topic Re: Amex PC from BCE to BCP in Credit Cards

Amex PC from BCE to BCP

lord_kinbote — Fri, 11 Sep 2015 20:22:37 GMT

I am eligible to PC my BCE to a BCP next month and I would like to know if a PC would impact AAoA? Thanks in advance for the help.

Re: Amex PC from BCE to BCP

-Cal- — Fri, 11 Sep 2015 20:23:56 GMT

It will not but you would be potentially losing the ability to take advantage of the BCP sign up bonus in the future.

Re: Amex PC from BCE to BCP

kdm31091 — Fri, 11 Sep 2015 21:48:38 GMT

@-Cal- wrote:
It will not but you would be potentially losing the ability to take advantage of the BCP sign up bonus in the future.

The obsession with bonuses around here is getting a bit much!

Anyway, the post is correct. Won't hurt your AAOA, but you won't get the bonus for a BCP in the future. If that's a big enough deal, cold app for BCP, but then you take an AAOA hit and a new HP. There's downsides either way. I upgraded from BCE to BCP because I wasn't wasting another HP and AAOA ding on essentially the same product for a bonus. But everyone's priorities are different.

Re: Amex PC from BCE to BCP

red259 — Fri, 11 Sep 2015 23:36:54 GMT

a hp will fade in time and the Aaoa will improve with time as well. A good bonus can very well be worth waiting for since you only get one per product. did you do the math and is your spend great enough that you will come out ahead of where you would be with everyday even with the AF?

Re: Amex PC from BCE to BCP

kdm31091 — Sat, 12 Sep 2015 01:44:01 GMT

@red259 wrote:
a hp will fade in time and the Aaoa will improve with time as well. A good bonus can very well be worth waiting for since you only get one per product. did you do the math and is your spend great enough that you will come out ahead of where you would be with everyday even with the AF?

Yes, HPs and AAOA dings fade of course my point is that not everyone will care enough about a bonus to cold app for a product that they can get with no HP via upgrade. YMMV.

Yeah, the math works out for me with BCP, at least for now. If I find it doesn't later, can always downgrade again.

Re: Amex PC from BCE to BCP

Open123 — Sat, 12 Sep 2015 01:56:21 GMT

@kdm31091 wrote:
@red259 wrote:
a hp will fade in time and the Aaoa will improve with time as well. A good bonus can very well be worth waiting for since you only get one per product. did you do the math and is your spend great enough that you will come out ahead of where you would be with everyday even with the AF?
Yes, HPs and AAOA dings fade of course my point is that not everyone will care enough about a bonus to cold app for a product that they can get with no HP via upgrade. YMMV.

Yeah, the math works out for me with BCP, at least for now. If I find it doesn't later, can always downgrade again.

Agreed.

Everyone should determine his/her respective value placed on the price of a HP/new account as it relates to his/her needs. The decision to app/pc/upgrade should be determined by an objective cost vs. benefit analysis based on the most up to date and accurate information presented without bias. Regrettably, the latter hasn't been the case, in my view.

*Edited* PS - When I observe "regrettably," it's meant in general, and isn't reference to anyone in particular.

Re: Amex PC from BCE to BCP

Anonymous — Sat, 12 Sep 2015 03:54:51 GMT

@Open123 wrote:
@kdm31091 wrote:
@red259 wrote:
a hp will fade in time and the Aaoa will improve with time as well. A good bonus can very well be worth waiting for since you only get one per product. did you do the math and is your spend great enough that you will come out ahead of where you would be with everyday even with the AF?
Yes, HPs and AAOA dings fade of course my point is that not everyone will care enough about a bonus to cold app for a product that they can get with no HP via upgrade. YMMV.

Yeah, the math works out for me with BCP, at least for now. If I find it doesn't later, can always downgrade again.
Agreed.

Everyone should determine his/her respective value placed on the price of a HP/new account as it relates to his/her needs. The decision to app/pc/upgrade should be determined by an objective cost vs. benefit analysis based on the most up to date and accurate information presented without bias. Regrettably, the latter hasn't been the case, in my view.

*Edited* PS - When I observe "regrettably," it's meant in general, and isn't reference to anyone in particular.

