5% Cash Back At Supermarkets from Discover Card

Don’t forget that for those of you that have a Discover Credit Card such as the Discover More Card, the cash back bonus for October through December is 5% at Grocery Stores, Restaurants, Movies. And 1% cash back on everything else.

Although Discover only offers this 5% back at grocery stores for only 1 quarter (3 months), it still is better than some of the other cards that have minimum purchase amounts to receive 5% such as the Blue Cash from American Express.

Here is the 5% cashback history for the year:
January – March: 5% on Airlines, Hotels, Car Rentals, Cruises
April – June: 5% on Home, Fashion
July – September: 5% on Gas, Hotels, Theme Parks
(current) October – December: 5% on Grocery Stores, Restaurants, Movies

The gas and supermarket purchases are usually what bring in the most rewards since those purchases are made often. Having a Discover cash rewards card is definetly a great card to have in your wallet when the cash back bonuses are offered.

If you don’t already have a Discover Credit cash back card, you may think about opening a Discover More Card. There is no annual fee and they are offering a $50 bonus when signing up.

$200 Gift Card from Citi PremierPass Elite MasterCard

Right now when you sign up for a Citi PremierPass Elite MasterCard and make $600 in purchases in the first 3 months, you can get 20,000 Thank You rewards points. You can convert those 20,000 points into a $200 gift card for various merchants on the Citi Thank You Network.

The Citi PremierPass card is a rewards card that has the following rewards payout schedule:

• 2 points for every $1 spent at supermarkets, gas stations, drugstores, commuter transportation and parking merchants
• 1 point for every $1 spent on other purchases — including purchasing airline tickets for yourself and others
• 1 point for each and every mile flown by you and others on tickets you buy on any airline — no other card gives you this!
• Complimentary companion ticket for friends and family

One thing to note, this card does come with a $75 annual feee, so if you get the $200 gift card this effectively makes the bonus only $125, but that is still pretty good for a credit card these days. The Complimentary companion ticket also makes this deal much more attractive.

To get the $200 gift card you need to sign up for the Citi PremierPass Elite MasterCard and make $600 in purchases within the first 3 months. This should be easy since you can charge groceries and gas to the card.

Once you have completed the $600 in purchases, you will be awarded with 20,000 Thank You rewards points in your Citi Thank You Rewards account. You can then redeem those points for a gift card valued at $200. You can also redeem this points for miles or any other of the rewards that the Citi Thank You network offers.

Costco Capital One High Yield Savings Plus Account Opening Bonus

If you have a Costco membership, you may consider the new Costco / Capital One Interest Plus Savings Account. I am not sure when exactly they started this account, but I just found out about it today.

Currently the rate is at 1.75% when you have $5000 or greater balance in your account which is a decent rate for the current economy,  however if you have an average balance of $15,000 you will receive a 10% quarterly bonus on your interest earned that quarter.

So for example if you deposit $15,000 for one year, you will receive the following:
$15,000 * 1.75% = $262.50 (regular interest)
$262.50 * 10% = $26.25 (10% bonus on interest earned)
for a total of $288.75 which is a 1.92% yield for the year!

And to sweeten the deal you will get a bonus when opening the account. Executive Members get a $65 Incentive, Gold Star and Business Members get a $25 Incentive – when you open your first account through Costco and deposit $5,000 within 30 days. The bonus will up your APY over 2% for that year.

To get the bonus you need to enter the promo code: COSTCOMVM
on the Account Opening Page.

For more details on the account take a look at the Account Details Page

This is a great deal if you are looking for a place to stash some cash and get a better than average interest rate.

If you are a Costco member, there is also a $25 bonus when opening the Costco American Express Card

$25 Bonus From Costco American Express Card

You can get a $25 bonus when signing up for the Costco American Express Card. The Costco American Express Card card is the only Costco Credit card out there. Costco only accepts American Express so if you are looking for a card to use there, this is it.

This card is essentially an American Express cash back card, that also serves as your Costco Membership card. No more carrying around 2 cards when going to Costco as this is the only card you need.

You must make a  purchase within the first three months of  account opening to qualify for the $25 statement credit. Your statement credit will appear in your card statement within 8 – 12 weeks of your first purchase using the card.

Here are the details on the card:

• Earn cash back on gas and a $25 statement credit with your first made with the Card.
• Earn cash back virtually everywhere you go – 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
• No Annual Fee with your paid Costco Membership
• The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
• No Limit on the Cash Back earned

Check out the Costco American Express Card details page for more info and to apply.

$50 Statement Credit From Bank Of America Cash Rewards Visa

You can get an easy $50 when signing up for the Bank of America Cash Rewards Card through Bank of America’s latest Credit Card Promo.

To qualify for the $50 statement credit offer, your new account must be used to make any combination of purchase, balance transfer or cash advance transactions totaling at least $25 (excluding transaction fees) within 45 days of the account open date. Limit (1) item per new account. Allow 8-12 weeks from qualifying for the statement credit to post to your account.

As another perk of opening a new card account you will earn 3% cash back on gas, grocery and drugstore purchases for the first 6 months and 1% on all other purchases.

They are also offering 0% APR on Purchases and Balance Transfers for the first 7 or 10 billing cycles based on your credit. Beware that Bank of America has an uncapped balance transfer fee of 3% (minimum $10) of the transferred balance.

There is no annual fee for this card.

If you are looking to make a quick $50, then check out the Cash Rewards Card details page.

25,000 Bonus Points from Chase Sapphire Preferred Card

Update 2/1/2010: The 25,000 point bonus has been reduced to 10,000 points. That still gets you $100 when opening a new account. See the updated Chase Sapphire Bonus post for more details.

The Chase Sapphire Preferred Card has a promo where you can get 25,000 points after your first purchase. You will receive the 25,000 points 6 to 8 weeks after your first purchase. In addition to the 25,000 bonus points, you will automatically receive 10,000 bonus points annually when you make purchases of $50,000.

You can redeem the 25,000 points for a round trip ticket on most airlines. You can also use the points for gift cards which can get you up to $250 in various cards.

The Chase Preferred Sapphire card earns one point for every one dollar you spend. What is interesting about this card is that you can transfer points 1-to-1 to hotel and airline rewards programs. So if you are needing some points to get a reward, you can use the points from the Chase Preferred Sapphire card to top off your account.

There is a $95 annual fee on this card, but it is waived for the first year, so keep that in mind if you sign up for it.

Note that the website says that you can upgrade any of your current Chase cards to the Sapphire Card, but the upgrade card isn’t eligible for the 25,000 bonus points

Chase Sapphire Preferred Card Offer Details

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