AMEX BCE...am I missing something?

[zeusta20]

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@youngandcreditwrthy wrote:

the credit would reduce your cc bill..

lol duh.

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Duh?? really? No need to be rude or sarcastic.....What i'm referring to, is if the balance is at 0...IF I PAY THE BALANCE OFF BEFORE THE STATEMENT CUT OFF, THEN WHERE WOULD THAT CREDIT GO TO?

[webhopper]

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@zeusta20 wrote:

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@webhopper wrote:

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@zeusta20 wrote:

I always see people posting about the BCE from amex. Is there something I'm missing? TO ME, it doesn't seem that great of a card. Its revolving, WHICH IS GOOD, but as far as the cash back, its only in a form of a statement credit (from what I read on amex's site). If I could get a check sent to me, that would be nice, but it doesn't seem like its worth it if its just going to be a credit to my credti card.

Am I missing the value in this card? Why does it seem to be so popular?

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I personally don't think the card is that great, and I get more value from my PRG... but that's just me. No Rotating Catagories, and cash equivalent rewards are perks, but for cash back I prefer discover, Navy Federal and even my Amazon card, since I can opt to have the cash deposited into my checking account, or I can redeem for gift cards or other merchandise.   To me, a reward doesnt' really feel like a reward unless I use in on "rewarding" things like travel or gifts for me  

A statement credit is so blah in my opinion, although I have opted for statement credits in the past on my other cards.  Its nice to have a choice.

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Exactly...and I was actually thinking about upgrading my Amex Green to the PRG. BUT, I already have the CSP that i'm paying 95.00 a year for. I was thinking about upgrading to the Gold, but to me, the rewards aren't really all that different. The only difference is early event access...So for me to pay $270 on credit cards for the CSP AND PRG annually just to HAVE, seems a little hefty to me. Maybe not...idk. Maybe i'm just being cheap? lol.

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There is a lot of overlap between PRG and CSP... I prefer PRG over CSP for my needs because of the gas and grocery catagories. These are big spend catagories for my family  Also, PRG is backdated.

Also there is a benefit to the PRG, which is $75 dining credit at certain hotels as long as you stay 2 or more nights and book the hotel using Amex Travel.  PRG gives 4X points on travel when booked through Amex travel

For me, PRG was a better fit.

[webhopper]

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@zeusta20 wrote:

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@youngandcreditwrthy wrote:

the credit would reduce your cc bill..

lol duh.

---

Duh?? really? No need to be rude or sarcastic.....What i'm referring to, is if the balance is at 0...IF I PAY THE BALANCE OFF BEFORE THE STATEMENT CUT OFF, THEN WHERE WOULD THAT CREDIT GO TO?

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The account would have a negative balance if you had paid in full before requesting a statement credit.

[Swapmeet]

Never mind the rewards. The card is clear...so....you know? I am just joking around, but I do love the way it looks. I also appreciate the fact that the grocery store that is right by me sells a whole bunch of different types of gift cards...lol. I never thought of this way to get your 3 or 6% cash back on just about anything because you buy the gift card from a grocery store. Is this ethical? Don't you think that once Amex notices all these gift cards being bought they may take AA. Or do they just see a total from a grocery store and not even know what was bought?

[calihlove75]

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@zeusta20 wrote:

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@calihlove75 wrote:

To me a statement credit is like cash in my pocket since I have to pay the credit card bill off anyway!

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hmmm...thats true. What about if you PIF every month? How does that work? Would you just have a neg balance on the credit card?

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I have not had this be an issue since I can control when I redeem . I also like the discounts I get. I had an offer for $5.00 statement credit for spending $20 at AMC theaters. 25% off a place I am already going...okay!

[zeusta20]

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@webhopper wrote:

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@zeusta20 wrote:

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@youngandcreditwrthy wrote:

the credit would reduce your cc bill..

lol duh.

---

Duh?? really? No need to be rude or sarcastic.....What i'm referring to, is if the balance is at 0...IF I PAY THE BALANCE OFF BEFORE THE STATEMENT CUT OFF, THEN WHERE WOULD THAT CREDIT GO TO?

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The account would have a negative balance if you had paid in full before requesting a statement credit.

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Okay...THANK YOU! Thats exactly what I was wondering.

[zeusta20]

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@webhopper wrote:

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@zeusta20 wrote:

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@webhopper wrote:

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@zeusta20 wrote:

I always see people posting about the BCE from amex. Is there something I'm missing? TO ME, it doesn't seem that great of a card. Its revolving, WHICH IS GOOD, but as far as the cash back, its only in a form of a statement credit (from what I read on amex's site). If I could get a check sent to me, that would be nice, but it doesn't seem like its worth it if its just going to be a credit to my credti card.

Am I missing the value in this card? Why does it seem to be so popular?

---

I personally don't think the card is that great, and I get more value from my PRG... but that's just me. No Rotating Catagories, and cash equivalent rewards are perks, but for cash back I prefer discover, Navy Federal and even my Amazon card, since I can opt to have the cash deposited into my checking account, or I can redeem for gift cards or other merchandise.   To me, a reward doesnt' really feel like a reward unless I use in on "rewarding" things like travel or gifts for me  

A statement credit is so blah in my opinion, although I have opted for statement credits in the past on my other cards.  Its nice to have a choice.

---

Exactly...and I was actually thinking about upgrading my Amex Green to the PRG. BUT, I already have the CSP that i'm paying 95.00 a year for. I was thinking about upgrading to the Gold, but to me, the rewards aren't really all that different. The only difference is early event access...So for me to pay $270 on credit cards for the CSP AND PRG annually just to HAVE, seems a little hefty to me. Maybe not...idk. Maybe i'm just being cheap? lol.

---

There is a lot of overlap between PRG and CSP... I prefer PRG over CSP for my needs because of the gas and grocery catagories. These are big spend catagories for my family  Also, PRG is backdated.

Also there is a benefit to the PRG, which is $75 dining credit at certain hotels as long as you stay 2 or more nights and book the hotel using Amex Travel.  PRG gives 4X points on travel when booked through Amex travel

For me, PRG was a better fit.

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Does the PRG have an annual bonus to it???

[Swapmeet]

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@zeusta20 wrote:

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@youngandcreditwrthy wrote:

the credit would reduce your cc bill..

lol duh.

---

Duh?? really? No need to be rude or sarcastic.....What i'm referring to, is if the balance is at 0...IF I PAY THE BALANCE OFF BEFORE THE STATEMENT CUT OFF, THEN WHERE WOULD THAT CREDIT GO TO?

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The statement credit is not automatic.  You can just build up more and more statement cash, and then use some or all of it whenever you feel like it.

Edit: Wow, @calihlove75 is on top of the game! either that, or I am slow...lol.

[zeusta20]

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@Swapmeet wrote:

Never mind the rewards. The card is clear...so....you know? I am just joking around, but I do love the way it looks. I also appreciate the fact that the grocery store that is right by me sells a whole bunch of different types of gift cards...lol. I never thought of this way to get your 3 or 6% cash back on just about anything because you buy the gift card from a grocery store. Is this ethical? Don't you think that once Amex notices all these gift cards being bought they may take AA. Or do they just see a total from a grocery store and not even know what was bought?

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I didn't find the "clearness" of the card all that amusing unfortunately...lol. I have the CSP, and I love the fact that its heavier and metal...lol. ALTHOUGH, I do wish that it was a lot heavier.haha.

[webhopper]

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