American Express Blue Cash Credit Card Cash Back
Author: lonsch
Posted: Sat Mar 03, 2007 4:53 pm
Post subject: AMEX Blue Cash $6500 Question
Once you spend 6500 on the card you get 5% and 1.5% cash back right?
My question is lets say you do some major spending when you first receive the card and get to 6500 in under a year. Do you stay at the second level for the rest of the life of the card or do you have to spend the 6500 every 5 years?
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Author: artcubed
Posted: Sat Mar 03, 2007 5:32 pm
Post subject:
It's based on "Year to date" spending. Your "rebate year" starts when you get the card, and continues for the first 12 statements. From what I understand, it resets after this, and you have to spend the $6500 to get the 1.5/5% again.
Author: lonsch
Posted: Sat Mar 03, 2007 6:04 pm
Post subject:
so you only get a year. wow did not know that
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Author: joelmeu
Posted: Sun Mar 04, 2007 12:54 am
Post subject:
lonsch wrote:
so you only get a year. wow did not know that
Yeah. So if you don't spend a lot on non-EDP to get to the $6500 year-to-date tier early in the year, you might want to consider other cards.
For example, with the Citi Driver's Edge card, if you participate in the Drive Rewards program (a minor hassle), then you can effectively earn up to 12% on EDP and 2% on non-EDP for the first year ($1000 reward max per year). In subsequent years, you can effectively earn up to 6% on EDP and 2% on non-EDP spending ($1000 reward max per year).
I know one can get multiple Driver's Edge cards, but I don't know if you can participate in the Drive Rewards programs with two different vehicles (one per card). Has anyone tried this?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sat Mar 03, 2007 4:53 pm
Post subject: AMEX Blue Cash $6500 Question
Once you spend 6500 on the card you get 5% and 1.5% cash back right?
My question is lets say you do some major spending when you first receive the card and get to 6500 in under a year. Do you stay at the second level for the rest of the life of the card or do you have to spend the 6500 every 5 years?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: artcubed
Posted: Sat Mar 03, 2007 5:32 pm
Post subject:
It's based on "Year to date" spending. Your "rebate year" starts when you get the card, and continues for the first 12 statements. From what I understand, it resets after this, and you have to spend the $6500 to get the 1.5/5% again.
Author: lonsch
Posted: Sat Mar 03, 2007 6:04 pm
Post subject:
so you only get a year. wow did not know that
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: joelmeu
Posted: Sun Mar 04, 2007 12:54 am
Post subject:
lonsch wrote:
so you only get a year. wow did not know that
Yeah. So if you don't spend a lot on non-EDP to get to the $6500 year-to-date tier early in the year, you might want to consider other cards.
For example, with the Citi Driver's Edge card, if you participate in the Drive Rewards program (a minor hassle), then you can effectively earn up to 12% on EDP and 2% on non-EDP for the first year ($1000 reward max per year). In subsequent years, you can effectively earn up to 6% on EDP and 2% on non-EDP spending ($1000 reward max per year).
I know one can get multiple Driver's Edge cards, but I don't know if you can participate in the Drive Rewards programs with two different vehicles (one per card). Has anyone tried this?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Labels: 5% Credit Card Cash Back, Amex Blue Cash Credit Card Rewards
posted by CardRatings.com at 11:09 PM
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