- Platinum Member
- Posts: 93
- Joined: Sat Jan 21, 2012 1:43 am
- Location: Seattle/WA
As far as Amex goes, your best bet is to apply for one of their top-end credit cards: either Blue Cash Everyday/Preferred or Blue Sky (Preferred or no). If you aren't familiar with these cards, check them out on the Amex website. We can answer any questions you have. You will have to apply with a pull to your credit report; they will not let you do a product change from a charge card to a credit card. However, the credit card will be backdated to the date on that Gold card (or your first Amex). You can then cancel the Gold after you've gotten the approval.
I don't know what the deal is with the rewards points. Is there no way you can cash out, i.e., redeem for statement credit / gift certificate / whatever? Maybe you can call the number on the back of your card and find out how long you have to use them if you cancel.
I hear few positive comments when it comes to Capital One. With any other company, I would ask to product change, and I would use the card. Their Quicksilver card looks solid. I would not get a new account with that company.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)