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Brian_Trying_700
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Amex BCE vs. Discover More vs. Chase Freedom

Who wins  rewards? What are your thoughts. :smileysurprised:

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?
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bs6054
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Registered: ‎11-11-2012
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Re: Amex BCE vs. Discover More vs. Chase Freedom


Brian_Trying_700 wrote:

Who wins  rewards? What are your thoughts. :smileysurprised:


Largely depends on your spend catagories!  If you can charge a lot in the 5% rotating categories (timing your purchases to coincide with the right catagory) the latter two might be better.  With BCE getting capped for groceries, the max there is $180 per year on groceries, + 2% uncapped on gas and department stores + 1% elsewhere.  The others have $75 per quarter maximum on the 5% categories, which might be better if you can max that out each quarter.

 

And take into account sign up bonuses, which vary from time to time.

 

My personal crusade: Consider PenFed Platinum Rewards instead of BCE.  That has uncapped 5% gas/3% groceries, 1% elsewhere.

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bahbahd
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Re: Amex BCE vs. Discover More vs. Chase Freedom

You have them in order (of increasingly annoying advertising campaigns.) 

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distantarray
Posts: 2,112
Registered: ‎09-25-2011
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Re: Amex BCE vs. Discover More vs. Chase Freedom

[ Edited ]

bs6054 wrote:

Brian_Trying_700 wrote:

Who wins  rewards? What are your thoughts. :smileysurprised:


Largely depends on your spend catagories!  If you can charge a lot in the 5% rotating categories (timing your purchases to coincide with the right catagory) the latter two might be better.  With BCE getting capped for groceries, the max there is $180 per year on groceries, + 2% uncapped on gas and department stores + 1% elsewhere.  The others have $75 per quarter maximum on the 5% categories, which might be better if you can max that out each quarter.

 

And take into account sign up bonuses, which vary from time to time.

 

My personal crusade: Consider PenFed Platinum Rewards instead of BCE.  That has uncapped 5% gas/3% groceries, 1% elsewhere.


Holy Crap! $180 max groceries? lol jk nice typo though =)   It's $6,000 cap on groceries about $115 in groceries a week average.

 

Regardless BCP is still the best, if you spend $110 a week on groceries, $65 a week on gas, and $25 a month on department stores you'll average $480.60 in cash back.

 

Considering Freedom and Discover are capped 5% categories at $1,500 per quarter it doesn't take much to cap it. The cap is $1500 in purchases or $75 in rewards quarterly. So that's $300 a year max in bonus categories.

 

So BCP wins by $180 minus $75 annual fee, and it still wins by over $100 and not to mention you get more benefits with Amex like purchase protection, warrenty extention etc and a lot more. Yes Visa Signiture has some of the simliar benefits, but remember not all Freedom cards are Visa Signitures, and I'm personally not sure about discover since I never had one or cared enough =)

 

If your going BCE route (no idea why anyone would) you still save $263 a year with no annual fees, so then technically Freedom and Discover could win a little edge if you don't care about Amex standard perks,

 

Personally, I don't like this whole rotating category spending, I rather choose :smileytongue:   especially at 5% at $1,500 cap let me choose! we can easily cap each category if we really wanted to.....And I like NOT having to think about which card I'm using for groceries or having to double think about which card to use for gas.

 

Although if your a freak like me then you'd get a Chase Trifecta  + BCP and those two = amazing gas benefits. 4.625% + making $3,000 gas spending savings for a 5% gas card less than $10 a year in savings. I don't know about you but I personally don't want to carry another card for little to nothing, and I'll deal with not having to spread out my rewards across too many cards worth the few dollars lost a year in my case.

 

 

Although the best Gas Card and grocery card right now, could arugably be the True Earnings Costco Amex. (Business account) only took me $7 and a trip to the local downtown tax collectors office to get a business tax id number. Also you get 1 free costco card for a member of the same household, and annual fee is waived when you review your Costco membership.

 

Since the CostCo gas is already heavily discounted comparing to even Sams Club gas etc. If your lucky like me and live close to a CostCo you get 4% cash back on ANY stand alone gas stations (not sams club etc)  including CostCo's already cheap gas. and 1% on CostCo, 2% at restaurants and travel.

