-Cross posted from the AMEX forum for fairness
Greetings everyone! I'm a new member and this will be my first post.
I wish I could cross post this to the Discover card section as well.
I'm currently debt free, rent, and have a single visa CC. It's nothing special. It was my first CC from my local bank with a $300 limit. I have always paid off my balances in full whenever I have charged anything to it each month. I've never been late. I am currently looking for a home and have been to my bank and been pre-approved for a loan. This was a couple of months ago. At that time my credit scores from the three reporting agencies were just over 710.
710-715. Since then I have paid off a $2,500 dollar bed I bought from Slumberland that they financed to me via Wells Fargo Financial. Never missed a payment or was late. I actually paid it off early I had until August before the 12/mo no finance charge was over. So I imagine this maybe raised my score even a smidge higher since the bank pulled my credit report scores. I mention this only for background so as to get the best advice from all of you. I try to be very responsible financially and never bite off more than I can chew. Having said that my question follows.
My current Visa card from my bank is very basic. No perks at all. No points, no rewards nothing. I have been kicking around the idea of getting a new card that works for me since I got one of those "you are pre-approved!" letters from AMEX qualifying for their Preferred gold card. I went to look at the benefits of that charge card. The things I liked were:
Car rental insurance when renting a car
No limits or expiration of points earned
Use the points to pay for airfare anytime and on any airline, no blackouts
Transfer the points to any frequent flier program I choose
24 road side assistance when traveling with a rental car
Baggage insurance for lost or stolen baggage, even if it is a low amount
I also really like the *option* to be able to pay larger charges such as vacations or large purchases over time. Lord knows my last vacation to Ireland in March it would have been nice to have been able to pay off the money I spent over time when I got home rather than use my debit card and come home to an empty account
And from what I have read AMEX has pretty good customer service however I am not a member yet so I take that with a grain of salt.
The things I like about the Discover Escape card over the AEPG are:
The unlimited double miles on all purchases
Four miles when I buy through their Discover shop
Primary car rental insurance as opposed to secondary
Higher lost or stolen baggage insurance allotment
The one thing that concerns me with Discover is the 2-cycle billing people have warned about
I will be getting married in December. We are flying into Halifax, NS to tie the knot and it has made me start thinking pretty hard about a card that will work FOR me as opposed to my no frills visa card. We plan to do more traveling once we are married. And I honestly cannot seem to decide between these two cards. So I wanted to solicit advice, albeit biased
, from here and see what folks had to say. I value all of your opinions. Thank you for taking the time to reply.