November Cashback Rewards: 2.8%

This post was inspired by a post over at Free Money Finance called "How You Can Earn Over 2.6% Cash Back by Using a Combination of the American Express Blue Cash and Chase Freedom Cash Visa Credit Cards"

This was my first full month using the Chase Freedom Card. As I discussed in previous blogs... I don't like Chase and I refuse to let them make interest off of me. I pay the balance in full every month and let them pay me cash back.

This month I used a hybrid rewards approach between Chase Freedom and Discover's Get More program to earn 2.8% cash back. (Funny, both of these banks used to Charge me almost 30% interest. Makes the cashback rewards oh so much more satisfying...)

Chase Freedom offers 1% back on every purchase, 3% on the 3 categories where you spend the most. The 15 categories include:

• Grocery Stores
• Gas & Convenience Stores
• Fast Food and Quick Service Restaurants
• Utilities (Gas and Electric)
• Drugstores
• Department Stores
• Pet Supply Stores/ Vet
• Phone/Cell Phone Bills
• Cable/Satellite/Internet
• Local commuting
• Gym Membership
• Movie Theater
• Movie Rental
• Dry cleaner
• Beauty Salon/Spa

Discover's Get More program offers 5% cash back in select categories that change every quarter. They also offer 5-20% on many online purchases. This quarter Get More categories include:

• Restaurants (all)
• Movies/ Movie Rentals

My highest bugeted spending categories are Grocery and Gas followed by Utilities and Dining Out. I ONLY use my Discover card for Get More purchases (including my Netflix subscription) and use the Chase for everything else. It worked out well this month! I earned 2.8% cashback on all of the money spent in November. Wow it feels great to make money on purchases rather than pay it :)


Thank you to Patrick at Cash Money Life for including this post in the 129th Carnival of Personal Finance!