Which should I go for?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Smart_Shopper
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Which should I go for?

Postby Smart_Shopper » Wed May 22, 2013 4:26 pm

I keep receiving offers from AmEx for the Gold and Green cards. The rewards do not look as great as the Blue. I use cc primarily for rewards and the blue appears to have better rewards for my daily use (gas, grocery).

I had a Blue many years ago that I closed it to decrease the number of credit cards I had. I had a ton of cards with 0 balances and decided to par down. I closed that account in good standing with no late/missed payments almost a decade ago. That account is still a positive tradeline on my CR.

Chances of getting a Blue card today ? I find it odd that I get an offer 2-3 times a month for the other cards and not blue. Am I overlooking any potential rewards with the Gold or Green?


pewpew
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Postby pewpew » Thu May 23, 2013 1:59 am

how do you spend, or plan to spend, in a typical year?
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.

MemberSince99
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Postby MemberSince99 » Thu May 23, 2013 6:42 am

The revolvers like Blue are thought to be more difficult to get approved for than the charge cards like Gold or Green, though as always it seems YMMV. So some people get say a green or gold and keep that for a year as a way to get into a blue, then cancel before the annual fee is due and the blue will be backdated.

Your credit may allow you to go right to blue, but we don't know what that is.

Smart_Shopper
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Postby Smart_Shopper » Thu May 23, 2013 2:58 pm

pewpew wrote:Your credit may allow you to go right to blue, but we don't know what that is.


Any idea if the Blue is easier if you were a previous AmEx Blue cardholder? Credit Score is in low-mid 700's (720-760 range).

During my college/early adult years I signed up for every credit card offer that offered a signup bonus, reward, or in-store perk. I was very responsible with usage - no maxed/over limit cards and no late payments. Usually paid off balances within a 3-6 mth time frame or less. When I decided to par down, I have about 15+ cards (2 Visa, 2 MC, Discover, AmEx Blue and varies store cards). I decided to to with the card I had opened first and the card with the best rewards. Both cards were also my highest limit cards. One had the lowest interest rate. AmEx had the next lowest, but the rewards weren't nearly as good so I closed it.

I have returned to work and recently gotten into the reward programs. Really wishing I had kept my AmEx Blue now!

MemberSince99
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Postby MemberSince99 » Thu May 23, 2013 7:16 pm

A positive history with Amex should for sure help.



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