Weekly Deal: 6% -Wait- 10% Cash Back at Home Depot

This week, Mr. Rebates is offering 6% cash back on all online purchases at Home Depot.  With spring in the air, it might just be the perfect time to shop for all of your lawn care equipment needs.  Maybe a new lawn mower, or weed eater?
UPDATE:  An extra $5 off a $50 order if you enter March5 at checkout. This coupon code is good through March 20th.
UPDATE 2:  There must be a price war going on!  ShopatHome is now offering 10% cash back at Home Depot, with the same coupon code available. This is crazy! If you use your cash back rewards credit card, you are saving even more.

Visa Freedom & Discover More Cardholders: Don't Forget to Enroll for 2nd Quarter 5% Categories

  Every quarter, Chase and Discover change the categories in which their respective cash back rewards cards  can earn 5% cashback.  This coming quarter, starting April 1 (no fooling), the categories will change, and in order to benefit from the new 5% cash back awards, one must re-enroll or the cash back rewards will default to the normal amount.

For Chase Visa Freedom cardholders, purchases in the following categories will earn 5% cash back rewards if you enroll for the bonus.  All other purchases will earn 1%.

Home Improvement 

Home Furnishings 

Lawn & Garden

For Discover More cardholders, purchases in the following categories will earn 5% cash back rewards if you enroll for the bonus.  All other purchases will earn cash back at whatever the current rewards rate has earned:

Home Improvement

Department Stores

Clothing Stores


The enrollment period starts today, so log in to your account and be sure to sign up for your 5% cash back for this coming quarter.

AARP Visa Rewards card - 5% back on everything

My new AARP credit card arrived this weekend.  Now, as a moderately aged young man, I will confess that I have been a member of AARP for some time.  In fact, I already have an AARP Visa credit card.

   So why did I order another one?  Because AARP is offering 5% cash back on all of my purchases for 6 months.  No spending caps.  No exclusions.  No small print.  Just 5% off everything you purchase.

   If you pay off your credit card every month like I do, then this is like giving yourself a 10% pay raise without having to grovel in front of your boss.

    Oh, and did I mention that the card is interest free for 1 year, just in case you can't pay it off in full right now?

   For those of you who do not qualify for AARP, well all I have to say is "Enjoy your youth!"

Help jump start this economy.  Get yourself this card and use it.  After 6 months, I will probably retire my card for good.  What about you?  Do you think this is a good deal?  Tell me your thoughts in the comments below.

Amex offering Itunes gift cards for 30% off.

For you iTunes lovers, on Tuesday, American Express will be selling 50 iTunes $50 gift cards for $35.00 each. This offer is only available to existing American Express cardholders. I suspect they will be sold out in minutes, but it sounds like a nice deal if you can get it.

Click here to find out how to get yours.

Daily Deal: Ebates Offering 4% Cash Back at Kohl's - Today Only

Today only, as part of their Daily Double, Ebates is offering 4% cash back on all online purchases at Kohls.  Their normal cash back is 2%.  If you couple that with a purchase of a Kohls gift card at a 14% discount, you are looking at close to 20% cash back.  And those savings come right off the bottom line.  Check out the gift card resellers shown on the right that I recommend.

The Best Cash Back Credit Cards as of March 2011

   The credit card landscape is a dynamic one.  Credit card offers come and go, terms change overnight, and it seems like benefits are constantly morphing.  So with that in mind, I bring you my opinion of the best cash back rewards credit cards available in the marketplace (as of this instant). I am also going to tell you what I DON'T like about each card as well.


    First, I would encourage you to read my previous post "Take a Reward, Any Reward".  It has sound advice for anyone looking for a credit card.  Personally, I truly believe that cash back credit cards only make sense if you pay off your balance in full every month.  Simply put, you have learned how to live within your means. Otherwise, my golden rule is to take any available funds and pay off/down whatever card charges the highest interest.  That will truly be the best cashback reward one can find.
   OK, here we go.  I first recommend that you look at your spending habits for the last year.  Do you drive a Humvee and eat out every night?  Do you spend your days hanging out at Sam's Club and cutting coupons?  Or do you travel extensively, and hotels are your homes away from home?  Knowing where your money is spent will give you a clue on what card is right for you.

