topic Re: Approved for Amex green and premier gold, any reason to keep both? in Credit Cards

Approved for Amex green and premier gold, any reason to keep both?

homer718 — Wed, 14 Nov 2012 04:24:08 GMT

Hey guys, just received my premier gold card as well as the green card. I applied for both and got both. Definitely want to keep the gold to get the 25k bonus points but figured may keep both and decide which one to keep before the year is up. Both have no annual fee for first year. Any idea if this is a good idea or not? I guess I would have to reapply if I cancelled now unless there is a way to upgrade or downgrade from one card. Let me know what you think

Re: Approved for Amex green and premier gold, any reason to keep both?

RonDawg — Wed, 14 Nov 2012 04:48:21 GMT

The Green and the Gold are both charge cards. The gold offers more but for a higher fee. Both are free the first year. The PRG card does not charge a fee for additional cards untill you pass 5 cards. The green charges for more then one card. The green does not offer bonus MR points like the PRG card does. The green is just the basic entry level AmEx Charge card. I have the PRG card and I don't see any reason to have any other charge card unless its the Platinum card. You can not upgrade the card for 1 year. Best Bet keep them both no reason to close either of them. After the year is up you can make a choice what one you want to keep based on how much you use the cards.

I hope this helps.

Good Luck.

Re: Approved for Amex green and premier gold, any reason to keep both?

nicholasyud — Wed, 14 Nov 2012 04:35:39 GMT

MAY I KNOW YOUR CREDIT SCORE AND AAOA AND ANY BADDIE ???

Re: Approved for Amex green and premier gold, any reason to keep both?

RonDawg — Wed, 14 Nov 2012 04:49:31 GMT

nicholasyud wrote:
MAY I KNOW YOUR CREDIT SCORE AND AAOA AND ANY BADDIE ???

Just wondering, does your question have anything to do with him making a choice on keeping either of the cards?

Re: Approved for Amex green and premier gold, any reason to keep both?

ccnewcc — Wed, 14 Nov 2012 05:00:12 GMT

Probably no reason to keep both. But which one to keep, if you don't keep both, will have to be up to you.

In hindsight, probably best to only app for cards that you really want and not app for another card until you know the fate of the first app.

Re: Approved for Amex green and premier gold, any reason to keep both?

webhopper — Wed, 14 Nov 2012 05:27:12 GMT

I see no reason to keep both other than backdating for account age. I'm eyeing the PR gold as a future card so I would probably keep gold over green.

Re: Approved for Amex green and premier gold, any reason to keep both?

RonDawg — Wed, 14 Nov 2012 06:36:44 GMT

webhopper wrote:
I see no reason to keep both other than backdating for account age. I'm eyeing the PR gold as a future card so I would probably keep gold over green.

Just saying why waste an inquiry. But your right the Green will not give you anything that the PRG card will not give you. The PRG card gives bonus MR and access to Gold Card events and a few other gold card perks.

Re: Approved for Amex green and premier gold, any reason to keep both?

homer718 — Wed, 14 Nov 2012 13:51:50 GMT

Thanks guys, I am 99.9% sure the gold is going to be kept. I think I may just go ahead and cancel it unless there's a reason leaving it open may boost my credit score. I understand it's a charge so I doubt it but let me know if I'm wrong.

FYI I already activated the card. I have a blue card as well. My gold and blue are tied to the same online user account but trying to add the green to that same user account did not work. I was asked to create a new account for that card. Hmm... I think I'll just cancel the green and simplify this.

Re: Approved for Amex green and premier gold, any reason to keep both?

Cadillac-XTS — Wed, 14 Nov 2012 13:59:38 GMT

Congrats

Re: Approved for Amex green and premier gold, any reason to keep both?

Repo-ed — Wed, 14 Nov 2012 14:32:09 GMT

When I hit 1 year w/ my Zync NPSL, I'll be apping for a MR points offer PRG!

Go with the Gold!

Re: Approved for Amex green and premier gold, any reason to keep both?

Revelate — Wed, 14 Nov 2012 14:43:48 GMT

I would leave it open for a year. FICO may appreciate it, it doesn't cost you anything, and opening an account and then closing it might be a problem with future underwriting later.

This assumes it has already been activated and used; if not it *might* not get reported but personally I wouldn't take that chance.

Also Amex does do bonus offers on specific cards, so the green might offset it's AF anyway if you get to take advantage of them.

Re: Approved for Amex green and premier gold, any reason to keep both?

armbenderc — Wed, 14 Nov 2012 14:49:58 GMT

homer718 wrote:
Hey guys, just received my premier gold card as well as the green card. I applied for both and got both. Definitely want to keep the gold to get the 25k bonus points but figured may keep both and decide which one to keep before the year is up. Both have no annual fee for first year. Any idea if this is a good idea or not? I guess I would have to reapply if I cancelled now unless there is a way to upgrade or downgrade from one card. Let me know what you think

I would definitely keep both card just for the downgrading reason that you stated. After 6 months, I would get revolver with Amex and cancel the green or gold which is up to you. I personally think that having the Gold and revolver would be enough with Amex.

Re: Approved for Amex green and premier gold, any reason to keep both?

homer718 — Wed, 14 Nov 2012 16:09:19 GMT

Revelate wrote:
I would leave it open for a year. FICO may appreciate it, it doesn't cost you anything, and opening an account and then closing it might be a problem with future underwriting later.

This assumes it has already been activated and used; if not it *might* not get reported but personally I wouldn't take that chance.

Also Amex does do bonus offers on specific cards, so the green might offset it's AF anyway if you get to take advantage of them.

Yeah, card is already activated in it's own account seperate from my prg and amex blue. I was told my points on the blue will be upgraded to MR points so that's a bonus. I'm pretty sure I'll use the gold enough to offset future annual fees and the 3x points on airfare and 2x points on groceries and gas are a nice bonus. I am rebuilding my credit. Haven't had a card for over 7yrs so I applied for a bunch. I have a 500CL capital one cash, amex blue 8000CL, prg and green. So I assume even though the green is a charge, keeping it open and not using it or using it for very small things here and there throughout the year will be a plus on my credit. Thanks for helping out, I almost cancelled it but I agree, prob better to keep it open for the next year and then keep the gold.

Re: Approved for Amex green and premier gold, any reason to keep both?

homer718 — Wed, 14 Nov 2012 16:10:57 GMT

Also, quick question. I can't get my FICO score since my credit history does not reveal any credit lines. How long for these new cards to begin reporting before I can sign up here for my Fico membership? 6 months?

Re: Approved for Amex green and premier gold, any reason to keep both?

jd5189 — Wed, 14 Nov 2012 16:26:18 GMT

Repo-ed wrote:
When I hit 1 year w/ my Zync NPSL, I'll be apping for a MR points offer PRG!

Go with the Gold!

Repo-ed, as a heads up, currently AMEX has restrictions on application bonuses for charge cards if you already have a charge card, You would need to cancel your charge card for 90 days and app after that to receive the bonus. Cancelling your current card w/o another MR's card in your line up (such as the plain vanilla blue) will forfeit all accrued MRE points.