Just to show how great BCP and Gift Cards are.

All about maximizing your rewards!
Members share tips and tricks for getting the most cash back, miles, & points.
27 posts
cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Just to show how great BCP and Gift Cards are.

Postby cashback » Mon Nov 05, 2012 7:12 pm

In July, I redeemed my cash back and upgraded to BCP to start buying MasterCard GC's for all my monthly expenses. Here's my cash back tracker so you all can see how powerful this card it when used correctly. I average about $2800 of GC's a month.

It took me over 5 months to get to just under $400 of cash back without GC's. With them, I was able to get to just under $400 in 2 months.

The chart does not account for the gift card fees, which is about $33 a month. Even still, it is awesome! (November is flat bc the bill hasn't closed yet, it will be about $170 more!)
Attachments
Capture.jpg
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Nov 05, 2012 7:33 pm

Very impressive. I'm sold.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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djrez4
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Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Mon Nov 05, 2012 9:39 pm

Too bad it's capped at $6k per year as of this weekend. You two are grandfathered until your next membership year is over.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]


cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Nov 05, 2012 10:41 pm

djrez4 wrote:Too bad it's capped at $6k per year as of this weekend. You two are grandfathered until your next membership year is over.


Yep. Ive got till August. Then it's time to move on to the Cash+
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sat Nov 10, 2012 11:28 pm

cashback wrote:Yep. Ive got till August. Then it's time to move on to the Cash+


Here's a screen shot of the promotion my grocery store runs often. It is usually $2 of free gas for every $100 you spend at the store, but with this promotion you get $8. So when I buy $4000 of gift cards for next month, I not only get the cash back from Amex but I get $320 of free gas!

This is at PriceChopper grocery store. They are in the north east. So if you live there I suggest you take advantage!
Attachments
Capture.jpg
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

kcarter609
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Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Sun Nov 11, 2012 1:12 pm

cashback wrote:Here's a screen shot of the promotion my grocery store runs often. It is usually $2 of free gas for every $100 you spend at the store, but with this promotion you get $8. So when I buy $4000 of gift cards for next month, I not only get the cash back from Amex but I get $320 of free gas!

This is at PriceChopper grocery store. They are in the north east. So if you live there I suggest you take advantage!


Wow that's crazy. So you get $240 from AMEX and another $320 in free gas? Basically 14% back on gift cards?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sun Nov 11, 2012 1:15 pm

kcarter609 wrote:Wow that's crazy. So you get $240 from AMEX and another $320 in free gas? Basically 14% back on gift cards?


Yep. It's pretty great. I don't know the grocery store can afford this promo. I know a lot of grocery stores exclude gift cards from their loyalty program just for this reason.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


craigm1
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Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

cap on bcp

Postby craigm1 » Sun Nov 11, 2012 6:22 pm

cashback your the reason they now have a limit on the bcp, hope your happy, ruined a good thing for a lot of people I spend about 15k a year on groceries for a family of 5 luckily I never upgraded from the original blue cash, so this doesn't affect me I do have a us bank cash + hope people don't find a way to ruin that as well!!!!!!!!!!!!!!!!!!!!!

craigm
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sun Nov 11, 2012 8:53 pm

craigm1 wrote:cashback your the reason they now have a limit on the bcp, hope your happy, ruined a good thing for a lot of people I spend about 15k a year on groceries for a family of 5 luckily I never upgraded from the original blue cash, so this doesn't affect me I do have a us bank cash + hope people don't find a way to ruin that as well!!!!!!!!!!!!!!!!!!!!!

craigm


Yep. Ill use the Cash+ for gift cards as well.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Vermonster
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Posts: 184
Joined: Mon Oct 01, 2012 11:09 pm
Location: NJ

Postby Vermonster » Sun Nov 11, 2012 10:04 pm

craigm1 wrote:cashback your the reason they now have a limit on the bcp, hope your happy, ruined a good thing for a lot of people I spend about 15k a year on groceries for a family of 5 luckily I never upgraded from the original blue cash, so this doesn't affect me I do have a us bank cash + hope people don't find a way to ruin that as well!!!!!!!!!!!!!!!!!!!!!

craigm


Craigm, I agree with you a bit there. Too much of a good thing is going to make it noticed. But I will say Price Chopper doesn't seem to care. They actually advertise on TV and Radio, their gift cards are the best way to do holiday shopping. Their example was $1000 in BestBuy GCs would get you $80 in gas. It has been going on for about 6 years now.



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