6% at grocery stores

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attrapereves
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6% at grocery stores

Postby attrapereves » Sat Aug 22, 2015 9:37 pm

What are some ways you guys/gals take advantage of the 6% cash back at grocery stores with the BCP card?

I recently got this card to replace my BCE because of the 6% cash back.

I shop mostly at ALDI and Walmart, and was disappointed to learn that Walmart Neighborhood Market is no longer classified as "grocery" but instead shows up as "wholesale stores". I was thinking of buying gift cards at a local grocery store to take advantage of the 6%. Even buying a $500 Visa/MC/AMEX gift would be a great way to get the 6%.

Any other things you guys do?

Also, I have another question. I want to transfer the credit limit from my BCE to BCP card. I read that the new card has to be open for 60 days to do this. Is this true? Would it be worth it to transfer the credit limit, or just apply for a CLI? Would either result in a HP?


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CarefulBuilder14
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Re: 6% at grocery stores

Postby CarefulBuilder14 » Sat Aug 22, 2015 9:59 pm

attrapereves wrote:What are some ways you guys/gals take advantage of the 6% cash back at grocery stores with the BCP card?

I recently got this card to replace my BCE because of the 6% cash back.

I shop mostly at ALDI and Walmart, and was disappointed to learn that Walmart Neighborhood Market is no longer classified as "grocery" but instead shows up as "wholesale stores". I was thinking of buying gift cards at a local grocery store to take advantage of the 6%. Even buying a $500 Visa/MC/AMEX gift would be a great way to get the 6%.

Any other things you guys do?

Also, I have another question. I want to transfer the credit limit from my BCE to BCP card. I read that the new card has to be open for 60 days to do this. Is this true? Would it be worth it to transfer the credit limit, or just apply for a CLI? Would either result in a HP?

Many Visa/MC/Amex gift cards have fees, and some stores don't let you buy gift cards with a credit card or impose similar restrictions. Those fees can cut into what you earn.

Some Sallie Mae holders have reported getting the grocery bonus at some - but not all - Walmart locations.

I think the CL transfer rule is that the "to" card needs to be open for 60 days, and the "from" card for 12 or 13 months. I'd try for the CLI first. No HP.
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

attrapereves
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Posts: 58
Joined: Tue Jun 24, 2014 2:44 pm
Location: Missouri

Re: 6% at grocery stores

Postby attrapereves » Sat Aug 22, 2015 10:06 pm

CarefulBuilder14 wrote:
attrapereves wrote:What are some ways you guys/gals take advantage of the 6% cash back at grocery stores with the BCP card?

I recently got this card to replace my BCE because of the 6% cash back.

I shop mostly at ALDI and Walmart, and was disappointed to learn that Walmart Neighborhood Market is no longer classified as "grocery" but instead shows up as "wholesale stores". I was thinking of buying gift cards at a local grocery store to take advantage of the 6%. Even buying a $500 Visa/MC/AMEX gift would be a great way to get the 6%.

Any other things you guys do?

Also, I have another question. I want to transfer the credit limit from my BCE to BCP card. I read that the new card has to be open for 60 days to do this. Is this true? Would it be worth it to transfer the credit limit, or just apply for a CLI? Would either result in a HP?

Many Visa/MC/Amex gift cards have fees, and some stores don't let you buy gift cards with a credit card or impose similar restrictions. Those fees can cut into what you earn.

Some Sallie Mae holders have reported getting the grocery bonus at some - but not all - Walmart locations.

I think the CL transfer rule is that the "to" card needs to be open for 60 days, and the "from" card for 12 or 13 months. I'd try for the CLI first. No HP.


Even with the activation fee, it's still a good deal, and better than using my 2% Double Cash card.

Buying a $500 card, I'd get $30 cash back, minus the $6 activation fee. I would use it at places where gift cards cannot be purchased in store, or where I couldn't get more than 3% cash back.

If I spend $500 at Walmart with my Citi DC card, I'd only get $10 cash back. The $24 (after activation fee) is still a better deal.

I'll have to ask about using a credit card to buy those Visa/MC/AMEX gift cards. It's worth a try.

Do I have to wait 60 days to get a credit limit increase or can I do that now?

