@Anonymous wrote:
@kdm31091 wrote:
@icyhot wrote:
Does Amex only give cash back strictly in the form of a statement credit? I was considering the BCE and really wanted the Simply Cash down the line but I gotta say that's kinda underwhelming. BofA and CapOne both send checks, however the BankAmerideals only allows deposits into a BofA account or a statement credit, which sucks. I like getting cash back checks in the mail, call me old fashioned lolSorry but if you like getting checks, your options will dwindle even more than they already have. Checks are simply going by the wayside. There's really little difference anyway. Either you take a statement credit and don't have to pay that amount of the bill, or you deposit a check and get the money but it comes out to the same thing.
To answer your question, Amex only allows statement credit or gift cards (or merchandise), and the credit must be a $25, $50, $75 etc...multiples only. Pretty annoying. It's not a bad card, just has some annoyances like every other card. Nothing is perfect.
Everything above is true for BCE but I'll add that this doesn't apply to SimplyCash. Cash back is automatically given as a statement credit with each billing cycle no matter the amount so you don't have to bother with redeeming it yourself or waiting until it hits $25.
Old fashioned is right
Good luck with the checks, haven't really noticed that as an option for others around here.
Yeah, every one of my statements closes with a negative balance. I actually find it annoying from an accounting standpoint.
Bank of america gives an extra 10% on my cashback if i move them to my checking or savings account
BTW Icyhot im still interested on that BOA number to request an increase 
@Anonymous wrote:
@Anonymous wrote:
@kdm31091 wrote:
@icyhot wrote:
DoesAmex only give cash back strictly in the form of a statement credit? I was considering theBCE and really wanted the Simply Cash down the line but I gotta say that's kinda underwhelming.BofA andCapOne both send checks, however theBankAmerideals only allows deposits into aBofA account or a statement credit, which sucks. I like getting cash back checks in the mail, call me old fashionedlolSorry but if you like getting checks, your options will dwindle even more than they already have. Checks are simply going by the wayside. There's really little difference anyway. Either you take a statement credit and don't have to pay that amount of the bill, or you deposit a check and get the money but it comes out to the same thing.
To answer your question, Amex only allows statement credit or gift cards (or merchandise), and the credit must be a $25, $50, $75 etc...multiples only. Pretty annoying. It's not a bad card, just has some annoyances like every other card. Nothing is perfect.
Everything above is true for BCE but I'll add that this doesn't apply to SimplyCash. Cash back is automatically given as a statement credit with each billing cycle no matter the amount so you don't have to bother with redeeming it yourself or waiting until it hits $25.
Old fashioned is right
Yeah, every one of my statements closes with a negative balance. I actually find it annoying from an accounting standpoint.
I agree; I like to be able to "see" my rewards as well... LOL.
That's why I chose to redeem mine in the middle of the statement period. When the statement actually cuts, the new balance is of course less the statement credit, and at the time I pay the bill (in full) I also "pay myself" the amount of the statement credit. So the net result to my checking account is the exact same.
I keep my cash rewards on a Serve card... so far it's working out well. When the time comes, the rewards are all in the same place, and if an emergency were to come up I can access the funds any time.
The only 'sticking point' in my system is my Sam's Club Mastercard, where they only issue the check once a year. I'm making $30+ a month off of it in rewards, though, so I think I can 'deal' with it... LOL.
