Credit Cards Center Credit cards from our partners
Reply
Senior Contributor
Posts: 4,698
Registered: ‎02-23-2011
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

 


Walt_K wrote:

Ron1 wrote:

I think it is better than 2X membership points for supermarkets and gas purchases for  Premier Rewards Gold. I want to cancel my PR Gold but I can't. I can't get refund for my annual membership fee.

 

 

Ron.


That depends a little on how you value MR points.  If you typically redeem them for gift cards, then you are right, it is better to get the 3% with the Everyday card and way better to get the 6% with the Preferred card than it is to get 2x MR points.  But if you redeem your MR points for travel, it is a little bit more difficult to compare.  MR points are conservatively worth at least 2 cents per point.  At that value, you are better off with the PR Gold card than you are with the Everyday Cash card (although you'd need to account for difference in AF given your spend), but the Preferred Cash card would give you the best value. 

 

However, transfer bonuses can stretch your MR points, and if you redeem for last minute fares or premium international fares, you can get a higher value for your points.  It becomes difficult to compare here.  You might redeem ~70K MR points for transfer to BA to get 100K miles (with recent 40% transfer) and book a business or first class ticket that costs $6K or more.  You'd have to account for the fees you'd pay on the ticket and the miles you wouldn't earn by using an award ticket, but you're getting a pretty high dollar per point value on that redemption.  But if you'd never actually spend $6K on the ticket, it's not a true representation of the the value, you have to discount it somewhat against what you would have actually spent on the flight or give it some soft value based on how much you enjoy intercontinental business class service. 

 


 

Yeah, also for the PR Gold you have triple airfare along with 15k bonus at $30k spending.  Also, some items are availabe at the bonusmall site for 5X the points. 

 

Good point on the conversion.  Once in a while, you can find some milage specials where the MR points are quite valuable.  However, when it comes to groceries/gas/dept stores per se, this card is unbeatable, especially since it's cash.

Senior Contributor
Posts: 4,698
Registered: ‎02-23-2011
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

 


haulingthescoreup wrote:

By the way, I missed it first time through, but that 3% on department stores is pretty great, too.

 

So I've got another fee card, even though I generally won't touch them, but with my grocery shopping patterns, I'll still come out way ahead.

 

6% at groceries with this card, 5% gas with PenFed Visa, 5% on airfare with PenFed AmEx, 5% on hotels and restaurants through Augsut with PenFed AE, 3% on all restaurants with Costco, 3% in Costco with an Executive Membership (I think; I'm still confused), 3% in all department stores with Blue Cash Preferred, whatever's going on with BofA and Chase Freedom this quarter, and a 0% BT from Navy.

 

Put a fork in me; I'm done.

 

I * puffy heart * rewards cards!!! Take that, Dave Ramsey. Smiley Wink


Pretty surgical there!  Wow, you're basically getting 5% rebate on every dollar you spend!

 

Super Contributor
Posts: 6,979
Registered: ‎05-23-2009
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

I think it is better than Chase Freedom Plus and 3% cash back for groceries, utilities. I have to pay $30 annual fee for that.  BofA Accelerated Cash Amex offered me  5% cash back for restaurant, groceries  and gas purchases. It's only good thru June 30.

 

 

Ron.

Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

[ Edited ]

 


Open123 wrote:

haulingthescoreup wrote:

By the way, I missed it first time through, but that 3% on department stores is pretty great, too.

 

So I've got another fee card, even though I generally won't touch them, but with my grocery shopping patterns, I'll still come out way ahead.

 

6% at groceries with this card, 5% gas with PenFed Visa, 5% on airfare with PenFed AmEx, 5% on hotels and restaurants through Augsut with PenFed AE, 3% on all restaurants with Costco, 3% in Costco with an Executive Membership (I think; I'm still confused), 3% in all department stores with Blue Cash Preferred, whatever's going on with BofA and Chase Freedom this quarter, and a 0% BT from Navy.

 

Put a fork in me; I'm done.

 

I * puffy heart * rewards cards!!! Take that, Dave Ramsey. Smiley Wink


Pretty surgical there!  Wow, you're basically getting 5% rebate on every dollar you spend!

 


 

Well, I'm trying, anyway. Smiley Very Happy

 

Others do really well with points cards, but somehow, they just don't seem to click with my brain. Whereas cash, now that I get.

 

Which reminds me, for those upgrading from an existing Blue, if you have points, you're supposed to have 30 days after converting to use them for something. I went ahead and used up 7300 of my whopping 7369 points, and it only took me an hour and a half to find something. Le Crueset Cresuet Crueset Creuset casserole dishes on their way. Smiley Tongue

 

 

edited for spelling, after 5+ years of French, dang it

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
Posts: 6,979
Registered: ‎05-23-2009
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

I don't have redeem all of my Blue rewards points within 30 days. and the membership rewards points is tied to my Premier Rewards Gold Card like my Zync. I think it is still good as long as I keep my PR Gold Card open.

 

 

Ron.

Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

 


Ron1 wrote:

I don't have redeem all of my Blue rewards points within 30 days. and the membership rewards points is tied to my Premier Rewards Gold Card like my Zync. I think it is still good as long as I keep my PR Gold Card open.

 

Ron.


Oh, that's right. If you can tie your points to a charge card, you keep them. I'd forgotten about that!

 

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
New Member
Posts: 4
Registered: ‎12-04-2010
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

does anyone what credit reports Amex pulls when they check you for eligibility?


Starting Score: TU:745(4/19/2011) EX:720(4/21/2011) EQ:708(8/21/2011)
Current Score: TU:728(3/5/2012) EX:682(3/12/2011) EQ:703(3/20/2012)
Goal Score: 800 on all 3 CS


Take the FICO Fitness Challenge
Super Contributor
Posts: 6,979
Registered: ‎05-23-2009
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

I'm not sure they pull any soft to check your eligibility of the card. They usually pull EXP when you apply for the card.

 

 

Ron.

Super Contributor
Posts: 6,979
Registered: ‎05-23-2009
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

I just called to make sure they already converted my card and they did.  It doesn't show up online immediately. It will show up until tomorrow morning.

 

 

Ron.

Super Contributor
Posts: 6,979
Registered: ‎05-23-2009
0

Re: Two New Blue Cash American Express Cards!!!!!!!!!!!

No, Lowe's is not department stores and it is home improvement stores like Home Depot. So it doesn't count.  Kohls, Neiman Marcus, Macy's, Saks Fifth Avenue and Dillards are department stores.

 

 

Ron.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.