   Rather than do a Letterman style list working backwards, these cards are ranked from more desirable to less desirable.

1.  Chase Freedom Visa: 

PROS:  5% cash back on categories that rotate each quarter.  1% on all other purchases. No annual fee. 2.7% foreign transaction fee. No limits or caps on any cash back categories.  Cash back redemption is available once you hit $50. Chase is currently offering a $100 sign up bonus, to be credited after $750 in purchases.  
CONS: Higher than average interest rate.  Balance transfer fees and period are not as generous as some other cards.  Rotating categories require enrollment each quarter or the 5% cashback benefits do not kick in.

SUMMARY:  Overall, if balance transfer options are not a top priority, this card offers the most consistently generous cash back rewards.  Factor in the $100 sign up bonus, and the cash back rewards % goes up considerably. This has been the #1 rated rewards card for several years running.

2.  American Express/Costco card: 
PROS:  3% cash back on all gas purchases up to $3000/year. 3% cash back on restaurant purchases, and generous 2% cash back for travel expenses with no annual caps. 1% on all other purchases, including purchases at Costco. Annual fee is waived if you are a Costco member, and the card doubles as a Costco membership card which lets you get rid of the redundant Costco membership card.  2.7% foreign transaction fee.
CONS:  Relatively high interest rate of 15.24%.  Balance and transfer fees are less generous than some cards, and do not offer 0% balance transfers. Cash back is paid annually by a check that can be redeemed at Costco.


SUMMARY:  My #1 credit card for gas, restaurant and travel categories and a great backup card to the Chase Visa Freedom card above.  A must for have Costco shoppers.  If I had to limit my credit cards to 2, it would be these two cards.

3.  Fidelity Investments Rewards American Express: 

PROS:  2% cash back on all transactions.  Cash back rewards go directly into an existing Fidelity Investment account, either savings, IRA or 529 Plan. No annual fee.
CONS:  Cash back earnings are not deposited into account until earnings reach $50 ($2500 in charges).  Must establish a Fidelity account in order to qualify for card.  No balance transfer provisions.  

SUMMARY: If gas, restaurant and travel are not big categories of spending and if you don 't frequent Costco, then this would be my #2 backup card to the Chase Visa.  I would use this card on all purchases when Chase is not offering the 5% cash back.

4. Pentagon Federal Credit Union Visa card: 

PROS:  5% cash back on all fuel purchases made at the pump (not inside the store?). 1% on all other purchases.  One must be a member of the Credit Union, but they make getting in fairly easy.  Check out options #8 and #9 on their list of ways to become a member. www.penfed.org.  Other perks include 2% foreign transaction fee (instead of the typical 2.7-3%) and a 2.99% balance transfer rate with a maximum fee of $250. No annual fee.  

CONS: Strict credit underwriting.  While it is the #1 cash back card for gas purchases, it's cash back features are unremarkable for all other categories. card.

SUMMARY:  If you know your gas pump more intimately than your spouse, then you need this card.  Also, if you are looking for a long term balance transfer loan at very good rates, or a card to use while abroad, this card could do the trick.  Otherwise, I would skip it.

5.  Discover More Credit Card.

PROS:  5% cash back rewards in categories that rotate quarterly, like the Chase Freedom card.  However, the categories differ each quarter from those offered by Chase.  Enrollment required each quarter.  Introductory 18 month 0% balance transfer offer is the best in the credit card field. Also, introductory 12 month 0% APR on all purchases.  No annual fee.  Using the Discover online mall to purchase items from designated vendors can increase the overall cash back benefits up to 20%.  Their online mall has the best cash back rewards of any credit card company. However, see caveats below.

CONS:  Cash back rewards start out at a puny 0.25%,  One must spend $3000 just to get to the typical 1% level, and these tiers reset every year.  Unless your credit card spending exceeds $8000/year, I would not recommend this as your primary credit card. Further, Discover caps your 5% earnings in most categories which can be quite frustrating. For example, the 1st quarter category of travel and restaurants is capped at $800 of spending ($40 cash back). All charges made at Sam's Club or any discount store is always limited to 0.25% cash back.

