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Change coming in BCP rewards structure

Frequent Contributor

Re: Change coming in BCP rewards structure

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 800ish Shooting for 800+
BCE 20K,ED 10K,Sky 2K, DCVR $6800, Slate 8K, Freedom 5k, Care Credit 10K, Lowes 10K, Cap1 QS $11500, Venture 15K, Paypal 5k Hidden, US Bank Edge Cash Business 20K and NFL $1500 soon to DIE.
Message 21 of 38
Blogger

Re: Change coming in BCP rewards structure


DeadSpider wrote:

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.


If everyone decides to start doing that, then yes, I would expect to see a cap in gas soon.

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)

Message 22 of 38
Frequent Contributor

Re: Change coming in BCP rewards structure


crunching_numbers wrote:

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?


I'd be interested in that as well! It seems unusual that they'd drop the 6% to 1% and not cap the BCE as well!

Message 23 of 38
Frequent Contributor

Re: Change coming in BCP rewards structure


DeadSpider wrote:

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.


Agreed! When people game the system we get caps!

Message 24 of 38
Frequent Contributor

Re: Change coming in BCP rewards structure

One of the reasons we as a family got the card because it offered unlimited 6% but no more.

$6000 at 6% is only $360 - $75AF your left with $285.

 

Any other grocery cards out there ??? I know Freedom and Discover gives you 5% sometimes but I'm looking for yearly card with or without AF but good rewards.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 800ish Shooting for 800+
BCE 20K,ED 10K,Sky 2K, DCVR $6800, Slate 8K, Freedom 5k, Care Credit 10K, Lowes 10K, Cap1 QS $11500, Venture 15K, Paypal 5k Hidden, US Bank Edge Cash Business 20K and NFL $1500 soon to DIE.
Message 25 of 38
Valued Contributor

Re: Change coming in BCP rewards structure


DeadSpider wrote:

One of the reasons we as a family got the card because it offered unlimited 6% but no more.

$6000 at 6% is only $360 - $75AF your left with $285.

 

Any other grocery cards out there ??? I know Freedom and Discover gives you 5% sometimes but I'm looking for yearly card with or without AF but good rewards.


+1

 

I ran the math too. At $9500 in grocery spending per year you are at the $285 with 3% on BCE.  If you spend more than $9500 a year on groceries, BCE would be the better deal if there is no cap.

 

This may become complicated to manage instead of easy. 5% cash back for DM and Freedom, but only during their grocery quarters, and only until maxed out.  The BCP whenever the rest are maxed, until $6000 in spending.  Then move on to the next best thing in my wallet. (Which will NOT be 1% with BCP)  I won't run grocery spending through BCP for 1%. 

 


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 26 of 38
Frequent Contributor

Re: Change coming in BCP rewards structure

If your a big family get 2 card husband and wife @ 150AF per year or $2500 in grocery to break even.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 800ish Shooting for 800+
BCE 20K,ED 10K,Sky 2K, DCVR $6800, Slate 8K, Freedom 5k, Care Credit 10K, Lowes 10K, Cap1 QS $11500, Venture 15K, Paypal 5k Hidden, US Bank Edge Cash Business 20K and NFL $1500 soon to DIE.
Message 27 of 38
Established Contributor

Re: Change coming in BCP rewards structure

I looked at some of my past statements and I spend $575-600 a  month on groceries which is around $7200 a year.  So I think with the Freedom card I will be OK.  Still though thats $72 bucks I lost Smiley Sad  I think.

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
Message 28 of 38
Established Contributor

Re: Change coming in BCP rewards structure

It seems like BCE is safe for now...


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 29 of 38
Valued Contributor

Re: Change coming in BCP rewards structure


scientifics wrote:

crunching_numbers wrote:

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?


I'd be interested in that as well! It seems unusual that they'd drop the 6% to 1% and not cap the BCE as well!


American Express swipe fees are a little more than 3% so they are still making money with the Blue Cash Everyday. Barclays offers 2% if anyone wants that.

 

Message 30 of 38