The Internet has revolutionized just about every aspect of modern life. Fortunately, the credit card industry has adapted to this fact of life and many related online shopping portals have sprung up. Users of such portals often qualify for enhanced rewards, typically in the form of higher points, miles or cash back than is offered through traditional shopping outlets.
So, without further ado, let’s compare two of these online shopping portals. We’ll take a look at the Chase Ultimate Rewards Mall and ShopDiscover. Each offers unique benefits to Chase or Discover customers, respectively. Which is better? Let’s take a look.
Of course, a major piece of the rewards pie is the value of the rewards.
In this regard, ShopDiscover offers a greater benefit than Chase Ultimate Rewards. When using ShopDiscover, customers earn from 5 to 20 percent back on their purchases through over 200 retailers.
On the other hand, Chase customers can earn from 1 to 10 points per dollar spent on each item in the Ultimate Rewards Mall. These points can be exchanged for cash back, just as ShopDiscover customers earn cash back. However, as each point is worth one cent, this effectively amounts to a savings of 1 to 10 percent on purchase, which is less than Discover’s mentioned offer.
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