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Rewards Calculation for Amex?

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Creditaddict
Legendary Contributor

Rewards Calculation for Amex?

I thought you could type in spending and it would pick the best Amex for you?

Need to prove the $75 AF on Blue Preferred would be WAY worth it!!

Message 1 of 3
2 REPLIES 2
LS2982
Mega Contributor

Re: Rewards Calculation for Amex?


@Creditaddict wrote:

I thought you could type in spending and it would pick the best Amex for you?

Need to prove the $75 AF on Blue Preferred would be WAY worth it!!


I always get confused on this, is the BCP 6% groc. / 3% gas??

 

If so you can have that AF paid for very quickly, probably 2-3 months and then start gaining profit off if it!




EQ FICO 548 3/3/16
Message 2 of 3
Anonymous
Not applicable

Re: Rewards Calculation for Amex?

Just on groceries, the break even point is just about $50 per week.  More than that, preferred will net more cash, less than that and the everyday is a better choice.  Of course, gas and department store purchases factor in too, but with only 1% more they aren't as significant.  It would take $150 per week in those two combined to break even, not including groceries.  To make it easy, you can multiply whatever you spend weekly on groceries by 3 and count it toward the $150, then add in gas/department stores.

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