AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
I have the Blue Cash everyday, which does not have an annual fee but gets 3% cash back on online purchases. According to your logic, I should call it more than 3% becuase of all the benefits I use...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
My offer is far better as it is equivalent to 10% back.
Spend $50 or more, earn 500 Membership Rewards® points, up to 1,500 points
Earn 500 additional Membership Rewards® points after using...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
No, I am not looking at it wrong at all. The percent thast a card gives you is the amount of money you have more than when you started. On the Amex Blue Everyday, if you spend the full $6,000 a year...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Businesses do the exact same thing, they ignore sunk costs. If a cost is paid and you can't get it back, it is not relevant to decision making. It's one of the first things you learn in business...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
You clearly don't get it.
Before you pay the annual fee, you may project it is 4.4% based on assumptions you make (that you will spend exactly $6k on groceries, and get no other benefits)
...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Its just a bonus 1% plus 3%-6% reg cashback, plus offer cashback 10%-30%. So max is 15%-38%.
The real AMEX deals is $250 credit back for $500-2000 spend. This happen last January
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Yeah, that won't work for most folks. The 6% is capped at $6k spend per year.
It's May - you've probably used more than $1k in spend already, and if you didn't, you certainly won't "naturally"...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
It could theoretically be gamed though. Example:
- I use my Blue Cash Preferred mostly at groceries where I get 6%cb (Max $6k spend/year)
- If I front-load my grocery spending by buying Kroger gift...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Or you could just open a new card and get more like 75,000--100,000 points for the same 5k spend this garbage offer only gets you 5000 points for.
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Not really comparable.
New card deals are always better than existing card deals. This one could probably be stacked with a new AMEX (Maybe the 175k platinum deal).
Also, nobody does all their...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
This is an extra 1%... i.e. you have this on your blue preferred and spend $5k in supermarkets, you get back 7%.
Still a weak offer. :)
That's only Amazon, this one is on everything.
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
I would challenge you to look at the annual fee differently. You are falling for the sunk cost fallacy: https://en.m.wikipedia.org/wiki/Sunk_cost
The annual fee of a card should be considered when...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
No, that is not what I am saying at all. Your arithmetic is right, but the logic of how you are using it is flawed. You are putting two separate decisions in the same math formula, where they don't...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Often, but not always---there's many worthwhile amex deals--this just ain't one of em (and they're typically smaller)
The recent $20 off $60 at Walmart for example is effectively a 33% (plus...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
As I said, hopefully Amex will come out with a 95% cash back card on the first $10,000 with a $9,600 annual fee just for people like you who will go around touting their 95% cash back card.
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
But, if you paid for that card, you would sure as hell spend $10,000 on it before the next annual fee.
If it had no annual fee, you would sure as hell spend $10k.
If it had a huge sign-up bonus...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
I still remember Amex ‘Wish Day’ …
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
This is on top of regular cash back
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Log in to your account or the mobile app, go to Offers, and look for this one. Bonus Statement Credit Offer: Spend $5,000+ or more, get $50 back, up to 3 times.
Get a $50 statement credit by...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
Terms: Enrollment limited. Must first add offer to Card and then use same Card to redeem. Once you add the offer to your eligible Card, you will have 90 days to redeem. Only U.S.-issued American...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
$50 on $5000 is 1%. Countless credit cards offer better promotional deals for new cards, and plenty of cards offer better than 1% cash back like 2.0% like the wells fargo active cash. This deal is...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
You do not get 6% cash back with the Amex Blue Preferred. You get 4.4% cash back since you have to include the cost of the annual fee.
If I came out with a credit card that offered 90% cash back...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
If the loss is on the financial reports, then it does affect decision making. If someone was going to decide whwther to invest in that company, would they say just ignore the million dollars loss...
AmEx Offers: Spend $5,000+ or more, get $50 back, up to 3 times
Thread created 4 days ago by nadanunca
-10 Score
23 Replies
3,259 Views
this is NOT a SD...
