Sentences with phrase «cap on its bonus categories»

Cap on bonus categories.

There is a cap on the bonus categories of $ 50,000 in combined purchases.

On the bright side, the cap on the bonus category is very high.

Not exact matches

And on the other, new cardholders also enjoy best - in - class rewards, including Discover's Cashback Match ™ for every dollar spent in their first year, up to 5 % cash back ($ 1,500 quarterly spending cap) in bonus categories you activate, and 1 % on all other purchases.

The bonus categories and points are the same, but the maximums on the special categories are different: the Ink Plus category cap is twice that of the Ink Business Cash ℠ Credit Card.

The Ink Business Cash ℠ Credit Card is a no annual fee cash back card, with lower caps on its special bonus categories, that makes more sense for smaller businesses.

Because of the $ 1,500 spending cap on 5 % bonus categories, projects which exceed $ 3,000 will be better off being charged to the Farmers ® Rewards Visa ® card.

You can find other cards that offer higher rewards rates but you'll usually have to watch for rotating categories (that usually have caps on the bonus reward) or you'll have to pay an annual fee to offset higher rewards rates.

However, if your spending is high enough, and you spend more than $ 1,500 per quarter on those bonus categories you will start to lose value again due to the capped bonus spending.

There's no cap on the number of points you can earn, and thanks to the card's bonus categories, you'll be earning points quickly.

The Ink Business Cash ℠ Credit Card is a no annual fee cash back card, with lower caps on its special bonus categories, that makes more sense for smaller businesses.

The bonus categories and points are the same, but the maximums on the special categories are different: the Ink Plus category cap is twice that of the Ink Business Cash ℠ Credit Card.

And if you're a Big Spender who maxes out the 5X category bonus at Office Supply stores on the Ink Bold, you could apply for this card which has a $ 50,000 cap for 5X purchases at Office Supply stores.

The following featured chart contains all the available information on Discover's bonus categories, including when to sign up and spending caps.

Our take: A good card to use for everyday errands, the Bank of America Cash Rewards card offers a generous 3 percent spending bonus on gas purchases and a respectable 2 percent bonus on groceries; however, there is a strict $ 2,500 cap on combined purchases in these categories each quarter.

And on the other, new cardholders also enjoy best - in - class rewards, including Discover's Cashback Match for every dollar spent in their first year, up to 5 % cash back ($ 1,500 quarterly spending cap) in bonus categories you activate, and 1 % on all other purchases.

Tracking bonus categories — While bonus category cards offer a generous rewards rate, keep in mind that there is a cap on the amount of bonus rewards you can earn, and cardholders are required to activate the bonus category each quarter.

There is, however, a $ 1,500 cap on purchases in bonus categories each quarter that makes this card less valuable.

Firstly, capping the bonus category spending at $ 1,000 per quarter allows for maximum rewards for somebody who spends no more than $ 333 per month on gas and restaurants.

While you'll only get maximum of three points per dollar spent with the Preferred card, there are more bonus categories and the cap on spending is much higher.

Our take: A good card to use for everyday errands, the Bank of America Cash Rewards card offers a generous 3 percent spending bonus on gas purchases and a respectable 2 percent bonus on groceries; however, there is a strict $ 2,500 cap on combined purchases in these categories each quarter.

Like other Bank of America cards, these two have a quarterly cap on the 2 percent and 3 percent bonus categories, but the AARP and Amazon cards have no caps.

For instance, Discover it ® - Cashback Match ™ has a $ 1,500 cap on their bonus spending categories.

The reason I have never felt any urgency in signing up for an Ink Bold or Plus card, despite their lucrative bonus categories, is that those bonus categories are capped at $ 50,000 in spend per cardmember year, or a little over $ 4,000 per month on average.

Though some Ultimate Rewards cards — such as the Chase Freedom card — may enforce a cap on the number of points you can earn on bonus categories, there are no overall limits to the number of Ultimate Rewards points that you can earn in a year or over the lifetime of your Ultimate Rewards membership.

PNC card if you want: Simplicity, a higher cap on bonuses or bonuses focused in a couple of categories

PNC card if you want: Simplicity, a higher cap on bonuses or a bonus focused in a couple of categories

Or, let's say you maximized the 5 percent bonus on the Discover it card by spending $ 500 on its bonus categories each month to reach the $ 1,500 quarterly cap, while spending an additional $ 825 per month on other purchases ($ 1,325 total monthly spend).

There is, however, a $ 1,500 cap on purchases in bonus categories each quarter that makes this card less valuable.

The Chase Freedom pays generous cash back on purchases within the quarterly bonus categories, up to the capped amount.

Rewards for gas purchases on credit cards usually fall into one of the following categories: quarterly bonuses, a flat - rate with caps or a flat - rate without caps.

Overall, the 5X is nice but the cap on 2,500 points earned means you can only spend up to $ 500, so this is not a terrific promotion, although if you already had plans to make purchases in the eligible categories it's not a bad bonus.

You'll also earn 1 percent back on all your other purchases (and on anything in the bonus categories after you hit the spending cap).

You'll also earn 1 percent back on your other purchases and on any bonus category purchases over the quarterly cap.

There's no cap on the number of points you can earn, and thanks to the card's generous description of bonus categories, you'll be earning points in no time.

So not only do you need to remember yet another temporary bonus category, but this one has a cap on it, so you've got to keep track of exactly how much you've already spent in the category lest you go over and end up with the dreaded 1x multiplier, which is also known as the «I completely wasted that spend I'm so stupid» multiplier.

On the downside, the bonus categories are capped at $ 1,000 of spending per quarter.

That's an amazing category bonus for any cashback card, especially since there's not cap on the amount of cash you can earn.

The bonus caps on these categories apply per card member year, not calendar year, so be sure to keep track of your account anniversary date.

It also has a higher spending cap, allowing cardholders to earn bonus rewards on up to $ 150,000 of combined category purchases each anniversary year.

When you pair this with the bonus points offered on several categories, including gas station and travel expenses, you stand to gain enough value in the first few years of ownership to easily offset the annual fee, especially since the cap is set so high for each bonus category.

Tracking bonus categories — While bonus category cards offer a generous rewards rate, keep in mind that there is a cap on the amount of bonus rewards you can earn, and cardholders are required to activate the bonus category each quarter.

(Note: After you exceed the annual $ 6,000 cap on grocery purchases, the bonus rate for that category drops to 1.5:1.)

When it comes to rewards cards for grocery shopping, the American Express EveryDay Preferred card's rate of 3 percent on U.S. supermarket purchases — with an annual cap of $ 6,000 — ranks near the top of the list, even without factoring in the opportunity to score bonus points on the category.

However, if your spending is high enough, and you spend more than $ 1,500 per quarter on those bonus categories you will start to lose value again due to the capped bonus spending.

Chase Freedom ® cardholders earn 5 % back in rotating bonus categories they activate each quarter (capped at $ 1,500 in combined bonus purchases quarterly) and unlimited 1 % back on all other purchases.

Earn 3 % on grocery / gas / pre-authorized after the three month Welcome Bonus period with a spending cap of $ 15,000 per category

Notably, the card pays 5 % bonus cash back (capped on $ 1,500 of bonus category spending each quarter) in rotating categories you activate, and 1 % on all other purchases.

On either card, all other spending — including spending in bonus categories above the annual cap — earns 1 point per dollar.

While cash back categories can be particularly lucrative for those who spend a lot in common categories, many cards will have caps on the amount of purchases that will qualify for bonus cash back.