Reply
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Thinking about applying for an Amex revolver. Need some advice

Hopefully this is obvious, but once you get the card, there is no need to use it for "everything"   BCE is good for groceries (3%), gas and a set of department stores (2%).

Everything else is 1%.   So, when you can use Freedom for a 5% category, use that instead!  And, if you value URs at more than 1c (as many do), then use the Freedom for all 1% spending as well.

Regular Contributor
Viper786
Posts: 190
Registered: ‎04-15-2011
0

Re: Thinking about applying for an Amex revolver. Need some advice


bs6054 wrote:

Hopefully this is obvious, but once you get the card, there is no need to use it for "everything"   BCE is good for groceries (3%), gas and a set of department stores (2%).

Everything else is 1%.   So, when you can use Freedom for a 5% category, use that instead!  And, if you value URs at more than 1c (as many do), then use the Freedom for all 1% spending as well.


That's a good point, Chase Freedom is at 5% for gas stations, starbucks and drugstores. I don't go to Starbucks and rarely visit a drug store so I'll be using my Freedom exclusively for gas for the next few months. I know this should have been obvious, but I really didn't think of it this way. Thanks for the heads up!

EQ - 689 FICO - ScoreWatch (6/14) | TU - 701 FICO - Lender Pull (5/14) | EX - 708 - FICO Lender Pull (6/14)
Amazon Store Card - $4000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Capital One - $3000 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1000 | Discover It - $1500 | Macy's - $1500
Senior Contributor
youngandcreditwrthy
Posts: 6,155
Registered: ‎08-16-2012
0

Re: Thinking about applying for an Amex revolver. Need some advice

But when Q1 is up.... BCE will still do 2% on gas!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+