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@searchingfor67 wrote:
The only reason I was going to leave this card open was for the primary rental ins coverage, but I just found out that my JP Morgan Select offers it as well - with no additional cost. Amex charges $23 per rental...winning! I will be closing it right before the annual fee hits...
I do agree, the ins. coverage charge is a bit high, but I didn't think it was $23. Thought I was paying like $18 (not that much diff, I know)
@Repo-ed wrote:
@searchingfor67 wrote:
The only reason I was going to leave this card open was for the primary rental ins coverage, but I just found out that my JP Morgan Select offers it as well - with no additional cost. Amex charges $23 per rental...winning! I will be closing it right before the annual fee hits...I do agree, the ins. coverage charge is a bit high, but I didn't think it was $23. Thought I was paying like $18 (not that much diff, I know)
IIRC, there are two tiers that you can purchase. One is slightly more expensive.
I am thinking of closing mine too. AF is High, and Because I have many other rewards cards, I don't really use it enough to take advantage of it's advantages. I have been researching the card, and it looks like it can be PC's only to another charge card, or to Blue, which is a credit card with no AF, but is a Membership Rewards card. I believe the Blue card has Membership Rewards Express points (like Zync) that don't transfer to airline partners. I only have about 4500 MR points, so I would probably just cash them out on small gift cards before I close it.
I have a lot of cards (as do you) and there is no sense keeping one around that is not really serving a purpose. Plus, if I close it before the AF hits, I can reapply 90+ days later for another charge (if I decided I wanted to) and get the sign-up bonus again Just somthing I was thinking about. The Benz card seems to be one with many perks for a Benz driver, but I am more of a BMW type of person...LOL.
By the way (and most importantly for the reason you were thinking of keeping it open) the Premium Car Rental Coverage can be added to any enrolled AMEX card, not just PRG. It is 24.95 per rental period (17.95 in California).
I have closed two Amex cards in the past year, a Green that I used for business expenses and a Gold that was for personal. For the Green I was within two months of the next AF and the CSR refunded the pro-rata share of my AF. For the Gold the AF had just hit my statement and the CSR processed a credit for the full amount. Thus, in my experience there is no reason to cancel before the AF hits.
I chose to apply for the Mercedes Platinum instead of doing a product change for the sign on bonus. I also didn't mind the fact that my account would be backdated to 1984. Well worth the INQ.
Good point...I think I'm going to go ahead and close it...If I decide to apply for the Mercedes Benz plat in a couple of years, backdating and bonus points make it a win/win...
@OhioCPA wrote:I have closed two Amex cards in the past year, a Green that I used for business expenses and a Gold that was for personal. For the Green I was within two months of the next AF and the CSR refunded the pro-rata share of my AF. For the Gold the AF had just hit my statement and the CSR processed a credit for the full amount. Thus, in my experience there is no reason to cancel before the AF hits.
I chose to apply for the Mercedes Platinum instead of doing a product change for the sign on bonus. I also didn't mind the fact that my account would be backdated to 1984. Well worth the INQ.
Concur!
@emptypockets wrote:I am thinking of closing mine too. AF is High, and Because I have many other rewards cards, I don't really use it enough to take advantage of it's advantages. I have been researching the card, and it looks like it can be PC's only to another charge card, or to Blue, which is a credit card with no AF, but is a Membership Rewards card. I believe the Blue card has Membership Rewards Express points (like Zync) that don't transfer to airline partners. I only have about 4500 MR points, so I would probably just cash them out on small gift cards before I close it.
I have a lot of cards (as do you) and there is no sense keeping one around that is not really serving a purpose. Plus, if I close it before the AF hits, I can reapply 90+ days later for another charge (if I decided I wanted to) and get the sign-up bonus again Just somthing I was thinking about. The Benz card seems to be one with many perks for a Benz driver, but I am more of a BMW type of person...LOL.
By the way (and most importantly for the reason you were thinking of keeping it open) the Premium Car Rental Coverage can be added to any enrolled AMEX card, not just PRG. It is 24.95 per rental period (17.95 in California).