Quick question about the BCE

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CarefulBuilder14
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Re: Quick question about the BCE

Postby CarefulBuilder14 » Mon Nov 30, 2015 5:03 pm

mai wrote:Thank you all for your replies. I didn't know about the $25 increments. Sounds like I'd be a lot happier with the ED.

It's your credit and your decision, but be aware you'll be earning an abysmal effective rewards rate if you use ED's rewards on Amazon just because you don't want to wait for a full $25 redemption on BCE.
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Re: Quick question about the BCE

Postby mai » Tue Dec 01, 2015 5:16 am

My decision is based on several factors, not just that one thing. Thank you

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Vattené
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Re: Quick question about the BCE

Postby Vattené » Wed Dec 02, 2015 9:46 pm

I'll just throw out a Discover it as an alternative to consider. If redeeming directly with Amazon is an important option to you for redeeming rewards, Discover offers that with no minimum threshold or required increments. Their double cash back promotion means you'll get a bare minimum of 2% return on spend for a full year (1% thereafter, which matches the BCE and beats the ED).
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augiedog
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Re: Quick question about the BCE

Postby augiedog » Wed Dec 02, 2015 10:18 pm

Vattené wrote:I'll just throw out a Discover it as an alternative to consider. If redeeming directly with Amazon is an important option to you for redeeming rewards, Discover offers that with no minimum threshold or required increments. Their double cash back promotion means you'll get a bare minimum of 2% return on spend for a full year (1% thereafter, which matches the BCE and beats the ED).


I was thinking that earlier too. There's now an option to pay your bill with cash back, which is new and unique. Also for someone who wants to redeem their bonus Amazon, the 5% Amazon category should be useful as well.
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Re: Quick question about the BCE

Postby kdm31091 » Fri Dec 04, 2015 8:35 am

CarefulBuilder14 wrote:
mai wrote:Thank you all for your replies. I didn't know about the $25 increments. Sounds like I'd be a lot happier with the ED.

It's your credit and your decision, but be aware you'll be earning an abysmal effective rewards rate if you use ED's rewards on Amazon just because you don't want to wait for a full $25 redemption on BCE.


+1

The MR to amazon conversion is what, 0.8 cents per point or something? There are worse ways to use the points (statement credit is even worse) but generally, taking a HP and AAOA ding for an ED card to use it on amazon regularly is pretty bizarre and a BCE will yield a better return even at the base 1% cash back.

MR points are intended and really useful for travel transfers. The other options exist as alternatives. It does not mean they are a good value or worth using regularly.

I hate the $25 increment thing just as much as anyone with BCE/BCP, but it doesn't mean I'll give up all my rewards to earn a rate below 1% (which you will be doing if you have an ED and redeem for the "cash equivalents" such as statement credit or amazon money).

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Re: Quick question about the BCE

Postby mai » Thu Dec 24, 2015 2:52 am

I ended up getting both... :)

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Re: Quick question about the BCE

Postby Tubpbs » Thu Dec 24, 2015 5:58 am

mai wrote:I ended up getting both... :)


Which cards? And why, for each card?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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Re: Quick question about the BCE

Postby mai » Sat Dec 26, 2015 12:32 pm

I got the EveryDay and Blue Cash Everyday.

I knew Amex would give me a pretty good credit line (they gave me 10k on each card). I already had the ED and when I decided to cancel my Chase Slate application I went for the BCE and I don't regret my decision.

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Re: Quick question about the BCE

Postby Tubpbs » Sat Dec 26, 2015 4:31 pm

mai wrote:I got the EveryDay and Blue Cash Everyday.

I knew Amex would give me a pretty good credit line (they gave me 10k on each card). I already had the ED and when I decided to cancel my Chase Slate application I went for the BCE and I don't regret my decision.


How are you going to allocate your spending between the two cards?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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Re: Quick question about the BCE

Postby mai » Sun Dec 27, 2015 12:10 pm

Probably the BCE for gas and groceries and the ED for bills and anything else I might need.



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