If you count this bonus, your effective
cash back rate during that first year can be at the very least 2 %.
If you count this bonus, your effective
cash back rate during that first year can be at the very least 2 %.
Holders of this card can get an effective increased
cash back rate during the first three months of opening an account.
Not exact matches
Therefore,
during those initial 12 months, your
cash -
back rates will effectively be between 2 % and 10 %.
That means this card effectively has a 2 % -4 % rewards
rate during the first 12 months — that's better than even some of the top
cash back credit cards out there.
For example, a
cash back credit card that pays 5 % on department store spending
during the 4th quarter often exclude discount stores like Wal - Mart, Target, or Ross and only reward the standard 1 %
rate for any purchase made at these stores.
That means, if you're a new cardmember, you can receive an effective
cash back rate of 2 % on all spending, and up to 10 % on rotating categories (up to the $ 1,500 quarterly limit)
during that first year.
Since you can earn the 5 percent
rate on up to $ 1,500 in purchases per quarter upon enrollment, and 1 percent
cash back after that, you can potentially earn more than $ 150
cash back at wholesale clubs
during 2018.
However, the earning
rate is excellent at 3 percent
cash back on all spending
during the first year, and 1.5 percent thereafter.
If you prefer
cash back or travel rewards, Discover It Miles is great with its 3 miles per $ 1 earning
rate during the first year.