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Registered: ‎04-24-2014
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Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

[ Edited ]

awp317 wrote:

longtimelurker wrote:

awp317 wrote:

longtimelurker wrote:

Cheesepuffs wrote:

Irv1290 wrote:

I JUST GOT APPROVED FOR 12,800 cl  for the old amex blue 

 

this is what it gives to you vs the new boring every day blue cash :

 

UP TO 5% CASH BACK

at U.S. supermarkets, U.S. gas stations & select U.S. drugstores (Everyday Purchases). Up to 1% Cash Back on other purchases. For your first $6,500 in purchases in a reward year, you will earn 1% on Everyday Purchases, and 0.5% on other purchases. After your first $6,500 in purchases, you will earn 5% on Everyday Purchases up to $50,000 and 1% on other purchases. Terms and limitations apply.


I don't see the appeal over the BCE and BCP. So you get only 0.5-1.0% back until you meet the $6,500 and then you get 5% on some category spend and 1% everything else. That $6,500 is like meeting a deductible basically. Why not get the BCE or BCP and then basically it takes your two percentage brackets (the before 6,500 and after) and pretty much averages them throughout the whole year whether you hit 6,500 or not.


Don't know the OPs motivation, but this card is generally used for MS or for very heavy grocery spend (or both).  You can hit the $6.5K almost immediately, and then get 5% on those categories


what is considered an "everyday purchase"? Congrats btw. 


Everyday purchase, as in the original post, means US Supermarkets, U.S. Gas stations, and certain US Drugstores (Walgreens, CVS and Rite Aid among them so not too restrictive)


OK so im confused then why this is better than the new one? My Blue Cash Preffered gives me 6% cash back each year up to 6000 bucks, dont have to spend 6500 to get 5% back. 


You are right. BCP (Blue Cash Preffered) is better up to a certain point. BCP only earns 1% for grocery if you spend above $6000 a year in grocery; Old blue cash is somewhat the opposite - earns 1% for grocery for up to $6500 spend and then for the amount spend above $6500 in grocery, you earn 5% which caps at 50k spend a year.

 

For example, if you spend 1k a month = 12k a year in grocery...

Old Blue Cash gives you cash back $340 ( 6500*0.01+(12000-6500)*0.05 = 340 )

BCP gives you cash back $420 ( 6000*0.06+(12000-6000)*0.01 = 420 ), and when you factor in AF of 95 dollar, BCP loses

 

If you spend 1250 a month = 15k a year in grocery...

Old Blue Cash gives you cash back $490

BCP gives you cash back $450  ----  even before AF calculation, BCP clearly loses.

FICO: EX 748 (amex), EQ 791 (citi), TU 775 (discover and barclay)


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