AmEx BCP membership fee?

[Anonymous]

So you’re saying you get the sub and then downgrade and get the AF back? Because I’m having second thoughts because if I usually get groceries 5% already so I’m only getting one more percent and if I have 5% card for gas, I don’t know if it makes sense but I did like the $250 sub.. I figured you had to wait at least a year and pay the annual fee once but I don’t have to?

[Anonymous]

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@Anonymous wrote:
So you’re saying you get the sub and then downgrade and get the AF back? Because I’m having second thoughts because if I usually get groceries 5% already so I’m only getting one more percent and if I have 5% card for gas, I don’t know if it makes sense but I did like the $250 sub.. I figured you had to wait at least a year and pay the annual fee once but I don’t have to?

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You only have to pay the first annual fee when you get the card, when the second AF posts you just call and downgrade and they refund it. 

[Anonymous]

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@Anonymous wrote:
So you’re saying you get the sub and then downgrade and get the AF back? Because I’m having second thoughts because if I usually get groceries 5% already so I’m only getting one more percent and if I have 5% card for gas, I don’t know if it makes sense but I did like the $250 sub.. I figured you had to wait at least a year and pay the annual fee once but I don’t have to?

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When you upgrade and spend $1K you get $250 back and the partial AF charged for the remainder of your year up to the month in which you opened the account. 

When the AF comes up in say 6 months or whatever you timeline is then you just downgrade again to the BCE.

[Anonymous]

Upgraded 2 months before the anniversary. Lol. So I pay a two month prorated fee and then cancel? Easy $250!

[Anonymous]

And there’s no issue if I want to keep it a year and then downgrade before the next annual fee either? Downgrade at anytime?

[Anonymous]

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@Anonymous wrote:
And there’s no issue if I want to keep it a year and then downgrade before the next annual fee either? Downgrade at anytime?

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Keep it until the next AF posts. Better to be safe than risk incurring the wrath of AMEX. 

[Anonymous]

That’s what I was thinking. I don’t really wanna look like I was churning. It sounded good and they talked me into it, but if I can get 5% for gas elsewhere and 5% for groceries I’m losing more to gain 1% on groceries. Annual fee is not worth 1% more in groceries. I don’t buy that many groceries.

Besides I thought the blue cash everyday looked cooler.