Frequent Contributor
Posts: 278
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.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 780ish Shooting for 800+
Blogger
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.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Frequent Contributor
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
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!

Frequent Contributor
Posts: 278
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.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 780ish Shooting for 800+
Valued Contributor
Posts: 1,103
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%. 

 


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 821 EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (17.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (10.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Frequent Contributor
Posts: 278
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.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 780ish Shooting for 800+
Established Contributor
Posts: 792
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 Smiley Sad  I think.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Established Contributor
Posts: 910
Registered: ‎12-25-2010
Re: Change coming in BCP rewards structure

It seems like BCE is safe for now...


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Valued Contributor
Posts: 1,997
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.