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Frequent Contributor
Posts: 351
Registered: ‎09-23-2011
0

AMEX Fees...

Ok, allow me to digress:smileyindifferent:  I had the Zync card and had just upgraded to the PRG.  Now, I do realize that it comes with good rewards, and yes I have to pay $175 a year.  What I do not understand is that people complain about these  fees.  I have read so many post that, "when the AF comes up, I am going to cancel".  I wonder, why even bother apply for these cards?  Ohhh, I got it, for the initial reward points.  If one push 20 to 50K a year on these cards, what the big deal?  I can truly understand the fees for Platinum or JP Morgan has to be justify, but if your salary is 6 figures, then why complain?  Some of my single purchases are well over my PRG fees, so I ask again, why app for these cards or complain about the fees?

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).
Regular Contributor
Posts: 244
Registered: ‎07-29-2012
0

Re: AMEX Fees...

[ Edited ]

To get sign up $$ and show off i guess !!!

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

Starting Score: 0
Current Score: 742
Goal Score: 800


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Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: AMEX Fees...

Eh,
The only Amex charge Id consider even paying an AF for is the Platinum. My income isn't high enough for that yet heh
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: AMEX Fees...

Its that prestige for me. Having an AMEX gold means you have good credit and not to mention that card is BALLIN'!!!!

So the AF isnt a biggie to me.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
Posts: 2,138
Registered: ‎04-04-2013
0

Re: AMEX Fees...

Having an American Express Gold card just means you're willing to pay an outrageous AF for a glorified debit card.

 

I see no advantage to having one. NONE.


Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: AMEX Fees...

To each is own my friend. I happen to luv my AMEX relationship and their products!



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Posts: 244
Registered: ‎07-29-2012
0

Re: AMEX Fees...

As long as your getting something out of AF pay it. My DW has BCP which is $75 a year but we get that back almost right away.

I don't see myself paying $100+ per year or even having multiple AF like some do just to have the cards...

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

Starting Score: 0
Current Score: 742
Goal Score: 800


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Frequent Contributor
Posts: 351
Registered: ‎09-23-2011
0

Re: AMEX Fees...

I agree, to each their own...I am now off my soap box..;-)

 

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).
Senior Contributor
Posts: 4,690
Registered: ‎02-23-2011
0

Re: AMEX Fees...


birjest wrote:

I agree, to each their own...I am now off my soap box..;-)

 


The only thing I don't understand is a card with 0 rewards and no benefits, unless one really needed to hold a balance for the long haul.  0% promo sign-up bonus rewards cards (Freedom & Citi TY Preferred) all seem infinitely superior to me.

Valued Contributor
Posts: 2,138
Registered: ‎04-04-2013
0

Re: AMEX Fees...


DeadSpider wrote:

As long as your getting something out of AF pay it. My DW has BCP which is $75 a year but we get that back almost right away.

I don't see myself paying $100+ per year or even having multiple AF like some do just to have the cards...


Exactly right. I plan to get a BCE since I'm single and wouldn't spend enough to justify a BCP. 

 

But I don't understand paying the large AF on the Gold Charge card, when the benefits just aren't there.


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