The Blue card pays 0.5% for a spend of less than 2,000. For spend of and above 2,001 it pays 1% cashback.
Let's say that my total spend for 2004 is 3,000. Neglecting the introductory offers during my first year, on my card anniversary date, will I get paid 1% cashback for the entire 3,000 spend or 0.5% for the first
2,000 and then 1% for the last 3,000?TIA
The latter I'm afraid, but cutting cashback seems the norm these days. My egg card gives an incredible 0.1%!
Thanks for your reply, Adrian. I though it was too good to be true!
But still one of the most competitive cashback deals out there.
My Amex Platinum pays
0.5% for spend up to £3000 1% for spend from £3001 to £7500 2% for spend above £7501Since I was bored I built a spreadsheet to analyse which is best in terms of cashback between Blue and Platinum;
Less than £2000: No difference Between £2001 and £8000: Blue Above £8000: Platinum
So if your monthly bill on average is £667 or higher you should get Platinum, otherwise stick to Blue as your are better off (or no difference) in terms of cashback.
I think interest rates might be better for Platinum, but obviously you don't really want to use the card to borrow money....
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