Looking for next credit card with excellent benefits and lower annual fee

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5 posts
jumbogirl
 
Posts: 2
Joined: Tue Dec 30, 2014 11:25 pm
Location: Wellesley, MA

Looking for next credit card with excellent benefits and lower annual fee

Postby jumbogirl » Tue Dec 30, 2014 11:27 pm

Hello, just checked my credit report before applying for another card, here's a brief summary:

Inquiries
(EX) 1 inquiry previous 24 months
(EQ) 0 inquiry
(TU) 1 inquiry (4 days ago)

Installment/Student Loans/Other
None

Revolving
Amex Charge Card, opened 2003
Amex Costco, opened 2011 but on the credit report it shows 2003 (weird?)
BoA Amex, opened 2004
Chase British Air, opened 2011
Citi, opened 2004
Discover Escape, opened 2007
Santander, opened 2014

Actually, I'm thinking about closing my discover escape card as well as the Citi Thankyou Prestige card. Reasons: (1) I think I have too many cards in my wallet already ... it's hard to manage all these bills, due dates on top of all the matter I have to deal with everyday (2) Discover customer service is not very good, also don't like the way how they handled my disputes (3)

Want to get a card with excellent benefits with a relatively lower annual fee expense.

Thanks!


thom02099
Centurion Member
Centurion Member
 
Posts: 476
Joined: Sat Apr 13, 2013 7:49 pm
Location: Colorado, USA

Postby thom02099 » Wed Dec 31, 2014 10:14 am

jumbogirl wrote:
Want to get a card with excellent benefits with a relatively lower annual fee expense.

Thanks!


It would help to know what sort of benefits you're looking for; "benefits" is pretty generic. Travel? Cash rewards? Percentage rewards on purchases? Intangibles?

What are your FICO scores?

Your Costco card is "backdated" since it's an offering from AMEX. Your Member Since Date (MSD) will show the YEAR of your first AMEX card -- your charge card opened in 2003 (which charge card?). One of the benefits of AMEX cards, that backdating (a forums term-AMEX doesn't use that term) can help your AAofA.
Retired, and in the process of retiring cards!
EQ = 850 EX=849 TU = 850 as of 07/2017

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Wed Dec 31, 2014 8:30 pm

jumbogirl wrote:Want to get a card with excellent benefits with a relatively lower annual fee expense.

You need to qualify all of this. What do you consider excellent benefits? What's lacking with your current lineup? What dollar range are you looking for from the AF? I'd strongly suggest considering total cost/benefit versus just the AF on its own.

jumbogirl wrote:Amex Charge Card, opened 2003
Amex Costco, opened 2011 but on the credit report it shows 2003 (weird?)

That's backdating which many consider to be a plus for Centurion issued cards.

jumbogirl
 
Posts: 2
Joined: Tue Dec 30, 2014 11:25 pm
Location: Wellesley, MA

Postby jumbogirl » Wed Dec 31, 2014 9:21 pm

Backdating? Does that mean if I open another American Express card the "account opened date" would be the same as my first amex card, which is 2003? But why isn't my BoA Accolades backdating since it's also an Amex card ...

Annual fee <=500 preferably ... looking for travel benefits and shopping benefits as well, though I have no preference on having lounge access or not, therefore I'm planning to downgrade to platinum to save the annual fee expense, relatively bad investment.

Thanks very much for your precious time!

thom02099
Centurion Member
Centurion Member
 
Posts: 476
Joined: Sat Apr 13, 2013 7:49 pm
Location: Colorado, USA

Postby thom02099 » Thu Jan 01, 2015 9:33 am

jumbogirl wrote:[color="red"]Backdating? Does that mean if I open another American Express card the "account opened date" would be the same as my first amex card, which is 2003? [/color][color="deepskyblue"]But why isn't my BoA Accolades backdating since it's also an Amex card ...
[/color]
Annual fee <=500 preferably ... looking for travel benefits and shopping benefits as well, though I have no preference on having lounge access or not, therefore I'm planning to downgrade to platinum to save the annual fee expense, relatively bad investment.

Thanks very much for your precious time!


[color="red"]Yes. Backdating or MSD will be from the earliest card that AMEX issued, for which they have a record.[/color]

[color="deepskyblue"]Bank of America Accolades card is not an AMEX card. It is a BofA card that runs thru the AMEX network. More than a few issuers do that...Wells Fargo, for example, with their Propel cards. Since the cards are not ISSUED by AMEX, then the backdating/MSD doesn't apply[/color].
Retired, and in the process of retiring cards!
EQ = 850 EX=849 TU = 850 as of 07/2017



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