PC Blue Cash Everyday to the new Everyday card

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grifenhagen
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PC Blue Cash Everyday to the new Everyday card

Postby grifenhagen » Sun Apr 13, 2014 8:26 pm

I recently got the BCE about a month and a half ago and i have put around 1000 through the card. amex must do their rewards dollars weird because its still at 0 on my account; i guess it just takes a little while before they process it all and stuff.
about 2 weeks after i got my BCE, they came out with the everyday card, and id rather have it. i dont like the way amex does their cash back (only redeemable in multiples of 20, takes forever to get credited, blah blah blah).
my questions are as follows:
can i PC by BCE to the everyday card?
since ive already put 1k through my BCE, i should get the 50 dollar signup bonus. will i still get it if i PC to the everyday? or will i get the 10,000 bonus points instead? OR will i get neither?
or should i just wait till the signup bonus of 50 is credited and then just use it towards my statement then PC to the everyday card?


linuxmachine
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Postby linuxmachine » Sun Apr 13, 2014 8:48 pm

did you pay off your balance yet? your points dont get posted until several days after you pay your statement. it'll likely be the same with the everyday card (since the charge cards seem to work the same way).

also, PC is not yet available, but supposedly it's in the works. once this is available, you won't get the bonus for the everyday unless they offer it to you. you could always ask for it, but i wouldn't expect them to comply. i would just take the $50 before you PC to make sure you get it.

grifenhagen
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Postby grifenhagen » Sun Apr 13, 2014 9:02 pm

Yes, I've paid the balance off.
I'm 18 and only got approved for a 1000 limit, so I have paid the balance down several times throughout the first billing period so that my statement would stay around 10% utilization. I will always pay everything off in full.
For some reason I just don't like the cash back thing. Earning points to use towards products and flights and hotel stays sounds much more appealing, and I would like to make the transition over to points. Because my limit is only 1000 and I plan on putting more than 1000 through it per month, I really want to PC this to the everyday card to earn MR points, and also get a green or gold charge card to use as my main card so I can be completely transitioned away from cash back and only be earning points. Plus, I won't have to worry about utilization with the charge card according to nerd wallet: "The problem is, it’s not initially clear how a charge card should affect your credit score. What’s the debt utilization ratio on a card with no limit and no balance? Is it 0%? Is it 100%? Neither. The way charge card issuers handle it is that they report a “high limit”, which is your highest balance to-date, rather than a credit limit, and they report the credit line as “open” rather than “revolving” (not to be confused with “active” vs “inactive”). When credit bureaus see open accounts with high limits instead of credit limits, they simply don’t include them in their debt utilization ratios, so they have neither a negative nor positive impact on your score."

linuxmachine
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Postby linuxmachine » Sun Apr 13, 2014 9:53 pm

Outside of airline miles, Amex MR points aren't worth it. Just an fyi :-)
If you want better rewards I'd go with the amex spg instead.

takeshi
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Postby takeshi » Mon Apr 14, 2014 8:24 am

grifenhagen wrote:can i PC by BCE to the everyday card?

From what I've read nothing can be PC'ed to either of the Everydays.

grifenhagen
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Postby grifenhagen » Mon Apr 14, 2014 9:33 am

Could I PC my BCE to the SPG? Or are those two cards considered to be in different leagues?
My dad has the platinum and he always has enough points to pay for our plane tickets to our place in Breckenridge every year, but of course I wouldn't be spending near as much as him annually.
I really dont plan on cashing out the points I would earn or the cash back I am earning for a long time. This might sound cheesy, but I want to save every cash back or every point I earn so that hopefully in a few years I will have enough to pay for a honeymoon or something along those lines.



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