home

Defunct 5% cashback credit cards

I used to a few credit card that gives me 5% cash back on everyday purchase (gas, drug and grocery). I researched on a few of them and found that some of the policies had changed. I would suggest to find out for all your credit cards to validate if reward policies had changed.

These are the cards that used to provide 5% cash back which has been discontinued.

  1. Discover Platinum Restaurant
  2. Discover Platinum Home Improvement
  3. Citi Cash Rewards Card
  4. Mastercard version of Chase Rewards Plus (Visa still offered)

The Citi bank rewards cards decreased rewards from 5% to 2% but adding convenience stores and/or cable/utilities. This card will be out of my wallet from now on as I have cards that gives me around 2% for non everyday purchases. After the journey of seeking for my next 5% cash reward cards, I found two cards that I will be getting

1. HSBC Direct Rewards Platinum MC
•Bonus: None •Reward Limit: $500/yr •Redeem For: Cash •Increment: Paid annually
You can spend up to $10,000 on Everyday Purchases before maxing out the rewards. You only earn .05% on your first $3,000 in non-Everyday Purchases. So if you only use one credit-card, this is not a good card for you. On the otherhand, if you use this only where you earn 5%, it is a pretty good card, just be aware that your reward comes only once a year.

2) Chase REWARDS PLUS Visa
•Bonus: None active •Reward Limit: $750/yr •Redeem For: Cash, GC, Travel, Merchandise •Increment: $100
The high annual reward limit means you can spend up to $15,000 on Everyday Purchases per year while earning 5%. Chase has removed it’s 5% cashback mastercard and I have a feeling that visa card might be gone anytime.

Related Posts

  • No related posts found.

Leave a Reply

This entry was posted on Saturday, September 30th, 2006 at 12:35 am and is filed under Tutorials. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Last 10 Posts

  • Journeyman ep1 Moon Bloodgood nipslip aired on NBC
  • “how to peel a potato” in 20 second video
  • 6 Superfoods That Prevent Disease
  • Story of a Girl’s Escape from polygamy
  • Women “lie, cheat and steal” to get an advantage in a relationship.
  • The Ten Hottest Ladies of Summer
  • Most Ridiculous Shirt You Could Wear To An Independence Day Parade [PIC]
  • Bill Gates’ Sperm Is Second-want-most Sperm by Chinese Women!
  • Lunch break boob jobs
  • Grapefruit Linked to Breast Cancer