Comments on: My Emergency Cash Back Card: American Express Blue Cash http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/ finance. money. action. Fri, 20 Nov 2009 12:02:44 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MITBeta @ Don't Feed The Alligators http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5403 MITBeta @ Don't Feed The Alligators Sat, 18 Oct 2008 00:47:39 +0000 http://www.mydollarplan.com/?p=584#comment-5403 Now that our Chase Freedom 1 year 0% interest on purchases deal ran out, we have just applied for an Amex Blue card. Low balance, though. We're going to have to get them to push it up a lot... Now that our Chase Freedom 1 year 0% interest on purchases deal ran out, we have just applied for an Amex Blue card. Low balance, though. We’re going to have to get them to push it up a lot…

]]> By: Frugalchick http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5272 Frugalchick Mon, 13 Oct 2008 23:30:42 +0000 http://www.mydollarplan.com/?p=584#comment-5272 We use Costco Amex where ever we can. My husband also uses it for work related expenses that he gets reimbursed for later on. Our last statement shows that we have almost $400 in rebates. We always pay our cards in full so we haven't paid a penny in interest rate. I'm definitely keeping this card for a while. We use Costco Amex where ever we can. My husband also uses it for work related expenses that he gets reimbursed for later on. Our last statement shows that we have almost $400 in rebates. We always pay our cards in full so we haven’t paid a penny in interest rate. I’m definitely keeping this card for a while.

]]> By: Madison http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5260 Madison Mon, 13 Oct 2008 19:43:30 +0000 http://www.mydollarplan.com/?p=584#comment-5260 @ Enriched Mom: I applied for the Costco American Express card too, but haven't received it yet. They're also giving out a <a href="http://www.mydollarplan.com/25-sign-up-bonus-from-costco-and-american-express/" rel="nofollow">$25 Sign Up Bonus</a> for the new Costco American Express. @ jrh: Excellent point on the gas and groceries calculation. As I'm reevaluating all me cards, I'm calculating the break even point for each category. I'll let you know what I figure out. @ Enriched Mom: I applied for the Costco American Express card too, but haven’t received it yet. They’re also giving out a $25 Sign Up Bonus for the new Costco American Express.

@ jrh: Excellent point on the gas and groceries calculation. As I’m reevaluating all me cards, I’m calculating the break even point for each category. I’ll let you know what I figure out.

]]> By: jrh http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5254 jrh Mon, 13 Oct 2008 18:15:48 +0000 http://www.mydollarplan.com/?p=584#comment-5254 Just one note on the math....you need to consider the opportunity cost of spending that first $6500 on a reward card that gives you 3%+ on the first dollar of gas/groceries. If you spend a lot of money per year, the Amex Blue works well (my overall math comes out around 1.5% cash back - including the "normal" spending). Obviously, the more you spend, the higher that cash back gets. Note, too, that Costco or any other wholesale club is NOT considered "groceries" - so you do not get the higher cash back rate. Just one note on the math….you need to consider the opportunity cost of spending that first $6500 on a reward card that gives you 3%+ on the first dollar of gas/groceries.

If you spend a lot of money per year, the Amex Blue works well (my overall math comes out around 1.5% cash back – including the “normal” spending). Obviously, the more you spend, the higher that cash back gets.

Note, too, that Costco or any other wholesale club is NOT considered “groceries” – so you do not get the higher cash back rate.

]]> By: Enriched Mom http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5207 Enriched Mom Sun, 12 Oct 2008 00:41:07 +0000 http://www.mydollarplan.com/?p=584#comment-5207 You may wish to look at the Amex true rewards card with Costco now that you are a member. I just opened an account as it made more sense for us then the blue card. Best, Enriched Mom You may wish to look at the Amex true rewards card with Costco now that you are a member. I just opened an account as it made more sense for us then the blue card.

Best,
Enriched Mom

]]> By: Donny Gamble http://www.mydollarplan.com/my-emergency-cash-back-card-american-express-blue-cash/#comment-5203 Donny Gamble Sat, 11 Oct 2008 22:16:00 +0000 http://www.mydollarplan.com/?p=584#comment-5203 In these times it is very safe to have a back up credit card because you never know if you are going to be the next victim of unemployment. Many people max out there credit cards the first week upon receiving to purchase things that they want instead of need. In these times it is very safe to have a back up credit card because you never know if you are going to be the next victim of unemployment. Many people max out there credit cards the first week upon receiving to purchase things that they want instead of need.

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