AmEx BCE to BCP upgrade offer

Anonymous · ‎10-18-2017

I just saw that AmEx is offering me $250 cash back to upgrade my BCE to BCP after $2000 spend in 3 months. It's a pretty tempting offer, even with the annual fee factored in that's $155 in free money sitting right there. But I've also done the math, and I don't even break even with the BCP less the annual fee compared to what I earn with the BCE. I just don't spend enough on groceries.

Of course, I could always downgrade my card after, though it does say that doing so in the first 12 months could result in me losing the bonus. So what should I do?

Anonymous · ‎10-18-2017

@Anonymous wrote:
I just saw that AmEx is offering me $250 cash back to upgrade my BCE to BCP after $2000 spend in 3 months. It's a pretty tempting offer, even with the annual fee factored in that's $155 in free money sitting right there. But I've also done the math, and I don't even break even with the BCP less the annual fee compared to what I earn with the BCE. I just don't spend enough on groceries.

Of course, I could always downgrade my card after, though it does say that doing so in the first 12 months could result in me losing the bonus. So what should I do?

You don’t have to downgrade right away. Just keep the card for 12 months and downgrade just at the time the next AF is due. You’ll be fine.

Anonymous · ‎10-18-2017

How long has your BCE been open? I have a new ED, but I really should have signed up for the EDP, since I am using it a lot. I hope to get an upgrade offer in the future!

Anonymous · ‎10-18-2017

@Anonymous wrote:
How long has your BCE been open? I have a new ED, but I really should have signed up for the EDP, since I am using it a lot. I hope to get an upgrade offer in the future!

June 2016.

MrDisco99 · ‎10-18-2017

CARD Act prevents upgrade offers for at least a year. Can't add an annual fee to a card in the first year.

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Anonymous · ‎10-19-2017

@MrDisco99 wrote:
CARD Act prevents upgrade offers for at least a year. Can't add an annual fee to a card in the first year.

I've had the card for 15 months.

MrDisco99 · ‎10-19-2017

Right. Which is why you're seeing an upgrade offer.

I was addressing those asking how long they had to wait.

Anonymous · ‎10-19-2017

Take the offer and then PC back to the BCE at the end of the 12 months. I really liked the BCP for the 1st year i had it, I now have the BCE bc I ended up using my PRG/Green more than anything. i am hoping for an offer to upgrade though so I can once again make it my every day card!

Anonymous · ‎02-28-2018

I just got this offer yesterday for $150 statement credit after 2K spending in 90 days.

SomewhereIn505 · ‎02-28-2018

According to your calculations, if you saw $155 on the ground, you would pick it up, right?

Congrats on the upgrade! I’m looking forward to an offer at the end of the year! 🎉🎉🎉

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