topic Re: New Card: The Bread Rewards™ American Express® Credit Card in Credit Cards

New Card: The Bread Rewards™ American Express® Credit Card

jason1866 — Thu, 27 Jul 2023 21:09:22 GMT

https://www.breadfinancial.com/en/bread-rewards-credit-card.html

New card by Bread Financial/Comenity

3% on Grocery, Dining, Gas and Utilities is decent

Not sure when it will be open to applications and if there will be a SUB

It could be a good combination using it with it's Bread 2% flat cash back card

Re: New Card: The Bread Rewards™ American Express® Credit Card

AlanGJP — Fri, 28 Jul 2023 07:47:38 GMT

Interesting card.

I need a card with something back on utilities...

must... resist...

Re: New Card: The Bread Rewards™ American Express® Credit Card

UncleB — Fri, 28 Jul 2023 15:29:41 GMT

@jason1866 wrote:
https://www.breadfinancial.com/en/bread-rewards-credit-card.html

New card by Bread Financial/Comenity
3% on Grocery, Dining, Gas and Utilities is decent
Not sure when it will be open to applications and if there will be a SUB
It could be a good combination using it with it's Bread 2% flat cash back card

It also has a 25% boost on rewards any month there are 20 transactions, which makes this even more interesting. 🤔

I have everything well-covered at the moment (and I've been much too adventurous this year for Comenity) so I'll be sitting on my hands, but for the right person this could be a great addition!

Re: New Card: The Bread Rewards™ American Express® Credit Card

Lou-natic — Fri, 28 Jul 2023 16:47:43 GMT

What would be really nice is if they let you pool the points with their Bread Cashback card but I doubt that will happen.

@AlanGJP wrote:

Interesting card.

I need a card with something back on utilities...

must... resist...

Have you heard about the US Bank Cash+ card with 5% back on utilities category? There is a $2,000 per quarter cap for the 5% categories though.

Re: New Card: The Bread Rewards™ American Express® Credit Card

Anonymous — Sun, 30 Jul 2023 13:48:51 GMT

@jason1866 wrote:
https://www.breadfinancial.com/en/bread-rewards-credit-card.html

New card by Bread Financial/Comenity
3% on Grocery, Dining, Gas and Utilities is decent
Not sure when it will be open to applications and if there will be a SUB
It could be a good combination using it with it's Bread 2% flat cash back card

Amex Everyday does the exact same thing, only with points

Re: New Card: The Bread Rewards™ American Express® Credit Card

Lou-natic — Sun, 30 Jul 2023 16:14:46 GMT

@Anonymous wrote:
Amex Everyday does the exact same thing, only with points

AMEX Everyday Preferred is only 3% on groceries with a $6,000 per year cap. Otherwise it's 2% for gas and 1% for everything else. And the AF free AMEX Everyday is even worse. Now granted if you use the card 30 times per month you get a little 50% extra points bonus. But 3% on $6,000 per year grocery spend is only $180 and they are charging you a $95 AF for that.

To put that into perspective I have 2 cards with no AF and $500 per month/$6,000 yearly caps that give me 5% cashback with no other hoops or gotchas involved.

If you apply for them just to get those bonus MRs I get it otherwise I'm not so sure. I think this new Bread card is more than competitive with the AMEX offering all things considered.

Re: New Card: The Bread Rewards™ American Express® Credit Card

Anonymalous — Sun, 30 Jul 2023 17:49:13 GMT

@jason1866 wrote:
https://www.breadfinancial.com/en/bread-rewards-credit-card.html

New card by Bread Financial/Comenity
3% on Grocery, Dining, Gas and Utilities is decent
Not sure when it will be open to applications and if there will be a SUB
It could be a good combination using it with it's Bread 2% flat cash back card

I think that's a lot better than decent. Two years ago, the NFCU More Reward with uncapped 3% in groceries, dining, gas, and transit was just about the best no AF 3% cashback card out there, since it hit so many high spend categories. But with the refresh of the Amex Blue Cash Everyday to include online spending; the introduction of the Wells Fargo Autograph with 3% in dining, gas, transit, travel, phones, and streaming; and now this new Bread/Comenity card, there's a lot of competition in this space.

Utilities in particular is a fairly rare category, with only a handful of cards that cover it, most prominently those from U.S. Bank and BoA. The 25% bonus sounds like it turns the Bread card into a 3.75% card, which is spectacular. And while the 20 swipes requirement is high, 3% cards work best in 2-3 card setups anyway (pairing one with a flat rate card, as you noted, works very well), which would make hitting the minimum purchases fairly easy.

Though pairing the Bread 2% and 3% cards may be less than ideal, since they're both Amex.

Re: New Card: The Bread Rewards™ American Express® Credit Card

CreditCuriosity — Sun, 30 Jul 2023 17:51:36 GMT

Decent card for likely some the 20 swipes to get the boost is rough for people with good/a lot of cards already that have 3-5% dining and utilities of 3-5%, etc.. Some it will work with better than cards they have now. Not for me.

Re: New Card: The Bread Rewards™ American Express® Credit Card

NoMoreE46 — Sun, 30 Jul 2023 20:21:46 GMT

@UncleB wrote:
@jason1866 wrote:
https://www.breadfinancial.com/en/bread-rewards-credit-card.html

New card by Bread Financial/Comenity
3% on Grocery, Dining, Gas and Utilities is decent
Not sure when it will be open to applications and if there will be a SUB
It could be a good combination using it with it's Bread 2% flat cash back card
It also has a 25% boost on rewards any month there are 20 transactions, which makes this even more interesting. 🤔

So the 25% boost on the 5% category (e.g., Utilities) could make this a 6.25% card?

