Finally received my Amex Blue cash back card. Here are the cash back rates:

Year to Date Purchases Cash Back on Everyday Purchases^ Cash Back on All Other Purchases
$0-$6,500 1.0% 0.5%
$6,500.01 or more 5.0% 1.5%

My wife and I both have Amex Blue cards now on the same account. We had been thinking of buying her a new car and we decided to use the new Amex Blue card to put $5000 down. The dealership would only allow us to put $3000 down on my card. I thought that was it, but then my wife asks the finance manager if we can use a 2nd credit card and he said sure. The dealers limitation is $3000 per card so we put another $2000 down using her card. Between these 2 cards and our usual monthly expenses we hit the $6500 minimum right away.

I always pay off my cards every month and I had this money set aside for the new car purchase so this put us on track to make the most cash back out of our new credit cards. I checked online to see what we made on the 1st $5200 and it is $27. This gave us a return of .5% on our purchase. It doesn’t seem like much, but we should do well by the end of the year considering we are in the next bracket of 5% and 1.5%.

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