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.
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).