The Uber Visa card from Barclays used to be the best cash back card for restaurant purchases, earning 4% back per dollar spent. It famously beat the Capital One Savor, which was supposed to be the best cash back card for foodies, but only earnt 3% cash back at restaurants. Competition was so fierce that Capital One felt they needed to introduce another version of the Savor that did earn 4% at restaurants, but it still didn’t beat Uber since it had an annual fee, where as the Uber card doesn’t. Well that time has come to an end….
A recent article in the Wall Street Journal has drawn attention to several big merchants’ campaign to end the so called “honor all cards” policy of Visa and Mastercard. If a merchant wants to accept say Visa cards, for example, they must accept all Visa cards, regardless of issuer or the type of Visa card. Mastercard has the same rule for merchants who use their network.
I received an email this morning from Chase introducing a new promotion they are running, where they are allowing Freedom card holders to earn 10% back at Shoprite in October. Q4 5% earning categories for the Freedom card are Chase Pay, department stores and wholesale clubs. So you can get 5% when using Chase pay at Shoprite for the whole quarter. Ordinarily you wouldn’t be able to earn double cash back (5% for Chase pay and 5% for another category at the same time), Chase states this in their terms and conditions. But they seem to be allowing this with Shoprite on a limited amount of spending.
We check out a way to earn a crazy amount of cash back.
Doctor of Credit recently pointed out that the popular wholesale club Costco, which is one of the world’s top three biggest retailers based on revenue, has just added mobile payment capabilities to all locations in the United States. I think as credit card and points and miles enthusiasts you can see the potential here. You see mobile wallet payments are actually classed as a bonus category on some credit cards.