Blue Cash Preferred or Costco Amex?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
24 posts
Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Fri Oct 10, 2014 3:33 pm

Vattené wrote:Actually it is just 3% on the BCP (same as gas), and it says "select" U.S. department stores. So be sure to verify your favorites would qualify before committing to this one.

EDITED TO ADD: I haven't looked any deeper than the general info level on the BCP, but it gives the $6,000 cap on supermarkets without mentioning one on gas & department stores. One would have to check the fine print to know for sure if it really was unlimited though.


There is no cap on the 3%. I checked my spend analysis on my BCP a few minutes ago and I have spent over 8K so far this year on gas qualified for the 3%. I have read the fine print and there is no cap. The BCP really pays off for me. I added up last 12 months of rewards dollars and came out close to $700.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


Omarperez48
Gold Member
Gold Member
 
Posts: 36
Joined: Mon Apr 14, 2014 2:08 am
Location: San Diego , California

Postby Omarperez48 » Fri Oct 10, 2014 3:34 pm

8k on gas?? wow well you don't drive a car you must ride a helicopter. I thought my car was a gas guzzler I fell way short.
AMEX PRG (Npsl)

CitiPreferred ThankYou $3000

CapOne QuickSilver $4000

CapOne Platinum $5000

CapOne Yamaha $10,500

Macy's $3000

PayPal $1500

1St Financial Bank $900 (have had it for 6 years)

Credit One Bank $1000 (don't use this card)

Selfmade 24 year old, ambitious and future 1%er

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Fri Oct 10, 2014 3:37 pm

Omarperez48 wrote:8k on gas?? wow well you don't drive a car you must ride a helicopter. I thought my car was a gas guzzler I fell way short.


Well, I have my wife as an AU, so two cars worth of gas. The other thing that helps is we buy all of our beer/wine/cigarettes at the same gas station and it codes everything you buy inside as gas too. I buy quite a bit of beer in a year so it adds up. Nice to get 3% back on that stuff when it's convenient and 6% on that stuff when bought at the supermarket. I've hit $5500 on the groceries so I'm about to max out, but thankfully the year is almost up, as it goes by calendar year.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Mon Oct 13, 2014 10:19 am

Omarperez48 wrote:So lately I have been making a lot of purchases at Costco and only Using my PGR Card. But I think I might benefit more by using either one of these two. I am not familiar at all with Costco AMEX so I do not know how this card works but I do know that Blue Cash has nice rewards by making purchases here.

If rewards at Costco are the top concern then none of these cards is all that great an option. The PRG is only 1x. The BCP and BCE are only 1% at Costco. Even the TE is only 1% for Costco purchases aside from the 3% on gas and 2% on travel. You really just need to carefully read up and compare to determine what suits you best. The FIA AmEx is probably best for general Costco purchases since it's 2% but that just from a rewards earning perspective. If you have other criteria you need to factor them into your decision making as well.

Omarperez48 wrote:Yes that's exactly what I was thinking but then again, what's the point of the Costco I mean there's gotta be something I am not looking at/ BCE is a way better card all around hands down.

Better is always highly subjective regardless of where you put your hands. Cards are not one-size-fits-all. You need to decide based on how cards specifically suit you. If the BCE is better for you and you've considered everything then go with it.

However, from reading your posts it seems like you haven't carefully considered everything. The BCE is rarely best in terms of grocery rewards compared to the BCP and Sallie Mae. Make sure you're considering your annual spend and total cost/benefit when comparing cards. However, as indicated above, grocery rewards aren't relevant to Costco (read the terms).

I'm not sure why you're comparing the BCE and the TE as they're different. Looking at just rewards it's:

BCE
3% groceries $6K cap
2% gas (Costco excluded)
2% select department stores
1% all else

TE
3% gas (Costco included) $4K cap
2% restaurants
2% travel (Costco included)
1% all else

TE requires Costco membership. TE rewards are issued once a year in the form of a coupon. BCE rewards can be redeemed at any time as long as you have a sufficient rewards balance to redeem.

Omarperez48 wrote:Okay so basically I am better off with Costco if this is the place where I shop at mostly. Bummer.

Not necessarily. Again, carefully review the rewards earn rates.

Omarperez48 wrote:8k on gas?? wow well you don't drive a car you must ride a helicopter. I thought my car was a gas guzzler I fell way short.

That's one example of why you can't just assume that everyone's spend levels in various categories are identical.

Omarperez48 wrote:Maybe I should read everything about this card.

You should definitely read everything about any cards you're considering and make sure that you understand the details. That's why you're having problems comparing these cards. I'm not sure how you expect to perform a comparison without such an understanding. You then need to consider your spend and how that affects the suitability of these cards to you.

nismoZtuner wrote:also she will get to spend the Cashback she earns wherever she wants not just by a discount coupon for costco.

The reward is issued as a coupon but the coupon can be redeemed for cash.
https://www304.americanexpress.com/credit-card/costco-american-express
Annual Reward Coupon

Cash back provided annually as a Reward Coupon redeemable for cash or merchandise at US Costco warehouses. The coupon will be issued in your February billing statement and expires on August 31st of the year issued.



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests