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Old 07-17-2020, 02:25 PM   #261
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ExFlyBoy5's Avatar
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Originally Posted by sengsational View Post
True, they give you 6% on groceries, for instance. So you spend $100 and they give you 600 points. In most cases, that means you can use those points for $6 worth of spending. But that's not my experience with the Amex card I got. When I tried to use the points on Amazon, for instance, I needed to spend 2154 points to get $15.38 worth of goods. So what "should have" cost me 1538 points cost me 2154 points. Another way to look at it is that they added a 40% fee. Maybe you can find a way to spend your points at $0.01 each, and I eventually did, but it's probably not going to be easy.
I am not sure what card you speak of. The cash back card doesn't do "points", it's a cash value that you redeem for cash credit. My business card (2% cash back on all purchases) makes it even easier as it's automatically applied as a credit each month. So, I think we are discussing two different cards. The one I speak of is the AMERICAN EXPRESS CASH PREFERRED CARD." There are NO points earned on this card, only cash back.

There *is* an Amazon card, but as far as I know, this is through Chase...and it's a Visa. They *do* points, but it's a simple 5% for AMZN purchases and redeeming is pretty simple through the AMZN website when you check out. I am utterly confused as to what card is taking a 40% fee.

Looks like we have an apples and oranges comparison here.
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Old 07-17-2020, 03:01 PM   #262
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Originally Posted by ExFlyBoy5 View Post
I am slightly confused. I do have a couple of Amex cards, one of which does 6% back for groceries, 3% on fuel, and 1% on all others. The cashback % is indeed what is advertised. Can you elaborate because I must be missing something?
These are giving you the full % back. They arenít using a point system AFAIK. But I can attest that we are getting the full % cash back.
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Old 07-17-2020, 03:05 PM   #263
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Sounds like you all are talking abut different Amex cards... one is points and the other is cash back.... apples and oranges.
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Old 07-17-2020, 03:07 PM   #264
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Use our Fidelity Visa which gets 2% cash back on everything. Pay it off every month. Make around 1000 per year on it.
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Old 07-17-2020, 06:33 PM   #265
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Originally Posted by pb4uski View Post
Sounds like you all are talking abut different Amex cards... one is points and the other is cash back.... apples and oranges.
That must be it. This is a recently issued card that had a big sign up bonus. It's called "every day" or something like that.
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