 

So mixing that in with Chase Trifecta + True Earnings CostCo would save over 5.125%+ on gas and get CostCo discounts =) couple that with a BCE/BCP then you shouldn't even have to think about PenFED card imo. This route is much easier to get than PenFED, and even with a family it's pretty hard to max out your BCE/BCP limit with a family of 4 if you buy a lot of things at CostCo or Sams Club anyways (dry goods, cereal, juices, canned foods etc) You should only be getting fresher meats and produce at local supermarkets usually if you can. 

 

 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
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FrugalRican
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Re: Amex BCE vs. Discover More vs. Chase Freedom

I'd have to say, over the past year, the winner for me is the Chase Freedom, but ONLY because of the 10-10. Without it, there's a much different picture being painted.

 

But the real winner? Me. Because I have all three and combine them in a way to maximize the cashback from them.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

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Mellon
Posts: 339
Registered: ‎08-31-2007
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Re: Amex BCE vs. Discover More vs. Chase Freedom

i have all three !!! the newest is the Freedom and I really like it

| NFCU Cashrewards $14,000 | NFCU Platinum $12,000 | NFCU Navchk $10,000 | Amex BCE $3,000 | Amex HHonors $1,700 | Chase Freedom $3,300 | Chase Sapphire Preferred $5,000 | BOA 3-2-1 $5,000 | Barclays Apple $4,450 | CapOne Quicksilver $1,000 | OCCU Beaver $5,000 | CITI Diamond Preferred $2,500| Citi TYP $5,000 | GTE FCU $3,000 | | Discover IT $3,500 | Walmart Discover $8,000 | NCSECU $750 | NASA FCU $2,000| Chase Slate $4,000 | Barclays Reward MC $1,500| Best Buy $3,000 | Wells Fargo $3,000 | Chase Amazon $3,000
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bs6054
Posts: 1,673
Registered: ‎11-11-2012
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Re: Amex BCE vs. Discover More vs. Chase Freedom


distantarray wrote:

bs6054 wrote:

Brian_Trying_700 wrote:

Who wins  rewards? What are your thoughts. :smileysurprised:


Largely depends on your spend catagories!  If you can charge a lot in the 5% rotating categories (timing your purchases to coincide with the right catagory) the latter two might be better.  With BCE getting capped for groceries, the max there is $180 per year on groceries, + 2% uncapped on gas and department stores + 1% elsewhere.  The others have $75 per quarter maximum on the 5% categories, which might be better if you can max that out each quarter.

 

And take into account sign up bonuses, which vary from time to time.

 

My personal crusade: Consider PenFed Platinum Rewards instead of BCE.  That has uncapped 5% gas/3% groceries, 1% elsewhere.


Holy Crap! $180 max groceries? lol jk nice typo though =)   It's $6,000 cap on groceries about $115 in groceries a week average.

 

Regardless BCP is still the best, if you spend $110 a week on groceries, $65 a week on gas, and $25 a month on department stores you'll average $480.60 in cash back.

 

Considering Freedom and Discover are capped 5% categories at $1,500 per quarter it doesn't take much to cap it. The cap is $1500 in purchases or $75 in rewards quarterly. So that's $300 a year max in bonus categories.

 

So BCP wins by $180 minus $75 annual fee, and it still wins by over $100 and not to mention you get more benefits with Amex like purchase protection, warrenty extention etc and a lot more. Yes Visa Signiture has some of the simliar benefits, but remember not all Freedom cards are Visa Signitures, and I'm personally not sure about discover since I never had one or cared enough =)

 

If your going BCE route (no idea why anyone would) you still save $263 a year with no annual fees, so then technically Freedom and Discover could win a little edge if you don't care about Amex standard perks,

 

Personally, I don't like this whole rotating category spending, I rather choose :smileytongue:   especially at 5% at $1,500 cap let me choose! we can easily cap each category if we really wanted to.....And I like NOT having to think about which card I'm using for groceries or having to double think about which card to use for gas.