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CarefulBuilder14
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Re: 6% at grocery stores

Postby CarefulBuilder14 » Sat Aug 22, 2015 10:23 pm

attrapereves wrote:Even with the activation fee, it's still a good deal, and better than using my 2% Double Cash card.

Buying a $500 card, I'd get $30 cash back, minus the $6 activation fee. I would use it at places where gift cards cannot be purchased in store, or where I couldn't get more than 3% cash back.

If I spend $500 at Walmart with my Citi DC card, I'd only get $10 cash back. The $24 (after activation fee) is still a better deal.

I'll have to ask about using a credit card to buy those Visa/MC/AMEX gift cards. It's worth a try.

Do I have to wait 60 days to get a credit limit increase or can I do that now?

From a pure rewards standpoint, you're right.

The lack of theft and fraud protections on those cards is enough to discourage me. *Plus, there's the nuisance of losing track of my spending, and carrying extra plastic. I also just don't like the idea of having money tied up in gift cards - Costco cash for minimum spend being the exception. I'm still working through an old Starbucks "consolidated" gift card.*

Do what you want, but don't be shocked if the Amex/MC/Visa funds get drained and you have no way of recovering them.

You can request your first Amex CLI at any time (after card activation, I believe). *Whether you should is something I can't answer for you.*
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

attrapereves
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Location: Missouri

Re: 6% at grocery stores

Postby attrapereves » Sat Aug 22, 2015 10:33 pm

CarefulBuilder14 wrote:
attrapereves wrote:Even with the activation fee, it's still a good deal, and better than using my 2% Double Cash card.

Buying a $500 card, I'd get $30 cash back, minus the $6 activation fee. I would use it at places where gift cards cannot be purchased in store, or where I couldn't get more than 3% cash back.

If I spend $500 at Walmart with my Citi DC card, I'd only get $10 cash back. The $24 (after activation fee) is still a better deal.

I'll have to ask about using a credit card to buy those Visa/MC/AMEX gift cards. It's worth a try.

Do I have to wait 60 days to get a credit limit increase or can I do that now?

From a pure rewards standpoint, you're right.

The lack of theft and fraud protections on those cards is enough to discourage me. *Plus, there's the nuisance of losing track of my spending, and carrying extra plastic. I also just don't like the idea of having money tied up in gift cards - Costco cash for minimum spend being the exception. I'm still working through an old Starbucks "consolidated" gift card.*

Do what you want, but don't be shocked if the Amex/MC/Visa funds get drained and you have no way of recovering them.

You can request your first Amex CLI at any time (after card activation, I believe). *Whether you should is something I can't answer for you.*


You're right about those gift cards. I feel uneasy having $500 tied up in them.

I applied for a CLI, but was denied as I received a CLI on my other card less than 6mo ago. The agent on chat told me to apply in 60 days for another CLI.

I'll probably try that at that time and then close my blue cash everyday card. Any idea if transferring a credit limit and closing the BCE card results in a hard pull?

The agent told me that both cards have to be opened for 12mo, but the agent the other night said that only the receiving card has to be opened for 60 days. What's the truth here?

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CarefulBuilder14
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Re: 6% at grocery stores

Postby CarefulBuilder14 » Sat Aug 22, 2015 11:00 pm

attrapereves wrote:You're right about those gift cards. I feel uneasy having $500 tied up in them.

I applied for a CLI, but was denied as I received a CLI on my other card less than 6mo ago. The agent on chat told me to apply in 60 days for another CLI.

I'll probably try that at that time and then close my blue cash everyday card. Any idea if transferring a credit limit and closing the BCE card results in a hard pull?

The agent told me that both cards have to be opened for 12mo, but the agent the other night said that only the receiving card has to be opened for 60 days. What's the truth here?

Oh, yeah. I mistakenly assumed you wouldn't have recently gone for a CLI on a card you planned to close (BCE).

I've not heard of a limit transfer generating a HP. 60 days, not 12 months, for the receiving card. I'm not closing my BCE, since I like the offers.

What sort of CL are you aiming for with BCP? If you want a giant CL, why not get something with better rewards on high spending? 1% cash is pretty unexciting, compared to 2% cash or miles/transferable points.

