Is this too good to be true?
“A 5% annual point dividend will be awarded each calendar year (January 1 through December 31) when you make $50,000.00, or more, in Net Merchandise Purchases. The amount of the dividend will equal 5% of your total Net Merchandise Purchases made during the calendar year. The Annual Point Dividend will be awarded within approximately 14 business days of the end of each calendar year.”
I must be missing something…
T&C for rewards program.
Rewards site
https://rewards.commercebank.com/ip-cbkc/app/Welcome
Posted some links to the wiki. Can’t seem to see the points-to-dollars cashback rewards rate without logging in. Anyone with a Commerce bank card want to check?
I believe it’s an additional 5% annual CB bonus on your rewards, not on what you spend.
That would make sense, but the statement in the original post above seems to imply otherwise…
Can’t see how many points you need to redeem for their $25 cash back reward without logging in.
The T&C PDF says that you earn one point per dollar spent (does not match the 1.5x offer on web site) and that $50,000 in purchases earns a dividend of 2500 points (does not match the definition in the T&C or the fine print, tho) ::
A 5% annual point dividend will be awarded each calendar year (January 1 through December 31) when you make $50,000.00, or more, in Net Merchandise Purchases. The amount of the dividend will equal 5% of your total Net Merchandise Purchases made during the calendar year. The annual point dividend will be awarded within approximately 14 business days of the end of each calendar year. Example: $50,000.00 in Net Merchandise Purchases made in one calendar year will equal a dividend of 2,500 points.
So $50,000 in purchases would earn 52500 points (per PDF T&C example) or perhaps 77500 points (per web site offer) but somehow I think probably not 325000 points (1.5 base + 5%-of-purchases bonus offered on web site).
But hey if you want to try, go for it! Good luck & let us know how it goes. There’s a nonzero chance you might get the more generous point bonus after the end of the year, especially given the language.
The real issue here is the 5% dividend is annual, not monthly. If you slam it, huge risk of AA and walking away with nothing.