Category Archives: Reward Cards

New Revised Borders Visa: Now 3% back at Borders, 2% on Gas, Dining and Groceries

Chase has made changes to its Borders 3.2.1 Visa to make it much more attractive, increasing the number of points awarded and enabling “Borders Rewards” members to double-dip. As reported by CardTrak, some of the features of the new program include:

  • 3 points for every $1 spent when you use your Borders 3.2.1 Visa at Borders®, Borders Express,, Waldenbooks® and
  • 2 points for every $1 spent on eligible Gas, Dining and Groceries purchases.
  • 1 point for every $1 spent anywhere else.
  • Redeem your 3.2.1 Visa points for Borders Gift Cards, Cash, Travel Rewards, Gas & Restaurant Gift Cards and much more! Plus, no cap on the points you can earn! Earn a $25 Borders Gift card with just 2,500 points.
  • 0% fixed APR* for up to 12 months
  • No Annual Fee

Previously, you would have only received 2 points per dollar spent at Borders and 1 point per dollar spent anywhere else. Redemption options were also limited to Borders gift certificates.

In addition, “Borders Rewards” members can elect to add their Borders Rewards number to their Borders 3.2.1 Visa. Doing so allows them to also accrue 5% of their qualifying purchases on the card towards their Holiday Savings Reward.

Edit 10/22/2010: This offer is no longer available. For a list of currently available Chase cards, please see this link.

Overview of MBNA Home Advantage AMEX, Bank of America Pet Rewards Visa

There’s a couple of new threads on FatWallet about these cards. The cards themselves aren’t new, but it’s worth pointing them out, as they potentially have their niche uses:

MBNA Home AdvantageSM American Express® Card:

  • No Annual Fee
  • Introductory 0% APR for Cash Advance Checks and Balance Transfers through your first twelve billing cycles.*
  • Earn one Point for every $1 in net retail purchases
  • Earn five Points for every $1 in net retail purchases at select home-product merchants, such as The Home Depot®, Linens ‘n Things, Pier 1®, and®
  • Redeem Points for payments toward your mortgage- at a rate of 1% of every net retail purchase
  • Redeem Points for air travel, name-brand merchandise, gift certificates at popular retailers, and cash

Unfortunately, the five Points for every $1 is only offered for your first six months. As FW notes:

…Unlike the 5% gas station, supermarket, and Drugstore cards out there which are dependent on Visa, Mastercard, or AMEX coding this card actually determines the 5X points based on the merchants MBNA decides are eligable to participate. It could be a good card though for at least 6 months for those who make a lot of purchases from Home Depot. Since if you were to spend $10,000 on a home improvement project you would net 50,000 points which pretty much is a ticket to Europe or $500 CashBack or $500 towards your mortgage. Also the interest rate is reasonable at 7.9% Fixed.

Bank of America Pets Reward Visa:

  • Put your pet’s picture on your card or choose from one of three adorable designs
  • Low introductory annual percentage rate (APR) on all purchases and balance transfers for the first six billing cycles1
  • Earn 500 bonus PetRewards Points after your first purchase
  • No annual fee
  • Earn two PetRewards Points for each dollar you spend at participating veterinary clinics, pet retailers, farm and feed and neighborhood pet specialty stores.
  • Earn one point for each net retail dollar you spend on all other everyday purchases using your PetRewards Card.
  • Redeem PetRewards points for pet food discounts, veterinary care savings and animal shelter donations.

As pointed out by this thread at FW:

It is a 2% card or 4% depending on the purchases. You earn 1 point for regular purchases and 2 points at participating pet food stores, vetinary clinics, and certain other locations. The redemption schedule though is 1,000 points = $20 for vetinary care.

The bottom line? This only seems like a useful card if you either 1) really want a credit card with your dog’s picture on it, or 2) you spend a lot on your pet. Since many pet purchases can be made at supermarkets where you can earn 5% with many cards, it severely reduces the utility of the card.

BP Visa: 5% on BP, Amoco Purchases, 2% on Travel and Dining Purchases

Courtesy of CardRatings:

Effective May 1, the BP Visa is being revised to:

5% on BP, Amoco purchases (was 3%)

2% on travel-related expenses (hotels, airfare, car rentals) and dining out (new benefits)

1% on all else, except nothing on non-BP gas purchases.

AND …..

The rewards schedule is not not tied in with a BP gas purchase. It is based on a points total, and 2500 points gets you a $25 check or $25 gift card…

…New cardholders get double rebates for 60 or 90 days (I’m not sure which). Existing cardholders will be automatically switched to this new better program effective 5-1-06.

As a gas card, this offer is only mediocre since it requires that you fill up at BP, but the 2% on travel and dining is attractive.

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