Disclaimer: This website is monetized by ads and other affiliates. As such, this article may contain affiliate links. If you decide to use them, you can sleep easier knowing you're helping me give my cats a better life. :) I really appreciate your support!
CashBackMonitor chimed in in the comments and let me know that URM rates vary by card. They are working on implementing a way to show what rate each card is, so hopefully that will be happen soon. For now, you should double-check the URM portal before making purchases.
If you don’t know what CashBackMonitor is, it’s a website that tells you how much money, points, or miles portals pay out for different stores. It’s a great website that I use almost daily, so don’t get me wrong by the title of this post. However, since it keeps track of literally 10,000+ retail stores and 40 portals, there are bound to be mistakes made.
Today I was shopping on Staples for some items to resell, because they’re running a promotion where you can get $25 off a $150 purchase when you use Visa Checkout. Quick note: that offer expires on 9/20/14, it cannot be used on gift cards (I tried), and you can use any credit card with the service (Ink cards anyone?). Anyway, when I went to check CashBackMonitor to see what portal had the best rate, here’s what it looked like:
As you can see, CashBackMonitor says the best portal is ShopDiscover at 5%. I didn’t want to use that portal, because I’ve heard mixed reviews about Discover tracking purchases made with other credit cards and of course I planned on using my Ink Bold. So, I decided to use the Ultimate Rewards Mall at 2 pt/$. I could’ve use Top Cashback for 3%, but I value Ultimate Rewards points at 1.5 cents each, making the UR portal basically 3%. When I found Staples on the UR Mall, I noticed it was 4 pt/$ instead of 2 pt/$. That was great for me, but a little disappointing to find out that CashBackMonitor wasn’t perfect.
Because of this discovery, I checked a few other stores to see if it was only Staples. Here’s what I found:
The moral of the story: It appears that CBM takes a while to update URM rates, so you should always double-check URM to see the real rates.