- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
I use cards for puchases/bills almost exclusively to get rewards. I would hate to see them go away. However, I think transaction processing needs to be streamlined; i.e., fees should be standardized to simplify life for merchants. Considering that the number and dollar volume of card transactions has grown so much, it would seem cards could benefit enough from economies of scale to offer at least modest rewards. Consumers are conditioned now to expect rewards. If you offer 1% and your competitors don't, you'll have a huge advantage.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.