American Express Tips?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Philosophuer
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American Express Tips?

Postby Philosophuer » Sat Mar 31, 2012 8:30 am

Im new to the AMEX family, I have the Blue Cash Pref. and the Gold Premier. My question is, what tips does anyone have to help me maximize on the member points? What are the best services they offer on the Gold? Is it worth upgrading to platinum in 11 months? Note: I only travel 1 time a year.


UPS Gregg
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Postby UPS Gregg » Sat Mar 31, 2012 10:25 am

Philosophuer wrote:Im new to the AMEX family, I have the Blue Cash Pref. and the Gold Premier. My question is, what tips does anyone have to help me maximize on the member points? What are the best services they offer on the Gold? Is it worth upgrading to platinum in 11 months? Note: I only travel 1 time a year.


Cancel the ones with annual fees. They are not worth it. The Platinum is only worth it if you travel A LOT and if you really use each and every benefit. The PR Gold, Gold, and so on have people paying fees that don't really amount to nothing more than membership fees, while the member ends up with nothing to show for it.

We've all been suckered in with the promise of benefits and protections but none of them are practical for the price. Many get some sort of satisfaction by pulling an Amex out of their wallet at the checkout line but after doing plenty of research on my so called "benefits" I decided I was getting ripped off and got ten times the satisfaction from cancelling my annual fee cards that I ever got from people seeing my PR Gold card.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

Philosophuer
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Location: New jersey

Postby Philosophuer » Sat Mar 31, 2012 2:27 pm

Great insight , maybe ur right, it might just be an ego thing.

UPS Gregg
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Postby UPS Gregg » Sat Mar 31, 2012 3:48 pm

Philosophuer wrote:Great insight , maybe ur right, it might just be a ego thing.


Yep! When you take away the "prestige" and don't worry about what people think about you at the checkout counter, a card is just a card. A couple of the travel cards can be of use but only if you travel a lot. Like I said before.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

eastoftheboston
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Postby eastoftheboston » Sat Mar 31, 2012 4:19 pm

If you travel a lot, the platinum will more than pay for itself, free Global Entry to get you through immigration and customs faster, free worldwide lounge access, free upgrades on cruises, $200 in airline fees refunded to you, automatic starwood gold, avis preferred, and national Emerald Club status, etc. Yes, it's $450, but considering airline lounges are $50 each time you use one, it adds up quickly.

The PR Gold, at least for the first year, is no annual fee. $175 annual fee is pretty steep on that one, but if you're buying the right things on it, like I buy a lot of plane tix and those you get triple points on, you'll more than make up for that fee. But again, if you're not traveling, I agree, it's a steep price to pay for a card.

Philosophuer
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Postby Philosophuer » Sat Mar 31, 2012 11:53 pm

I guess I'm going to have to start buying all of my friends and families plane tix for what they travel

Money card
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Location: New York state

Postby Money card » Sun Apr 01, 2012 12:28 am

As far as the Blue Cash Preferred I believe you get 6% back on grocery stores 3% on gas stations and 2% back on department stores.

Self explanatory I will help you. Walmart and Target are not grocery stores, since you live somewhat near me these are the stores that American Express categorizes as grocery Shop Rite, A&P, Pathmark so whatever you buy, magazines, food, wipes. It doesn't have to be burgers, soda, apple juice, milk, or eggs. Just anything you buy in a grocery store like Shoprite, Pathmark etc.

Gas I think has to be stand alone stations. In other words I don't think you get 3% back at Costco. It's suppose to be stations like Exxon/Mobil, Shell, Sunoco, Getty, BP, Hess, Citgo etc. However if you're down south and you go to station that's a 7-11 or Arbys, Subway I'm not sure if this counts I would call the number on the back of your Preferred card and ask them this question.

Department store are not Walmart or Target. However Kohls, Macy's, JCPenneys, Saks 5th Avenue, Nordstroms are department stores. Whatever you buy or if you want to get something in their cafe, it's all under department store. It doesn't have to be cologne, jewelry or cosmetics. You can go to Macys and buy wallets, belts, pants and they would qualify for 2% cash back on your credit card.

Best service for the Premier Rewards Gold Card would be the airline tickets, but you said you only travel once a year. Another great benefit is if you go to a lot of rock concerts, Broadway shows, where you need to get tickets before they go on sale to the public, Gold Card events can help with some.

If you don't use any of these perks I would suggest the Green card. The annual fee is 95.00 not great but a savings of 80.00 a year vs the Gold Premier Rewards. Since the first year is free stay with the Gold, after the year if you don't have a need for a lot of shows and concerts and since you don't travel on business, I would just get the green card.

craigm1
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Postby craigm1 » Sun Apr 01, 2012 7:56 am

I have the original Amex cash back 5% drugstore, 5% gas, 5% supermarket no annual fee you get a lower tier on the first $6500 last year I spent almost 60k on it last year. I average almost $100 a month cash back I now have $1600 cash back saved up. Would it be cool to pull out a gold or platinum card, Yes I had the platinum when I was 24 and made a 10th of what I make now, really don't care who I impress. The owners of my Brokerage firm have the black card and say you need a ton of membership reward points to buy anything. Be more concerned with the rewards for yourself. With gas prices on Super hitting almost $4 bucks it helps the sting at the pump.

Craig
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

Money card
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Postby Money card » Sun Apr 01, 2012 1:08 pm

Does your brokerage firm travel? do you travel on business?

Philosophuer
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Postby Philosophuer » Sun Apr 01, 2012 7:27 pm

Great info, making me second guess my decision. I also heard of u call to cancel, they will waive the fee for another year



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