Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 368
Registered: ‎02-07-2008
0

AMEX wants me to Sign and Travel and Pay Over Time

Apparently they are getting comfortable with me. I got the Gold in May 2008, and after my three "7-10"'s in row with my mini-app spree this past May, I thought I needed some luv somewhere, so I went for the Platinum. They were happy to let me pay them $450 a year.

 

I tried to use the concierge service last month, and they were unable to help me. I thought maybe they wanted to make it up to me, so I called in and hit the auto CLI option on my TE from June 2008. I had $2,000 from Day 1, and I kept reading about no more than 3X for CLI's. I asked for $5,000, and ta da! $5,000.

 

Now they are offering 5,000 bonus points if I add Sign and Travel. Certain charges over $200 can be revolved. I don't think I would actually revolve anything on it, but they said it is only available based on Card tenure, payment history, and creditworthiness. If I add this feature, will it change how it reports? Are there any disadvantages to taking them up on this offer?

"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Established Contributor
Posts: 992
Registered: ‎05-14-2008
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

No real downside, and it won't change how it reports.  I've had this Sign & Travel feature for years, and have never used it.  I just don't want to revolve a debt on a PIF type card.  If I wanted to do that I'd just use my Optima card with a lot lower APR.  But if they are giving you a free 5,000 points go ahead and sign up.
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

Amex know for charge card business. I would pay the balance in full and get it over with it. You never know how amex would react when you carry balance even though it is their own offer.
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

I once received a pm from someone who accepted the option to pay over time. She never used it, but when she called in a few months later on something unrelated (a CLI, maybe?) the CSR told her that her account was no longer in as good a status, as she had accepted the option, even though she had never used it. Somehow accepting the option marked her as being riskier, even though she did it for the points.

This was during the height of AmEx's craziness last fall, so who knows? This was from one of our more rational members, btw. So I don't think it was hysterical rants, and I also don't necessarily believe that the same would happen today. I'm just tossing it out there as a here's-what-I-heard.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Contributor
Posts: 79
Registered: ‎03-06-2008
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

Yea I would not go for thepay over time option. Keep it PIF with Amex especially with having the sweet pleasure of having a platinum card. IF you do not mind me asking but what could they not help you out with. Ive used the concierge service for my trip to France/Germany and loved it. Im asking for future reference....

Starting Score: 690
Current Score: 747
Goal Score: 750


Take the FICO Fitness Challenge
Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

Also, not all travel providers who accept Amex will accept Sign and Travel payments. When I worked for Carnival we would not accept that form of payment and I never could find out exactly why. I think I actually was able to slip one through the system for a guest once as a favor. (Modest rule bending - tenure has its privileges!) In general, however, I wouldn't do it.
Frequent Contributor
Posts: 368
Registered: ‎02-07-2008
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

Since I have the TE card to revolve, I think I'll just leave well enough alone for now.

 

The concierge service website claims they can do almost anything. I wanted to meet a pro athlete when the team visited a nearby city. Amex tried, but the team nixed the idea.

 

 

"Knowledge is of no value unless you put it into practice."- Anton Chekhov
4/11 TU 743 4/11 EQ 763
Regular Contributor
Posts: 212
Registered: ‎06-20-2009
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

I keep getting those offers, too, but always ignore them.  What AmEx has done with their brand seems crazy to me.  Their regular green/gold cards used to stand out as something different from, better than, a regular credit card.  If you have to pay in full every month -- which I generally do on all my cards anyway -- you should be considered a lower risk.  But their "pay over time" feature just turns those cards into ordinary CCs.  I suppose they felt they had to do it to compete somehow, but it's astrounding to me that AmEx (and so many other financial-service companies that are being blasted in this forum) just don't seem to care about their reputation.

 

 


Starting Score: EQ 804 - (April 2009)
Upgraded thanks to FICO Forums: EQ 813 / EX 842 / TU 823 - (FICO scores from mortgage lenders, June 2010)
Recent Scores: EQ 807 / TU 799 - (March 2012)
Goal: Survive Another Day
Take the FICO Fitness Challenge
Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

Re: AMEX wants me to Sign and Travel and Pay Over Time

Sign and Travel is nothing new. It has been around for decades. As for whether it is wise to use Sign and Travel or not - that is for you to decide.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.