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Established Member
Posts: 23
Registered: ‎08-21-2008
0

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

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. 

Super Contributor
Posts: 5,993
Registered: ‎05-23-2009
0

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

Wow!!!!! I didn't know it can't be done.  I wonder how may people call to convert the card today.

 

 

Ron.

Super Contributor
Posts: 5,993
Registered: ‎05-23-2009
0

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

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.

Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
0

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

$75 AF.  I'm still not convinced. 

Super Contributor
Posts: 5,993
Registered: ‎05-23-2009
0

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

Here is another thread from fatwallet:

 

 

http://www.fatwallet.com/forums/finance/1092772/?start=0

 

 

Ron.

Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

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

 


DI wrote:

$75 AF.  I'm still not convinced. 


What's the down side if you get $100 cash back?

 

Super Contributor
Posts: 5,993
Registered: ‎05-23-2009
0

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

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.

Contributor
Posts: 95
Registered: ‎05-10-2008
0

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

I'd jump on this if there were no PC restrictions. 

Super Contributor
Posts: 5,744
Registered: ‎01-28-2008
0

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

 


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?

 

Senior Contributor
Posts: 4,694
Registered: ‎02-23-2011
0

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

 


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.

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