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When to get an American Express Charge car?

Community Leader
Super Contributor

Re: When to get an American Express Charge car?

Good job! Congrats!!
Regular Contributor

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

Re: When to get an American Express Charge car?

Gold Charge Premiere & Blue Cash 2k limit

New Member

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

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
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Regular Contributor

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

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?

Super Contributor

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.

Frequent Contributor

Re: When to get an American Express Charge car?


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 - 744 (Oct FICO) | Experian 736(Oct Fico) | Transunion - 755(Oct Fico)

Credit Lines: Diners Club 20k | Penfed Plat Rewards 7k | SDFCU 5k | Amex BCE - 10.5k | Chase Freedom 4.5k | CSP - 10.6k | Discover IT - 9k | Sallie Mae 3.8k | BofA 123 - 4.9k | CITI Double Cash 9.1k | Total Rewards 3.25k
Established Contributor

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
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)