Comment by georgemcbay

> This seems... really good. As in, it's essentially free money. Am I missing a catch here?

2% cash back for "everything" and 3% with some limitations (on platform, types of purchases, etc) is a relatively common reward structure for these types of credit cards. So its... good, but nothing really special.

The money is "free-ish" as long as you don't carry a balance month to month.

Of course, the banks know that a lot of people will actually end up carrying a balance (they mentioned in the linked announcement that they are bringing in an estimated $20 billion worth of existing balances with this deal) so they are fine with giving out the 2-3% "free money" for a lot of chances to collect 17-28% interest.