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Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011

Re: Change coming in BCP rewards structure

I have the cash+ and grocery is not a 5% category. Best bet is like someone else said use the freedom card when grocery is a category.
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
Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012

Re: Change coming in BCP rewards structure

If Discover and Freedom have same month grocery I'm just going to buy max amount off giftcards.

 

Somebody need to redo the math on if it's worth to have TWO BCP per household ???

 

I wonder if everybody called Amex and B!tched they might change to old policy.

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

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New Contributor
CreviceTool
Posts: 51
Registered: ‎08-14-2012

Re: Change coming in BCP rewards structure


flowfaster wrote:
I have the cash+ and grocery is not a 5% category.

Hmmm, ok, I must be mistaken.  I've not chosen it as a category since I also have BCP, but I thought I remember it being a choice.  I guess it was one of the 2% category choices then?

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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: Change coming in BCP rewards structure


DeadSpider wrote:

I wonder if everybody called Amex and B!tched they might change to old policy.


It's AMEX.

I doubt they'd care.

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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
flowfaster
Posts: 787
Registered: ‎08-30-2011

Re: Change coming in BCP rewards structure


CreviceTool wrote:

flowfaster wrote:
I have the cash+ and grocery is not a 5% category.

Hmmm, ok, I must be mistaken.  I've not chosen it as a category since I also have BCP, but I thought I remember it being a choice.  I guess it was one of the 2% category choices then?



Correct, It is a 2% category.  Gas, grocery and drug are the 2% picks.

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
Valued Contributor
crunching_numbers
Posts: 1,093
Registered: ‎02-15-2012

Re: Change coming in BCP rewards structure

I am currently doing a refi on the house, so no new apps for anyone, but if they do this I guess DH will be apping for his own BCP, and we will double the amount for groceries.  I think this is crazy, because I will stop running groceries through the card as soon as I hit the cap, and use a card that gives me more back.  The do realize that going to 1% will cause a big group of us to use other cards entirely, don't they?

 

I have a family of 5, plus additional teenagers eating over frequently. My bill is WAY over $500 a month on groceries.


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (20.7K), BofA Travel Rewards ($17.5), B&N World MC ($17.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (15K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig ($8.6K), Disc It ($8K), Citi Dia Pref MC ($3.7K),Sam's D ($8.5K), Wally D ($7.5K), JCP($5.3K)
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: Change coming in BCP rewards structure

They probably do realize that, but probably also realize that it's worth doing that and they'd lose far less in cashback than they are making in retail fees because of it.

 

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)

Valued Contributor
crunching_numbers
Posts: 1,093
Registered: ‎02-15-2012

Re: Change coming in BCP rewards structure

Dropping to 1% is severe. They should at least only drop to 3% like the BCE. Seems more fair.  Are they also capping the BCE?


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: 748 TU(12/12), 783 TU98 , 813 TU08 FICO, 744 EQ FICO , 735 EX(9/12), 794 EX08 FICO, 809 EX08 bankcard FICO
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (20.7K), BofA Travel Rewards ($17.5), B&N World MC ($17.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (15K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig ($8.6K), Disc It ($8K), Citi Dia Pref MC ($3.7K),Sam's D ($8.5K), Wally D ($7.5K), JCP($5.3K)
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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: Change coming in BCP rewards structure

If they are, I haven't gotten a notice yet.

I'm surprised they'd cap the one with the annual fee, though and not the free one.

Maybe more changes are a-comin'.

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)

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

Re: Change coming in BCP rewards structure

If BCE has not cap than I'll app for BCE and use that after hitting my CAP on BCPAU.

At 1% my Cap1 gives better rewards or just about any card.

 

Anybody has a link or letter of OFFICIAL terms we can read from Amex ?

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

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