topic A Couple Questions in Credit Cards

A Couple Questions

Calculon — Tue, 07 Apr 2015 02:04:29 GMT

I have an American Express Blue card that I'd like to get over to the Blue Cash Card to use at the local grocery store where I spend a couple thousand a year and I'd get 3% cashback. I called American Express today to see if I could flip over to the Blue Cash card, but was told I would need to apply to get it. I was wondering if this was normal? Last year Capital One let me flip over to the Quicksilver card without having to reapply.

Right now I've got five cards:

Capitial One Quicksilver

Citibank Double Cash

American Express Blue

Discover It

Chase Freedom.

I was wondering whether if there's another card I should look at for cashback purposes? Thanks for any help.

Re: A Couple Questions

Anonymous — Tue, 07 Apr 2015 02:07:27 GMT

From what I know, you can change a Blue card to a Blue Cash Preferred or Blue Sky Preferred, but not regular Blue Cash or Blue Sky.

Re: A Couple Questions

Anonymous — Tue, 07 Apr 2015 02:13:22 GMT

If your target is groceries; Sallie Mae. It's 5% cash back up to $3K per year. Also 5% on gas up to $3K per year. Also 5% on books up to $9K per year, and Amazon codes as books. And 1% on everything else.

Re: A Couple Questions

Callandra — Tue, 07 Apr 2015 02:29:26 GMT

Well Sallie Mae is only $250/month (well, statement period), may not be enough for OP but BCE could be a nice supplement. Of course, once you've had SM for 6-12 months, you could always get another one

Re: A Couple Questions

Anonymous — Tue, 07 Apr 2015 16:20:39 GMT

@Callandra wrote:
Well Sallie Mae is only $250/month (well, statement period), may not be enough for OP but BCE could be a nice supplement. Of course, once you've had SM for 6-12 months, you could always get another one

The OP stated they spend a couple thousand a year on groceries. The SM is ideal.

Re: A Couple Questions

Anonymous — Tue, 07 Apr 2015 16:25:02 GMT

@Anonymous wrote:
@Callandra wrote:
Well Sallie Mae is only $250/month (well, statement period), may not be enough for OP but BCE could be a nice supplement. Of course, once you've had SM for 6-12 months, you could always get another one
The OP stated they spend a couple thousand a year on groceries. The SM is ideal.

Why not get the BCP instead of the BCE. Yes, there is an AF, but spending $1250 a year on groceries and you've made up for the AF (6% back). That's only 104/month on groceries. I guess it depends on OPs spending. I look at me personally. We spend 320/month on groceries (which I feel is very hard to keep that low) and we get more back from BCP then the SM. But if it is only 1-2k then yea SM is where it's at.

Re: A Couple Questions

Calculon — Tue, 07 Apr 2015 18:53:49 GMT

Thanks all for the replies. That Sally Mae does seem like a good fit for because $250 is probably a bit more than a spend there and it would be more cashback.

What's everyone's opinion on closing a card? If I did get the Sally Mae, I'd have little need for the American Express and have not been using it much lately. Hard to believe a few years ago, I was happy with one card, but now have five.