Quick question about the BCE

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Tubpbs
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Re: Quick question about the BCE

Postby Tubpbs » Sun Dec 27, 2015 1:24 pm

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


They have the same rewards categories just that one earns points and the other cash back.

Why not the opposite allocation? Why not two cards that earn different things?,
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kdm31091
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Re: Quick question about the BCE

Postby kdm31091 » Mon Dec 28, 2015 7:43 am

Tubpbs wrote:
mai wrote:Probably the BCE for gas and groceries and the ED for bills and anything else I might need.


They have the same rewards categories just that one earns points and the other cash back.

Why not the opposite allocation? Why not two cards that earn different things?,


I'm a little confused myself. I understand not wanting to throw all the eggs in one basket, but cash is cash (BCE). If you aren't going to fully spend within the ED program, you won't likely rack up enough points for anything meaningful in the long term. Remember ED needs 20 swipes per month to earn more than 1 point per dollar (excluding supermarkets; remember the plain ED doesn't have a gas bonus).

Generally speaking, people who have ED and reap a large benefit from it are using it instead of cash back cards, not with, unless the spend is huge every month.

mai
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Re: Quick question about the BCE

Postby mai » Tue Dec 29, 2015 6:27 pm

I guess I made a wrong decision then.

I just really like the credit limit Amex gives me. I got 10k on both cards which makes it very easy for me to use only 10% per card's limit to cover my monthly needs. For someone who just started having a credit history I think that's pretty decent.

kdm31091
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Re: Quick question about the BCE

Postby kdm31091 » Wed Dec 30, 2015 12:12 pm

mai wrote:I guess I made a wrong decision then.

I just really like the credit limit Amex gives me. I got 10k on both cards which makes it very easy for me to use only 10% per card's limit to cover my monthly needs. For someone who just started having a credit history I think that's pretty decent.


It's not a wrong decision -- just puzzling for some of us. At the end of the day though, you're getting some rewards, you like the limits, and the cards seem to work for you. That's all that really matters.



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