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Amex Blue Cash credit card - Meeting the $6500... Question
I just signed up for this card and will be receiving it in the mail in the coming weeks. I read through some of the legal jargon but never came away with an answer. Can I transfer the balance from one of my Citi cards to the Amex Blue Cash card? Let's assume I have a balance of $6,000 on my Citi card. By transferring that entire amount over to the Amex card, I would be close to reaching that $6500 threshold in order to start earning 5% instead of the 1%.Or do transfers not count toward the $6500? |
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| 07-10-2007, 01:36 PM | |
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Jul 2007
518
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Actually, this one is very good for my needs. There is no annual fee. There is no rewards limit. I pay off my balances in full. And I'm planning on going on a vacation to Jamaica in September which will cost me a little over $6,000. I have the cash already for that trip. But if I put it on the Amex, I will have nearly reached my $6,500 threshold in one fellow swoop!
Really, the reason why I was asking about transfers is because I wondered if I could utilize two cards to maximize my benefits (ie: book the vacation on a travel rewards credit card and then transfer it over to the Amex card). Apparently this won't work. As for other cards... I used to have the Citi Dividend card when it gave back 5%. I got rid of it when they dropped me down to 2% (like many here at SD did). I also have the Chase Rewards card. That one gives me 5% on gas, groceries & pharmacies still. However, there is a $300 maximum rewards per year limit. I reach that in about 4 months. That is why the Amex is going to benefit me greatly! Anyways, thanks for the info! |
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