SUMMARY:  I must confess that I have a love/hate relationship with this card.  If you are a Sam's Club member, you need a Discover card, and this is the one.  Otherwise, I think I would recommend this only to folks who can charge substantial amounts on the card.  Use the card until you hit your category caps, then switch to one of the other recommended cards.  Of course, if you are interested in the balance transfer provisions, this card beats the rest. 
   After these 5 cards, the field gets pretty crowded with "me too" cards offering average terms or hidden gotchas.  If you do not have at least one of the above cards in your pocket, you are leaving good money (yours) on the table.  Call your credit card provider and see if they can switch your current card to one of the above.
   I welcome your comments and suggestions.  If you think I have missed something or are out in left field, let me and our other readers know.                                                       

Weekly Deals: Ebates Double Cash Back

   This week, Ebates is offering double cash cash back for purchases made at the following merchants:

Dell: Was 2%, now 4% back

HP:   Was 3%, now 5% back

Macys: Was 2.5% now 5% back

Staples: Was 2%, now 4% back.

If you plan on shopping at any of these sites, you may want to go through Ebates to pick up your extra cash back. Whether you use a discounted gift card, or your cash back credit card, you will be putting some extra money in your pocket.

Happy shopping!

Today Only: 12% Cash Back at Buy.com

Today only, Ebates is offering 12% cash back on any purchase at Buy.com.  If you are contemplating snagging something at Buy.com today and you are not signed up, you are paying way too much. Plus, Buy.com provides cash back point of their own for many purchases.  Life is good!

Merchant Cashback Strategies: Lowes: How to Get 20% Off on Everything You Buy

With the advent of spring arriving, we will soon hear once again the roar of lawn mowers in the yard, the quiet digging sounds of new flowers being planted, and the rhythmic spit-spit sounds of sprinklers going off.  With that in mind, I thought that I would focus on Lowes, one of the two big box home improvement stores, and how to save almost 20% on everything you buy there. Impossible you say?  Then read on.

Step 1:  Pick yourself up some 10% off coupons on Ebay.  These are the coupons that are given out by the US Post Office on behalf of Lowes when someone changes their address.  There are folks who make a living collecting and reselling these lovely little goodies.  One can usually pick them up for an average of about $1.20-1.50 per coupon.  I save myself some time by looking for the "Buy Now" offers.  The current batch are good through May 15th, 2011, which should get you through the spring cleaning season. Make sure you get the coupons that are good up to $5000 in purchases, and you can save some serious money.  By the way, Home Depot and Ace often honor these coupons.

Step 2:  Sign up at Mr. Rebates.  I will explain why in a minute.

Step 3:  Get ready to purchase some Lowes gift cards at a discount.  They can be had for 7-8% off face value at Cardpool and Plastic Jungle. I have mentioned these websites many times, but if you haven't signed up yet, do it now.  Just click on the links.  While Visa Freedom card and Discover cards are offering 5% cash back on your purchases at home improvement centers starting April 1st, you can get a jump on them and get 7-8% instead by buying these cards.  If you are very clever, you will go through Mr. Rebates (see Step 2) to purchase your discount gift cards at Cardpool, thus nailing an extra 1%.  And if you have truly been following my advice, you will purchase those gift cards with your cash back credit cards, adding yet another 1-3%.  If you are not planning to buy online, make sure you buy the regular gift cards, NOT the electronic gift cards (which can only be used online).  Ohh, and for those of you who read this far, if you go through Mr. Rebates to purchase your coupons on Ebay in Step #1, you will get an extra 3% back on that purchase as well :)

Step 4:  Once you receive your gift cards, proceed to to the store, with your 10% coupon and gift card in hand, and smile when you get to the checkout counter, knowing you have just saved about 20% on everything you are buying.

There you have it. How to save 20% at Lowes all year long.


BONUS!!  I am trying to build my readership, as this Blog is new.  If you find this information useful, please subscribe to my Blog.  For the first 25 readers who subscribe to Cardpool and Mr. Rebates from this blog, I will send a free 10% off coupon to Lowes for purchases up to $5000.  Just send me a message via my personal Facebook page, so that I know where to send the coupon.

