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AmEx BCP Fee Increasing to $95 for new apps after 8/3

Valued Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

Interesting. I was planning on apping for this soon. Luckily, it should be before that, but I wrote this date.down.as a reminder. Thanks!
EX 08 Fico: 729 TU 08 Fico: 735EQ 08 Fico: 740Total Credit Line: $128,600Utilization: 6%Inquiries:EX-6TU-7EQ-5


Frequent Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

Wow, that is really unfortunate. Just made the BCE seem a whole lot better.
Regular Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

When Amex raised the AF on the PRG it added new benefits (like restaurants as an extra bonus category). Any theories on whether this AF increase will come with any new benefits? Otherwise this AF seems odd. The BCP is only better than the BCE by a little bit with respect to gas stations and better than the BCE by a fair amount on groceries but that category is capped. Non-bonus spending is exactly the same.
Amex Platinum: NPSL | Amex BCP: $6,100 | Amex Everyday: $15,000 | Amex SPG: $5,000 | Amex Delta Gold: $5,000 | Chase Sapphire Reserve: $15,000 | Chase Freedom: $1,500 | Chase Freedom Unlimited: $3,000 | Chase Slate: $3,900 | Marriott Premier Rewards: $5,100 | Hyatt: $5,000 | 1st Financial: $8,300 | Citi Double Cash: $6,200 | Discover It: $8,700 | Quicksilver: $24,000 | Arrival+: $12,500 | Citi Best Buy: $4,000 | Costco Visa: $8,500
Valued Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

Out of curiosity, will the AF get prorated if I convert my BCP to a BCE? I have SM anyway and have been considering it; this just makes it more certain.
EX: 800+; EQ: 800+; TU: 800+ --> Entered the garden on 11/15/14. Planning on leaving around 1/1/17.
Valued Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3


Petrovius wrote:
Out of curiosity, will the AF get prorated if I convert my BCP to a BCE? I have SM anyway and have been considering it; this just makes it more certain.

That's been the case in the past and probably still the case up until the date in the thread about no more prorating. (I think it says September.) 

 

ETA: http://ficoforums.myfico.com/t5/Credit-Cards/AMEX-to-Eliminate-Prorated-Annual-Fees/td-p/4626827

Starting Score: 768/769/767 7/1/15 (But really started at 687/708/668 3/10/15)
Score 3/19/16:
756/765/766 (High score: 789/797/797 11/7/15)
Community Leader
Super Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3


Petrovius wrote:
Out of curiosity, will the AF get prorated if I convert my BCP to a BCE? I have SM anyway and have been considering it; this just makes it more certain.

Six of one and half a dozen of another.  BCE is not much better than a straight 2% card, IMHO.  But, I have another Amex (so still get offers), and the apr is rather low for the BCP.  Plus, I have still not found a fee anywhere, so we might be grandfathered, as has been mentioned before.  Smiley Wink

Starting score EQ SW 563 April 2014, Fico 8 EQ 801, EX 794, TU 805 (April 2016)
Frequent Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3


deltatee wrote:
Wow, that is really unfortunate. Just made the BCE seem a whole lot better.

 

+1 ...the extra $20 will get people to spend more to make the card worth keeping.

Ymmv ~ Cheers!

Discover it (4k), United (8k), Southwest (9k), AARP (5k), Hyatt (8k), Freedom (8k), Venture (20k), Quicksilver (30k), Hawaiian (15k), Cabelas (4k), BofA Cash (1.5k), Amex Hilton (10k), Citi Voyager (5k), Citi AA Platinum (4k), Farmers (7.5k), Amex Spg (10k)
Frequent Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

Now if I can just get Amex to approve me for the BCE card, I wouldn't be sitting on the fence!!! Lol😁

Current Fico Scores: EQ 663 TU 687 EX 666
Starting Fico Scores: EQ 535 TU 580 EX 522
Gardening Since 04/01/2017
New Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3


satasat360 wrote:

UncleB wrote:

Excellent catch, even if less than excellent news!  Smiley Happy

 

Hopefully they'll leave the fee at $75 for a little longer for the existing cardholders. <fingers crossed>

 

In any case it's still worth it... I would prefer to keep the extra $20, though.  Smiley Wink


I'm still paying 175 for my PRG (current is 195), so i believe you will pay 75 for the BCP


Just received my 6/8/16 stmt with announcement my fee is going from $75 to $95 next renewal.  Fee is non-redundable unless I cancel within 30 days of statement date of bill on which it appears.

 

No grandfathering  .... at least for me.  I got my BCP card 10/2014 but am a "member since" early 1980's.

 

Chase Freedom ($30K) USAA Limitless ($20K) AMEX BCP ($15K) CapOne QuickSilver ($15K) Citi DC ($12.5K) Discover It ($6.2K) BOA Cash Rewards ($5K) Sallie Mae ($2.5K)

FICO: 820 +/- 10pts
Super Contributor

Re: AmEx BCP Fee Increasing to $95 for new apps after 8/3

I believe the new fee will apply to all cardholders when they renew. There doesn't appear to be grandfathering with this.