Should I use "the card" more?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Green Member
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Location: Dallas

Should I use "the card" more?

Postby gangof4 » Fri Jun 25, 2010 8:15 am

A few months ago I got the AmEx green card although recently I've gotten offers from AmEx for a gold card which they say is a firm offer (I read the offer several times.) I've been using the basic card for a few hundred dollars a month though if I use it for medications, groceries, and the more mundane purchases, I could easily increase the use to well over a twelve-to-fifteen hundred a month. My question is should I (i.e., what is the benefit in doing so?) I don't seem to be earning points. Also, I don't fly or use hotels much. In that case, is the gold card something someone in my situation should even be interested in?

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It sounds to me like...

Postby jeffysdad » Fri Jun 25, 2010 9:17 am

you're wasting money and giving up cashback/points opportunities elsewhere. The Amex cards generally are the most beneficial to people who travel a lot; this is particularly true at gold and plat. levels. If you don't use their travel benefits or their concierge-type services, you're paying (annual fee) for something you don't use.

I would go with a visa or amex that offers 1% or more cashback with no annual feel. There are a lot of them.

My main card is a Fidelity Amex, offered by FIA Card Services (Bank of America). It's only an Amex in the sense that it uses the Amex network. They pay 2% cashback to my IRA at Fidelity. Customer service is excellent (U.S. call center), and their website is among the best, IMO. FIA also offers a Schwab Visa with a similar arrangement.

If I traveled or had an otherwise more glamorous lifestyle (read more money), I probably would opt for an amex gold card or even a platinum. However, like for most people, I don't really think it's worth it for me.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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