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Those 2 cards are very similar. Anyone can share with me about your opinion on pros and cons of each card?
@Anonymous wrote:Those 2 cards are very similar. Anyone can share with me about your opinion on pros and cons of each card?
The Everyday earns better rewards, because they can be transferred to airline frequent flier programmes. If you never fly, BCE earns cash.
@Anonymous wrote:Those 2 cards are very similar. Anyone can share with me about your opinion on pros and cons of each card?
The very basic question is whether you want cash back, or travel rewards via MR points.
If you want cash back, don't get the BCE anyway, as the Sallie Mae is better at every spend point. If you want an Amex, either just to have or to use, the Everyday is a reasonable choice. If you value MRs at around 2c each, with 20 purchases a month, the card is earning ~ 2.4% on uncategorized spend, and 4.8 on the first $6K of groceries. So even though Everyday doesn't cover gas like the BCE, the 2.4% is still better than 2% offererd by BCE, and there are many better gas cards, including the Sallie Mae for up to $250 a month.
Now if you don't travel, think you won't etc, but want an Amex, get the Sallie Mae for the rewards and the Everyday for the Amex. Basically, the Everyday has potential, you may one day use if for travel rewards, BCE has no such potential.
Yes, I am strongly against the BCE!
@longtimelurker wrote:
@Anonymous wrote:Those 2 cards are very similar. Anyone can share with me about your opinion on pros and cons of each card?
The very basic question is whether you want cash back, or travel rewards via MR points.
If you want cash back, don't get the BCE anyway, as the Sallie Mae is better at every spend point. If you want an Amex, either just to have or to use, the Everyday is a reasonable choice. If you value MRs at around 2c each, with 20 purchases a month, the card is earning ~ 2.4% on uncategorized spend, and 4.8 on the first $6K of groceries. So even though Everyday doesn't cover gas like the BCE, the 2.4% is still better than 2% offererd by BCE, and there are many better gas cards, including the Sallie Mae for up to $250 a month.
Now if you don't travel, think you won't etc, but want an Amex, get the Sallie Mae for the rewards and the Everyday for the Amex. Basically, the Everyday has potential, you may one day use if for travel rewards, BCE has no such potential.
Yes, I am strongly against the BCE!
Another major plus for everyday is its only no AF card out there that can transfer Mr to airline partners.
Other than the name, these cards are not similar at all.