Our card habits and priorities seem very different. Maybe someone else should be helping you.
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

attrapereves
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Joined: Tue Jun 24, 2014 2:44 pm
Location: Missouri

Re: 6% at grocery stores

Postby attrapereves » Sat Aug 22, 2015 11:36 pm

CarefulBuilder14 wrote:
attrapereves wrote:You're right about those gift cards. I feel uneasy having $500 tied up in them.

I applied for a CLI, but was denied as I received a CLI on my other card less than 6mo ago. The agent on chat told me to apply in 60 days for another CLI.

I'll probably try that at that time and then close my blue cash everyday card. Any idea if transferring a credit limit and closing the BCE card results in a hard pull?

The agent told me that both cards have to be opened for 12mo, but the agent the other night said that only the receiving card has to be opened for 60 days. What's the truth here?

Oh, yeah. I mistakenly assumed you wouldn't have recently gone for a CLI on a card you planned to close (BCE).

I've not heard of a limit transfer generating a HP. 60 days, not 12 months, for the receiving card. I'm not closing my BCE, since I like the offers.

What sort of CL are you aiming for with BCP? If you want a giant CL, why not get something with better rewards on high spending? 1% cash is pretty unexciting, compared to 2% cash or miles/transferable points.

Our card habits and priorities seem very different. Maybe someone else should be helping you.


My BCE has a $5500 CL. I'm fine with that on the BCP. It's not a card that I put large purchases on. If anything, the credit limit is nice to keep the usage percentage down.

The $2000 CL they gave me on my BCP just isn't going to cut it...

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CarefulBuilder14
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Re: 6% at grocery stores

Postby CarefulBuilder14 » Sat Aug 22, 2015 11:43 pm

attrapereves wrote:My BCE has a $5500 CL. I'm fine with that on the BCP. It's not a card that I put large purchases on. If anything, the credit limit is nice to keep the usage percentage down.

The $2000 CL they gave me on my BCP just isn't going to cut it...

That $2k probably means Amex thinks you have enough credit, or enough new credit.

*Did you try to get an upgrade offer to convert your BCE to a BCP - either as cash rewards or a reduced first-year AF? That would have been a much simpler solution. The standard line is that bonuses are just for new accounts, but in practice, upgrade incentives are possible.*
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

attrapereves
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Re: 6% at grocery stores

Postby attrapereves » Sun Aug 23, 2015 12:36 am

CarefulBuilder14 wrote:
attrapereves wrote:My BCE has a $5500 CL. I'm fine with that on the BCP. It's not a card that I put large purchases on. If anything, the credit limit is nice to keep the usage percentage down.

The $2000 CL they gave me on my BCP just isn't going to cut it...

That $2k probably means Amex thinks you have enough credit, or enough new credit.

*Did you try to get an upgrade offer to convert your BCE to a BCP - either as cash rewards or a reduced first-year AF? That would have been a much simpler solution. The standard line is that bonuses are just for new accounts, but in practice, upgrade incentives are possible.*



I did not attempt to upgrade to the BCP. I should have though. The agent over chat assured me that I am eligible for the intro offer bonus.

I'm not sure what AMEX's deal is. Everyone else seems to have great luck with them except for me. My scores are in the mid to upper 700s. I always PIF and don't have any dings on my credit. All of my other cards were approved with CLs in the $5000-7000 range. In fact, I got a Citi Thank You card about a year ago and it was approved with a $5700 limit. My Dividend card (which I converted to Double Cash) started with a $5000 limit.

Even my BCE was only approved with a $3000 CL. It took almost two years for them to approve a CLI to $5500. They kept citing average age of accounts, and too many hard pulls (I only had 2 or 3).

It's pretty pathetic when Capital One gives me better CLIs than AMEX.

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CarefulBuilder14
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Re: 6% at grocery stores

Postby CarefulBuilder14 » Sun Aug 23, 2015 1:47 am

How does your Amex spending compare to your income/assets? What about your income/assets vs. other CLs?

Maybe Amex thinks you didn't spend enough on BCE to merit a decent SL on on your new card. Or they might think you have enough credit/new credit (across all issuers) for your income.
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



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