takeshi wrote:kdm31091 wrote:Discover and Freedom make it work by rotating the categories.
...and by using caps.
Right. But even Sallie Mae was capped, and it still went away. US Bank instituted caps on the cash+ but didn't bring back the "abused" categories that existed prior to the caps. Fixed, permanent 5% on "ordinary" categories such as groceries/gas with no fee, no having to "opt in", etc...seems like it's gone the way of the dinosaur.
With Freedom/Discover, the categories rotate, have a fairly low overall cap, and you have to opt in. I am quite sure there's a percentage of consumers who simply forget to opt in, therefore just getting 1% on purchases. Same for Cash+.