Capital One has been sending me a credit card offer in the mail for their “No Hassle Cash Visa Platinum Card”. They mixed up the numbers around to make the rewards seem more exciting than they really are.
The offer is “Earn 1% cash back AND an annual 25% cash bonus”. So you basically earn 1% cash back on all purchases and then get a annual 25% bonus on cash earned. Anyone that can do simple math knows this essentially means 1.25% back on all purchases, but you’ll have to wait for that extra 0.25% annually.
Chase should employ the same strategy for their 3% back Freedom card. Earn 1% back and get a 200% bonus annually!
