Last night, we went to Fred Meyer and used the U-Scan to check out. At the end of the transaction, it asked whether we had a Fred Meyer rewards card. We hadn’t heard about that before.
I looked it up just now, wondering whether we could have gotten any
better prices. Nope — this is a rebate card. But it’s a rebate card with
some pretty strict rules.
- Rebates are broken down into 13–week cycles.
- You must earn 100 or more points in a 13–week cycle to qualify for a rebate.
- Each point “costs” $5. There are a number of items that don’t
qualify, too, like jewelry, fuel, prescriptions, alcohol, tobacco,
postage stamps, gift cards, and lottery tickets (among others).
- If you’ve spent $500 or more that quarter, you will receive a rebate that converts each 20 points into $1.
- This rebate won’t be cash, but a coupon good for future purchases at Fred Meyer.
Provided that you spend at least $500 every 3 months at Fred Meyer, you’ll get a 1% discount on the things you purchase.
1% is reasonable, but they’ve got that minimum spending limit and
amounts don’t roll over to the next quarter. Spend just $499.99 and
you’re out of luck.
I think the Citibank Dividend Platinum,
with a 5% cash rebate at supermarkets, drugstores, and gas stations,
looks much better, even with its annual rebate cap of $300. And it’s not
limited to just one store like the Fred Meyer rebate card.