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I have to say, the offers I am seeing from some credit card issuers like Chase are remarkably embarrassing. For example, this one offer for Five Guys burgers is promoting "5% Cash back!". That sounds like a very decent offer, but then when you look at the offer details you will see "$1.50 cash back maximum".
That means no cash back on over a $30 purchase. They have similar offers for Panera (10% / $2.00), Little Casars (10% / $3.00 max).
Do they think this inspires motivated use of the credit card? To me this just inspires "gotcha" "fine Print" commerce and sullies the reputation of the institution
I have to say, the offers I am seeing from some credit card issuers like Chase are remarkably embarrassing. For example, this one offer for Five Guys burgers is promoting "5% Cash back!". That sounds like a very decent offer, but then when you look at the offer details you will see "$1.50 cash back maximum".
That means no cash back on over a $30 purchase. They have similar offers for Panera (10% / $2.00), Little Casars (10% / $3.00 max).
Do they think this inspires motivated use of the credit card? To me this just inspires "gotcha" "fine Print" commerce and sullies the reputation of the institution
chases cash back deals are not in these little offers .the cash back is the percentage back the cards give you over all
chase has some insanely lucrative points deals on the premium cards
i have gotten thousands of dollars back in points.
these deals you are looking at are just a little something if you buy from these vendors but these are not really the meat of their cash back programs……
the 5% special categories on the freedom get 5%….the freedom unlimited. is 1.50% .
however when those points are moved to my chase sapphire reserved they are multiplied by 50% .
so the 5% is 7-1/2 , the 1-1/2% is 2.25%
plus i got 100,000 points for taking the card which was multiplied by 50% ….they paid for my tsa pre check and we get 10% back on hotels we bookthrough their expedia portal.
it’s thousands of dollars we saved.
chase lost 200-300 million on the perks on the premium cards .
they hope to get you to use other chase services
Last edited by mathjak107; 04-26-2023 at 12:50 PM..
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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We only use the Citi card from Costco, haven't used any of the rest since getting it. That one is 4% on the first $7,000/year then above that 1% on gas (would never use that much); 3% on restaurants and travel, 2% on everything from Costco, and 1% on anything else. I put $8,500 on it last week, even at 1% that's $85. We always pay it off before the next bill so we don't end up paying interest. It amazes me that people will be happy about 1-5% cash back but then pay 15.49%to 26.49% interest.
We only use the Citi card from Costco, haven't used any of the rest since getting it. That one is 4% on the first $7,000/year then above that 1% on gas (would never use that much); 3% on restaurants and travel, 2% on everything from Costco, and 1% on anything else. I put $8,500 on it last week, even at 1% that's $85. We always pay it off before the next bill so we don't end up paying interest. It amazes me that people will be happy about 1-5% cash back but then pay 15.49%to 26.49% interest.
I don't understand either anyone who carries a balance and pays that APR. Personally I obviously pay the balance in full every month and use a flat 2% cashback card for all my purchases and then redeem it when there are gift card specials of 10% off like at Home Depot which adds up to real money.
But as for the actual topic of this thread, if these businesses think they are helping their brand with "$1.50" maximum cash back when you use the card, I would say they are sorely mistaken. This sort of fine print limitation just makes people angry. I mean seriously, just give the 5% for any purchase amount - for 99.9% of people that will mean an extra 75 cents in cashback but they would get the sale that like wasn't going to happen without the offer. Now you just have angry people
I don't understand either anyone who carries a balance and pays that APR. Personally I obviously pay the balance in full every month and use a flat 2% cashback card for all my purchases and then redeem it when there are gift card specials of 10% off like at Home Depot which adds up to real money.
But as for the actual topic of this thread, if these businesses think they are helping their brand with "$1.50" maximum cash back when you use the card, I would say they are sorely mistaken. This sort of fine print limitation just makes people angry. I mean seriously, just give the 5% for any purchase amount - for 99.9% of people that will mean an extra 75 cents in cashback but they would get the sale that like wasn't going to happen without the offer. Now you just have angry people
Its marketing. They pay a fee to be displayed as an extra cash back option, just think of it as an advertisement. I'm sure some people do make a visit because of it, or maybe pick one restaurant over another because of it.
I have to say, the offers I am seeing from some credit card issuers like Chase are remarkably embarrassing. For example, this one offer for Five Guys burgers is promoting "5% Cash back!". That sounds like a very decent offer, but then when you look at the offer details you will see "$1.50 cash back maximum".
That means no cash back on over a $30 purchase. They have similar offers for Panera (10% / $2.00), Little Casars (10% / $3.00 max).
Do they think this inspires motivated use of the credit card? To me this just inspires "gotcha" "fine Print" commerce and sullies the reputation of the institution
What’s embarrassing about it? And yes, it motivates use of the credit card. I very often will use my card on these short term flash type uses.
If i have to eat or do x anyways, why not go to a place they remind you of? It’s a win win. They advertise, it’s a place I like, and I get a small bonus for going back for business with them.
I’m not even sure what your issue is. It’s just maximizing your bonus’ on the fringes.
meh , that is something that really is not part of the cash back program ..
it is just a buck or two extra if you buy at the stores that they have the link to since most of us use the chase card and use those stores anyway.
in fact different chase cards can have different stores linked and the deals are different.
you are still getting your regular cash back percentage regardless of these buck or two deals
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