Originally Posted by
leonard016
The old Blue Cash's 5% is the one of most misleading marketing practices since you will never achieve 5% due to that $6,500 threshold. You are losing money to cross that threshold thus you will have to reduce your effective cashback OR you just treat it as an hidden annual fee like mia suggested.
The new Blue Cash Preferred, on the other hand, is very straightforward and have the $75 annual fee up front with 6% cashback on groceries. Of course, your effective cashback is less than 6%, but if your spending on groceries is big then it could beat the old Blue Cash.
How is it misleading? It seems very straightforward to me.
I like the 1.25% on everything else (after the $6,500.) though. A large portion of my spending ends up in that category and I get beyond the $6,500. pretty fast too.
It's easy to calculate how this card does in comparison to other cards using this spreadsheet:
http://dl.dropbox.com/u/1994521/8618...omparison.xlsx
The old Blue Cash Amex definitely comes out on top for me. Better than the new Blue Cash cards and better than a 2% on everything card.