Closing PRG?

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CarefulBuilder14
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Closing PRG?

Postby CarefulBuilder14 » Sat May 09, 2015 5:55 pm

I got a AAA membership recently (mostly for no-hassle, last-minute hotel/motel discounts). This makes PRG less of a clear value (since AAA obviously gives roadside assistance). My card anniversary is in late May, so the PRG AF would be $175 and not $195.

I think PRG is/will be after June 1 a decent card for someone who wants very few cards. It's good all-around, but doesn't really excel in any one area.

With EDP, PRG's rewards are nothing special. 3x MR points for flights is good, but my alternatives are 2 URs (CSP) or 1.5 MRs (EDP). The extra rewards are nothing special.

I have no airline loyalty, so the $100 airfare credit will be hit-or-miss. There's only a 60% chance that I'd get good value from it.

Most of my travel has been by car, train, or direct domestic flights, so lounges aren't that useful (making an Amex Platinum upgrade a poor value).

I have not used the FHR upgrade feature before, and probably won't use it much. When I travel, I tend to be asleep or out and about. A nice bed is good, but I like a low-cost room in a good location, and that doesn't seem to be the FHR style.

If Amex nixes ShopRunner on EDP and BCE, I can always buy it directly.

I have no plans to get "major credit" like a mortgage within the next two years. I may add an Arrival (or something similar) but probably won't be getting a ton of additional cards.

I was thinking for a while that I could make good use of the various offers Amex has, but I haven't been getting many good ones. I guess I could join Twitter or find some other backdoor to get good ones. Has anyone done this?

1. Can anyone think of factors I might consider beyond these in favor of keeping PRG?

2. When it comes to closing Amex charge cards, are there tricks I should know - like waiting 11 months? 13 months? Should I keep it for two full years to avoid AA on other cards? Would I get a partial AF refund if I waited 13 months?

I definitely do want the ability to get an Amex Platinum at some time in the future if I travel more. I know I didn't get the best bonus offer there is for EDP, so Amex isn't thrilled with my loyalty as a customer. They did still approve me, though.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when


MemberSince99
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Re: Closing PRG?

Postby MemberSince99 » Sat May 09, 2015 6:35 pm

If it's backdated - just keep in mind they no longer backdate. If that's the case rather than close it I'd downgrade to Green or even Senior Green just to keep it open in case down the road you want to upgrade. It could happen, and if that's the case and you close it, no backdate. You did mention wanting Platinum one day - might be worth leaving open.

Also I didn't get the best sign up bonus offers for my cards either. But my Amex EDP is currently my high limit card. And they send offers all the time for their Business Platinum, which I can't use as I have no business, but with time they really do loosen things up.

I'm not fond of their offshore support (though it's the best offshore support I've seen but that's not saying much as they have never gotten what I asked them to do right yet) and I don't like the fact they removed backdating which means I'm not very likely to add another Amex card, but they do have a place in my wallet and my spend.

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Re: Closing PRG?

Postby CarefulBuilder14 » Sat May 09, 2015 8:56 pm

MemberSince99 wrote:If it's backdated - just keep in mind they no longer backdate. If that's the case rather than close it I'd downgrade to Green or even Senior Green just to keep it open in case down the road you want to upgrade. It could happen, and if that's the case and you close it, no backdate. You did mention wanting Platinum one day - might be worth leaving open.

Also I didn't get the best sign up bonus offers for my cards either. But my Amex EDP is currently my high limit card. And they send offers all the time for their Business Platinum, which I can't use as I have no business, but with time they really do loosen things up.

I'm not fond of their offshore support (though it's the best offshore support I've seen but that's not saying much as they have never gotten what I asked them to do right yet) and I don't like the fact they removed backdating which means I'm not very likely to add another Amex card, but they do have a place in my wallet and my spend.

The card is my first Amex, from May 2014, and my third-oldest card overall. My AAoA won't change much either way, so not getting backdating in the future (and having my AAoOA fall) aren't really issues.

