New PR Gold Member - Advice Needed

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
10 posts
KansGold
 
Posts: 2
Joined: Tue Nov 15, 2011 10:27 pm
Location: New England

New PR Gold Member - Advice Needed

Postby KansGold » Tue Nov 15, 2011 10:40 pm

Hey All!

First post, and first time - very informative site. So, I'll start off with some quick BG demographic info so you guys can judge some responses.

25 Yr Old / 85-95k Annual Salary - I applied for Premier Rewards Gold Card and was approved instantly online. My card is due to arrive later this week.

Now, I was very pleased considering the fact that adding up Luxury Spending / Monthly Bills would get me at a minimum of 2k/mo on the AMEX PR-Gold.

So, Come to find out, a few of the places where I am spending close to $500-$1,000 of my expenses per month do not accept AMEX. BUMMER.

Now, in turn, I am probably going to be starting out with a base minimum of $500 on the card monthly, but it will realistically be more like $1200-$1500 with Gas/Groceries/Shopping/etc.

My question: Is the AMEX PR-Gold WORTH it if I am only dropping $1200-$1500 a Month on the card?

My Lifestyle: I am a consultant, and am on the road ALOT of work - not by air - mostly by vehicle. Gas/Mileage Expenses add up each month. I also probably spend about $300 in food per month minimum. In my off/vacation time - I DO like to travel (main reason which spiked my interest in the PR-Gold)

I am interested in the rewards, and want to get as much of my expenses as possible on the AMEX, I also am influenced by the prestige of american express :P

thanks for listening, and appreciate any feedback.


Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sat Nov 19, 2011 12:26 am

I see 1200-1500 for gas/groceries/shopping assuming you are going to gas stations like Exxon Mobil, Sunoco, Getty, Citgo you shouldn't be having problems with your card. For groceries, places like Shoprite, King Kullen, Pathmark if these are the stores you mean, again there shouldn't be a problem with using your card.

If you mean certain bagel shops, convenience stores, these types of small businessrd you may have a problem using your Gold card. I think you should KEEP the card, unless while traveling on the road you mainly go to pizza places, small business likes delis etc. if your card isn't being accepted in 30% or more of the places you go. but if your card is being accepted in at least 70% of the places I would keep your card.

4Runner
Centurion Member
Centurion Member
 
Posts: 148
Joined: Tue Aug 16, 2011 7:33 pm
Location: Pleasanton, CA

Postby 4Runner » Wed Nov 23, 2011 1:45 am

Spending that money every month, you might be getting like 1750 to 2000 MRP, at the beginning that might not be enough, but it add ups and soon enough you will have some good points to spend.

Also, you will find that you are going to start paying more and more with your card, and for sure you will be spending more than 1.5K per month on it.

GPR card is quite good, I put on it close to 5K every month and the points that i am getting are growing pretty good.

sticf
Centurion Member
Centurion Member
 
Posts: 132
Joined: Mon Jul 18, 2011 10:08 pm
Location: Houston

Postby sticf » Wed Nov 23, 2011 5:56 am

Is the first year free? I would "test drive" it for a few months. You might find alternative places that will accept Amex and end up putting more than you imagine on the card. After 3-6 months you should be able to gauge if the rewards are worth the annual fee. If it does work then you are on all set. If it is not going to work out then you have some decisions to make. If you do not like it, I would take the points and get the "best deal that you will use", and move to another card.

Hope it helps.

User avatar
Pete838
Centurion Member
Centurion Member
 
Posts: 197
Joined: Sun Dec 12, 2010 11:26 am
Location: Florida

Postby Pete838 » Wed Nov 23, 2011 9:16 am

I try to put as much spend as I can on my AMEX charge card for the MR points, but the reality is that not everyone accepts AMEX. Keep a backup rewards card (Visa/MC) like the Chase Sapphire for those cases and don't give it too much more thought.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

4Runner
Centurion Member
Centurion Member
 
Posts: 148
Joined: Tue Aug 16, 2011 7:33 pm
Location: Pleasanton, CA

Postby 4Runner » Wed Nov 23, 2011 11:22 am

Pete838, may i ask where do you live? I find hard to think that there are not too many places that accepts the card. I mean, I live in an small city in CA, no more than 60K people, and even the most simple business out there take AMEX.

I know that not every business will take it, but I expect that in other countries, but not in the US.

User avatar
Pete838
Centurion Member
Centurion Member
 
Posts: 197
Joined: Sun Dec 12, 2010 11:26 am
Location: Florida

Postby Pete838 » Wed Nov 23, 2011 6:00 pm

4Runner wrote:Pete838, may i ask where do you live? I find hard to think that there are not too many places that accepts the card. I mean, I live in an small city in CA, no more than 60K people, and even the most simple business out there take AMEX.

I know that not every business will take it, but I expect that in other countries, but not in the US.

I live in Central Florida. AMEX acceptance is probably around 80-90%, but there are still a lot of places that don't accept it. A few that come to mind:
-My auto insurance company, State Farm
-Many local restaurants and pubs
-Sam's Club
-Racetrack and Murphy's gas stations, and a couple of other independent filling stations
-Aldi and Sav-a-lot food stores (both 'no-frills' grocery stores)
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

DoingHomework
Centurion Member
Centurion Member
 
Posts: 707
Joined: Tue Sep 22, 2009 1:15 pm
Location: Arizona

Postby DoingHomework » Thu Nov 24, 2011 1:32 pm

You could make a similar list for visa and mastercard.

I almost never have trouble with acceptance of amex. Sure there are a few places that don't take it but not that many.

KansGold
 
Posts: 2
Joined: Tue Nov 15, 2011 10:27 pm
Location: New England

Postby KansGold » Thu Nov 24, 2011 8:44 pm

Hey Guys!

thanks for all the responses. I've had the card about two weeks so far, and am finding more and more to throw it. However - I am finding a trend with a lot of places that don't accept AMEX for the measly things... i.e - $100/mo on dry cleaning, $500/mo personal trainer, etc!!

I am on point with the $1200-$1500 a month, and most likely will figure that any large purchases i make in the future will most definitely be with my AMEX.

My Car Insurance company doesn't take AMEX either!! (Progressive) which sucks as well, considering my premium with them.

Oh well, Most likely if the card will pay for itself each year (which I am sure it will) I have no gripes using it - as opposed to just throwing everything on my debit card with no rewards whatsoever!

User avatar
Pete838
Centurion Member
Centurion Member
 
Posts: 197
Joined: Sun Dec 12, 2010 11:26 am
Location: Florida

Postby Pete838 » Fri Nov 25, 2011 4:28 pm

Pay your personal trainer with Paypal or kindly suggest he start accepting your preferred method of payment. If he's smart he'll see things your way. Hundreds of dollars a month from one client is a great motivator.
You probably won't have much luck with the dry cleaner. If it's anything like most of the places around here it's probably a small business owned by an Asian family, and I rarely encounter an Asian owned small business that accepts AMEX.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 1 guest