Best Cash Back CC? - Page 2

LivingAlmostLarge · #21 (**permalink**) 11-01-2011, 06:40 PM

He said there isn't $5 fee, but I'm not sure. The fee is minimal right now?

Slug · #22 (**permalink**) 11-02-2011, 04:57 AM

Quote:

Originally Posted by LivingAlmostLarge

He said there isn't $5 fee, but I'm not sure. The fee is minimal right now?

Go to the grocery store and look in the gift card section. Almost all the cards are at cost, but all of the prepaid AMEXes and VISAs charge a fee. It's usually listed at the top of the card. If they didn't, everyone and their mother would be using this hustle.

LivingAlmostLarge · #23 (**permalink**) 11-02-2011, 09:11 AM

Will check it out.

orenwach · #24 (**permalink**) 11-14-2011, 04:23 PM

I think there is an important point about the Discover card that I don't think has been mentioned yet. I have been using the discover card for their 5% rotating categories for a few years and you can easily get the equivalent of 6.25% back instead of 5%.

How?

Discover has many partners that offer deals for buying gift cards with your rewards. Many partners (I usually choose Bed Bath and Beyond, but there are many more) will allow you to buy a $25 gift card for the price of $20 of rewards. This means that you are essentially getting an extra 25% of rewards. This changes your 5% into 6.25%, which is better than any card I have seen so far. The Discover is my go to card when the rotating categories allow and I almost never use it otherwise.

LivingAlmostLarge · #25 (**permalink**) 11-15-2011, 06:01 AM

Got that but discover my issue is the fact that they are not taken everywhere

orenwach · #26 (**permalink**) 11-15-2011, 06:04 AM

I agree that discover is not taken everywhere so I would not suggest having it as your only card, but it works great as a supplemental card.

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