Help on deciding on a AMEX charge card

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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KSquared
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Help on deciding on a AMEX charge card

Postby KSquared » Tue Aug 07, 2012 11:39 pm

Hi everyone- the past month or so I've been trying to figure out what AMEX charge card would be best to sign up for. Since I pay off my balances on the current cards I'd like to have a charge card to stay more honest on my spending/budget.

I'm a recent college graduate, have some student loans to pay for and have the following cards:
Visa Signature $12k current approved limit
Amex Blue Cash $2k
Citi Platinum Select $3k

I signed into my account and saw that I've been per approved for the Green card, ZYNC, PRG, and Platinum. I dont foresee myself traveling too much within this next year, but seeing that I may be changing jobs, I may in the future and I also plan to travel next summer.

Do you find it's best to take the offer for one of the higher cards now since I've read some things about the first year being waived then convert down if I don't end up using all the benefits to offset the cost? Opinions/advice are greatly appreciated. Thanks!


JayS10
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Postby JayS10 » Thu Aug 09, 2012 8:50 am

I'd go for either green or gold. I was pre-approved for green & gold but decided to go with green to get my foot in the door and was approved! Gold has some additional benefits I wish green carried but I'm planning to upgrade by next year.

good luck! post your results
CK

In the Wallet:
Amex Platinum - NPSL (daily)
Capital One Cash Rewards (Builder CC) - $500CL
Best Buy - $2000CL (Increased 9/2013)
Express - $250CL (Builder)

Goals:
700+ Credit Score Across the board
Chase Sapphire Preferred - $5000+ CL (Secondary)
Bestbuy - $5000+ CL

SignHere
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Postby SignHere » Thu Aug 09, 2012 11:29 am

KS, You have to ask yourself a couple questions before choosing. Do you primarily wish to use this card for most of your purchases? If, how much do you spend on groceries/gas? You mentioned you might be traveling more for fun/work. Do you plan on flying or driving? Was it the airport lounge access you were interested in with the Platinum? If you don’t plan on spending more than 30k per year on it, then PRG may not be beneficial enough (although there is a 25k bonus for spending 2k in 3 months which is a decent boost because you do not pay the annual fee for the first year). But, if you spend a significant amount in air travel (3x points) and gas and groceries (2x points) it could be worth it after your first year.

IMO, the Platinum (being a recent college grad myself) just did not make sense. The high annual fee and the fact you do not get the 3x on airfare and the 2x on groceries and gas made it seem pretty useless to me at this point. If you are interested in the lounge access with the idea of traveling in the future, you can purchase a Priority Pass membership for $99 and pay just $27 each time you actually use it (which you could order a couple weeks before you trip so it is not something you really have to do at this point or at all if travel plans never get made!)

In the end, I think you are best to at least go with the Green. I had the Zync, and while the annual fee is low, you only get MR express, which is different than standard MR (cannot convert points to miles with express). But, it was my first CC and a good foot in the door with AMEX. However, since the annual fee is waived anyway for the first year, why not go for the PRG and decide before you dues are up if it’s worth staying with PRG or dropping down to the Green.
Amex PR Gold - NPSL (Daily) [8/2012]
Amex Zync - NPSL (Ex-Daily) [10/2010]
Amex BCE - 19.2k [8/2012]
Chase Freedom Visa - 5k [8/2012]
PSECU Visa/PSL - 20k [9/2012]

Moneytalks
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Postby Moneytalks » Thu Aug 09, 2012 12:11 pm

Go for a Centurion...JK! (This is only meant to poke fun at FastSRT8 :)

Anyways, I would go for Gold, because I applied for the Green when I was a sophomore just to get in easier with Amex, but since you graduated and you're on your way, go for Gold. The annual fee is a little more, but it's worth it in my opinion. (PRG that is) You could go for platinum, try it out, and then downgrade after a year if you feel the services are not worth it for you. Just my two cents.
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

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djrez4
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Postby djrez4 » Thu Aug 09, 2012 12:24 pm

I went Gold and wish I went PRG.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

m20e3087
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Postby m20e3087 » Thu Aug 09, 2012 12:31 pm

How long have you been with AMX? I would go for PRG..
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

nedyah700
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Postby nedyah700 » Thu Aug 09, 2012 3:04 pm

Platinum all the way.

FutureBillionaire
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Postby FutureBillionaire » Thu Aug 09, 2012 4:25 pm

djrez4 wrote:I went Gold and wish I went PRG.


I was able to upgrade pretty quickly. Have you asked?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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djrez4
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Postby djrez4 » Thu Aug 09, 2012 4:28 pm

FutureBillionaire wrote:I was able to upgrade pretty quickly. Have you asked?


I did ask. They told me that the CARD act prevents them from increasing an annual fee within the first 13 months of membership. Suggestions for getting around that? I want those bonus MR points.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

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djrez4
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Postby djrez4 » Thu Aug 09, 2012 5:05 pm

djrez4 wrote:I did ask. They told me that the CARD act prevents them from increasing an annual fee within the first 13 months of membership. Suggestions for getting around that? I want those bonus MR points.


Research has revealed the following:

You can upgrade from Green to Gold without waiting 13 months because the base fee of the Gold is actually $85 (less than the Green), but with a $40 addition for something or other.

Any other upgrade requires the 13 month wait. Does that explain how you upgraded immediately?
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]



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