Because I re-invest 100 % of my dividend income, the matching program
effectively doubles the cash I have available to invest with (excluding cash from stock sales).
This is
effectively doubling the cash back rates that they offer.
Not exact matches
On top of these rates, Discover matches all accrued
cash back after the first year, which
effectively doubles the rewards for the first year.
At your first card anniversary, all the
cash - back you've earned is
doubled — meaning your large purchase will
effectively earn 3 %
cash - back.
Effectively, the Citi ®
Double Cash Credit Card gives users a 2 % rewards rate.
However, when you factor in the ability to
effectively discount every purchase you make by 2 %, the Citi ®
Double Cash Credit Card's value significantly increases.
With the Discover it ® Cashback Match ™, you'll get automatic match of all the
cash back you earn in your first year,
effectively doubling your rewards potential.
However, if you use this card as your primary payment method, it can be worth it because of the
double points on your purchases (
effectively resulting in 2 %
cash back).
What makes is still attractive though is that your
cash back earnings are
doubled the first year, so you'll be
effectively earning 10 % back on gas for a quarter — that's an impressive rate.
Essentially, while the bonus categories do occasionally overlap between the Chase Freedom ® and Discover it ®, it's infrequent enough that you could
effectively double your 5 %
cash back potential by obtaining both cards.
When you add in the 500 point SPG quarterly promotion and
double points on my SPG Amex, paying
cash and picking up 1,150 Starpoints
effectively made it a wash.
Effectively doubling the value of your points if you book with points or
doubling the value of your
cash if you book with
cash.
That was a scare tactic used to get the FE Jukies to fork over their attention /
cash to a split game (
effectively doubling their profits) with removed content and DLC + Special additions and other bonuses with the FE name.