Conundrum On Application - 2 Questions

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Wildcat_1
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Conundrum On Application - 2 Questions

Postby Wildcat_1 » Thu Aug 01, 2013 12:10 pm

Ok all so thanks to the great reviews and forum participants here I at least have a short list (ok to be honest it appears to be a list that is being added to daily ;) ):

AMEX BCP
AMEX SPG
AMEX PRG & PLAT (again if these two were combined would be awesome)
Chase Sapphire Preferred

These seem to fit the profile of spend, point wants and plans. Two problems, 1) AF's across all of these gets interesting :) and 2) as PRG & PLAT don't seem to have 'great' offers right now holding out for something better.

My questions therefore are:
1) Should I (would it be better to) apply for BCP, SPG and Sapphire Preferred now and apply later for PRG/PLAT or is it better to do all at once ?

2) I signed up for AMEX offers using their email link but have not seen any targeted offers, is there a better way to sign up or if I call in could they offer me something better than the public offer over the phone ?

Just trying to see if there is any conceivable way to get the appy's done at once (1 day) or if I should just wait and see if AMEX PRG & or PLAT comes in mail.

Thanks as always

WC


MemberSince99
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Postby MemberSince99 » Thu Aug 01, 2013 12:23 pm

If you are asking us if we think they might offer you something better over the phone I doubt any of us would know that, and it would be a lot more efficient to just call them and ask.

I'm not sure why you would want to combine PRG and Plat and BCP? There may be a very valid reason just not sure of what you are looking to do.

Personally I have combined Gold with CSP, BCP and now BSP. BCP is gas and groceries and department stores, BSP is for car rentals and if I ever fly again and hotels, CSP is travel and a good general purpose card for putting rent on since my apartment doesn't take Amex and there is a 7% back at the end of the year on your highest category which with the rent for me equals a nice windfall, and Gold is daily spending.

So you may have equally good reasons for the cards you want.

If you are asking about apping for multiple Amex cards at once or not, yes you can, within limits. They are grouped into categories with Amex - charge and revolvers. PRG and Plat are charge the others you want are revolvers. You can app for more than one at a time, of each type, until you get a decline, then you have to wait 30 days for other apps of that type of charge. So for example I app'd for Gold and was approved 5/19, then I applied for BCP 6/1 and was approved. Some may mistakenly tell you you have to wait 30 days between apps that isn't that always so as you can see. I say app for the ones you want go for the easiest card to get first then if you are declined after that, it's a soft pull.

Wildcat_1
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Postby Wildcat_1 » Thu Aug 01, 2013 2:46 pm

99

Thanks for your reply. Let me add some more context and try and clarify.

First, when I mentioned about calling my real question was is this even worthwhile, in other words if you don't have a targeted offer in hand are there times when AMEX Customer Service will give you a better deal than the public offer ? Just wondering whether worth my time.

With regards to the cards on the list, here were my thoughts:

BCP - Groceries (to the $6k) then use PRG for 2x on the remaining (spend up to $12k-$14k groceries annually)
CSP - Dining out, travel and the 7% dividend on points
PRG - Flights and daily spending
SPG - Extra bonus points on the Starwood program plus the plethora of transfer/redemption partners
PLAT - To upgrade the experiences paid for both with hard earned cash and the points/cash back from the other cards. In other words use the Fine Hotels or $200 Airline credit, companion pass etc

So that was my reasoning. Now with that said, today I have no affiliation with an airline or hotel chain but looking thinking that these cards and their transfer partners give me ultimate flexibility.

I also see these cards giving an opportunity (cash back and points) to get traveling again and enjoying some of the perks.

Now with that said, I am a realist and of course the AF's from the ones I list about are going to be high therefore must maximize every one to reap the rewards.

The other questions I had were really about in what order should you apply. The point I was making is that as the PRG & PLAT don't seem to be ground breaking offers right now would the recommendation be do BCP, CSP and maybe SPG now and wait for something better on the PRG/PLAT (whether its both or 1 or the other) or just call up take any offer and get going :)

I think someone else posted that it is harder getting approved for the revolver cards than the charge ones ?

Thanks again and hope that helps

MemberSince99
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Postby MemberSince99 » Thu Aug 01, 2013 3:51 pm

Sounds like you have great reasons for applying for what you want. I don't see holes in your logic.

As far as offers, I have absolutely no clue whatsoever if they would make you a better offer if you call in. I've never heard of it, but there honestly is only one way I know of to find out - do it. It will take you more time and effort to try to explain what you want via these posts and wait for people's best guesses and for those few people who maybe had that happen to read this and respond than to just call Amex yourself and find out. I personally don't have a better answer than that.

PRG currently has 25k points I believe. I haven't recently seen better on it. If you app for that then do that one first then a revolver or two since PRG is going to be easiest.

Beyond that I'm not sure it matters but I don't know your inquiries and all that and even if I did I could only speculate on well does Chase or does Amex have a harder time with inquiries because Chase may pull one or two where Amex will pull (99% likely) EX and Chase may pull TU and/or EX so I can't sit here and analyze which is worse. I'm not sure it really matters.

Don't overthink it but do go for say 2 Amex cards you want now, a charge to start then a revolver, same day, to try to get them in the same pull and Chase.

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Snowman
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Postby Snowman » Thu Aug 01, 2013 9:48 pm

Wildcat- Do you travel a lot? I ask because many of those cards have some pretty steep annual fees (especially PRG and Plat), but I think if your scores and income are good enough I think you have a good chance. I would take 99's advice and try for Chase and one revolver and one charge and see what happens. Good luck!
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.



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