kdm31091 wrote:17thWhitePrince wrote:takeshi wrote:If that's the case then you were probably barely above the BCE before the AF hike.
How much of a gain in dollars is 1% for your spend anyway? Is that amount worth worrying over? As CarefulBuilder14 points out above, even at the $6K cap for the BCP, 1% is only $60 for the year.
I'm just looking to maximize my return on CB that's all. At worst before the hike I was gonna make $112 at the end of the year after AF was paid but now going forward that number shrinks to $92 after AF and with the BCE I could make $93 with no AF. I know that's the numbers for lowest spend possible but still I take that into account. Sure as my income increases I'll be able to increase spend on groceries as needed thus increasing my return. At end of years I would like to combine my CB and use it for like a weekend getaway or whatever with my family. I work anywhere between 50 & 60 hours a week just to cover the expenses and pay the bills. I barely make enough for even that. For you $20 dollars might not mean so much but to me it means a lot more.
Of course, note that with the Amex cards, you cannot redeem $20, so it may as well not exist! You can only redeem $25, $50, $75, etc in those increments so you will always have some rewards you cannot redeem. Keep this in mind when deciding the value.
It only takes $834 of grocery spend on BCE to hit $25. Any rewards he can't redeem today, he'll be able to redeem in 3-4 months.
It takes me a long time to redeem on BCE, but that's because I mostly just use it for offers.