Reply
Frequent Contributor
Posts: 265
Registered: ‎01-10-2011
0

Change coming in BCP rewards structure

Just got notified in my October statement that Amex is changing the rewards structure on grocery store purchases for the Blue Cash Preferred. Will continue to accrue 6% through the first $6000 of yearly grocery store purchases and after that it will be 1%. Change is effective January 15, 2013

Frequent Contributor
Posts: 479
Registered: ‎12-18-2011
0

Re: Change coming in BCP rewards structure


jason86423 wrote:

Just got notified in my October statement that Amex is changing the rewards structure on grocery store purchases for the Blue Cash Preferred. Will continue to accrue 6% through the first $6000 of yearly grocery store purchases and after that it will be 1%. Change is effective January 15, 2013


Thx 4 the heads up, i guess after that date I shall be Canceling my card!:smileymad:

CC Portfolio: Citi Double Cash $32,200, Discover IT $10,000
FICO (EQ,EX & TU): 800+

"having a credit card is nice, but having cash in hand will always be king"
Valued Contributor
Posts: 1,540
Registered: ‎01-29-2008
0

Re: Change coming in BCP rewards structure

Seems funny how Amex now is making sudden changes cutting back on this card rewards structure,  I wonder if behind the curtains it has anything to due with this company being SUED for millions of dollars well we wil see if any other changes occurs on other cards...


Starting Score: EQ 546 TU 566
Current Score: EQ 693TU 08 729 EX 08 738Need to Garden/New Accounts
Goal Score: 800
Valued Member
Posts: 140
Registered: ‎09-26-2012
0

Re: Change coming in BCP rewards structure

6,000? I got no problem with that.. we're talking 500/month grocery bill for one dude, just me? Definitely not... However, This is definitely not something I will ignore as even though for me it's not a big deal for the family it sure as hell is... Something to watch!!!

Regular Contributor
Posts: 244
Registered: ‎07-29-2012
0

Re: Change coming in BCP rewards structure

Well this just sux @$$ as I spend about $1000 on food a month grrrrr.

I havn't gotten my Oct statement yet so i can see the print myself.

 

I guess I'll be using my Discover and freedom on grocery months...

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

Starting Score: 0
Current Score: 742
Goal Score: 800


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 411
Registered: ‎05-01-2010
0

Re: Change coming in BCP rewards structure

I agree this is unfortunate, but it's probably because too many people were taking advantage of the 6% and buying excessive amounts of gift cards at 6% off!

Blogger
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Change coming in BCP rewards structure

Ouch, that's a hard one to bite for families.

 

My advice... hopefully BCP card users have either a Freedom or a Discover card.

Use your BCP in non-grocery 5% months. Use Freedom/Discover/Other in months that they have 5%.

It's not 6% all year, but definitely helps soften the blow.

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)

Established Contributor
Posts: 792
Registered: ‎08-30-2011
0

Re: Change coming in BCP rewards structure

This is not what I wanted to wake up to!  I have a family of 4 so I definitely go over 6000 a year. 

 

That is a great idea about using freedom for that quarter. That's if Chase keeps the same categories.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
New Contributor
Posts: 51
Registered: ‎08-14-2012
0

Re: Change coming in BCP rewards structure

Wow, I had no idea families ate so much.  I only buy groceries for myself, and I probably spend $100/month.  But I do tend to eat like an 8yo.

 

For those of you who find this a limiting factor, look at the US Bank Cash+ card.  You can choose groceries as one of your 5% CB categories every quarter, and if you redeem your CB in chunks of $100, you get $25 back, making it effectively 6.25%.

Established Contributor
Posts: 567
Registered: ‎09-10-2012
0

Re: Change coming in BCP rewards structure

I guess it depends on yourself. I ate like two 20 year olds. Which fits, for I am a little over 40. :smileyvery-happy:

 

And I have around 250/months. So you do the maths.

 

But, I love good food and I am willing to pay for it.


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (24,800) | Discover IT (12,700) | Chase Freedom (6,300) | Walmart (4,500) | CapOne (4.000) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 758 (10/12) EQ 724 (10/22) EX 748 (12/5)

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.