New Principal Casback Card, rebate on BT!
Here's a new card from them:
http://www.principal.com/bank/ccards.htm No annual fee. Rebate Spending levels 2.0%=$25,000-$40,000 1.5%=$15,000-$25,000 1.0%= $5,000-$15,000 0.5%=Less than $5,000 This one is not issued by Principal (theirs was 1.25% flat rebate) but by some third party. If you spend 40K, rebate comes out just above 1.4% But wait, they offer rebates on no-fee balance transfer. I can't believe my eyes, good old days are back. And for diehard mileage addicts, they have another card with a travel program. |
does this mean it is capped at $40K?
|
It seems to be capped according to the T&C. The most you can make is $575.
QL |
Got to be a cap, as restaurant owners with 1.5% merchant accounts would just live off the spread. You'd make 5k/month if you could wash $1,000,000 in charges monthly.
Traveler |
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