topic Re: Plum Card Approval in Credit Cards

Plum Card Approval

Uncle_Money — Thu, 28 Aug 2008 16:35:03 GMT

Hey Gang,

I figured I'd spread some good news here today. I was just approved for the Plum card by Amex. Do we have any Plum card holders in the house?

Re: Plum Card Approval

Anonymous — Thu, 28 Aug 2008 16:40:57 GMT

Congratulations! I'd consider setting-up a small business just to get a Plum card. 2% back for paying on-time, I'd be fine with that!

Re: Plum Card Approval

Creditaddict — Thu, 28 Aug 2008 16:43:00 GMT

My business just got the Plum last month but after running the numbers for 2% cash back or Membership rewards I get on the Gold card, the Gold card gives me about Double cash back vs. 2%.

So cancelled it.

but when you activate, I sure did like how they asked up front what you planned on spending and if that would work for amex so the card was never declined, the gold we had some issues in beginnning until we built history with how much we ran through it.

Re: Plum Card Approval

aftermath — Thu, 28 Aug 2008 16:47:33 GMT

how difficult is for your business to get approved for the Plum card? Does it require a PG?

Re: Plum Card Approval

Creditaddict — Thu, 28 Aug 2008 16:49:48 GMT

sorry that did sound confusing... amex cards are purely PG approved.

Re: Plum Card Approval

aftermath — Thu, 28 Aug 2008 16:52:42 GMT

Creditaddict wrote:
sorry that did sound confusing... amex cards are purely PG approved.

hey creditaddict, thanks for the prompt response. when they do a PG, do i take an inquiry hit on my personal credit report?

Re: Plum Card Approval

Creditaddict — Thu, 28 Aug 2008 16:53:33 GMT

Yes EX

Re: Plum Card Approval

aftermath — Thu, 28 Aug 2008 16:55:46 GMT

Creditaddict wrote:
Yes EX

then does the plum report to your personal CR as well?

Message Edited by aftermath on 08-28-2008 09:55 AM

Re: Plum Card Approval

Creditaddict — Thu, 28 Aug 2008 16:56:36 GMT

none of the business amex cards report to personal unless you default.

Re: Plum Card Approval

aftermath — Thu, 28 Aug 2008 16:57:04 GMT

Creditaddict wrote:
none of the business amex cards report to personal unless you default.

Re: Plum Card Approval

Anonymous — Thu, 28 Aug 2008 17:02:44 GMT

Creditaddict wrote:
My business just got the Plum last month but after running the numbers for 2% cash back or Membership rewards I get on the Gold card, the Gold card gives me about Double cash back vs. 2%.
So cancelled it.
but when you activate, I sure did like how they asked up front what you planned on spending and if that would work for amex so the card was never declined, the gold we had some issues in beginnning until we built history with how much we ran through it.

I thought it was 1 point/$1.00 spent and the points were about equal to $0.01 cash value, so basically it'd be like 1% back.

What do you redeem Gold points for that make it about 2%?

Re: Plum Card Approval

Creditaddict — Thu, 28 Aug 2008 17:07:37 GMT

I can't totally figure out the point system myself either, However my point balance each month doesn't lie, I just gave up figuring out where they came from.

I charge on average about 2k with FedEx, I get 5% cash back bonus on that, roughly $60-80 usually PLUS I think im earning 5 rewards points or something.

My charges total anywhere from 4k-8k dependning what I did for the month.

I usually average about 25000 reward points a month.

I trade in the points for $100 statement credit.

so that = $60-80 from fedex cash back plus $100 statement credit = $160-180

vs. 2% on 5k plum card = $100

I just really don't know where all the reward points are coming from but they are they EACH month and I trade them in Each month!

Re: Plum Card Approval

Red1Blue — Sat, 28 Feb 2009 21:41:48 GMT

Did any one else got the plum card recently? If so what is your scores?

Re: Plum Card Approval

billsfan14 — Sun, 01 Mar 2009 00:47:40 GMT

Congrats! Nice lineup of cards... Mind sharing some scores/history when you got them?