Closing Green Card, Going for EDP in January

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popamode72
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Closing Green Card, Going for EDP in January

Postby popamode72 » Sun Oct 19, 2014 6:46 pm

Since I don't want to spook Amex or anything by having 3 revolvers and a charge card, how would closing my charge card sometime before January affect being able to get approved for the EDP in January so not only that I can take full advantage of backdating and giving a boost to my AAoA but to take advantage of that 15K point sign up bonus. Would it affect my internal score with them negatively?

Someone told me that when that time comes, I could also apply incognito so that Amex doesn't recognize that I'm already a cardholder to further increase my chances of getting the bonus. I was gonna just wait until my Delta card is a year old, moving that limit over to the ED card and closing the Delta card and then upgrading to the EDP when that's old enough but I'd be missing out on the bonus if I did that I think. I just wanted to know someone's take on this. Are the requirements for approval roughly similar just like with the charge cards and how they just differ in annual fee costs?

Edit: Forgot that I still have time to take advantage of a sign up bonus that my current ED card comes with but I'm still curious if closing the Green card would affect my internal score in any way and whether there are any better Amex cards I can consider to replace it and not necessarily the EDP either. I think I'd still find having a backdated card really really useful and much more useful than the points I'm getting now on the Green.
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takeshi
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Postby takeshi » Mon Oct 20, 2014 7:41 am

Why do you think it will spook them?

popamode72 wrote:Would it affect my internal score with them negatively?

Not sure what you're expecting here. We don't know the details of their internal scoring system.

popamode72
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Postby popamode72 » Mon Oct 20, 2014 8:48 am

takeshi wrote:Why do you think it will spook them?


Not sure what you're expecting here. We don't know the details of their internal scoring system.


Just that I dont want to have 4 cards from one issuer. Two or three is my personal limit so I don't look as risky to Amex though they have been incredibly generous ever since I got in with them. Also I think I can get a better card than the Green anyway, like maybe the BCE in which I'd be able to have one less annual fee card. I also already have a credit line I can use that doesn't report to credit bureaus or affect my utilization so the usefulness of the Green has diminished for me in that way too.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

hockeyplayr
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Postby hockeyplayr » Mon Oct 20, 2014 10:19 am

unless you want cash back i'd just focus grocery spending on the ED so you don't diminish the amount of points you could possibly earn.
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popamode72
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Postby popamode72 » Mon Oct 20, 2014 10:46 am

I'd be fine with cashback quite honestly and with the added benefits of having a backdated card too. If they hadn't gotten rid of the sign up bonus, the PRG would have still been a consideration. Ed card is definitely staying open. Love the bonus mr points I get with it too.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Oct 20, 2014 10:57 am

popamode72 wrote:I'd be fine with cashback quite honestly and with the added benefits of having a backdated card too. If they hadn't gotten rid of the sign up bonus, the PRG would have still been a consideration. Ed card is definitely staying open. Love the bonus mr points I get with it too.


Unless you're going to transfer the MR points to a travel partner, you'd really be better-off with a cash back card than MR points. Why not BCE?

If the MR points are just going to become gift cards, save yourself that hassle and take cash. You can buy gift cards online for a bigger discount than the extra 20% will provide. And you get only 0.7 cents per MR point on Amazon.
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popamode72
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Postby popamode72 » Mon Oct 20, 2014 11:01 am

CarefulBuilder14 wrote:Unless you're going to transfer the MR points to a travel partner, you'd really be better-off with a cash back card than MR points. Why not BCE?

If the MR points are just going to become gift cards, save yourself that hassle and take cash. You can buy gift cards online for a bigger discount than the extra 20% will provide. And you get only 0.7 cents per MR point on Amazon.


I actually did not realize that at all. I do happen to get a lot out of using cashback cards. The no annual fee BCE sounds like the one I might go for unless maybe the preferred version has more of what I'm looking for my next Amex card. Either way, the Green is going on the chopping block.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

thom02099
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Postby thom02099 » Mon Oct 20, 2014 11:28 am

popamode72 wrote:Since I don't want to spook Amex or anything by having 3 revolvers and a charge card, how would closing my charge card sometime before January affect being able to get approved for the EDP in January so not only that I can take full advantage of backdating and giving a boost to my AAoA but to take advantage of that 15K point sign up bonus. Would it affect my internal score with them negatively?

Someone told me that when that time comes, [color="red"]I could also apply incognito so that Amex doesn't recognize that I'm already a cardholder to further increase my chances of getting the bonus. [/color]I was gonna just wait until my Delta card is a year old, moving that limit over to the ED card and closing the Delta card and then upgrading to the EDP when that's old enough but I'd be missing out on the bonus if I did that I think. I just wanted to know someone's take on this. Are the requirements for approval roughly similar just like with the charge cards and how they just differ in annual fee costs?

Edit: Forgot that I still have time to take advantage of a sign up bonus that my current ED card comes with but I'm still curious if closing the Green card would affect my internal score in any way and whether there are any better Amex cards I can consider to replace it and not necessarily the EDP either. I think I'd still find having a backdated card really really useful and much more useful than the points I'm getting now on the Green.


Highly doubtful this will work. Just as with checking for pre-approvals, pre-selected, etc, as soon as you input your SSN along with your Name and DOB, AMEX will see that you are a current cardholder.
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popamode72
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Postby popamode72 » Mon Oct 20, 2014 3:55 pm

Okay so here's my plan. Thanks for everyone for the helpful input.

I'll apply for the Blue Cash Preferred in January and close the Green card prior to doing so just to be on the safe side. Since the annual fee is waived the first year, I can also take advantage of the larger sign up offer though I have a card that also covers 3% at gas stations so downgrading the card before the year is up is also quite likely depending on how things go.

The backdating is also what really matters to me too. Since I was able to get the ED card with no problem, I assume the underwriting standards for the the Blue Cash are similar and I think I also read something about this card coming with a free year of Amazon Prime or something like that so even more of a reason for me to go for this.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Oct 20, 2014 9:10 pm

popamode72 wrote:Okay so here's my plan. Thanks for everyone for the helpful input.

I'll apply for the Blue Cash Preferred in January and close the Green card prior to doing so just to be on the safe side. Since the annual fee is waived the first year, I can also take advantage of the larger sign up offer though I have a card that also covers 3% at gas stations so downgrading the card before the year is up is also quite likely depending on how things go.

The backdating is also what really matters to me too. Since I was able to get the ED card with no problem, I assume the underwriting standards for the the Blue Cash are similar and I think I also read something about this card coming with a free year of Amazon Prime or something like that so even more of a reason for me to go for this.


Unless you have a special offer, I don't think the BCP has the first-year AF waived. With the AF, you'd have to spend $4500 a year on groceries before BCP beats a Sallie Mae + BCE combo. I don't know about the Amazon details.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Letting new accounts cool off since May
Really not sure what I'll add next or when



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