Canceling your AMEX

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Mar 04, 2013 1:34 pm

cashback wrote:Yes, but for me, there are better options available. If you max it out at 6K (no more no less), you get 4.75% cash back from BCP.


What options are you referring to? I think I'm missing something here.
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


cashback
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Posts: 793
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Location: NY

Postby cashback » Mon Mar 04, 2013 1:36 pm

FutureBillionaire wrote:What options are you referring to? I think I'm missing something here.


I think I was the only one on this board who got the Thank You Preferred promo with 5x points on gas, grocery and drug store. That is my better option. Even without that card, it would be better for me using the Sallie Mae card and PenFed because I only spend about $300 at the grocery store.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

AMEXPlatino86
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Location: New York, NY

Postby AMEXPlatino86 » Mon Mar 04, 2013 1:39 pm

FutureBillionaire wrote:My amex PRG is probably going to be cancelled. I can't justify the annual fee. I know folks like the purchase protection perk, but I never have issues with things like that. I'm not going to be buying anything big anytime soon, other than an engagement ring. I don't see the value in the PRG based on that fact and the fact that I don't run all of my spending through it.


So you don't take advantage of any of the other perks that come with it?
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Mar 04, 2013 1:53 pm

cashback wrote:I think I was the only one on this board who got the Thank You Preferred promo with 5x points on gas, grocery and drug store. That is my better option. Even without that card, it would be better for me using the Sallie Mae card and PenFed because I only spend about $300 at the grocery store.


I get gift cards at the grocery store to make sure I get the bang for the buck I need. That TYP offer you got was awesome. Did you get a mailer, or did you get it online?
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

FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Mar 04, 2013 1:54 pm

AMEXPlatino86 wrote:So you don't take advantage of any of the other perks that come with it?


I think you can get hotel credits and whatnot. I don't book travel with this card. The triple points on airlines are ok, but I don't find alot of value in the MR points. I'm much happier with UR points through the CSP.
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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Location: United States

Postby djrez4 » Mon Mar 04, 2013 2:13 pm

FutureBillionaire wrote:The triple points on airlines are ok, but I don't find alot of value in the MR points. I'm much happier with UR points through the CSP.


My reasoning as well, but I only had the regular Gold. I wasn't earning points very quickly and I'd rather put spend on a new card with a bonus. I have three other Amex cards if I need the purchase protection. Toss in the fact that my usual airline, United, only takes UR transfers.

If I wasn't churning, I'd carry a CSP, Freedom, and SPG and that would be it.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Mar 04, 2013 2:18 pm

djrez4 wrote:My reasoning as well, but I only had the regular Gold. I wasn't earning points very quickly and I'd rather put spend on a new card with a bonus. I have three other Amex cards if I need the purchase protection. Toss in the fact that my usual airline, United, only takes UR transfers.

If I wasn't churning, I'd carry a CSP, Freedom, and SPG and that would be it.


Ok, so all the other Amex cards get the purchase protection as well? That's good to know.

How quickly do folks earn points through the SPG?
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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Location: United States

Postby djrez4 » Mon Mar 04, 2013 3:38 pm

SPG points are slow-earning but have high value. I'll get 25k for the bonus, but everything else, even Starwood spend, is 1 point per dollar.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

cashback
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Location: NY

Postby cashback » Mon Mar 04, 2013 3:47 pm

FutureBillionaire wrote:I get gift cards at the grocery store to make sure I get the bang for the buck I need. That TYP offer you got was awesome. Did you get a mailer, or did you get it online?


It is a great promo. It was an online link that i saw on FatWallet.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Mar 04, 2013 4:45 pm

cashback wrote:It is a great promo. It was an online link that i saw on FatWallet.


If I see another offer for that, I'll jump all over it.
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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