AmEx Premier Rewards Gold Card vs Chase Sapphire Preferred?

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LtCheese
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AmEx Premier Rewards Gold Card vs Chase Sapphire Preferred?

Postby LtCheese » Wed Sep 18, 2013 12:38 pm

So I just got a letter in the mail about the Amex Premier Rewards Gold Card. I know it is a solid travel card, but I'm not a huge spender. I have been working to build my credit in the goal of getting a Chase Sapphire Preferred soon. I was wondering which would be the better choice in terms of rewards.

I already have a Freedom so my logic is that I could pool the points together as opposed to having two separate balances.

Does anyone have any insight about this issue?



willgatlin25
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Postby willgatlin25 » Sat Sep 21, 2013 2:16 pm

I just got the Freedom Card, they dogged me a bit on a good CL, but my credit isn't beautiful either so it's not their fault. I've heard the Sapphire Preferred sucks, at least after reading a lot of reviews. Unless you're a heavy traveler then it's kinda useless, and the design of the card is annoying, being a vertical design. I've also been told by Chase that the Sapphire and Freedom do not and will not combine, so you'd always be carrying two different accounts with Chase, which is just annoying. Points between accounts with Chase, do not combine.
I've wanted an Amex for a long time, but my credit isn't good enough for the elite like yourself lol. I'd go with the Amex and expand your credit horizons.

LtCheese
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Postby LtCheese » Sat Sep 21, 2013 5:17 pm

willgatlin25 wrote:I've also been told by Chase that the Sapphire and Freedom do not and will not combine, so you'd always be carrying two different accounts with Chase, which is just annoying. Points between accounts with Chase, do not combine.


I have never heard this. It has always been my understanding that UR points transfer between accounts. I may be mistaken but this is the first time I have ever heard anything to the contrary.

Robrus1
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Postby Robrus1 » Sat Sep 21, 2013 5:34 pm

LtCheese wrote:I have never heard this. It has always been my understanding that UR points transfer between accounts. I may be mistaken but this is the first time I have ever heard anything to the contrary.


You've never heard that because it isn't exactly true. It's not a vertically designed card either. It's a great card, great customer service, yes it's geared toward travelers, but it also has 2X points on dining. Do you travel? What categories are your biggest expenses? You need to go with what works best for you, and that depends on what your spending goes toward. I don't know of anyone, this forum included, who would say that the Chase Sapphire Preferred, "sucks." Chase Freedom is a cash back card, Sapphire is not, it's a points card. I had the Premier Rewards Gold Card for a while and it's a good card. I have found the Blue Cash Preferred to be more profitable to me for my gas/grocery spending and Platinum more beneficial for travel, so I don't have it anymore.

They are both good cards all in all but the annual fee is considerably lower on the Sapphire, so it's something to consider. Freedom and Sapphire will be two different credit card accounts because they are two different cards, just like it would be anywhere else. You'd have one rewards card and one cash back card.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

LtCheese
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Postby LtCheese » Sat Sep 21, 2013 5:40 pm

I'm not a big traveller at the moment since I am still in school. I do plan on travelling more once I graduate, but the double points on dining is something that attracted me now. I figured that since I already have a Freedom, it might be a good play to use them both to maximize rewards.

I doubt that I will be able to get a CSP right now since none of my cards have a particularly high limit and I have heard that Chase is somewhat picky about that.

Robrus1
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Postby Robrus1 » Sat Sep 21, 2013 6:04 pm

LtCheese wrote:I'm not a big traveller at the moment since I am still in school. I do plan on travelling more once I graduate, but the double points on dining is something that attracted me now. I figured that since I already have a Freedom, it might be a good play to use them both to maximize rewards.

I doubt that I will be able to get a CSP right now since none of my cards have a particularly high limit and I have heard that Chase is somewhat picky about that.


How long have you had the Freedom, what is your current limit, and have you ever paid them late?
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

LtCheese
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Postby LtCheese » Sat Sep 21, 2013 6:34 pm

Robrus1 wrote:How long have you had the Freedom, what is your current limit, and have you ever paid them late?


I only have 3 cards on my record

Macy's Store (employee) 1.5k open for a year and a half
Citi Diamond Preferred 1k open for about 8 months
Freedom 1.2k open for about 4 months

I've never paid late on anything but I think that my lack of history hurts. I hit 720 on my Eq recently

DavidNY
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Postby DavidNY » Sat Sep 21, 2013 7:48 pm

LtCheese wrote:
I hit 720 on my Eq recently


Nice. Keep at it and the number will keep rising.

Robrus1
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Postby Robrus1 » Sat Sep 21, 2013 7:52 pm

LtCheese wrote:I only have 3 cards on my record

Macy's Store (employee) 1.5k open for a year and a half
Citi Diamond Preferred 1k open for about 8 months
Freedom 1.2k open for about 4 months

I've never paid late on anything but I think that my lack of history hurts. I hit 720 on my Eq recently


Well, personally, out of the two cards if I was you I would go with the Sapphire because the dining is something you think you'd use, the lower annual fee, better signup bonus, better customer service, and wider acceptance. Keep in mind that the minimum credit line issued on that card is 5K, so you need decent income to get it. I'd give it some time to let your relationship build with Chase. Personally, I'd wait until I had a year of history with them. Others' opinions may vary, but I like to play it safe. On the flip side, the AmEx PRG is probably an easier card to get, so you might be able to go for it sooner, but unless your income is high enough to make up that annual fee, I don't see the point. If you're wanting to get your foot in the door with AmEx and your income is low from working part time while going to school, Green would be your best bet since it has the lowest annual fee of the charge cards. You can always switch it to a PRG later.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

whit
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Postby whit » Sat Sep 21, 2013 8:11 pm

- you can transfer points from freedom to sapphire preferred and vice versa

- sapphire preferred is not vertical but horizontal design, the only thing that is different about it is the material it's made of, metal like rather then plastic

- points is the same as % cash back, I've seen lots of people do the bonus of 40,000 points so they can get $400 and then close the card before the year is up (let's see how long chase will take this type of abuse)

- the points earned there is pretty fast, I've seen someone earn over 120,000 points within the first three months, of course, that's including the intro of 40,000 bonus points. That's equate to $1200 dollars cash. on ultimate rewards if you book travel you get 20% off with the points so more bang for your buck.

Robrus1 wrote:You've never heard that because it isn't exactly true. It's not a vertically designed card either. It's a great card, great customer service, yes it's geared toward travelers, but it also has 2X points on dining. Do you travel? What categories are your biggest expenses? You need to go with what works best for you, and that depends on what your spending goes toward. I don't know of anyone, this forum included, who would say that the Chase Sapphire Preferred, "sucks." Chase Freedom is a cash back card, Sapphire is not, it's a points card. I had the Premier Rewards Gold Card for a while and it's a good card. I have found the Blue Cash Preferred to be more profitable to me for my gas/grocery spending and Platinum more beneficial for travel, so I don't have it anymore.

They are both good cards all in all but the annual fee is considerably lower on the Sapphire, so it's something to consider. Freedom and Sapphire will be two different credit card accounts because they are two different cards, just like it would be anywhere else. You'd have one rewards card and one cash back card.



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