Saturday, March 11, 2006

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We do a lot of shopping at Sam's Club, so when they offered a Discover card with 2% cash back, we applied for it. 2% is quite good, I have a Visa that gives 1%. I think I have found their trick--it looks like they are going to send your "rewards" check monthly. I just received a check for $1.41. Hardly even worth cashing. Which, I think, is exactly the point--a significant percentage of the checks will probably just be tossed in the trash. Like picking up a penny, they will not be worth the calories it takes to monetize them! It quite a diabolical strategy, the opposite tack of most cash-back cards. The typical cash back card--if my experience is an indicator--doesn't do much of anything to remind you that you even have a balance to cash in. I had to call, well after a year, to ask to get my rewards check. Prompt, monthly, automatic payment--on the surface, it would appear to be beyond reproach! 12:58:03 PM    comment []