Re: Best rewards programs for credit card use?
There is no cap on how much you can earn, but there are a few conditions on it. First is that the cashback bonus is tiered; the first thousand you charge is .25% cashback, second thousand is .5% cashback, third thousand is .75% cashback. All purchases over 3 thousand is 1% cashback. The total charges are reset every year so you have to start back at .25% cashback and rebuild your tier level. The second thing is that you can only redeem your cashback award in multiples of $20 so if you don't use a lot of credit, it may take a while to see the result of any award.
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