Data points: Wife and I both had SPG cards for the past year, but we're flush with SPG points and planning little travel in 2014 so converted them to BCP in Oct when they were due. Immediately ran $6K through grocery store and put both in the lockbox. We both called individually yesterday to attempt to convert to this BC card, but they told us both no. So we both applied online and were both immediately approved. So you can have both BCP and BC.