Some of the more popular cash back credit cards have incorporated a cash back rewards program that rotates the categories in which cardholders can receive higher cash back.
The Rotating Categories Movement
Since the new credit card rules went into effect, Chase and Citi revamped their cash back programs to use the rotating categories format that was first adopted by the Discover card.
As a result, credit card companies will be paying out less in rewards and cash back rebates.
To make earning cash back even more difficult, credit companies require cardholders to sign up to earn the quarterly bonus cash back. Also, many of these cardholders have no idea what are the current cash back categories.
All in all, the entire rotating categories cash back program system is meant to be a hassle and out-of-mind to the point that card customers become lazy or forgetful to take advantage of the cash back.
5% Cash Back Rotating Categories
|Cash Back Credit Card||Period (2011)||5% Cash Back Categories|
|Chase Freedom®||Jan. 1 - Mar. 31||
|Discover More||Jan. 1 - Mar. 31||
|Citi Dividend Platinum Select||Jan. 1 - Mar. 31||
For all three cards lists above, customers receive 1% cash back on all other purchases.
How to Sign Up for Bonus Cash Back
It can be quite the treasure hunt to find out how you can enroll in the 5% cash back rotating categories program.
Or, the link may be right in your face but you don’t notice it because you’ve grown to shun the many offers that credit card companies throw at you.
If you are a cardholder, here is how you can find the sign up links: