BoA Visa Cash Back vs AMEX BCE

[Guava]

I think what the author tried to say is: 5% bonus quarter for category A + 1% + 1% + 1% (each for the other 3 non-bonus quarter). Below is 2 examples that I came up with:

Ex1: you spend $100 dollars in each quarter ($400 a year)

                        Q1     Q2     Q3     Q4

         Spent:   100   100   100    100

Cash-back    $5      $1     $1      $1

so you get $8 dollars back on $400 spent (in 1 category), so that's 2% back

Ex2: But, if you spent more in the bonus category, say $500 in the bonus quarter, and $100 in the other 3 non-bonus quarter:

                        Q1     Q2     Q3     Q4

         Spent:   500   100   100    100

Cash-back    $25      $1     $1      $1

so you'd get $28 back on $800 spent, that's 3.5% back

I guess what I'm trying to say is if you spend more (the more the better) in the bonus quarter, in a year, you'll get approximately 3% back. That's how I understood the nerdwallet statement. Hope it makes sense

[Anonymous]

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@silver0187 wrote:

I think what the author tried to say is: 5% bonus quarter for category A + 1% + 1% + 1% (each for the other 3 non-bonus quarter). Below is 2 examples that I came up with:

Ex1: you spend $100 dollars in each quarter ($400 a year)

                        Q1     Q2     Q3     Q4

         Spent:   100   100   100    100

Cash-back    $5      $1     $1      $1

so you get $8 dollars back on $400 spent (in 1 category), so that's 2% back

Ex2: But, if you spent more in the bonus category, say $500 in the bonus quarter, and $100 in the other 3 non-bonus quarter:

                        Q1     Q2     Q3     Q4

         Spent:   500   100   100    100

Cash-back    $25      $1     $1      $1

so you'd get $28 back on $800 spent, that's 3.5% back

I guess what I'm trying to say is if you spend more (the more the better) in the bonus quarter, in a year, you'll get approximately 3% back. That's how I understood the nerdwallet statement. Hope it makes sense

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Makes sense that it varies by how much you spend..  I was thinking 5% + 3% (1% each quarter) = 8% total back over the course of the year.  8% / 4 quarters = 2% back overall.