I know Senior Green doesn't have MR points, but does it get offers like Small Business Saturday as well as more regular offers like "spend $X at merchant Y, get $Z back"? My EDP has been nice, so far, in this respect. I intend to use EDP a lot for offers and everyday spend. If some of the EDP offers can be duplicated on the PRG, then keeping PRG would make more sense.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

rockyrock
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Re: Closing PRG?

Postby rockyrock » Sun May 10, 2015 9:31 am

I'm in a similar spot as you. I PC'd to PRG from Platinum last year and now can't see keeping it. I almost have to keep a charge account open though as Amex is my oldest account--now >10 years. I will most likely go back to Green to keep the account active. I place high value on MR but not high enough to pay $95 a year so it will probably be Senior Green. In truth it will help simplify my rewards portfolio.

My CSP AF just hit and I'm seriously considering closing it as well and focusing on CB. The UR program has worked out well for me over the past two years but again I may do better focusing on less reward programs.

In your case I would just close it. They will always welcome you back as long as you keep your credit in order. You have your bases covered with the EDP and CSP. The PRG is basically a trophy card ;)
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CarefulBuilder14
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Re: Closing PRG?

Postby CarefulBuilder14 » Sun May 10, 2015 6:15 pm

As far as the Platinum's $200 airfare credit - does the list of airlines you can pick from only include MR transfer partners? If it includes others, are there any major airlines absent from the list? I'm assuming PRG holders will pick from the same list as Platinum holders do.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

rockyrock
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Re: Closing PRG?

Postby rockyrock » Mon May 11, 2015 8:29 am

CarefulBuilder14 wrote:As far as the Platinum's $200 airfare credit - does the list of airlines you can pick from only include MR transfer partners? If it includes others, are there any major airlines absent from the list? I'm assuming PRG holders will pick from the same list as Platinum holders do.


The list is much more expansive than MR transfer partners, I used to use it for Hawaiian. I believe it covers most all major carriers as it is not a deal with the airline but with the consumer.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

takeshi
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Re: Closing PRG?

Postby takeshi » Mon May 11, 2015 8:32 am

CarefulBuilder14 wrote:As far as the Platinum's $200 airfare credit - does the list of airlines you can pick from only include MR transfer partners?

Nope. We used ours with United. I can't seem to view the list since we have already made our selection.

MemberSince99
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Re: Closing PRG?

Postby MemberSince99 » Mon May 11, 2015 12:58 pm

I'm not sure if you still get the offers if it's a Senior Green or not. I"ve never had that card.

It kinda does bring back memories. I remember when I got my first Amex it was a Green. I remember pulling it out of my wallet and looking at it and thinking wow this is an awesome achievement to have an Amex card (this is 1999).

Wasn't but a few years later I burned them and had no credit cards at all and remembered how I looked at my wallet full of credit cards and thought first what a fool I'd been and second how bittersweet it was.

Now I have a Platinum but you can be sure I never think what an achievement it is to have that - I just hope to hell I never end up back there!

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Re: Closing PRG?

Postby CarefulBuilder14 » Mon May 11, 2015 2:07 pm

Say I kept PRG for part of the second year, and then did one of:

A. PC to Platinum
B. Closed PRG and got a non-Amex travel perks card like Citi Prestige
C. Opened Platinum as a new account and then closed PRG

Under which of these cases might I get a partial AF refund?

There's a good chance that I'll be traveling for pleasure (family trip in Europe?) sometime this summer or fall - including flights where lounge access could be nice for connecting flights. Without knowing the specifics (airline or destination), I feel like I'd be participating in "airport lounge roulette".

I'll probably be flying alone, so having guest passes isn't a big deal.

Maybe I'll keep PRG as it is for now, so I can have the PC option and avoid having Platinum as a new account. Even if the trip doesn't happen, I can get close to breaking even on PRG.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

MemberSince99
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Re: Closing PRG?

Postby MemberSince99 » Mon May 11, 2015 3:26 pm

A. PC to Platinum
B. Closed PRG and got a non-Amex travel perks card like Citi Prestige
C. Opened Platinum as a new account and then closed PRG

A. Nope. Platinum is more so they would just bill you the pro-rated difference I can't see you getting a refund there.
B. Yep. They will probably refund the pro-rated remainder
C. Probably but the new Platinum fee will far outweigh whatever refund you receive.



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