Can someone explain the differnet between these two cards? I have an pre-approval email from AMEX today that is offering me $100 bonus for getting this card. In all honesty I would prefer the BCP but not sure what the big different is. Thank you.
BCP: 6% on groceries, 3% gas & dept stores, 1% everything else. $75 AF but $150 offer if you spend $1,000 in 90 days
BCE: 3% on griveries, 2% gas & dept. stores, 1% everything else. NO FEE. $100 offer if you spend $1000 in 90 days
Suppossedly the same approval criteria.
My advice would be to spply for the BCP & if you don't want to pay the fee next year call amex & ask them to PC it to the BCE.
One of the card review websites breaks down the comparison of the AmEx Blue Cash Everyday vs. Preferred in annual savings on typical expenses (gas, groceries, dept stores, misc). Depending on how much you charge will depend on if the annual fee will be offset in your cashback. But, since there is 1 year without the AF, you might as well take advantage of it.
With first year bonus, only a $25 dollar difference. So do you spend more than around 800 dollars a year at grocery stores? At end of year, you can just downgrade.
all the info above is accurate, but the AF for the BCP isnt waived.
Did the email have this subject: "Limited Time Offer -- Earn $100 Bonus"? If so that is not a pre-approval, just spam. I got one and I already have the Blue Cash Everyday.