I want an AMEX card (but I don't need one)

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jrmsu
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Location: Mississippi

I want an AMEX card (but I don't need one)

Postby jrmsu » Sat Jun 07, 2014 9:51 pm

So, I have been considering applying for an AMEX. The problem is that I don't really need one. I don't want a charge card with an annual fee. The EveryDay and BCE don't have benefits that I want or my current cards do not cover already. I try to justify wanting one because:

1. The backdating might eventually come in handy.
2. The potential 61 day CLI seems appealing.
3. They look pretty...

Have y'all ever applied for a card you didn't need for "petty" reasons?
My Cards:

Discover It - $8,450 (9/13)
BankAmericard Cash Rewards Visa Signature - $5,000 (4/14)
Chase Freedom - $3,000 (5/14)
AMEX Hilton HHonors - $16,500 (6/14)



guinness8878
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Location: New Mexico

Postby guinness8878 » Sun Jun 08, 2014 12:01 am

Do you live near a Costco? My first Amex was the Costco True Earnings card, descent card with cashback as well.
Amex Platinum
Amex EDP
Amex PRG
Amex TrueEarnings
Chase Sapphire Preferred
Chase Southwest Premier
Chase Freedom
Chase Amazon Rewards
Barclaycard Arrival Plus
Discover It
Capital One Quicksilver

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Terry
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Postby Terry » Sun Jun 08, 2014 12:03 am

jrmsu wrote:So, I have been considering applying for an AMEX. The problem is that I don't really need one. I don't want a charge card with an annual fee. The EveryDay and BCE don't have benefits that I want or my current cards do not cover already. I try to justify wanting one because:

1. The backdating might eventually come in handy.
2. The potential 61 day CLI seems appealing.
3. They look pretty...

Have y'all ever applied for a card you didn't need for "petty" reasons?


Every credit card I have applied has met a specific financial goal. Even though some credit accounts can be tempting, getting the ones that serve a long term goal are the ones worth having.
AMEX Green Card - NPSL [Member Since 1995]
AMEX Everyday Card ($25,000)
Chase Visa Signature ($17,000)
Citi Visa Signature ($16,000)
Discover IT ($17,500)
Sam's Club MasterCard - ($20,000)
Wells Fargo Personal Line of Credit - ($15,000)

FICO's - 803 EX, 805 EQ, 799 TU [01/2017]

jrmsu
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Posts: 79
Joined: Sun May 04, 2014 9:53 am
Location: Mississippi

Postby jrmsu » Sun Jun 08, 2014 11:20 pm

guinness8878 wrote:Do you live near a Costco? My first Amex was the Costco True Earnings card, descent card with cashback as well.


The closest Costco is about 60 miles away.

Terry wrote:Every credit card I have applied has met a specific financial goal. Even though some credit accounts can be tempting, getting the ones that serve a long term goal are the ones worth having.


I can tell by your signature that you have your credit card strategy well planned out! I am going to stick with the cards I have right now until one that seems useful enough comes along.
My Cards:

Discover It - $8,450 (9/13)
BankAmericard Cash Rewards Visa Signature - $5,000 (4/14)
Chase Freedom - $3,000 (5/14)
AMEX Hilton HHonors - $16,500 (6/14)


MemberSince99
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Location: WI

Postby MemberSince99 » Mon Jun 09, 2014 9:23 am

Normally I would say go for an Amex and get it as soon as possible for backdating but since you really have no use for it, that would be pointless. I think not going for it is the right call in this case.

takeshi
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Postby takeshi » Mon Jun 09, 2014 12:32 pm

jrmsu wrote:Have y'all ever applied for a card you didn't need for "petty" reasons?

The main reason I have my TE is for backdating and because I already had a Costco membership anyway. I guess it also help keep utilization low -- especially after the recent CLI.



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