Chase has a new rebate card called "profit". Link

Features:

- 3% back on gas OR groceries OR resteraunts
- Appears to be a tiered rebate on everything else up to 1% cash back
- You can change what category you receive 3% back on at any time (although I don't know if that means any billing period or if you could do it each day depending on if you are buying gas or not)
- No limits
- No anual fee

Seems like it could be a bit better card than their perfect card. Any thoughts?

Link

Sorry about the links, they are fixed now

try this Link

TruthTeller said:pheta said:Appears to be a tiered rebate on everything else up to 1% cash back
Not exactly. It's 0.5% if you don't revolve a balance of at least $500, 1% if you do.


I must be blind....where did you see this information? I clicked on their Credit Card disclosures page and see the APR, annual fee etc but only reference I see to reward info is that it will be provided with the actual card.

That should be the restaurant card and back-up for Citi/Discover Gas/AAA

This seems to be a really good restaurant cash rebate card; anyone know of any other cards that give 3% for restaurant purchases?

Also, does the 'revolving balance' mean a month-to-month balance of $500+, or just that at least $500 was charged on the card per billing period? If I don't keep a balance, am I stuck with 3% special categories + 0.5% all else?

Thanks for any insight.

Applied for this card...

Citi Platinum Dividend Card for 5% back on groceries, gas and pharmacy up to $300 a year.
Chase Profit Card for 3% back on restaurants.
and finally the Chase Freedom card use for 1% back on everything else.

fasteddie said:Thanks for posting! 3% is definitely worth it for restaurants for me at least!

What do you define as "worth it"? I spend about $250/month at restaurants and i'm not going to bother.

nice find op,
It turns out that "Perfect card" is not perfect anymore, will try to convert my Perfect card to Profit card.

famewolf said:I'd keep both the freedom AND the profit card..not convert it...the profit card is NOT a flat 1% card....it's up to 1% if you maintain a balance and it appears it's either 3% back on groceries OR 3 % back on gas OR 3 % back on restaurants OR up to 1% back on everything...so for me makes more sense to use both.

The profit card really only makes sense as a restaurant only card and since the credit is applied to your next months statement it's free money. To the person who spends $250 a month on restaurants....if you want to throw away $90 a year in free money I suppose thats your choice. (250*12=3000*.03=90)

Although if Zon already has a 1% card, it's only $60. Still free money is free money. I'm going to do it.

LongDongSilver said:It's a good supplement to Perfect Card if you buy a lot of groceries or dine out a lot since you are getting 3% on gas anyway with Perfect Card.
I get 5% on gas with discover and 5% on groceries with citi, therefore the perfect card is only good for 1% cash back, unless a small local store where you shop accidentally is being treated as a gas purchase(but still 3% on grocery is not as good as 5% from citi)

Update: corrected the typo...