topic Re: Rumor: Amex to compete with CSR in Credit Cards

Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 13:19:54 GMT

I hope this is true.

Sucks that I just applied for the Plat

http://www.doctorofcredit.com/rumor-american-express-compete-chase-sapphire-reserve-early-q4/

Re: Rumor: Amex to compete with CSR

JustBPatient — Wed, 28 Sep 2016 14:31:34 GMT

This is interesting. I would upgrade to Plat. if they would at least offer a similar reward structure to PRG. I never understood why they didnt do this. I think that, along with a more flexible travel credit and they would have a home run.

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 14:49:05 GMT

Very interesting. Been obvious for awhile that Amex needs to offer a better high end travel card that earns points at a better rate than 1X per dollar spent for the Platinum. The Prestige and now the CSR offers far better incentives to use the card after the bonus. Too many people get the card and then hardly use it after reaching any bonus spend requirement. I'm sure the dilemma for them will be deciding whether to just improve the Platinum or introduce a brand new card. If they do the latter then it would seem to me that the Platinum would die out because there wouldn't be a need for both cards.

Re: Rumor: Amex to compete with CSR

wasCB14 — Wed, 28 Sep 2016 15:40:40 GMT

I hope they improve the existing Platinum.

I'd like to see some/all of:

1. At least one free guest at Delta SkyClubs

2. Travel insurance to rival Prestige/CSR/CSP

3. Allowing broader travel expenses for the $200 credit (with MPX, it's just become a circus that no one really wins in)

4. Bonus categories

Re: Rumor: Amex to compete with CSR

DrZoidberg — Wed, 28 Sep 2016 15:47:29 GMT

@wasCB14 wrote:
I hope they improve the existing Platinum.

I'd like to see some/all of:
1. At least one free guest at Delta SkyClubs
2. Travel insurance to rival Prestige/CSR/CSP
3. Allowing broader travel expenses for the $200 credit (with MPX, it's just become a circus that no one really wins in)
4. Bonus categories

I'd rather there be a new card. New bonus.

Re: Rumor: Amex to compete with CSR

darwin_wins — Wed, 28 Sep 2016 15:48:13 GMT

@JustBPatient wrote:
This is interesting. I would upgrade to Plat. if they would at least offer a similar reward structure to PRG. I never understood why they didnt do this. I think that, along with a more flexible travel credit and they would have a home run.

From what I understand people got AmEx platinum card because of the benefits rather than their reward structure. Once upon a time AmEx had benefits which no one matched (dedicated line, tickets to events, entry to publicaly sold out shows, restaurants hard to get in without months of advance reservations, etc). They assumed no one can match up their line of benefits and just didn't bother. So when Prestige & now CSR did come out with all the benefits Plat feels like an inferior card to have. I don't think the people I know who have it use it for collecting MR. They just use for the benefits.

May be it is a good thing that Citi & Chase did come out with their cards. Even if AmEx does improve Plat, it will still have one disadvantage that other don't, it may remain a charge card. So who knows what AmEx is thinking at this point.

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 15:53:44 GMT

Yeah, not cool. I just apped and got the SPG card. We'll see what happens. Maybe we can PC the Platinum to the new card? Depending on the benefits of the new card, that would be nice. Then again, if the new card is a revolver and not a charge card..... Damn.

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 16:11:47 GMT

@Anonymous wrote:
Very interesting. Been obvious for awhile that Amex needs to offer a better high end travel card that earns points at a better rate than 1X per dollar spent for the Platinum. The Prestige and now the CSR offers far better incentives to use the card after the bonus. Too many people get the card and then hardly use it after reaching any bonus spend requirement. I'm sure the dilemma for them will be deciding whether to just improve the Platinum or introduce a brand new card. If they do the latter then it would seem to me that the Platinum would die out because there wouldn't be a need for both cards.

Yes,if the goal is to compete with CSR/Prestige, it's going to be hard to have a new card with matching benefits, while reserving some only for the Plat. I guess something like Centurion Lounge access is only on the Plat, but not sure that would be enough

Re: Rumor: Amex to compete with CSR

sjt — Wed, 28 Sep 2016 16:25:03 GMT

I think it will be a new card with an identical design as the Amex Explorer Card that was launched in Australia.

http://www.ausbt.com.au/american-express-explorer-credit-card-review

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 16:30:32 GMT

Now that's a nice-looking card.

Re: Rumor: Amex to compete with CSR

elim — Wed, 28 Sep 2016 17:08:34 GMT

@Anonymous wrote:
Now that's a nice-looking card.

yummy

Re: Rumor: Amex to compete with CSR

CreditCuriosity — Wed, 28 Sep 2016 17:20:30 GMT

I highly doubt it will be a new card.. My guess would be platinum would have an overhaul as they don't want to shoot themselves in the foot and take away from all the platinum carriers already not to mention the companies that provide or reimburse their employees with platinum cards as well. To .Many overlaps IMO to have two premium travel cards IMO. Guess we will see though

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 17:51:05 GMT

That's what I wanna see, an overhaul. Yeah.

Re: Rumor: Amex to compete with CSR

awp317 — Wed, 28 Sep 2016 18:11:54 GMT

Whatever it is I hope it doesn't look like that. That looks like a wannabe Centurion.

Re: Rumor: Amex to compete with CSR

Discover2016 — Wed, 28 Sep 2016 18:20:50 GMT

I was actually talking to a friend about this over dinner a few days ago. This is what I think Amex should do: release the Centurion to regular applications and enhance and fine tune the benefits of the card and lower the fees to more competitive levels.

Re: Rumor: Amex to compete with CSR

JustBPatient — Wed, 28 Sep 2016 18:22:46 GMT

I dont know if this is old news but I just saw a link encouraging you to upgrade PRG/Gold to Plat for 50k MR for 3k spend.

Re: Rumor: Amex to compete with CSR

awp317 — Wed, 28 Sep 2016 18:33:02 GMT

@Discover2016 wrote:
I was actually talking to a friend about this over dinner a few days ago. This is what I think Amex should do: release the Centurion to regular applications and enhance and fine tune the benefits of the card and lower the fees to more competitive levels.

I hope they dont. Its nice to have exclusive cards to work towards. Opening it up to everyone ruins the general aura of the card.

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 20:21:37 GMT

@awp317 wrote:
Whatever it is I hope it doesn't look like that. That looks like a wannabe Centurion.

I like the look! And I'm perfectly OK with a a 'wannabe Centurion'. Because, face it, who doesn't wanna be? (That was a joke, don't skewer me.)

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 20:34:59 GMT

@elim wrote:
@Anonymous wrote:
Now that's a nice-looking card.
yummy

Perhaps that without the contactless technology built in.... This is America we're talking about here. The land of the highly resistant when it comes to payment technology.

Re: Rumor: Amex to compete with CSR

Anonymous — Wed, 28 Sep 2016 21:04:17 GMT

@Anonymous wrote:
I hope this is true.

Sucks that I just applied for the Plat

http://www.doctorofcredit.com/rumor-american-express-compete-chase-sapphire-reserve-early-q4/

Thanks for the share!