Darrell KSR
01-25-2018, 11:19 AM
I have two credit cards that sometimes have a "5% back" feature. For example, through March 31, Chase Bank will give me 5% back on gas station purchases and internet service provider/cable purchases, up to $1500. So it's potentially a $75 benefit this quarter.
I just redeemed $112.09 I had just with a credit to my statement. Or maybe a deposit, don't remember. Anyway, cash. But if I use it to purchase things on Amazon, where my card is already listed, they only give like 80% credit....in other words, I only can use it for $89.67 in purchases. (I may have the exact dollar amount wrong, but that's very close).
Why would they do that? I can require them to give me cash money of $112.09, but if I use it to pay Amazon, I have to take a 20% hit. Why?
FWIW, Discover also has the 5% back at certain times, and it's also on Amazon. They give dollar for dollar credit for Amazon purchases, so if I have $112.09 for Discover, I can purchase that much on Amazon.
Not a big deal--I could always credit the $112.09 against Chase, then use the Chase card to purchase Amazon stuff if I was dead set on doing that, but just seems odd to me, and was wondering if anyone knew why they did this. FWIW, they allow dollar for dollar credit for gift cards and other purchases, although really, I've only done statement credits or deposits and Amazon for these things, as those are the cleanest.
I just redeemed $112.09 I had just with a credit to my statement. Or maybe a deposit, don't remember. Anyway, cash. But if I use it to purchase things on Amazon, where my card is already listed, they only give like 80% credit....in other words, I only can use it for $89.67 in purchases. (I may have the exact dollar amount wrong, but that's very close).
Why would they do that? I can require them to give me cash money of $112.09, but if I use it to pay Amazon, I have to take a 20% hit. Why?
FWIW, Discover also has the 5% back at certain times, and it's also on Amazon. They give dollar for dollar credit for Amazon purchases, so if I have $112.09 for Discover, I can purchase that much on Amazon.
Not a big deal--I could always credit the $112.09 against Chase, then use the Chase card to purchase Amazon stuff if I was dead set on doing that, but just seems odd to me, and was wondering if anyone knew why they did this. FWIW, they allow dollar for dollar credit for gift cards and other purchases, although really, I've only done statement credits or deposits and Amazon for these things, as those are the cleanest.