new rewards cc idea

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
5 posts
010101
Green Member
Green Member
 
Posts: 16
Joined: Mon Sep 01, 2008 8:00 pm
Location: a cubicle

new rewards cc idea

Postby 010101 » Wed Nov 05, 2008 7:20 pm

i want to see a credit card that gives rewards on food -- grocery, fast food and restaurants. i'm talking about a card that has arrangements with popular fast food joints like mcdonalds, starbucks, papa john's, etc and gives a 10% discount at purchases there. kind of like the amex open network except with fast food restaurants instead. then i want to see high rewards for spending on food too -- 3% to 5% cashback or points at any grocery store, fast food joint, or restaurant.

a credit card built entirely around eating. can you imagine how popular this card would be if the rewards and discounts were good? it would be a hit no doubt.


Floppster
Centurion Member
Centurion Member
 
Posts: 157
Joined: Mon Sep 29, 2008 8:51 pm
Website: http://www.flyerboxx.com
Location: US

Postby Floppster » Wed Nov 05, 2008 8:33 pm

Why don't you recommend that to a CC Company, maybe they will like the idea ? However I think you expect to much. 5-10% is a lot if a cc company only makes 2-3.5% on the entire charge.
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

User avatar
Cucumber
Centurion Member
Centurion Member
 
Posts: 567
Joined: Tue Apr 22, 2008 12:44 am
Location: Zuma

Postby Cucumber » Wed Nov 05, 2008 11:39 pm

Good idea! :D But I think many other people have thought of that already too. :ppp

The 10% discount the credit cards wouldn't have to pay for if it was done like the American Express Open discount network you mentioned. That is a deal they have worked out with the companies so the price they charge Amex for a $100 purchase is only $90 if it's 10% off there. :cool: That way it doesn't cost the credit card companies anything and it's good for the restaurants because it would give us a reason to go there. :cool: :cool: :cool:
OBAMA
Stop talking crap about him!

1bootcamp
Centurion Member
Centurion Member
 
Posts: 103
Joined: Wed Apr 16, 2008 2:07 pm
Location: Big Island, Hawaii

Postby 1bootcamp » Thu Nov 06, 2008 1:54 pm

I like it!

User avatar
fffresh
Centurion Member
Centurion Member
 
Posts: 416
Joined: Sat Apr 26, 2008 9:12 pm
Location: the edge of the world

Postby fffresh » Mon Nov 24, 2008 7:40 pm

Discover previously did offer a card which offered 5% cashback at restaurants including fast food but they phased that card out of existence at least two or three years back.



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 2 guests