The fine print in the Amex Blue Cash

[dannyboy]

Hi

I just got approved for the amex blue cash. My understanding is that I earn 5% rebates on EDP after spending $6,500. Does that mean that once my spending exceeds $6,500, the EDP stuff that I charged to the card will earn me 5% rebates?

[killerwhale999]

NO, the terms and conditions say that for for the spending below $6,500, you earn 1% on EDP. ONLY AFTER YOUR SPENDING EXCEEDS $6,500 do you earn 5% REBATES.

ie

<$6,500 - 1% on EDP
>$6,500 - 5% on EDP..

Even after you exceed $6,500, the EDP that was charged below you exceeded the threshold still earns you 1% - it is not bumped up.

[dannyboy]

thanks

you are correct. I checked the terms again, called up customer to double check as well.

[aquariancore]

Pocket change charge your kids tuition on it.

[SageMother]

It hardly seems worth the expense. The cash back won't help one bit, but you will be up to your gonads in avoidable debt.

[berlinlife06]

The only way is worth, is charging something very expensive that you actually don't have to pay over time but all at once. Otherwise, is not really worth it.

[SageMother]

Originally Posted by berlinlife06

The only way is worth, is charging something very expensive that you actually don't have to pay over time but all at once. Otherwise, is not really worth it.

If you can pay off a charge greater than $6500 then there's no reason for you to go into debt just to take advantage of a cash back.

[parise]

Yeah thats what I say just use it for something constructive like your kids college fund or something because over time it will add up I'm sure.

[crozetian]

Originally Posted by killerwhale999

NO, the terms and conditions say that for for the spending below $6,500, you earn 1% on EDP. ONLY AFTER YOUR SPENDING EXCEEDS $6,500 do you earn 5% REBATES.

ie

<6>$6,500 - 5% on EDP..

Even after you exceed $6,500, the EDP that was charged below you exceeded the threshold still earns you 1% - it is not bumped up.

I called Amex TWICE today, and each time was told that if one's spending exceeded $6500 during the year, you would receive 5% cash back for the entire amount you spent during the year (on gas, groceries, drugs). That is, if one spent $10,000 within one year of opening the account on gas, groceries, drugs, in the first statement after your anniversary you would be credited with $500. That is, you'd receive the 5% on ALL of your spending in those categories for the year, not simply the amount over $6500.

[crozetian]

I've just called Amex for the THIRD time (see previous post), and the official answer is that if your spending in the year after you open your account exceeds $6500, you will receive a 5% discount for what you spent on gas, groceries, and drugs during that entire year, not just the part of it after you went over $6500. Thus if you spend, say, $10000 on gas, groceries, drugs during the year, on your 13th statement you'll receive a credit for $500. If you notice the fine print, you'll see that your "Rebate is awarded annually for each Rebate Year (12 consecutive billing periods)." So, they don't even calculate the rebate until 12 months are up.