Maxed Out 6% Cat on BCP

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rockyrock
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Maxed Out 6% Cat on BCP

Postby rockyrock » Thu Jul 31, 2014 10:51 pm

I called Amex today to see how close I am to reaching $6000 spend on groceries. Turns out I'm at ~$5800. I need to act fast as there are still five months left in the year. I'll exceed $6k by the weekend.

I was thinking of applying for an ED card but I don't want another card with (reward) limits. I may not have a choice though, use the BCP until it is maxed out each year and then switch to the Everyday card.

My Platinum is up next month and I won't likely be renewing it. I was most likely going to try to PC it to a PRG. Maybe I can do that sooner and just go with the 2x MR for groceries...

Anybody know of gas stations that sell grocery store GCs? I could buy them with my Discover this qtr and max out the CB on it as well.
American Express (2005): Green & Blue Cash Everyday
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC


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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Aug 01, 2014 12:04 am

The Sallie Mae / Barclays card gives 5% cash back on groceries (and gas and books) but the grocery spending limit, you probably know, is $250 per month. After that, I think it's 1%.

If you like the Platinum's MR points system, the Amex PRG at 2x MR points is possible. I'm not aware of any cards that give serious discounts on grocery spending at your level.

Maybe you can get a second BCP? Will Amex do that?
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

supercoolman
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Postby supercoolman » Fri Aug 01, 2014 12:17 am

or get BC, not BCE or BCP

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Aug 01, 2014 12:47 am

supercoolman wrote:or get BC, not BCE or BCP


I thought that was closed to new applicants, if not closed entirely.

@rockyrock: If you've had a Platinum for a while, maybe you can call and sneak into Blue Cash?
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

supercoolman
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Postby supercoolman » Fri Aug 01, 2014 1:00 am

CarefulBuilder14 wrote:I thought that was closed to new applicants, if not closed entirely.

@rockyrock: If you've had a Platinum for a while, maybe you can call and sneak into Blue Cash?



I think not. this link is directly from AMEX website. just 3 clicks from https://www.americanexpress.com/
https://www304.americanexpress.com/credit-card/blue-cash/25330

yfan
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Postby yfan » Fri Aug 01, 2014 3:14 am

If you are spending this much on groceries, I would open up a Costco Executive membership. It's $110 (as opposed to the regular membership price of $55), but you get 2% extra back on everything you buy at Costco (except gas), unlimited.

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Aug 01, 2014 10:34 am

yfan wrote:If you are spending this much on groceries, I would open up a Costco Executive membership. It's $110 (as opposed to the regular membership price of $55), but you get 2% extra back on everything you buy at Costco (except gas), unlimited.


Costco is definitely a good value if you're spending that much.

There is a Costco warehouse in Oxnard, CA. As far as the best card to use at Costco for warehouse purchases, TrueEarnings gives 1% cash back but the Fidelity FIA Amex gives 2%. It's a question of whether you want the potential hassle that some people report with FIA, or the generally better service/website you get with Amex.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

rockyrock
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Postby rockyrock » Fri Aug 01, 2014 11:19 pm

CarefulBuilder14 wrote:Costco is definitely a good value if you're spending that much.

There is a Costco warehouse in Oxnard, CA. As far as the best card to use at Costco for warehouse purchases, TrueEarnings gives 1% cash back but the Fidelity FIA Amex gives 2%. It's a question of whether you want the potential hassle that some people report with FIA, or the generally better service/website you get with Amex.


We don't really buy much from club stores. We do have a Sam's membership and I visit about twice a month mostly to get good deals on seasonal produce and baby supplies. I don't dispute savings, they just don't have what we use.

Our daughter has a very restricted diet so my wife makes almost all of her (and our) food from scratch. This means we use very little packaged food. Unfortunately it also means we spend twice what most families do on groceries. We are regulars at the local health-food store, Whole Foods, Trader Joe's, farmers market, etc.

It looks like my best bet will be the EDP. I value MR points pretty high so being able to score 4.5 per dollar is pretty good.
American Express (2005): Green & Blue Cash Everyday
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Aug 02, 2014 12:22 pm

rockyrock wrote:It looks like my best bet will be the EDP. I value MR points pretty high so being able to score 4.5 per dollar is pretty good.


Just be sure you can make the 30 transactions per month necessary to get the 50% bonus. I'm not sure of the details of your other spending, but when I go to WF or TJ it tends to involve 'stocking up' - a small number of high dollar-value transactions. To me, it looks like you have a lot of cards to reliably make 30 purchases each month on an EDP.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Aug 05, 2014 5:10 pm

I just spent over $250 on groceries (mostly WF stocking up - a pretty rare trip). I would have gone through the Sallie Mae monthly limit in a day.

I got plenty of MR points with my PRG but having a BCE or BCP with me would have been nice.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red



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