Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012
Re: Change coming in BCP rewards structure

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
Re: Change coming in BCP rewards structure

DeadSpider wrote:

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.


If everyone decides to start doing that, then yes, I would expect to see a cap in gas soon.

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Frequent Contributor
scientifics
Posts: 411
Registered: ‎05-01-2010
Re: Change coming in BCP rewards structure

crunching_numbers wrote:

Dropping to 1% is severe. They should at least only drop to 3% like the BCE. Seems more fair.  Are they also capping the BCE?


I'd be interested in that as well! It seems unusual that they'd drop the 6% to 1% and not cap the BCE as well!

Frequent Contributor
scientifics
Posts: 411
Registered: ‎05-01-2010
Re: Change coming in BCP rewards structure

DeadSpider wrote:

Doesn't gas stations sell grocery store gift cards ??? At 3% woot woot.

 

Next thing we know CAP on GAS LOL.


Agreed! When people game the system we get caps!

Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012
Re: Change coming in BCP rewards structure

One of the reasons we as a family got the card because it offered unlimited 6% but no more.

$6000 at 6% is only $360 - $75AF your left with $285.

 

Any other grocery cards out there ??? I know Freedom and Discover gives you 5% sometimes but I'm looking for yearly card with or without AF but good rewards.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

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Valued Contributor
crunching_numbers
Posts: 1,093
Registered: ‎02-15-2012
Re: Change coming in BCP rewards structure

DeadSpider wrote:

One of the reasons we as a family got the card because it offered unlimited 6% but no more.

$6000 at 6% is only $360 - $75AF your left with $285.

 

Any other grocery cards out there ??? I know Freedom and Discover gives you 5% sometimes but I'm looking for yearly card with or without AF but good rewards.


+1

 

I ran the math too. At $9500 in grocery spending per year you are at the $285 with 3% on BCE.  If you spend more than $9500 a year on groceries, BCE would be the better deal if there is no cap.

 

This may become complicated to manage instead of easy. 5% cash back for DM and Freedom, but only during their grocery quarters, and only until maxed out.  The BCP whenever the rest are maxed, until $6000 in spending.  Then move on to the next best thing in my wallet. (Which will NOT be 1% with BCP)  I won't run grocery spending through BCP for 1%. 

 


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Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012
Re: Change coming in BCP rewards structure

If your a big family get 2 card husband and wife @ 150AF per year or $2500 in grocery to break even.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

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Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
Re: Change coming in BCP rewards structure

I looked at some of my past statements and I spend $575-600 a  month on groceries which is around $7200 a year.  So I think with the Freedom card I will be OK.  Still though thats $72 bucks I lost :smileysad:  I think.

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Established Contributor
JonStur
Posts: 902
Registered: ‎12-25-2010
Re: Change coming in BCP rewards structure

It seems like BCE is safe for now...


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Valued Contributor
navigatethis12
Posts: 1,881
Registered: ‎01-24-2012
Re: Change coming in BCP rewards structure

scientifics wrote:

crunching_numbers wrote:

Dropping to 1% is severe. They should at least only drop to 3% like the BCE. Seems more fair.  Are they also capping the BCE?


I'd be interested in that as well! It seems unusual that they'd drop the 6% to 1% and not cap the BCE as well!


American Express swipe fees are a little more than 3% so they are still making money with the Blue Cash Everyday. Barclays offers 2% if anyone wants that.