Comments on: Gas and Groceries – the Cash Back Favorites http://www.creditcardguide.com/credit-cards/gas-and-groceries-the-cash-back-favorites.html The Leading Source of Credit Cards Online Thu, 17 Nov 2011 00:24:50 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Vepa http://www.creditcardguide.com/credit-cards/gas-and-groceries-the-cash-back-favorites.html#comment-7921 Vepa Fri, 08 Oct 2010 16:57:17 +0000 http://www.creditcardguide.com/credit-cards/?p=2463#comment-7921 I used City Bank Credit cards for a while. I am truly disppointed with dispute handling of City card management. I bought Vitamins on Internet and they turned out to be sugar pills. I returned to the merchant on time with proof of mailing. The merchant never credited the account. When I requested City bank with all the proof and documentation they indicated according to their investigation the merchant is right. They gave the merchant credit. Now I do not have the sugar pills and lost $125 and miailing fees. BEWARE OF CITY BANK CARDS. OTHER BANKS CREDIT CARDS ARE BETTER. THEY WORK WITH YOU. LIKE US Bank and American Express. PLEASE DO NOT GO FOR CITY BANK CREDIT CARDS. A NUMBER OF MY FRIENDS HAD SIMILAR ISSUES. IS THERE IS A BETTER PLACE TO POST MY FRUSTRATION? I used City Bank Credit cards for a while. I am truly disppointed with dispute handling of City card management. I bought Vitamins on Internet and they turned out to be sugar pills. I returned to the merchant on time with proof of mailing. The merchant never credited the account. When I requested City bank with all the proof and documentation they indicated according to their investigation the merchant is right. They gave the merchant credit. Now I do not have the sugar pills and lost $125 and miailing fees.

BEWARE OF CITY BANK CARDS. OTHER BANKS CREDIT CARDS ARE BETTER. THEY WORK WITH YOU. LIKE US Bank and American Express. PLEASE DO NOT GO FOR CITY BANK CREDIT CARDS. A NUMBER OF MY FRIENDS HAD SIMILAR ISSUES. IS THERE IS A BETTER PLACE TO POST MY FRUSTRATION?

]]> By: Michael Bruce http://www.creditcardguide.com/credit-cards/gas-and-groceries-the-cash-back-favorites.html#comment-7386 Michael Bruce Sun, 19 Sep 2010 20:37:17 +0000 http://www.creditcardguide.com/credit-cards/?p=2463#comment-7386 I used to think that cash back rewards were a statistics game. In other words, if everybody started clearing their balance every month, rebates would have to change, or even disappear, as there'd be no money to pay for it. Then I realized that the consumers aren't the only ones paying the card providers: retailers pay commission on each sale too. From what I understand, that's where most rebates come from. Is it possible that retailers in certain categories are paying a higher commission, or would the habit-forming nature of regular purchases be a loss-leader for the credit card companies? I used to think that cash back rewards were a statistics game. In other words, if everybody started clearing their balance every month, rebates would have to change, or even disappear, as there’d be no money to pay for it. Then I realized that the consumers aren’t the only ones paying the card providers: retailers pay commission on each sale too. From what I understand, that’s where most rebates come from.

Is it possible that retailers in certain categories are paying a higher commission, or would the habit-forming nature of regular purchases be a loss-leader for the credit card companies?

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