- Centurion Member
- Posts: 3930
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Today I got 'invitations to apply' for the Amex Platinum and Capital One Quicksilver in the mail. Previously, I had been getting the same for the Amex PRG (which I now use) and the Capital One Platinum.
I don't really travel enough to justify the PRG AF, let alone the Amex Platinum, so that will have to wait for another time. And as I've been using the card for a lot of little purchases and paying regularly, it makes some sense they they'd at least try to up-sell me.
What I found more interesting is that CO is improving their offer right after I got a CLI (EX and TU pulls) on my Chase Freedom. Or maybe this was the first time they saw in a soft pull that I had gotten an Amex.
I've never been a customer with CO in any way and only got my first credit of any kind in November 2013.
I read many people stay loyal customers and regularly use their CO Platinum for years and never get a CLI or rewards program, just an occasional waived or reduced AF. But if I just throw out their ads for a few months and get better treatment through an improved offer, it's probably safe to say that loyalty is not what they are rewarding.
As always, I know YMMV, but this is another experience in which CO seems to be best to people who open and use cards of their competitors. From what I've read on here, having a great credit history with CO matters very little. Showing that a competitor of CO will offer you credit seems a generally effective way to go.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May