jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
How do they do this??
I’ve had this card for many many years. It pays 5% cash reward on gas in the form of a statement credit every month. Some other store cards offer 5% (Target, Lowe’s) but they are obviously cutting into their margin to do this. Penfed is somehow taking this out of the merchant fees? I’m not even sure they still offer this card. They tried to get me to switch to a different reward format a few years ago but I declined. I only use this card for gas. Just curious how they are doing this.
I’ve had this card for many many years. It pays 5% cash reward on gas in the form of a statement credit every month. Some other store cards offer 5% (Target, Lowe’s) but they are obviously cutting into their margin to do this. Penfed is somehow taking this out of the merchant fees? I’m not even sure they still offer this card. They tried to get me to switch to a different reward format a few years ago but I declined. I only use this card for gas. Just curious how they are doing this.