Missed card opportunities?

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CarefulBuilder14
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Missed card opportunities?

Postby CarefulBuilder14 » Thu Oct 08, 2015 7:23 pm

What cards and/or terms/bonuses do people wish they had gotten before the card/offer became unavailable?

I wish I had gotten the Barclaycard US Airways card (now the Red Aviator) for the renewal miles.

I suspect some others may wish they had gotten:
Chase - 140k Ritz
Chase - 80k+$50+(randomly for some) automatic Spire status IHG
Barclaycard - The Wyndham promo version a few months ago
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card


CC Deville
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Re: Missed card opportunities?

Postby CC Deville » Thu Oct 08, 2015 7:32 pm

CarefulBuilder14 wrote:What cards and/or terms/bonuses do people wish they had gotten before the card/offer became unavailable?

I wish I had gotten the Barclaycard US Airways card (now the Red Aviator) for the renewal miles.

I suspect some others may wish they had gotten:
Chase - 140k Ritz
Chase - 80k+$50+(randomly for some) automatic Spire status IHG
Barclaycard - The Wyndham promo version a few months ago


DIner's Club. It is one of the few Chip + PIN primary cards available in the US and is a hidden trade line.

Kevin86475391
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Re: Missed card opportunities?

Postby Kevin86475391 » Thu Oct 08, 2015 8:40 pm

Eugh! I missed out on Discover's double cash back for a year because I thought it was only for new cardholders, but later found out (on this forum) that there was a brief window when existing members could have signed up. :mad:

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Re: Missed card opportunities?

Postby Vermonster » Fri Oct 09, 2015 7:43 pm

Cash+ 5% bill pay would have been nice when I was able to pay rent with a CC.

Also the old JP Morgan Select card, even though it is really just a CSP, and I never would have had a shot at it back then.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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CarefulBuilder14
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Re: Missed card opportunities?

Postby CarefulBuilder14 » Sat Oct 10, 2015 8:00 pm

The Zync also had (and still has) a cult following, although I think that's more out of novelty than any great value it offered.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Vermonster
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Re: Missed card opportunities?

Postby Vermonster » Sat Oct 10, 2015 9:27 pm

CarefulBuilder14 wrote:The Zync also had (and still has) a cult following, although I think that's more out of novelty than any great value it offered.


Zync was great for people with no chance of getting any other card. It started an account with amex so you could backdate later. Absolutely no value now.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

takeshi
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Re: Missed card opportunities?

Postby takeshi » Mon Oct 12, 2015 9:50 am

No specific cards but I wish I had joined NFCU back when my dad was a member or during one of their acquisitions. However, my lineup and credit have been just fine without them.

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Vattené
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Re: Missed card opportunities?

Postby Vattené » Mon Oct 12, 2015 2:11 pm

CarfulBuilder14 wrote:The Zync also had (and still has) a cult following, although I think that's more out of novelty than any great value it offered.

Vermonster wrote:Zync was great for people with no chance of getting any other card. It started an account with amex so you could backdate later. Absolutely no value now.

Can anyone explain just what all the appeal from the Zync was? I've heard quite a bit about it for a product that was discontinued before I even started paying attention to credit cards, but didn't know anything about it so I just thought I'd look into it a little. Am I correct it summarizing it as a charge card one tier below Green (lower AF but also lower rewards) with slightly looser underwriting criteria?

I wouldn't think Amex would really need a way to let people in the "club" that couldn't otherwise get a Green card (any charge card, for that matter, or the credit card that's rumored to be easiest to get - I think the Delta). Despite all the "exclusivity" marketing, it really isn't that hard to get in with Amex credit-wise. Loosen the criteria too much and you're getting into secured territory.

Is it just MF-types excited about "getting in" with Amex to start "building a relationship" when they should be focusing on bigger priorities?
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

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CarefulBuilder14
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Re: Missed card opportunities?

Postby CarefulBuilder14 » Mon Oct 12, 2015 3:08 pm

Vattené wrote:
CarfulBuilder14 wrote:The Zync also had (and still has) a cult following, although I think that's more out of novelty than any great value it offered.

Vermonster wrote:Zync was great for people with no chance of getting any other card. It started an account with amex so you could backdate later. Absolutely no value now.

Can anyone explain just what all the appeal from the Zync was? I've heard quite a bit about it for a product that was discontinued before I even started paying attention to credit cards, but didn't know anything about it so I just thought I'd look into it a little. Am I correct it summarizing it as a charge card one tier below Green (lower AF but also lower rewards) with slightly looser underwriting criteria?

I wouldn't think Amex would really need a way to let people in the "club" that couldn't otherwise get a Green card (any charge card, for that matter, or the credit card that's rumored to be easiest to get - I think the Delta). Despite all the "exclusivity" marketing, it really isn't that hard to get in with Amex credit-wise. Loosen the criteria too much and you're getting into secured territory.

Is it just MF-types excited about "getting in" with Amex to start "building a relationship" when they should be focusing on bigger priorities?

The Zync predates me, too, although I have the same understanding about the card. I'm not totally sure what earned it the "unicorn" nickname when so many cards get discontinued, but I guess it's because it was closed to new applicants while the other Amex charge cards hung around and remained popular cards.

Amex credit standards are definitely looser than they once were. I find it hilarious, though, that most of the complaints about the looser standards and diminished prestige are from people who wouldn't qualify under the looser standards - either due to having only a few months of history or having burned Amex in the past. It's pretty bizarre that some people want their cards to be exclusive, yet overlook the reality that they wouldn't qualify.

And Amex does have the prepaid Serve. I know some people like (or at least used to like) Serve for MS purposes.

Technically, a prepaid card is not the same as a secured card. I think it's fair to say, though, that Serve is intended to serve a similar purpose for subprime customers. So in that sense, Amex is already in the subprime market.

And I think the whole "build a relationship" idea is just an excuse for people to apply for cards they don't need and couldn't otherwise justify. Maybe opening a low-level US Bank card and later PCing it to a Cash+ is (or once was) an exception to this rule, but I doubt it.

And "getting in" with Amex in particular to backdate might not have helped much. When approvals were done by humans, a human would be able to see the limited payment history. When approvals are (now, mostly) done by computer, a computer algorithm would have to be pretty primitive to take Amex's reported (backdated) account open date at face value and not look at the length of payment history.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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Vattené
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Re: Missed card opportunities?

Postby Vattené » Mon Oct 12, 2015 3:53 pm

I had always seen the "unicorn" talk too, and without caring enough to look into it too closely just assumed it must have been an offering so good they had to discontinue it, leaving a few people lucky enough to get it when it was available. After looking it up now, though, I had to wonder if I was missing something. It didn't look like a terrible card by any means, but just another point in their charge card spectrum that didn't even earn full MR points.

It is quite amusing to witness the entitlement that comes from believing you deserve an "exclusive"card because, gosh darn it, you're trustworthy and Amex should be able to see that! Never mind you're 18 with little to no history or you had a BK two years ago and your score is still in the 500s. Shut up and take my money!

It's truly impressive how Amex has been able to brand these charge cards. They can provide great value to frequent air travelers plus there is a large group of people that want them solely as a status symbol. It certainly helps that they've been around for decades and they actually used to be harder to get, but still. Now, every bottom feeding lender slaps "platinum" on their secured, AF, near-usurious rate cards and Amex charge cards are still seen as elite - even to people that aren't credit card enthusiasts.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)



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