Help picking an AmEx

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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tiger100
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Help picking an AmEx

Postby tiger100 » Tue Nov 18, 2014 7:06 pm

looking to add an amex to my arsenal. have a chase saph preferred with $20k limit and a discover it with a 15k limit. good credit (in the 700's).

would rather a credit as opposed to charge card that needs to be paid off every month. i spend a good bit of money so want some good rewards for using and looking for a good new card signup reward as well.

looks like the blue preferred or everyday card might be what i need? not sure whats the diff in these? TIA


luvbullmarkets
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Postby luvbullmarkets » Tue Nov 18, 2014 7:36 pm

Are you a frequent traveler?

If not, the Blue Cash cards would be a good option.
Amex EveryDay, Amex BCE , Barclaycard Arrival+ WEMC, CSP Visa Signature, Discover it, Wells Fargo Propel 365 Amex

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tiger100
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Postby tiger100 » Tue Nov 18, 2014 8:02 pm

nah i rarely fly. and company pays gas

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Nov 18, 2014 8:13 pm

The difference is that the ED and EDP earn MR points, while the BCE and BCP earn cash. If you're already earning a lot of personal-use UR points for company-reimbursed travel expenditures, you might prefer the simplicity of cash.

All of those cards are good for people who shop a lot at grocery stores. Groceries at Costco and similar stores don't count for the bonus categories. If you eat out more than you cook, or get groceries at warehouse clubs, the grocery category might not do much for you.

You really can't go very wrong with a BCE, but do review your rewards on your expected spending before you look at anything with an annual fee.
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tiger100
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Postby tiger100 » Tue Nov 18, 2014 8:19 pm

i live at costco. thats one of the reasons i want an amex. none of my purchases at costco would go to reward points?

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Nov 18, 2014 8:23 pm

You're in the USA. Maybe a Costco TrueEarnings Amex card? Although it doesn't do much for you, since you've got a good dining card in CSP and get reimbursed for gas. BCE might be better.

The card is in danger of being discontinued / altered from its present form, though.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

takeshi
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Postby takeshi » Wed Nov 19, 2014 8:36 am

tiger100 wrote:i spend a good bit of money so want some good rewards for using and looking for a good new card signup reward as well.

What categories and what volume? "A good bit" doesn't really mean anything. One's "good bit" is another's "chump change" is another's "insane amount". Given things like the BCP's cap and the Blue Cash's $6,500 threshold the volume matters if you're asking for recommendations.

If it comes to rewards versus sign up bonus which is the bigger priority for you?

tiger100 wrote:looks like the blue preferred or everyday card might be what i need? not sure whats the diff in these?

How did you arrive at these options? Just trying to understand your reasoning.

tiger100 wrote:i live at costco. thats one of the reasons i want an amex. none of my purchases at costco would go to reward points?

You'd get points/cash back but not at the higher earn rates.

If you want rewards on Costco spend the the Fidelity AmEx may be a better fit since it would get 2% at Costco. However, since it's not a Centurion-issued card you can't leverage backdating or the 3x CLI. While you stated that you wanted an AmEx you didn't state exactly why so I don't know if those are important to you or not.

The TrueEarnings only earns 1% at Costco aside from gas (which is capped) and travel. This info is on the AmEx site.
https://www304.americanexpress.com/credit-card/costco-american-express
Earn Cash Back

Earn 3% cash back at US gas stations and on gasoline at Costco, up to $4,000 per year in purchases (then 1%), 2% cash back at US restaurants, 2% cash back on eligible travel purchases, including at Costco, and 1% cash back on other purchases, including at Costco.


CarefulBuilder14 wrote:You really can't go very wrong with a BCE

It's no AF but I wouldn't say that means you can't go wrong with it. If one is AF fixated and has no other concerns that may be true but from a rewards standpoint it's not a best fit except in certain situations.

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Nov 19, 2014 6:38 pm

The FIA-issued Fidelity card is a fair option for continually earning cash rewards. I don't think it has a signup bonus, though. Also, even light use of Amex's specials and perks can easily make up for the 1% base reward difference. The BCE-level Amex customer service is at least on par with FIA's (as far as what I've heard on here from others). Although if the card is used only at Costco, then it's not such a big issue.

Also, a lot of Costco customers buy things like milk and eggs at traditional grocery stores, so that 3% spending makes the simple 2% with no other benefits a little less attractive.

Specific details on the OP's spending would be good. And I didn't say anything with an annual fee was necessarily inferior - just that someone should go over anticipated spending to make sure the fee was justified. The reason someone can't go very wrong with a BCE is that everyone can use cash rewards, and there's no big annual fee lost while the OP decides how to best allocate spending.

I suggested the BCE over the ED or EDP because those aren't good options for people who don't use MR points to travel.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

tiger100
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Postby tiger100 » Fri Nov 21, 2014 8:11 am

i blow $1k-$2k/month at costco. i dont care about "extra" rewards on the card i just want to get some points for using an amex there. right now i just pay cash.


whats diff between BCE and BCP? which is better? ill go back and reread about them as well

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Vattené
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Postby Vattené » Fri Nov 21, 2014 10:30 am

The BCP offers higher rewards than the BCE, but comes with an annual fee. Which is "better" depends on both your spending categories and levels. If you put a lot of money through the card and in the right spending categories, you will come out ahead with the preferred version.

For a $75 annual fee the BCP earns 6%, 3%, and 1% on supermakets, gas stations & department stores, and everything else (respectively) versus the BCE's 3%, 2%, and 1% on supermarkets, gas stations, and everything else (respectively) with no annual fee. If your spending earns you rewards that justify the annual fee, the BCP is better. I, for example, buy almost all of my groceries at Walmart, which doesn't count for the supermarket category, so the BCP would be pretty useless for me.
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