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New Principal Casback Card, rebate on BT!

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New Principal Casback Card, rebate on BT!

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Old Sep 13, 2003, 1:26 am
  #1  
Original Poster
 
Join Date: Mar 2000
Location: Bay Area
Posts: 367
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.
neophyte is offline  
Old Sep 13, 2003, 3:59 am
  #2  
 
Join Date: Apr 2001
Posts: 1,226
does this mean it is capped at $40K?
lewinr is offline  
Old Sep 13, 2003, 10:21 am
  #3  
Original Member
 
Join Date: May 1998
Location: Kirkland, WA
Posts: 6,932
It seems to be capped according to the T&C. The most you can make is $575.

QL
QuietLion is offline  
Old Sep 18, 2003, 6:34 pm
  #4  
Used to be 'Travelergcp'
 
Join Date: Jul 2003
Location: New Orleans
Programs: AA Plat, Marriott Gold, Hyatt Globalist
Posts: 2,827
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
TravelerMSY is offline  


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