AMEX BCE...am I missing something?

[zeusta20]

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?

[calihlove75]

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

[webhopper]

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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.

[zeusta20]

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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?

[Commandolam]

What's wrong with a statement credit?  You should be paying off your card in full using whatever check you would've received anyway.  I guess the lack of a variety of uses for the points is a legitimate criticism, but not the lack of a check.

And people like it (and the BCP) because of the good rewards.  The 6% back on groceries on the BCP is unmatched as far as I know and there's a trick you can do by buying gift cards at supermarkets to be used elsewhere which qualify for the 6% or 3%.  

[LS2982]

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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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I agree with this, thats why I like statement credits.

[zeusta20]

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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.

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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.

[zeusta20]

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@Commandolam wrote:

What's wrong with a statement credit?  You should be paying off your card in full using whatever check you would've received anyway.  I guess the lack of a variety of uses for the points is a legitimate criticism, but not the lack of a check.

And people like it (and the BCP) because of the good rewards.  The 6% back on groceries on the BCP is unmatched as far as I know and there's a trick you can do by buying gift cards at supermarkets to be used elsewhere which qualify for the 6% or 3%.  

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Oooo...didn't think about that either....

Thats why I love this site! lol. I get different ideas and tips and tricks on how to use these...lol. Thanks for the info...good to know!

[zeusta20]

BUT...to my other point. What if the card is PIF. Where does the credit go to? Is it just going to the credit card making it a neg balance?

[youngandcreditwrthy]

the credit would reduce your cc bill..

lol duh.