Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [reward-program]

For questions related to credit card, bank, or merchant reward programs.

63 questions
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Gigantic point amount on rewards card - what are potential consequences?

Recently, I asked with an online form for some receipts to get added to my rewards card (because I forgot the card when paying). However, they accidentally added more than a thousand times the amount that should have been added. As a result, I could…
Aganju
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Why does Chase Freedom require me to "activate" my card for rewards every quarter?

Note: The "activation" I am talking about here is not the same as the "activation" in this question. I just got a Chase Freedom credit card, mostly for the 5% cash back rewards. I had seen that every piece of promotional literature referred to…
Steve V.
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4 answers

How does the math work when buying airline miles?

Signing up for credit cards to get airline bonuses and flying more are good options to earn miles. With an average redemption/valuation of 1 cent/mile or maybe 1.2 cents/mile why would it make sense to buy airline miles at 1.7 or 2 cents/mile?
perennial_noob
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Did I discover an easy way to make money via PayPal and cashback credit card? If so, is it legal and is the money taxable?

Here it is: I send money to a family member via PayPal using my credit card, PayPal charges a fee but the cash back I get from the PayPal transaction exceeds the PayPal fee, my family member sends me the money back for free. My concern is that my…
user99899
29
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5 answers

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of Reward Benefit Cards Should the benefit offered by these reward…
Zephyr
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Why do cash back credit cards give a higher rate for dining and gasoline purchases?

Title says it all. For example the Amazon.com Chase card gives 3 points/dollar for Amazon purchases, 2 for gas station and dining purchases, and 1 point for everything else. It's obvious that money spent at Amazon is 'more valuable' to Amazon.com…
Alex Mcp
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Why does Discover Card warn me about selecting certain payment due dates?

The date I would like to use for my payment due date in the future on my Discover Card account warns me with a tooltip: Selecting this date will reduce the number of days in the current anniversary year and may impact your Rewards…
dgw
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How can I determine which stores are regarded as supermarkets for a rewards credit card?

I'm considering applying for a credit card which offers additional rewards on supermarket purchases. How do I determine which stores in my area are considered supermarkets by the card issuer? For example, the Benefit Terms of Amex point to…
Franck Dernoncourt
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Why are earning credit card rewards often tied to groceries and gas?

Is there a business model that makes those more attractive categories for the issuers?
rjdevereux
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Are there cons to paying monthly bills with a rewards card and then paying it off monthly?

I have a rewards card I really like and we have about $5k in bills monthly. Almost all of them I could setup to pay out of this card. That would earn about $600+ in rewards annually, which would make Christmas time that much easier. Assuming I…
TheCleaner
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How do credit card companies track your purchase categories?

I've seen a few responses scattered on the internet that attempt to answer this but they seem to disagree on the matter. When dealing with cash-back credit cards, they offer different percentages for different categories like gas, groceries, dining,…
Yetti
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Earn CC flight miles by paying rent?

I want to accrue flight miles/points from everyday purchases. I'm looking at the "Capital One Venture Rewards Credit Card". It states "Earn unlimited 2X miles on every purchase, every day." I pay about $2,000 on rent for my apartment. I verified…
Dividable6919
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Should I use cash back rewards for rewards, or to pay off the balance?

I have a credit card with cash back rewards. I can use these rewards to go shopping on Amazon, for example, to buy gift cards, to pay off the balance, and possibly some other options that I may have missed. My instinct is to simply put the cash back…
Bigbio2002
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How do you find the credit card with the best rewards/points? [US]

I'm using a CC that basically gives me 2% cash back on everything. It adds up, but I have a feeling that I'm not benefiting from how often I use my card. I easily put over a thousand each month on the card and pay it off each month. I have a great…
Eric
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Are travel point / reward credit cards worth the hassle and cost?

Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of cards? How best to use them effectively, if at…
unknown
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