Comments on: Credit Card Arsenal

By: Krunk

Krunk — Fri, 15 Aug 2008 00:04:19 +0000

Yah, the Advanta cap is pretty bad after they changed it. It was unlimited awhile back.

By: Manekineko

Manekineko — Tue, 12 Aug 2008 15:12:54 +0000

The Advanta card seems to have changed its terms. It’s now capped at $60 a year for the 5% category. I was about to apply, but at this cap, why bother.

Cash Back rewards are also earned on Bonus Qualifying purchases, which include purchases in the following categories: “gasoline and diesel fuel,” “computers, computer supplies, electronics and office supplies,” “online advertising services,” and “utilities and telecommunications.” Cash Back rewards on Bonus Qualifying purchases are earned as follows: 5% on up to $1,200 in annual purchases; 1% on purchases in excess of $1,200.
https://www.advanta.com/ADV/Apply/TandC.page?SourceCode=W45C#rewards

By: Nathan

Nathan — Tue, 22 Apr 2008 02:32:43 +0000

Do you really pick and choose which credit card to charge when making a purchase????? But ya..I like how you use multiple credit cards to maximize your rewards and not just to have multiple credit cards to get that 15% discount when opening a new in-house credit card.

By: Peter

Peter — Sun, 29 Jul 2007 08:32:06 +0000

I must have misunderstood your question, because the GetMore promos are capped. For example, the current quarter’s promotion is capped at $400 (at 5%, that’s a measly $20 in rewards).

As far as my credit card rotation is concerned, here are my cards:

– Chase Cash Plus Rewards: 5% gas/grocery/drug.
– Citi World Mastercard: 2% cable + any purchase in which I need the extra warranty (it comes with Extended Warranty Protection)
– Chase Freedom Mastercard: 3% dining (fast food only?)
– Discover: only for the GetMore purchases
– Amazon Visa: for the 11 purchases I’ve made at Amazon in the past month ;p

By: Krunk

Krunk — Sun, 29 Jul 2007 08:29:53 +0000

My friend's corrected me and said the Cashback Bonus is unlimited, but the the GetMore program is capped and it depends on the promotion. The current quarter's promotion is capped at $400 (in purchases, not rewards):

From a family road trip to a day at the zoo—wherever your summer adventures take you—enjoy your trip even more with 5% Cashback Bonus on up to $400 in purchases

Ouch! That really sucks. That's a maximum of $20 in rewards.

By: Krunk

Krunk — Sat, 28 Jul 2007 00:02:16 +0000

Updated the images so it didn't have the ugly black background. And no, none of those images are scans of my actual card. ;p Regarding ångel's comment, I don't believe Discover actually has a limit on their GetMore program. The only thing I can find to support that is a bullet point on their Cashback Bonus page which states: Unlimited cash rewards. I've browse through their terms and FAQ. There was a mention of the regular rewards program which had different levels of cash back depending on how much you've spent:

3. Except as provided below and in paragraph 4 below, the accrued amount of a Purchase Cashback Bonus award is calculated by multiplying the total qualified purchases at the end of each billing period by: .25% (.0025), if the purchases are part of the first $1,500 in purchases during the anniversary year, and .50% (.0050), if the purchases are part of the second $1,500 in purchases during the anniversary year, and 1.0% (.01), if the purchases are part of the purchases in excess of $3,000 during the anniversary year.

However, this is unrelated toe the GetMore program. I've checked with a friend and he says it's unlimited too. I've sent an email to Discover and we'll see what their reply is. Also, Fry's here takes Mastercard and Visa also. Fry's in CA have also always took Mastercard and Visa, so it might be an Indiana thing.

By: ångel

ångel — Fri, 27 Jul 2007 19:38:11 +0000

It’s funny. Most people I’ve come into contact with seem to equate multiple credit cards with bad credit management. I figure if you’re going to bother with credit cards at all (and plan on using them responsibly), you might as well get the most out of them.

The Discover GetMore program is nice, but there’s a limit to how much Cashback Bonus you can accrue each period, so you have to keep track in that case. The only reason we have our Discover card is that it was my credit card through college. We kept it because it’s the only card Fry’s will take. We use it so infrequently that most times we get a call from Discover Card’s fraud department making sure that the charges to Fry’s are valid. ^^;