Getting $710 Cash Back in 12 Months With Limited Time Offer!

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I’m a miles and points girl more than a “cash back” girl, but that doesn’t mean that cash back offers don’t catch my attention from time to time. I mean, can you really go wrong with cold hard cash? Obviously not, at least not at the right percentage.

Along those lines, two Amex cards that award cash back have interesting new limited time offers that award as much as 10% back in a popular bonus category of US restaurants…on top of the other bonuses and features of the cards. With the limited time offers, in addition to the normal bonus categories, one of the cards makes getting $710 in cash back in the first year very attainable for many families.

Blue Cash Preferred® Card from American Express

Two Amex Cards With Temporarily Increased Bonus Offers

The Blue Cash Preferred® Card from American Express awards $150 back after $1,000 in purchases in the first 3 months, 6% cash back at U.S. supermarkets (on up to $6,000 in purchases per year, then 1%), 3% back at U.S. gas stations, and 1% on other purchases. In addition, if you apply by 5/3/17, you now also get 10% cash back at U.S. restaurants in the first 6 months, up to a max of $200 back. To hit the full $200 cash back in the restaurant category that works out to an average of about $333.33 spent at restaurants each month in those first six months. Terms and limitations apply.

This particular card does come with a $95 annual fee. If annual fees aren’t your thing, then know that this card has a “cousin” with some similar perks and no annual fee.

The no annual fee Blue Cash Everyday® Card from American Express also temporarily has a bonus category of 10% cash back at U.S. restaurants in the first 6 months, up to a max of $200 cash back in that category available to those who apply by 5/3/17.

Additionally, this card awards $100 back after you spend $1,000 in purchases within the first 3 months, 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases then 1%); 2% back at U.S. gas stations; and 1% cash back on other purchases. Terms and limitations apply.

Specifically looking at the no annual fee Blue Cash Everyday® Card, getting a total of $300 cash back from as little as $2,000 in spending assuming you hit the sign-up bonus and maxed out the 10% back in restaurants category all with dining charges, isn’t bad at all.

How to Get $710 Cash Back in One Year from One Card

However, if you really want to maximize what the Blue Cash Preferred® Card can do in the first year, here is some quick math.

  • $150 cash back bonus after spending $1,000 in the first three months
  • $200 cash back at 10% of the first $2,000 spent in US restaurants in the first six months
  • $360 cash back at 6% of the first $6,000 spent in US grocery stores annually

From just those bonuses and categories you can get a pretty easy $710 cash back in a year from a card with a $95 annual fee. I know many of us understandably gravitate to miles and points related offers, but a total of $710 cash back in the first year in categories that many families can easily max out is at least worth a few seconds of consideration.

If you are trying to decide between the two cards and can max out spending $6,000 in U.S. grocery stores each year (average of $500 per month), it probably makes sense to go for the Preferred version with the $95 annual fee.  At $6,000 in annual spending at US grocery stores 6% cash back would amount to $360 annually instead of the $180 annually at 3% back with the no annual fee Blue Cash Everyday. Additionally, the Preferred version also awards $50 more dollars with the sign-up bonus, while both have the same limited time 10% back at US restaurants portion of the offer.

Both of these limited time offers are scheduled to run until 5/3/17. I’m curious to know if or how cash back offers fit into your overall rewards credit card plan?

 

Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.

Comments

  1. “Additionally, the Preferred version also awards $50 more dollars with the sign-up bonus, while both have the same limited time 10% back at US restaurants portion of the offer.

    Both of these limited time offers are scheduled to run until 5/3/17. I’m curious to know if or how cash back offers fit into your overall rewards credit card plan?”
    What I saw was $150 for $1k at restaurants in the first 3 months and then another $200 for another $1k at restaurants in the next 3 months, while spending $6000 at groceries stores to get $360. By my calculations that’s a good return for $8k spent. Where did I miss the $1k?

  2. if you think restaurants are a waste of money, it’d be 8.5% return. $150 for $1k in 3 months + $360 for $6k at grocery stores is basically $510 back for $6k spent.

    • I’ve found that food delivery purchased through Seamless and Grubhub codes as dining on my Chase Sapphire, as well as reloading my Starbucks and Dunkin apps. I’m sure it varies by card how these things code, but those could be a couple ways besides actually eating at a restaurant to earn some of the 10% back bonus.

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