Deal:
Up to 5% Cash Back with Offer Removed
Offer Removed is a good basic credit card for those who do not have the credit history to get approved for some higher incentive cards. You get up to 5% cash back at supermarkets, gas stations and drugstores.Guaranteed Approval Credit Card R  Discuss (0) |
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#1
lex - Posted 9:03 am PDT 09/15/08 (30 Posts)
this is clearly deceptive advertising on AMEX's part. most of us saavy bensbargainers know this fact, but newbies beware!
you earn 1% on first $6500 charged in a given year
5% kicks in only after the $6500
read the fine print and you'll see
you earn 1% on first $6500 charged in a given year
5% kicks in only after the $6500
read the fine print and you'll see
#2
eugenelee3 - Posted 2:48 pm PDT 09/15/08 (52 Posts)
best card! ytd i have $2000 cash back!
#3
dreese9859 - Posted 6:05 pm PDT 09/15/08 (90 Posts)
#1 needs to reread the fine print.
$0-$6500: 1.0% every day purchases; 0.5% all others
Over $6500: 5.0% every day purchases; 1.0% all others
$0-$6500: 1.0% every day purchases; 0.5% all others
Over $6500: 5.0% every day purchases; 1.0% all others
#4
lopgok - Posted 8:15 pm PDT 09/15/08 (91 Posts)
#3 needs to learn how to read
over $6500: 5.0% every day purchases; 1.5% all others
over $6500: 5.0% every day purchases; 1.5% all others
#5
vyper0 - Posted 9:37 pm PDT 09/16/08 (145 Posts)
I call BS on #2...To reach $2000 cash back you'd have to spend $37000 at gas, grocery or drug stores(5% category). Thats a lot of gas and groceries. Based on my spending history I would have had to spend $108000 so far this year to get $2000 back.
#6
dwyoon - Posted 2:17 pm PDT 09/19/08 (20 Posts)
the more realistic cash-back for our family (of 2) is about $300-400 a year.
(but we've had the card for a while, so our tier is $6000 not $6500 for the percentage upgrade)
my wife and I use it for all our monthly purchases, and then we just pay it off at the end of the month.
(but we've had the card for a while, so our tier is $6000 not $6500 for the percentage upgrade)
my wife and I use it for all our monthly purchases, and then we just pay it off at the end of the month.
#7
grumpydog - Posted 1:24 pm PDT 09/24/08 (1319 Posts)
#3, yes it is even worse than #1 said. this is a pretty bad deal IMO. There are many cards that give you 1% back on every charge purchase. If you want amex then the starwood card is better. It has a fat bonus for signing up and getting a nice hotel room for 4000 points is quite good when a cashback card that is only worth $40. The alaska airlines card is the best right now IMO. the signup bonus is a roundtrip ticket(or 2x 1 way). After that a one way ticket is 10,000miles (going to 12,000 in november) not bad when that same ticket can cost over $400 to buy.
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