Re: New Card: The Bread Rewards™ American Express® Credit Card

Anonymalous — Mon, 31 Jul 2023 06:01:51 GMT

@NoMoreE46 wrote:
So the 25% boost on the 5% category (e.g., Utilities) could make this a 6.25% card?

I think you're confusing that with the Cash+ card. The Bread card only has 3% on utilities.

Re: New Card: The Bread Rewards™ American Express® Credit Card

NoMoreE46 — Mon, 31 Jul 2023 00:46:40 GMT

Ah thanks for pointing out my error.

So the Bread would be 3.75% whist the US Cash + is better at the 5%.

@Anonymalous wrote:
@NoMoreE46 wrote:
So the 25% boost on the 5% category (e.g., Utilities) could make this a 6.25% card?

I think youre' confusing that with the Cash+ card. The Bread card only has 3% on utilities.

Re: New Card: The Bread Rewards™ American Express® Credit Card

northway — Mon, 31 Jul 2023 02:20:49 GMT

While most people don't have utility bills in excess of $500+ a month, you could possibly exceed the Cash+ limits of $2000 per quarter if you do, in which case the Bread Rewards could continue to earn you nearly 4% once you max out the Cash+.

Re: New Card: The Bread Rewards™ American Express® Credit Card

Lou-natic — Mon, 31 Jul 2023 02:27:33 GMT

@NoMoreE46 wrote:

Well maybe...depends on if you run into the $2,000 per quarter cap on the Cash+ or not. If you bump into that you will get less than 5%. Of course the work around is getting a Max Cash Preferred card from an Elan partner credit union and and also setting it to 5% on utilities for another $2,000 per quarter. And since these cards let you select two categories for 5% even if you don't use all the cap for utilities you can have streaming services, or something else where you don't spend as much fill in the gap so you can maximize your earnings. There are actually enough cards giving 5% today that if you really want you can have 5% cash back for just about every dollar spent by most normal people. I just wish I had more HPs to burn but right now I don't.

Re: New Card: The Bread Rewards™ American Express® Credit Card

SUPERSQUID — Mon, 31 Jul 2023 03:43:40 GMT

@Lou-natic wrote:
@NoMoreE46 wrote:

Well maybe...depends on if you run into the $2,000 per quarter cap on the Cash+ or not. If you bump into that you will get less than 5%. Of course the work around is getting a Max Cash Preferred card from an Elan partner credit union and and also setting it to 5% on utilities for another $2,000 per quarter. And since these cards let you select two categories for 5% even if you don't use all the cap for utilities you can have streaming services, or something else where you don't spend as much fill in the gap so you can maximize your earnings. There are actually enough cards giving 5% today that if you really want you can have 5% cash back for just about every dollar spent by most normal people. I just wish I had more HPs to burn but right now I don't.

I respect the comparisons you guys are making to other cards. In my case this card is just falling out of the clouds into my lap to replace a fairly useless comenity mc 1.5 pct cb. Now I will get 3 pct cb on my utilities, sweet.

Re: New Card: The Bread Rewards™ American Express® Credit Card

MileHigh96 — Mon, 31 Jul 2023 12:02:02 GMT

DW just got a letter in the mail on Saturday, her Comenity MC is switching over to this card in September. So if you are currently a Comenity MC holder, you may be getting upgraded/switched over to this one.

Re: New Card: The Bread Rewards™ American Express® Credit Card

pinkandgrey — Mon, 31 Jul 2023 12:24:19 GMT

Interesting. I'd never heard of this before. I got excited about it until I saw that it's 3% rewards POINTS. I'm guessing that's not equivalent to 3% cash back?

Maybe it is. I don't know.

Re: New Card: The Bread Rewards™ American Express® Credit Card

Lou-natic — Mon, 31 Jul 2023 13:17:00 GMT

@pinkandgrey wrote:
Interesting. I'd never heard of this before. I got excited about it until I saw that it's 3% rewards POINTS. I'm guessing that's not equivalent to 3% cash back?

Maybe it is. I don't know.

I can't say for sure with Comenity/Bread but at least with my other points cards it just means you don't usually get to redeem straight into a checking/savings account if you want to. They seem to favor statement credits and gift cards. It is something to think about but so far I've been okay with statement credits. It's not the quite the same thing but it accomplishes the same goal.

Re: New Card: The Bread Rewards™ American Express® Credit Card

SUPERSQUID — Mon, 31 Jul 2023 18:47:11 GMT

@pinkandgrey wrote:
Interesting. I'd never heard of this before. I got excited about it until I saw that it's 3% rewards POINTS. I'm guessing that's not equivalent to 3% cash back?

Maybe it is. I don't know.

The letter I got from Bread says percentage not points, I just read it a few times to make sure.

Re: New Card: The Bread Rewards™ American Express® Credit Card

captainsensation — Mon, 31 Jul 2023 20:30:51 GMT

Wonder if the bread cash back and be converted to this.

Re: New Card: The Bread Rewards™ American Express® Credit Card

northway — Tue, 01 Aug 2023 21:29:08 GMT

@captainsensation wrote:
Wonder if the bread cash back and be converted to this.

Doubt it. They'll more than likely keep these side by side.