topic Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!! in Credit Cards

the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 03:15:47 GMT

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.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 03:37:31 GMT

Nice.. congrats.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 03:42:31 GMT

@Anonymous 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.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 04:26:14 GMT

@Anonymous wrote:
@Anonymous 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

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

awp317 — Sun, 25 Dec 2016 05:35:29 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous 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.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 05:42:43 GMT

Yes. Its been showing up under their regular page. No need to google or click links to find it. It its a good card for big spenders, but really the most you're going to get back is 4.6% and thats assuming you spend tover 4k a month on the card. I suggest reading themanwhocan's charts for comparisons

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 06:21:58 GMT

@Anonymous wrote:
Yes. Its been showing up under their regular page. No need to google or click links to find it. It its a good card for big spenders, but really the most you're going to get back is 4.6% and thats assuming you spend tover 4k a month on the card. I suggest reading themanwhocan's charts for comparisons

The 4.6 in the chartsis based on the assumption that you spend all $56.5K in the 5% categories. If you use it other ways, you can still get 5% on say $50K of groceries, you would just get a little less on the first $6.5K than you would using another card, and exacly how much less depends on what other card you have.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

Anonymous — Sun, 25 Dec 2016 06:23:26 GMT

@awp317 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous 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)

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

csryang — Sun, 25 Dec 2016 08:21:51 GMT

@Anonymous wrote:
@Anonymous wrote:
Yes. Its been showing up under their regular page. No need to google or click links to find it. It its a good card for big spenders, but really the most you're going to get back is 4.6% and thats assuming you spend tover 4k a month on the card. I suggest reading themanwhocan's charts for comparisons
The 4.6 in the chartsis based on the assumption that you spend all $56.5K in the 5% categories. If you use it other ways, you can still get 5% on say $50K of groceries, you would just get a little less on the first $6.5K than you would using another card, and exacly how much less depends on what other card you have.

I am not sure how 4.6% got calculated. The actual "cash back %" is lower - I think it's around 3.3% cash back if you factor in MS fees.

Regardless it's 4.6% or 3.3%, I think it should not be ignored that the actual cash back amount is a decent amount for huge spenders.

Despite not reaching full 5%, you actually get over $1500 cash back a year if you fully utilize and MS on Blue Cash card.

Real grocery spend in a typical household is way less than 50k a year - maybe like 15k/year at the most. In most situations, a BCP or a 3% cash back card at grocery without annual fee (BCE, Bank of the west... etc) will earn the most cash back.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

awp317 — Sun, 25 Dec 2016 08:25:32 GMT

@Anonymous wrote:
@awp317 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous 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.

Re: the OLD Amex BLUE CASH is still ALIVE !!!!!!!!!

csryang — Sun, 25 Dec 2016 08:49:19 GMT

@awp317 wrote:
@Anonymous wrote:
@awp317 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous 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.