Sticker Shock at the Gas Pump?? Here's Some Help

  
With gas prices starting to approach $4.00 a gallon, I thought it would be timely to talk about how to save a little on your gas purchases.


Many credit cards offer cash back on fuel purchases, ranging from 1% to 5%.  Some of these cash back rebates are available only for a certain period of time. The better cards offer a fixed cash back percentage for fuel purchases, irrespective of the day or month that you purchased it.


The best credit card that I have found for fuel cash back rebates is from the Pentagon Federal Credit Union.  Their Platinum Rewards Visa offers 5% cash back all year long on fuel purchases at the pump, up to $3000.00, then it drops to 1%. One must be a member of the Credit Union, but they make it relatively easy to belong.  Credit standards for the card are strict.  There is no annual fee, and they offer 1% cash back on all other purchases as well.


The next best card is the American Express/Costco card, which offers 3% cash back on all fuel purchases, 2% on restaurants and travel, and 1% on all other purchases. There is no annual fee if you have a Costco membership.


The next 2 cards are similar in their features, in that they offer 5% cash back during prescribed time periods for their members.  These cards are the Discover More card and the Chase Freedom Visa card.  The Discover card has maximum cash back caps, while the Chase Freedom Visa card does not.


Now 3-5% cash back is not a lot of money, but every little bit helps in this day and age.  Know what card gives you the best cash back, and use it. 

Whole Foods Gift Cards on Sale - While They Last

 Cardpool currently has 10 Whole Foods $100 gift cards on sale for $97.  All of their gift cards are 100% guaranteed for 101 days.


Go through Mr. Rebates first and get an extra 1% off.  These will be gone in 2 hours.  Happy shopping!

Debit Card Users: Cash Back Rewards For You Too!

     Most of us are familiar with the cash back credit cards offered by the large financial institutions like Chase, Citibank, Bank of America, Amex and Discover. And this coming week, I will be featuring what I consider to be the best of those cards. However, did you know that debit card users can also take advantage of the cash back awards without having to get a credit card?

     This past week, I learned of a company called Perkstreet Financial, which is offering a debit card which provides cash back rewards on non PIN transactions.  And the rewards aren't puny either. 2% cash back on all transactions, with monthly featured categories that can get you 5% back.  For March, those 5% cash back categories are home supply stores, sporting goods stores, apparel stores, and tax preparation services.


     In addition, all of Perkstreet Financial's ATMs are surcharge free, and they are Federally insured through the FDIC. Check them out, and happy cash back rewards!

Get 50% Bonus for Purchasing Delta SkyMiles with Your Unusable Air Miles

   For a limited time, Points.com is offering a 50% bonus should you wish to exchange your unused air miles with another carrier for Delta Skymiles.  That is a pretty nice premium.  You can also purchase air miles directly at the site and receive this 50% premium.


While I am not a big fan of Delta Airlines, nor of frequent flier miles in general, I am sure there are those who are.  Here is an opportunity to move frequent flier miles from one carrier to another, and pick up some extra miles in the process for free.

Zappo's Free VIP Membership Has Returned

   Periodically, Zappos opens up their VIP Membership to everyone for free. Today, they are doing it again.  This offer will last perhaps for one week.  VIP Membership entitles you to free shipping on all purchases, and a few other perks.  If you know Zappos, you know that they are the best source for hassle free purchasing of shoes at the very best prices.


 Get over there and sign up for their free VIP membership.  Oh, and if you are thinking of buying some shoes there, don't forget my tips on how to get an extra 9-10% cash back for their site by buying a gift card first.  

Pharmacy Discounts for the Rest of Us

     I ran across this website today that offers discount at most major pharmacies for prescription and non-prescription drugs.  If you are uninsured, have a high copay or HSA, are sitting in the donut hole, or simply need prescriptions that your insurance will not cover, then this site is for you.

The company is called Honest Discounts, and it takes 30 seconds to sign up (free) and print out your prescription discount card.  You cannot be turned down, as you don't need to qualify. The savings are real, and their card is honored by Walgreens, Walmart. CVS, Safeway, Kroger/King Soopers and so on. You can check for prices online at your current pharmacy, and see how it stacks up to what you are paying now.


