Going from the green to the gold

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Michael_S
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Going from the green to the gold

Postby Michael_S » Mon Oct 18, 2010 3:40 pm

Forum,

I have recently been able to obtain a green card from AMEX. I was thinking about applying for the gold card because every six months or so, i do fly from the west coast back to the east coast and rent a car while i am there. I understand that the gold would be better for this but my concerns are:

1. Will they do another credit check? I don't want to necessarily take another credit hit right now.

2. Would it be worth the $125 annual fee on this card to get the added benefits of the travel that i do? Its about 6000 miles for the total trip and i do that about twice a year. If i go with my fiance that is double. this may not be enough to justify getting the gold and therefore i would just stay with my green.


Smerri
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Postby Smerri » Mon Oct 18, 2010 10:42 pm

I recently went from a Green card to a Gold card. On my account they needed to do a credit inquiry (as if it was a new application) since I was an AmEx member for less than 13 months (they gave me some line about new banking/credit card laws) so I'm led to believe if you've been a member for more than 13 months you can upgrade but I am not sure on that regard.

If you are going for a Gold Card, I would recommend the Gold Card Premier Rewards Card which gives you 3x Points on Airfaire, 2x on Gas and Groceries, and 1 on everything else. This is $175 a year. For me, the 2x on gas is worth it and while I don't travel often, I think that 3x points on airfare will pay for itself awfully quickly.

Floppster
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Postby Floppster » Thu Oct 28, 2010 10:21 pm

Don't apply! Upgrade your existing card. Why have a green and a gold ? Just call and tell them you want to upgrade. It works both ways. You can up from green to gold and from gold to platinum. You can certainly downgrade as well. Once you have the card you can go either way.
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955


ryan6578
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Postby ryan6578 » Tue Nov 09, 2010 10:58 am

Floppster wrote:Don't apply! Upgrade your existing card. Why have a green and a gold ? Just call and tell them you want to upgrade. It works both ways. You can up from green to gold and from gold to platinum. You can certainly downgrade as well. Once you have the card you can go either way.


Good advice... I just got a green card about 3 months ago not knowing much about american express at all (I've been slowly rebuilding my credit for about 10 years now!!).

When would American Express actually consider my request to upgrade? Are there requirements (ie card holder for a year, etc)?

thanks!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Nov 10, 2010 1:24 am

When would American Express actually consider my request to upgrade? Are there requirements (ie card holder for a year, etc)?


You will know when it's time because Amex will start sending solicitations for you to upgrade to Gold. When I had a Gold after several months I started getting mailings to try and get me to upgrade to Platinum.

But if they don't send any solicitations I would give it 6 months or so. If you do an upgrade make sure they give you a bonus that is the same if you applied for a new Gold card.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

dk11
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Postby dk11 » Wed Nov 10, 2010 9:02 am

On a somewhat related topic, what credit score do you need now to obtain an AMEX green charge card, and is this the easiest AMEX card to be approved for?

rightmindedUSA
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Postby rightmindedUSA » Wed Nov 10, 2010 8:56 pm

The Gold is worth it if you travel a lot. I'm not fond of the Platinum as I feel it's overpriced but one redeeming benefit it has is the airport lounge.


Acquitted
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Postby Acquitted » Fri Dec 03, 2010 3:12 pm

My understanding is if you go from green to gold in less than 13 months, it requires another hard credit inquiry. After 13 months you can upgrade. As for credit required, there is no specific credit score needed. Amex looks at the report in its totality and makes a decision based upon many factors. I think Zync is easier to obtain than green.

jdauria
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Postby jdauria » Tue Mar 25, 2014 2:08 pm

bumping an old thread because I didnt want to start a new one with the same question. Just got green because I didn't think I would qualify for gold. I know green doesn't have many perks especially at $95/year. I hope after 13 months I can upgrade to gold preferred.

I have excellent credit, would I be crazy to try to upgrade to gold right now? (product change) I am new to Amex and didn't really know how much green would give me. Would it be wise to even apply for BCP as well?
[font=Times New Roman][size=80]American Express Green[color=green] [NPSL][/color]
American Express Blue Cash Preferred
Chase Freedom

Future:
American Express Premier Rewards Gold[/size][/font]

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Dr.Mark
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Postby Dr.Mark » Tue Mar 25, 2014 2:38 pm

jdauria wrote:bumping an old thread because I didnt want to start a new one with the same question. Just got green because I didn't think I would qualify for gold. I know green doesn't have many perks especially at $95/year. I hope after 13 months I can upgrade to gold preferred.

I have excellent credit, would I be crazy to try to upgrade to gold right now? (product change) I am new to Amex and didn't really know how much green would give me. Would it be wise to even apply for BCP as well?


Look. I can tell what my experience is. I got the Green AmEx in June 2013. I didn't apply for the gold for your same reason. I called them after, more or less, 3/4 months asking if I could upgrade to gold and at the beginning it seemed like a pretty much done deal. but they said they would call me back. They did. The girl I was speaking to said her manager didn't give the ok and so they couldn't do it. I called them again 2 weeks ago (after 9/10 months with the green card) and they told me I had to apply from the website. I did it and I got approved right away. After that I got approved for 2 more cards (CC this time) with them. So, I wouldn't do it now if I were you. I'd wait at least 6 months.
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]
[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]
[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]
[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]
[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]

TCL - [color=red]41200£[/color]



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