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Old 07-17-2020, 02:25 PM   #261
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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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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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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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