Discover Card: Earn 5% on up to $300 in Groceries in May

Discover Card 5% Rebate on GroceriesDiscover just announced that cardholders can now earn a 5% cashback bonus on up to $300 in spending on groceries in May. This bonus can be earned in addition to the 5% categories (movie theaters and restaurants) that were previously announced for the current quarter.

You’ll need to sign up for the promo first before you can start earning your bonus 5% cashback. You can sign up now at this link.

This update is now also reflected on our cash back bonus calendar, where you’ll notice that the Chase Freedom is also offering 5% back this quarter on groceries (on up to $1500 in spending).

How to Earn More Credit Card Rewards Without Spending More: Gift Card Arbitrage

Amazon gift cardFor the experienced point and rewards chasers, this “tip” is hardly new, as the basic idea itself is simple–to maximize your point earning potential, you’ll want to spend more at places that offer the highest rebate percentage. But how can we do this without actually spending more money? One easy answer: Buy prepaid cards and gift cards to manipulate your spending so that it falls into a high rebate bonus category.

For example, the American Express Blue Cash Preferred card pays a juicy 6% cash back at stand-alone supermarkets. Chances are that your local grocery store stocks a wide variety of retail branded gift cards (such as Amazon.com gift cards). Ordinarily, you might only earn a 1% rebate on Amazon.com purchases, but if you buy an Amazon.com gift card at your supermarket with the Blue Cash Preferred card, you’ll earn 6% cash back on that gift card purchase. With one extra step, you’ve turned a 1% transaction into one that nets 6%.
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Chase Adds Ritz-Carlton as Ultimate Rewards Partner

Ritz-Carlton RewardsChase and Ritz-Carlton had already teamed to offer the Ritz-Carlton Rewards credit card, so it comes as no big surprise to learn that Chase has just added Ritz-Carlton as its latest “Ultimate Rewards” point transfer partner.

Under the new partnership, Chase Sapphire Preferred, Ink Plus and Ink Bold cardmembers can now instantly transfer Ultimate Rewards points to The Ritz-Carlton Rewards at a 1:1 point ratio and then redeem those points towards free nights at Ritz-Carlton hotels and resorts as well as at 3,400 partner hotels around the world.
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Chase Sapphire Preferred Sign-Up Bonus: Soon to be 40,000 Points?

The Chase Sapphire Preferred card has had a long run offering a very lucrative 50,000 point sign up bonus, equivalent to $500 in statement credit, $625 towards airfare or hotel accomodations, 2 free plane tickets or 2-10 free hotel nights at a Hyatt property. That could soon be coming to a change, however.

As readers report, Chase is now advertising a sign up bonus of only 40,000 points for the card. Also, if you navigate through Chase’s website, in several places they now promote the 40,000 point bonus.

Could this be a sign of things to come? Time will tell, but if I were a betting man, I would wager that this is a change that will eventually (and probably soon) come to pass. For now, though, you can still get in on the 50,000 point bonus through these links.

Update 3/30: I’ve just received word that Chase will be updating the Chase Sapphire Preferred card offer next Tuesday, April 3. It seems highly likely that the current 50,000 point offer will only last until then.

Cap One Venture Double Miles Challenge: Possible 100,000 Point Bonus

Capital One Venture Double Miles ChallengeAfter seeing success with last year’s “Match My Miles” promo, Capital One has brought back another potential 100,000 point sign up bonus for its Venture Card. Under this year’s promo, called the Venture Double Miles Challenge, your bonus will be limited to double the amount you spent on a single competitor’s consumer travel credit card (Visa, MasterCard, American Express, or Discover) up to a maximum bonus of 100,000 miles per account.
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