5% Instant Rebate Now or 6% Later?

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5% Instant Rebate Now or 6% Later?

Postby Michael » Tue Jan 27, 2015 11:08 am

My AMEX BCP gives 6% off groceries but not immediately (i.e., you have to redeem).

I have a Meijer MasterCard which gives 5% instant rebate off groceries at the register when they have cardholder sales.

What do any of you think?

When these sales occur, is 5% off instantly better than 6% off that you don't get instantly?

I am only talking about these sales. AMEX does NOT count Meijer for 6% groceries, so I usually go to Mariano's (division of Roundys here in Illinois).

Prices at the two stores are similar.


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Postby samhradh » Tue Jan 27, 2015 12:05 pm

Well, 6% obviously beats 5%.

The question to ask is whether saving 5% at time of purchase is better for you than waiting to get 6% back as a statement credit. For people that live with a strict monthly budget, saving 5% is probably better than waiting for 6%.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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Postby Gamma » Tue Jan 27, 2015 12:51 pm

Does the 5% come off instantly when you make the purchase? If it does, it might be better if they charge you tax on the total after the discount, not before. Target is an example of this.

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