topic Re: New Amex... need help deciding in Credit Card Applications

New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 04:41:19 GMT

Happy New Year everyone!

So I need to get a new amex card.. to add a little more AAoA. Currently I am using the SPG and getting alot of nice points for travel/hotel. I was thinking about getting the PRG, but the point system isn't that attractive, or am I completely wrong?

Also.... the most important thing is how a revolver will affect my score. My amex currently has a 25K limit so if I use 2500 it's only hitting 10%, but with the PRG is it even affecting my % usage at all? Sorry a little confused....

Re: New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 04:44:06 GMT

@Anonymous wrote:
Happy New Year everyone!
So I need to get a new amex card.. to add a little more AAoA. Currently I am using the SPG and getting alot of nice points for travel/hotel. I was thinking about getting the PRG, but the point system isn't that attractive, or am I completely wrong?

Also.... the most important thing is how a revolver will affect my score. My amex currently has a 25K limit so if I use 2500 it's only hitting 10%, but with the PRG is it even affecting my % usage at all? Sorry a little confused....

Doesn't factor into usage.

Re: New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 05:08:39 GMT

so if i put all my charges on there, I will have 0% uilitization?

I was thinking of getting the BCE card along with that, the 2 browser trick doesnt' work anymore does it?

Re: New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 05:14:51 GMT

@Anonymous wrote:
so if i put all my charges on there, I will have 0% uilitization?

I was thinking of getting the BCE card along with that, the 2 browser trick doesnt' work anymore does it?

Sorta, But you need to pay in full.

Re: New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 05:26:50 GMT

absolutely, I always pay in full before the due date

Re: New Amex... need help deciding

Anonymous — Fri, 02 Jan 2015 05:28:32 GMT

Nixon is correct, a balance reporting on the PRG will not harm your usage but if you allow it to report, FICO will count it as another card reporting a balance. That reporting may be an issue if you are trying to allow only one card report

Re: New Amex... need help deciding

taxi818 — Fri, 02 Jan 2015 14:36:31 GMT

@Anonymous wrote:
@Anonymous wrote:
Happy New Year everyone!
So I need to get a new amex card.. to add a little more AAoA. Currently I am using the SPG and getting alot of nice points for travel/hotel. I was thinking about getting the PRG, but the point system isn't that attractive, or am I completely wrong?

Also.... the most important thing is how a revolver will affect my score. My amex currently has a 25K limit so if I use 2500 it's only hitting 10%, but with the PRG is it even affecting my % usage at all? Sorry a little confused....
Doesn't factor into usage.

It factors in if a balance reports. Which it can. My statement closed on the 7th last month. Balance $171.dollars. Pay by by date. 23rd. So it will unless you always have paid before close date.

Re: New Amex... need help deciding

Anonymous — Sat, 03 Jan 2015 08:19:33 GMT

Currently I have 3 cards reporting a balance, is there an advantage to having only one card report?

Re: New Amex... need help deciding

Anonymous — Tue, 06 Jan 2015 04:54:17 GMT

Can you guys help me decide if i'm understanding this correctly?

My main goal is adding AAoA to my accounts:

If I apply for a business gold card, that would add 1 HP, but my AAoA would be 0, and I can't backdate (but i'm targeted for 50K MR is the only reason I was considering)

If I apply for a personal gold card, that would add 1 HP, but also allow me to backdate

Re: New Amex... need help deciding

ojefferyo — Tue, 06 Jan 2015 18:04:53 GMT

@Anonymous wrote:
Can you guys help me decide if i'm understanding this correctly?

My main goal is adding AAoA to my accounts:

If I apply for a business gold card, that would add 1 HP, but my AAoA would be 0, and I can't backdate (but i'm targeted for 50K MR is the only reason I was considering)
If I apply for a personal gold card, that would add 1 HP, but also allow me to backdate

how far back are we talking?

Re: New Amex... need help deciding

Anonymous — Tue, 06 Jan 2015 22:11:38 GMT

1998