@Anonymouswrote:
@UncleBwrote:
@Anonymouswrote:
@Anonymous@Anonymous wrote:
I'd go for the BCP - no AF in year 1 and you can downgrade to the BCE in year 2. That's what I did, and I just took an offer to upgrade the BCE back to a BCP for 1 year with the AF waived again. There upgrade bonus is meh though, spend $2k for $150.
You could get both the BCE and BCP, get both sign up bonuses, then in year 2 downgrade the BCP to a BCE (not sure if you'd have to close the other BCE first or if you can have 2 BCEs this way)...hm actually I wonder if it's possible to just keep upgrading and downgrading both of them so that you more or less always have a BCP and a BCE and aren't paying any annual fees.
Was that some sort of special offer, the no annual fee in year 1? I don't see any mention of that at American Express' website. I know that Chase explicitly says it with their CSP applications that the annual fee is waived the first year.
Unless there's something I've not seen yet (which is always possible) the annual fee for the BCP is not waived the first year, although some people like to think of the sign-up bonus as covering the first AF.
Well, I suppose that does make sense. I can see myself spending $1000 within 3 months to get the $200, which I suppose could be used to waive two years of annual fees. Of course, not just going on a spending spree, rather simply using the AMEX for everything I normally spend money on, especially groceries and gas.
Does the BCP require a better score or credit history than the BCE? Or are they about the same? Because I've received many mail-in offers for BCE and the ED, but never from BCP.
They are said to be the same, since the only difference is the AF and the rewards scheme... the credit line and APR for either will depend on your credit profile and resources, of course.