Agree, and the cost/benefit analysis at least for apping, should also be wider than it usually is. People often ask "Should I get card A or B?" particularly where A and B are from the same issuer. The question should be "What card, amongst ALL those I can reasonably expect to be approved for, maximizes my benefit?" Benefit is defined as however you wish, for me always net rewards, for others it might include other factors such as low APR/high starting CL/ SP CLIs or, less sensibly (IMO) "prestige" or "is a metal card" or "looks pretty" And if you value HPs and AAoA enough, the answer might be "None for now".

Re: Amex PC from BCE to BCP

lord_kinbote — Sat, 12 Sep 2015 10:38:28 GMT

@kdm31091 wrote:
@-Cal- wrote:
It will not but you would be potentially losing the ability to take advantage of the BCP sign up bonus in the future.
The obsession with bonuses around here is getting a bit much!

Anyway, the post is correct. Won't hurt your AAOA, but you won't get the bonus for a BCP in the future. If that's a big enough deal, cold app for BCP, but then you take an AAOA hit and a new HP. There's downsides either way. I upgraded from BCE to BCP because I wasn't wasting another HP and AAOA ding on essentially the same product for a bonus. But everyone's priorities are different.

I could understand taking a hit for 70,000 UR points, but not for a meager $150 cash back after spendking 1k. No, I want the card because of the increased 6% on groceries. My SallieMae's monthly cap is way too low for that category.

Re: Amex PC from BCE to BCP

Open123 — Sat, 12 Sep 2015 13:55:29 GMT

@akula wrote:
I could understand taking a hit for 70,000 UR points, but not for a meager $150 cash back after spendking 1k. No, I want the card because of the increased 6% on groceries. My SallieMae's monthly cap is way too low for that category.

PC will not impact AAOA, since your account number will not change. However, if it's, say, from HHonors to SPG, where I assume Amex must change account numbers, then I'm not so certain.

Re: Amex PC from BCE to BCP

Anonymous — Sat, 12 Sep 2015 20:34:44 GMT

This was the thread I was thinking of. And I was right that kdm is one who upgraded.

Is it a 13 month wait to PC? I'd been thinking all along the 25k offer for the ED was for the EDP. It's not. So you only get 15k for the EDP and get the pleasure of paying the AF.

I'd assume the PC rule is the same between BCE/BCP and ED/EDP.

Re: Amex PC from BCE to BCP

Open123 — Sat, 12 Sep 2015 20:37:01 GMT

@Anonymous wrote:
This was the thread I was thinking of. And I was right that kdm is one who upgraded.

Is it a 13 month wait to PC? I'd been thinking all along the 25k offer for the ED was for the EDP. It's not. So you only get 15k for the EDP and get the pleasure of paying the AF.

I'd assume the PC rule is the same between BCE/BCP and ED/EDP.

Ah, when you put it this way, it doesn't really sound all that enticing. Don't ever try to get a job with Amex's marketing department!

Re: Amex PC from BCE to BCP

leoment — Sat, 12 Sep 2015 20:49:43 GMT

OP, if you don't mind waiting, there might be another $250 sign up bonus again for the BCP (that's what I got when I apped for mine), otherwise the $150 isn't worth a HP for imo

Re: Amex PC from BCE to BCP

red259 — Sat, 12 Sep 2015 22:15:36 GMT

@akula wrote:
@kdm31091 wrote:
@-Cal- wrote:
It will not but you would be potentially losing the ability to take advantage of the BCP sign up bonus in the future.
The obsession with bonuses around here is getting a bit much!

Anyway, the post is correct. Won't hurt your AAOA, but you won't get the bonus for a BCP in the future. If that's a big enough deal, cold app for BCP, but then you take an AAOA hit and a new HP. There's downsides either way. I upgraded from BCE to BCP because I wasn't wasting another HP and AAOA ding on essentially the same product for a bonus. But everyone's priorities are different.
I could understand taking a hit for 70,000 UR points, but not for a meager $150 cash back after spendking 1k. No, I want the card because of the increased 6% on groceries. My SallieMae's monthly cap is way too low for that category.

There are other factors to consider as well. By doing a product change you lose the ability to get the 0% apr for 15 months, with a new product you would get a new credit line to help with overall util, in the long run having both accounts would help your AAoAs. It is still a calculation you have to do for yourself as some or all of these things may not be high (or even on) your list of factors, but the benefits of a new account can go beyond the initial signup offer depending on your needs. The cashback alone is enough to cover the AF for two years. These are all things to consider and weigh against the negatives of opening a new account. I product changed my BCP to BC because to me it wasn't worth a HP to open a new account, so I can totally understand not wanting to go that route.