Posted by William Charles on October 27, 2017
Credit Card Offers

Published on October 27th, 2017 | by William Charles

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[Targeted] American Express Blue Cash Preferred $250 Upgrade Offer

Orignally posted on September 14th, 2017. Reposting due to the fact more people are being targeted again.

The Offer

No direct link (definitely targeted as links have your last 4 credit card numbers hard coded. Also check your amex offers for this offer)

  • American Express are offering some Blue Cash Everyday cardholders the opportunity to upgrade to Blue Cash Preferred and get the following bonus:
    • $250 cash back after you spend $2,000 within the first three months

 

Card Details

  • Annual fee of $95 (prorated based on how long you have left in your card member year).
  • Card earns at the following rates:
    • 6% cash back at U.S. supermarkets (up to $6,000 in spend annually, then 1%)
    • 3% cash back at U.S. gas stations and select U.S. department stores
    • 1% back on all other purchases

Our Verdict

They offered a similar upgrade option but for only $100 in June & then $150 in August. Remember that the annual fee is not waived the first year so it’s actually a bonus of $155 and the 6% cash back at supermarkets  (best card for grocery store spend when not taking into account the annual fee). The good thing about upgrade offers is that they don’t do a hard pull and you’re also able to get the bonus if you’ve already had the card before (and can get the bonus in the future if you haven’t had the card before). If you have questions about American Express upgrade offers they will be answered hereGeneral questions about American Express answered here.

Looks like American Express is sending out a few different upgrade offers recently:

Hat tip to reader Jobin Johnson



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I’m actually satisfied with US Bank Altitude Reserve on groceries part. It gives me steady 4.5% back on groceries, supermarket, wholesale club since they all accept mobile payment. And I value the benefits such as Priority Pass, Travel Credits, and Andrew Harper membership came with it more than annual fee. Amex BCP is effectively 4.4% cash back if you max out the 6% category with annual fee.

Unless I’m mistaken, you don’t get cashback on the travel you buy from points: You get $100 of stuff plus $4.5 of travel ($104.5 total) for $100 => You’re paying ~$0.957 for $1 of stuff => “only” 4.3% back. You still need to pay more than $5600 annually though for BCP to be worth more than AR for you: https://www.wolframalpha.com/input/?i=100%2F104.5+*+X+%3C+X*.94+%2B+95

Aditya Shrivastava
Aditya Shrivastava

Isn’t BCP 4.347826087% cashback accounting for annual fee?

No.

It’s a card with $95 AF, and 6% on groceries (and top cashback rate at department stores too, BTW).

Saying it’s 4.3% could suggest spending $1000 will get you at $43, while it’s ($35) (negative).

Groceries though = 4.417% when accounting for annual fee at $6000 spend a year. AR’s is $400, $325 is travel reimbursements.

Also correct valuation for AR is You get $100 of stuff plus $50 off travel ($150 total) for $100.

Is this offer worth it? Looks highest ever.

Looks like I have the offer. I’m thinking that this is the one I take (and it might mean that the card becomes a regular carry!) and get that cash back.

Does the 6% work for MC/VGC purchased at supermarkets similar to INK at OD/Staples?

Yes, easy way to max the $360/yr bonus

Thanks.

Anyone know the usual expiration date on these offers? Working on an SPG right now.

I asked this question in online chat and CSR said it could be pulled any time. Normally offers sent by email have a deadline, but this one pops up when you log in your account. You may or may not see it next time.

Will, the annual fee for the upgraded card is pro-rated on the time remaining until card anniversary.

T&C
Approximately 45 days after your account is upgraded, you will be charged a prorated Annual Membership Fee for your new Card based on the time remaining until your next account anniversary date. You will also receive a prorated refund for any annual fee paid on your previous Card.

I did the $150 offer over the Summer and they dropped the full $95 AF on me a couple months later.

Great time to do the upgrade, since you can MS the 6% for 2017 then get another $360 for 2018 so cancelling before 2nd AF should get you 360 + 360 + 155 = $875 with no hard pull

What’s the anniversary date on your card? Also, did the previous offer have the same language in T&C?

Does $6000 counter reset every calendar year, not card anniversary year?

It resets on the closing date ending in December of each calendar year. For example, if your closing date is the 5th, your $6000 counter for the next year is reset to 0 on 12/6. Not card anniversary year.

Thank you!

Got and accepted upgrade offer in July. Card anniversary is July as welll. Annual Fee posted in September as $79 (vs $95). Was told it is good till next anniversary in July. So 2 month free.

I got a sensational $39 prorate on the annual fee earlier this year.

Now to know when to shut it down before the $95 post. I am not near the max out of 6% quite yet but did get the earlier offered upgrade from regular BCB to PBCB, so I would be ok with shutting it down before max out because I hope to obtain another type of Amex card.

“and can get the bonus in the future if you haven’t had the card before”, does this mean that after upgrade, I can apply the card again and get another bonus?

If you upgrade to BCP, then you’ll have both BCE and BCP. You would not be entitled to get the new bonus on BCP. AmEx can certainly change it again and again.

To me, not a lot of value unless you want to avoid another credit HP.

would the 6k cap reset immediately?
I have already used 6k on my bce.

I received this offer. But I’m not sure if this is any better than the regular BCP offer. You only avoid another credit HP and you keep your credit history. But since both BCE and BCP are new, there is not much to gain or lose.

If I upgrade to BCP, then I look to downgrade again in the near future. I do not want another card with AF. I won’t need to buy a lot of grocery with this card. I visit Costco most of the time.

buy vgc esp. when a discount si offered

I am never targeted for anything except $5 off a sandwhich from AMEX

The current BCP bonus is $250 for $1,000 spending, which is better than the upgrade offer. I also remember the BCE and BCP had $200 + $200 offers. You can get the 2nd offer from, say 10% on Amazon purchase of $2,000.

All those are superior to the upgrade offer.

Those were good offers, but they are in the past. So basically you have 2 options now: spend $2000 on existing account or spend $1000 and get a HP, a new account and a hit on AAOA. To me, the choice comes down to personal preferences. Some find it harder to spend another $1000, some value a cleaner credit report.

T&C say that they might do bad stuff to you if you downgrade within 12 months. Anyone have experience with that?

Reason I ask is since AF goes based on your anniversary date AND they don’t refund AF after 30 days, you could end up paying close to 2*95 if you wait 12 months to downgrade.

It is credit card bonus abuse. AmEx can blacklist you.

Does this offer come in over email? What’s the subject line?

It was in my amex offers. At the top of the list.

I got an email today:
“Please read, Mr. Dioji — you’re pre-selected for a special upgrade offer on your Card”

and can get the bonus in the future if you haven’t had the card before

So you certain that this can be done twice?

It was in my wife’s account, as part of amex offers. I applied for upgrade. ~$200 for $2000 spend without any hard pull is pretty good. ‘No hard pull’ is the entire point here.

If you already have 20 hard pulls, what one more HP would matter?

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