Which AMEX to get?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Ronisonce
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Which AMEX to get?

Postby Ronisonce » Mon Nov 04, 2013 4:30 pm

Was thinking of getting an AMEX card but unsure of which one to get.. I've tried comparing online but it seems like they are all generally similar. Currently I have, Discover IT, Chase Freedom, 2 Bank of America Rewards Visas... Not sure whether I want an AMEX or the new Quicksilver by Capitol One... Any suggestions would help! Credit Score is in the upper 700's. Last I checked it was 770. Never missed a payment, or late. Generally pay credit card in full every month.


Midori
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Postby Midori » Mon Nov 04, 2013 5:30 pm

I picked up the BlueSky because it had a 30k bonus offer attached to it. It's a no-AF 1.33% card. I would have gone for the Blue Cash Everyday (no annual fee, 3% groceries, 2% gas) if I didn't have to travel 45 minutes to get to a grocery store that takes AmEx.

If you do hefty traveling, or do certain things that make the fees/perks/etc worth it, you might look into one of their more significant cards.

I do want to pick up the (free) version of the 1.5% Quicksilver. I have a CapOne platinum that's getting transitioned into the AF-version. Not waiting a year to get the .5% bonus is an improvement.

CC Deville
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Postby CC Deville » Mon Nov 04, 2013 5:38 pm

Well you have to decide what kind of rewards you are looking for. It sounds like you already have several cash back cards (and are interested in the CapOne Quicksilver). So based on that I'd say you are after Blue Cash Everyday. Or if you don't mind the annual fee (and can make it up with the extra cash back %) than you could look at the Blue Cash Preferred.

At some point though, having too many cards with the same rewards lessens the amount you can earn, i.e. if you are using Freedom more than your IT isn't being used as much etc etc.

I have way too many cash back cards myself; BofA Cash Rewards is my go to card, but I have Chase Freedom, Discover More, BofA Accelerated Cash Rewards, Citibank Dividend and even a local bank that gives 1% cash back. The only ones with any real redeemable cash are my Freedom and Cash Rewards. The others rarely get used.

I have two American Express cards; Zync and Blue. The only real reason I have either is for the backdating to 1999. I just don't currently find any of Amex's rewards beneficial for how I spend.

So think about what kind of rewards you want. If you want cash back, then go for one of the Blue cards. If you want airline miles than Delta SkyMiles. If you are looking for points that can be used for lots of different things and you don't mind annual fees/paying in full than the PRG card is good.

As always, you should only apply for credit when you need it.

tvirk888
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Postby tvirk888 » Mon Nov 04, 2013 6:50 pm

I would go for the Blue Cash Everyday.
Amex BCE - $20K (11/2014)
Amex Everyday - $20K (04/2015)
Amex Business Gold - NPSL (09/2013)
Bank Of America Cash Rewards - $5K (11/2014)
Chase Freedom - $11,700 (10/2013)
Chase Sapphire Preferred - $18K (11/2014)
Citi Thank You Preferred - $10K (11/2014)
U.S. Bank Cash+ - $5K (03/2015)
Wells Fargo Platinum Rewards - $4700 (05/2009)

DavidNY
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Postby DavidNY » Tue Nov 05, 2013 10:57 am

Fidelity Amex gives 2% cash back on everything with no AF.

Ronisonce
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Postby Ronisonce » Tue Nov 05, 2013 6:47 pm

Thanks for the help/suggestions on which card.. After reading through, and then reading through again I caught 1 sentence that made me rethink even applying for another card.. "Remember, only apply for credit when you need it"...This is a cardinal rule that I was simply ignoring. I don't need any more credit, I have plenty of rewards cards... There really isn't a reason for me to waste an inquiry right now. Thank you for waking me up :0

MemberSince99
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Postby MemberSince99 » Tue Nov 05, 2013 7:08 pm

Don't apply even then - it will knock you out of the garden and lose you your spade and may require the intervention of the ERT (Emergency Response Team). Besides that you only get so many inquiries in life, just like a cat only has 9 lives, so use them sparingly, best to never use one if you don't have to.

Just kidding. Seriously, when you don't "need" it is the right time to apply for credit because you'll probably get it and you don't want to have to apply when you "need" it. Who wants to loan to someone who "needs" it? That's risky. Banks much prefer someone who DOESN'T need it. Those people have a better track record of paying them back.

So don't let that sway you if you want an Amex get a "real" Amex. Remember they backdate so if you get another card with them later you boost your AAoA. Something to consider, but your score is already high, so at this point it's just for ego boosting.

TheLethargicAge
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Postby TheLethargicAge » Tue Nov 05, 2013 7:44 pm

Blue Cash Preferred. 6% on groceries. Let's go!
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

Ronisonce
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Postby Ronisonce » Wed Nov 06, 2013 5:37 pm

Member, you're a funny guy... Funny thing is, it really is for ego boosting. I want to get my credit score over 800 somehow. Not that it matters, but just a personal goal. Maybe I should app since I don't really "need" the credit, as you said they would most likely approve someone who doesn't need it rather then someone who does.



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