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Amex Blue Cash Preferred or Amex Costco True Earnings

Member

Amex Blue Cash Preferred or Amex Costco True Earnings

Hello all,

 

I was hoping to get some of you opions. I recently got married and am looking for a good card to get cash back on groceries because I have noticed each trip to the grocery store cost over $200 so mine as well earn some cash back with that!

 

I have my eyes on two cards: The Costco True Earnings or Amex Blue Cash Preferred.

 

I like the 6% cash back at grocery stores on the blue cash preferred and also like the 3% cash back at Costco!

 

So I am really torn between the 2 cards!

 

Any opinions!

 

Thanks

Message 1 of 9
8 REPLIES
Moderator Emerita

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

It will really depends on how much shopping you do at Costco.

Edit: typo
Message 2 of 9
Established Contributor

Re: Amex Blue Cash Preferred or Amex Costco True Earnings


timmis wrote:

Hello all,

 

I was hoping to get some of you opions. I recently got married and am looking for a good card to get cash back on groceries because I have noticed each trip to the grocery store cost over $200 so mine as well earn some cash back with that!

 

I have my eyes on two cards: The Costco True Earnings or Amex Blue Cash Preferred.

 

I like the 6% cash back at grocery stores on the blue cash preferred and also like the 3% cash back at Costco!

 

So I am really torn between the 2 cards!

 

Any opinions!

 

Thanks


With the Costco TE card, you're only getting 3% on gas purchases at Costco (as well as other gas stations).  In-store purchases at Costco still only give you 1%, which is the same as the BCP.  So if you're spending $200 per trip to the grocery store (not Costco, Wallys or Target, as you only get the base 1% at those stores), the BCP is the way to go.

FICOs: TU08 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Message 3 of 9
Valued Contributor

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

Which grocery stores do you do the most shopping?

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 4 of 9
Valued Member

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

We mostly shop at Kroger or Meijers. We sometimes shop at Costco but when we do its for meats and toiletry items. 

Message 5 of 9
Valued Contributor

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

Sounds like BCP might best fit your spending as far as rewards go.

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 6 of 9
Moderator Emerita

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

Message 7 of 9
Frequent Contributor

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

I agree with everyone's suggestion on the BCP; however, since they are both cash back cards, would you mind having both? The annual fee is non-existent on the TE because I assume you will keep your membership even if you we're to get the BCP. Then, with the BCP the annual fee is taken care of with the sign up bonus originally and then the grocery store 6% after that (assuming you spend more than $1,300 outside of Costco on groceries per year).

Also, something to note, Meijer is a hit or miss with Amex. For some, it is considered a grocery store and others not. It has come up as a grocery store on mine; however some at FlyerTalk have found otherwise. Not sure if it is because of a gas station attached or not??!
Message 8 of 9
Highlighted
Established Contributor

Re: Amex Blue Cash Preferred or Amex Costco True Earnings

I have the Costco and the BCE...if nothing else having both with their 3X CLI seems worth it...and Costco is like SAMs Club for snobs...(although I have a Sam's Discover, and a BJ's membership. Addicted to club shopping without all the cookouts and such that I have)


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 9 of 9