- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
Here is the repeat of the post last time you said charge cards being harder than credit cards to get from AMEX. Some of your facts are incorrect (check capital one's website for example) and while your logic is sound, you are missing the point that there is no interest on charge cards because you aren't allowed to keep a balance. Stop buying into AMEX marketing BS. In any case, here was my previous post:
Evidence shows that Amex charge cards have lower credit standards than their credit cards. In fact, many believe that green, gold, plat credit standards are exactly the same. If you can get one, you can get them all. The zync is even easier to get. While I follow your reasoning on why you think Amex, in your words, preminium, cards are harder to get because there is no interest, you are missing the point. Amex preminium cards are charge cards (ie pay in full every month) which is why there is no interest. The risk is lower to Amex as you have no running balance and therefore easier to get. Amex cares most about their risk. The preminium stuff is just buying into their marketing. Do a search on web on which is easier to get, Amex charge cards or credit cards.
Your reasoning around interest rates is uses incorrect facts. A credit card will have range of interest rates it charges and your credit score will determine what interest rate you pay in that range. First off, cap one venture blue has higher interst rate than cap one gold ventureone card which is opposite of what you said. why? Because its rewards are better. That is pretty typical of card issuers. Better rewards = higher interest. Both cap one cards are equally hard to get. As for your chase sapphire vs sapphire preferred, sapphire preferred is higher to get mainly around the fact that it doesnt grant small credit lines. However, the interest rates on both cards are exactly the same for given credit. Chase decided not to charge preminium for the extra points given for sapphire preferred although I guess the af might make up for that.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k