BCP - cash back (normal spending in 10 months)

[longtimelurker]

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@drkaje wrote:

Love the BCP!

Cash back from Chase Freedom is easily redeemed but it doesn't grow like Amex.

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Sorry, I don't buy into the love for the BCP!  (It used to be great though!).   Freedom maxes out at $300 a year in the > 1%, but these are UR so with another card become more valuable, and anyway has no fee.   BCP groceries max out at $360 per year, with a $75 fee, and no transfer to airlines/hotels.  So yes, if you buy a lot of gas, it can add up, but if you buy a lot of gas there are better cards, such as Penfed Cash Rewards (now with caveats), Fort Knox, and for smaller amounts, Sallie Mae.

Not to knock it, I have it for the extra bit it provides on groceries, but it is not exactly a huge cash generator

[drkaje]

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@longtimelurker wrote:

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@drkaje wrote:

Love the BCP!

Cash back from Chase Freedom is easily redeemed but it doesn't grow like Amex.

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Sorry, I don't buy into the love for the BCP!  (It used to be great though!).   Freedom maxes out at $300 a year in the > 1%, but these are UR so with another card become more valuable, and anyway has no fee.   BCP groceries max out at $360 per year, with a $75 fee, and no transfer to airlines/hotels.  So yes, if you buy a lot of gas, it can add up, but if you buy a lot of gas there are better cards, such as Penfed Cash Rewards (now with caveats), Fort Knox, and for smaller amounts, Sallie Mae.

Not to knock it, I have it for the extra bit it provides on groceries, but it is not exactly a huge cash generator

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Things like CS, backdating, and CLIs will pretty much always have other companies trying to play catch-up with Amex. The AF pretty much pays for itself, no rotating catagores, no signing up for available offers.

Amex is offering $5 cash back with $30 purchase at Exxon or $5 cash back with $40 from Chevron on top of the 3%.

PenFed has good products and they did get some HPs from me a few years ago. I actually made a resolution that they weren't getting another HP (2+ years ago) and stuck with it, LOL!

[longtimelurker]

OK, maybe I misunderstood your "Cash back from Chase Freedom is easily redeemed but it doesn't grow like Amex."   I don't think the CASH grows particularly well, but for some the CL does.   The special $5 offers are nice (I have done 4 BP in the last two weeks) but again that isn't large amounts of money.

[drkaje]

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@longtimelurker wrote:

OK, maybe I misunderstood your "Cash back from Chase Freedom is easily redeemed but it doesn't grow like Amex."   I don't think the CASH grows particularly well, but for some the CL does.   The special $5 offers are nice (I have done 4 BP in the last two weeks) but again that isn't large amounts of money.

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Chase is fond of needing an HP for CLI.

Jake isn't really a fan of that policy, LOL!

[Duncanrr]

Chase gave me a Freedom with 1.5k CL
Amex 8.4k Initial CL on BCP

[longtimelurker]

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@Duncanrr wrote:
Chase gave me a Freedom with 1.5k CL
Amex 8.4k Initial CL on BCP

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And of course there are plenty of people the other way round (and then people say "Don't worry, the Amex will grow quickly")

[cyclesport45]

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@longtimelurker wrote:

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@cyclesport45 wrote:

I just got the BCP.  I know what I spend on groceries, and gas, and I'm guessing I'll get back over $500 per year.  It was the card I'd been wanting for my everyday purchases.  I give it two thumbs up!

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The problem is that  groceries is capped at $360 a year cash back

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Yes, and I only plan on getting about $300 from groceries.  But then there's gas, department store (my wife's Macys addiction), and random 1% charges.  Hence, no problem here.