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Senior Contributor
baller4life
Posts: 3,493
Registered: ‎09-13-2013
0

Re: When to get an American Express Charge car?

Good job! Congrats!!


GARDENING: 9/10/14 - 10/1/15 EQ: 644 EX: 688 TU: 709
MY WALLET: $10k NFCU CASH REWARDS SIGGY|$10k BOA CASH REWARDS|$9k AMEX DELTA
$7.5k NFCU PLATINUM MC|$7k DISCOVER IT|$5k AMAZON|$5k WALMART|$2.5k CHEVRON
$1k BARCLAYS RING|$1k BARCLAYS REWARDS
Regular Contributor
n0smirc
Posts: 205
Registered: ‎08-22-2013
0

Re: When to get an American Express Charge car?


Eve212 wrote:

I;m approved for the Blue Cash Everyday already, I thought it's hard but it's not at all. Thank you guys very much.


Congrats! Now take care of those and ALL your accounts. It will pay off for years to come if you take care of your credit now!

New Member
Eve212
Posts: 6
Registered: ‎01-28-2014
0

Re: When to get an American Express Charge car?

Gold Charge Premiere & Blue Cash 2k limit

New Member
Eve212
Posts: 6
Registered: ‎01-28-2014
0

Re: When to get an American Express Charge car?

I'm having 5 now, not so good but I can take care of them. In 30 months, one Capital One card will end, I'll mostly use the Blue Cash, spend a little bit on the other 4 to keep them active. Hoope it works.

Established Contributor
espnjunkie
Posts: 726
Registered: ‎12-14-2011
0

Re: When to get an American Express Charge car?

Amex PR Gold carrier a 175.00 annual fee...quite expensive for a card you don't plan on using 

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Regular Contributor
HeilFico
Posts: 221
Registered: ‎02-03-2013
0

Re: When to get an American Express Charge car?

Yea AF cards are ridiculous unless one actually makes significant spend on them. I'm sure OP will cancel or PC before the AF is due.

New Member
Eve212
Posts: 6
Registered: ‎01-28-2014
0

Re: When to get an American Express Charge car?

Yeah, that's why I intend to cancel it after 11 months. What do you think about it?

Senior Contributor
Open123
Posts: 4,155
Registered: ‎02-23-2011
0

Re: When to get an American Express Charge car?


Eve212 wrote:

Yeah, that's why I intend to cancel it after 11 months. What do you think about it?


Given the first year fee waiver and signup bonus, the PRG is the best Amex charge to get first.  Before the fee is due, just cancel it, if your spend doesn't justify the fee.

Regular Contributor
Hockeyplayrr
Posts: 182
Registered: ‎09-25-2013
0

Re: When to get an American Express Charge car?

[ Edited ]

Open123 wrote:

Eve212 wrote:

Yeah, that's why I intend to cancel it after 11 months. What do you think about it?


Given the first year fee waiver and signup bonus, the PRG is the best Amex charge to get first.  Before the fee is due, just cancel it, if your spend doesn't justify the fee.



+1.  It is essentially free money to get your foot in the door with them.  Got mine with a 50k point bonus then got my BCE a month later.

Credit Scores: Equifax - 738 (July FICO) | Experian 736(July Fico Pull) | Transunion - 758(July Fico)

Credit Lines: Penfed Plat Rewards 7k | SDFCU 5k | Amex BCE - 10.5k | Chase Marriott Premier 5.2k | CSP - 6.5k | Discover IT - 9k | Sallie Mae 3.8k | Citi TYP 3.5k | BofA 123 - 4.9k | CITI Double Cash 2.6k
Established Contributor
espnjunkie
Posts: 726
Registered: ‎12-14-2011
0

Re: When to get an American Express Charge car?

To each, their own. I tend to advise people not to open a new credit card account unless they plan on using the card. 

 

Generally to get these signup bonuses you have to meet minimum spending requirements which suck you into that card essentially, i.e. spend $3,000.00 in the first three months. Likely you'll have to meet that spending requirement for both new cards, which can be burdensome 

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), US Bank Business
TU-778 (04/28/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)

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