   With prescription drug costs skyrocketing, it is time that the consumer have some help keeping these costs under control.  This may be one of those tools.  And while you are at it, if you aren't paying for the drugs with your HSA card, then I hope that you are paying with a gift card, to score an extra 3-8% off, depending on where your pharmacy is. 

How to Buy an Ipad 2 and Get Cash Back!

Unless you live on another planet, you probably know that Steve Jobs and his Apple crew unveiled the new Ipad 2 yesterday, to go on sale March 11th.  The price is $500, same as the current price for the original Ipad, but with a lot of upgraded features.


Apple has also announced that the Ipad 2 is going to be distributed in several major outlets in addition to its own stores.  Merchants currently include Best Buy, Sam's Club and Walmart.


I sincerely doubt that any of these merchants will be discounting the price of the Ipad2, so plan on paying $500, both online and in the stores.


So how does one get cash back (in addition to using a cash back credit card)?  It's not as hard as you think. Let me take you through the process using Best Buy as an example.


1.  Sign up at Cardpool, a major gift card reseller, if you are not already a member.  It's free.


2.  Sign up at Mr. Rebates, a major online cashback portal, if you have not already done so. It too is free.  This site gives you 1% cashback on all your purchases at Cardpool.


3.  Go through Mr. Rebates to the Cardpool website and purchase a Best Buy giftcard for a 6% discount.  You are getting an extra 1% from Mr. Rebates for going through their site, so that is 7% so far. If you plan on buying your Ipad online, you can buy an electronic Ecode instead of an actual plastic gift card, and the code will be sent to your email within hours.


4.  If you are purchasing online (and why not, you might save sales tax), wait for your gift card or eCode to arrive.  Then go to Mr. Rebates again, select Best Buy as your merchant, and proceed to the Best Buy website.  Purchase your Ipad 2 with your gift card.  Mr. Rebates will give you another 1% ($5) on your purchase.


5.  Sit back, pat yourself on the back for being a smart shopper, and wait for your new Ipad 2 to arrive at your doorstep. You have just saved 7-8% on the Ipad2 going through Best Buy.

Today Only: 6% off your Groupon purchase

 Are you a fan of Groupon? As part of their Daily Double, Ebates is offering for one day only, 6% off any purchase you make on Groupon through their portal.  Try this link. 


Not sure who Ebates is?  Read about them in my Post on Cash Back Portals on Feb. 28th.

Update: Cash Back Portal News

     Based on my recent purchases,  Mr. Rebates calculates their cash back percentage on the price BEFORE discounts are applied.  So if you have a discount code, that is not taken into account.  This makes the actual cashback percentage even higher than stated. For example, when I purchased the Nook Color on Ebay through Mr. Rebates, the original price was $249. Even though I had a coupon for $50 off, the cash back rebate I received was $7.47, or 3% of the stated price. Since I only paid $199, the actual discount was more like 3.75%.


     Ebates has just announced that their cash back at Walmart.com has increased to 2%.  If you plan on doing any shopping online at the big W, remember to go through Ebates.


What?  You say that you still haven't signed up for these sites? Ebates is giving out $5 cash and Mr. Rewards $7.50 just for signing up. Here are the links:

Ebates


Mr. Rebates

Deal of the Day: 2 Fandango Movie Tickets for $9

Living Social is offering a coupon code to allow you to purchase 2 Fandango movie tickets for $9.  This deal is available for purchase for one more day.  Move quick.  Click here for the deal. 


Here is the fine print:  Tickets must be purchased through Fandango website (www.fandango.com), must be purchased for the same movie and showing time, and can only be used for tickets up to $15 each in face value.  1 Purchase per family.


Enjoy yourselves!

The New Gift Card Law & Consumer Protections

     As of August 22, 2010, the CARD ACT (credit card reform act) passed by Congress took effect for all gift cards issued as of that date.  Substantial consumer protections were part of the reforms imposed on the gift card issuers.  The following article published by the Federal Reserve outlines the changes for consumers and issuers.