out a 15 month balance transfer deal, this time for the Citi Platinum card:
- The standard card offer comes with 0% on balance transfers and purchases until May 1, 2007
- Apply online at www.apply.citicards.com, using the offer code F1D5 to extend the 0% on balance transfers until August 1, 2007
- Using this offer code also waives any fees on your initial balance transfer
One thing to note: If you test out the offer code, you’ll notice that, contrary to what the thread states, you will still only receive 0% on purchases until May 1. This is still a good deal, nonetheless.
As of yesterday, Chase no longer offered their popular Cash Plus Rewards card online. The card was a direct competitor to Citi’s Platinum Select card, offering a 5% rebate on purchases made at grocery stores, drugstores and gas stations and 1% cash back on all other purchases.
Apparently Chase is pausing this offer to allow time to evaluate its performance and back end results. No indication has been made at this point whether Chase will elect to resume the program in the future.
It may still be possible to apply for the Cash Plus card over the phone, but it’s unclear how existing card holders will be treated if Chase decides to discontinue the card. The following promotion codes should allow you to apply by phone until April 30, 2006 and receive a $100 statement credit after your first purchase. Call 1-888-787-0329 and reference either offer code 94C or 94P (either should work).
The most complete description of this offer is located in this thread at FW. Note, however, that this deal is no longer available online. You will have to call in with the invitation codes specified in this thread at FT. In short:
- Apply for the Platinum Business Premium Cash Rebate Card at 866-764-2177, using one of the following RSVP codes (Note: It’s unclear whether these codes still work):
- Receive $250 statement credit after your first purchase
- If, 6-8 weeks after your first purchase, you haven’t received your $250 statement credit, call AMEX Open Customer Service mentioning the following “Promotional Code Offer ID” you applied for:
- Promotional Code Offer ID: E341-0001
- Phone #: 1-800-492-3344
- You may need to mention the RSVP # as well.
Due to the high levels of interest in this promotion, AMEX may attempt to validate that you indeed have a small business.
If you are eligible and can get this promotion, it is definitely one of the best credit card signup deals of all time.
Over the past month or so, Citibank has been targeting select customers for this cash back offer. If you have been targetted, you will get either a 5% or 10% statement credit for eligible purchases at home improvement and home furnishings stores through May 31, 2006 after you enroll.
To see if you’re eligible, log into your Citi Cards account online. The offer should appear either on the main page or in the ‘Special Offers’ section.
Discussion of this offer has been going on at Fatwallet and Card Ratings.
Get 5% Cashback Bonus on up to $1,000 in gas and automotive purchases through June 30, 2006. Your 5% Cashback Bonus is available on the following purchases:
- Car Washes
- Pep Boys
- Firestone Complete Auto Care™
- Sears Auto Center
You must enroll in order to take advantage of this offer. To sign up, either log into your account on Discover’s web site, or call 1-800-DISCOVER.
*Discover Platinum Gas, Home Improvement, Restaurant and Education Cardmembers are not eligible to participate in this promotion.
Details are located here.