 

Although if your a freak like me then you'd get a Chase Trifecta  + BCP and those two = amazing gas benefits. 4.625% + making $3,000 gas spending savings for a 5% gas card less than $10 a year in savings. I don't know about you but I personally don't want to carry another card for little to nothing, and I'll deal with not having to spread out my rewards across too many cards worth the few dollars lost a year in my case.

 

 

Although the best Gas Card and grocery card right now, could arugably be the True Earnings Costco Amex. (Business account) only took me $7 and a trip to the local downtown tax collectors office to get a business tax id number. Also you get 1 free costco card for a member of the same household, and annual fee is waived when you review your Costco membership.

 

Since the CostCo gas is already heavily discounted comparing to even Sams Club gas etc. If your lucky like me and live close to a CostCo you get 4% cash back on ANY stand alone gas stations (not sams club etc)  including CostCo's already cheap gas. and 1% on CostCo, 2% at restaurants and travel.

 

So mixing that in with Chase Trifecta + True Earnings CostCo would save over 5.125%+ on gas and get CostCo discounts =) couple that with a BCE/BCP then you shouldn't even have to think about PenFED card imo. This route is much easier to get than PenFED, and even with a family it's pretty hard to max out your BCE/BCP limit with a family of 4 if you buy a lot of things at CostCo or Sams Club anyways (dry goods, cereal, juices, canned foods etc) You should only be getting fresher meats and produce at local supermarkets usually if you can. 

 

 


The $180 isn't a typo!   That is the max cash back on groceries, 3% on $6,000.

 

Regardless BCP is still the best, if you spend $110 a week on groceries, $65 a week on gas, and $25 a month on department stores you'll average $480.60 in cash back.

 

The OP was talking about BCE, where the reward would be $265.  But these are fairly made-up figures, hence my point about spending categories  (City dwellers may spend little on gas/groceries and much more on eating out for example, and the BCE/BCP doesn't reward that).  I do agree for many people the BCP is a better choice than BCE, just have to overcome the natural dislike of an annual fee.

 

Re Penfed, I have a different spending pattern!  We've spent, since Feb, around $16,000 on Groceries, (some small portion of that on gift cards, one of the reasons that AMEX introduced the cap).  Once the $6K on BCP is used up next year, Penfed continues (for now!) an unlimited 3% on groceries which will probably outweigh other card choices.

 

So my current card choice is BCP (for the initial 6% at $6000 on groceries), Penfed Plat Rewards (for gas and the remaining 3% groceries), US Bank Cash Plus (bill pay, restaurants) and Fidelity Amex (2% on everything else).   This largely avoids having to worry about categories, as Cash Plus is largely fixed, although you do have to sign up each quarter.

 

But again, this makes sense for me, for my spending patterns.   For others, this may make no sense and your selection would be more profitable.   So the OP has to consider all those factors, and signing bonus, and how easy the cards are to get.

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navigatethis12
Posts: 1,930
Registered: ‎01-24-2012
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Re: Amex BCE vs. Discover More vs. Chase Freedom

The Chase Freedom is the best in my opinion. The only category I utilised this year was groceries and that was a big deal for me. I use American Express for groceries only, but a lot of times I spend less than $5 so I use the Chase Freedom. Discover is winning this quarter with 5% for online purchases, but I haven't used it otherwise.

 

The Freedom is a go to card for opening bank accounts, since the other two are not capable of doing so. Since I use it for that fairly often, it is the winner. I also like that you can cashout all of your points/cash, unliek the other two that only let you do it in set increments. With that, you will most likely always have some change left over.

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Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
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Re: Amex BCE vs. Discover More vs. Chase Freedom

+1 with Chase

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bs1234
Posts: 23
Registered: ‎11-14-2012
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Re: Amex BCE vs. Discover More vs. Chase Freedom


Credit314 wrote:

+1 with Chase


Based on what?  If the OP spends lots on groceries and gas, and very little on anything else, BCE/BCP is the winner, with a different spending pattern, maybe Discover wins.   To me, for reward cards with different reward structures, as here, asking "Which is the best?" without any information on spending is very similar to asking "What is my chance of getting approved for card X" without providing scores and histories.   Responding with an answer is really saying "This is MY favorite card".


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