No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Just for reference, when I called the CSR I talked to said it you can change any revolving amex card to the new blue cash cards. I was able to switch my costco card to the preferred blue cash, and he said I would qualify for the $100 bonus.
Wow!!!!! I didn't know it can't be done. I wonder how may people call to convert the card today.
Ron.
Here is the review of the new Blue Cash on Nerdwallet:
link:
http://www.nerdwallet.com/blog/2011/amex-unveils-rewards-cards-blue-cash-everyday-preferred/
Ron.
$75 AF. I'm still not convinced.
Here is another thread from fatwallet:
http://www.fatwallet.com/forums/finance/1092772/?start=0
Ron.
I didn't see any wrong with it except $75 AF with the Preferred Card. That's why I went for Everyday Card because I don't spent enough to offset the annual fee.
Ron.
I'd jump on this if there were no PC restrictions.
@Open123 wrote:
@DI wrote:$75 AF. I'm still not convinced.
What's the down side if you get $100 cash back?
That's only a one time $100 cash back. The AF is paid every year the card is opened. But now you got me thinking. Will I get the cash back immediately? When will they charge the AF? Will I be able to PC the card back to a regular Blue. before the AF?
@DI wrote:
@Open123 wrote:
@DI wrote:$75 AF. I'm still not convinced.
What's the down side if you get $100 cash back?
That's only a one time $100 cash back. The AF is paid every year the card is opened. But now you got me thinking. Will I get the cash back immediately? When will they charge the AF? Will I be able to PC the card back to a regular Blue. before the AF?
My understanding is this. The fee is charged on the first statement. You spend $500 in 60 days, and receive $100 cash back. Use the card for a year for the higher rewards. If it doesn't justify the fee, downgrade to the everyday one for no fee.
I'd most likely downgrade since I don't spend enough on groceries to offset the $75. With the promo, it's nice to have 6% on what little groceries I do buy, not to mention the 3% on dept stores and gas.