new rewards cc idea

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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.

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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

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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:
Stop talking crap about him!

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

I like it!

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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.

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