topic Re: Amex Questions in Credit Cards

Amex Questions

Anonymous — Thu, 15 Mar 2018 13:34:21 GMT

I just applied and was instantly approved for a targeted Amex offer for a 50k signup bonus for the Gold Rewards Card. Which was great but I’m realizing I may have jumped the gun at such a good signup offer as the Platinum would probably fit my spend better.

My question is this: If within the next month or so (after I hit the required spend on Gold) I apply for the Platinum will Amex have a problem with two cards back to back? Also I applied via my Amex account and haven’t seen a hard pull as of yet...is this for real? No hard pulls for existing members maybe?

If it helps for background ive had a BC Preffered Card for a couple years with a 24k CL. Ficos are good not great, all in the 720-740 range. Thanks!

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 13:50:13 GMT

@Anonymouswrote:
If within the next month or so (after I hit the required spend on Gold) I apply for the Platinum will Amex have a problem with two cards back to back?

Not a problem on their end usually. But if you want the sign-up bonuses, that's going to be $7k or so spending requirement within a few months, so you'd have to justify that you will be able to spend that much on the cards and pay them back in full.

@Anonymouswrote:
Also I applied via my Amex account and haven’t seen a hard pull as of yet...is this for real? No hard pulls for existing members maybe?

Currently Amex may not hard pull existing members for new applications, even if approved. There are still some datapoints showing a hard pull is done, however.

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 14:02:22 GMT

As long as you can hit the spend for both signups you will be fine, would wait til you get the 100k sign up offer though, or go with one of the other plat flavors, you might get a hard pull if do decide to go with one of the branded plats, I have 5 amex and all soft pulls besides first one and when I applied for the Schwab plat they did hp for that

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:02:19 GMT

One other point-if you decide to apply for the Platinum, do not cancel your PRG anytime soon after receiving the bonus. You should plan on keeping the card for a year. Amex has cracked down on account holders who cancel cards with AFs soon after receiving the spend bonus. Penalties can include loss of MR points and accounts being shut down.

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:16:34 GMT

@Anonymouswrote:
I just applied and was instantly approved for a targeted Amex offer for a 50k signup bonus for the Gold Rewards Card. Which was great but I’m realizing I may have jumped the gun at such a good signup offer as the Platinum would probably fit my spend better.

My question is this: If within the next month or so (after I hit the required spend on Gold) I apply for the Platinum will Amex have a problem with two cards back to back? Also I applied via my Amex account and haven’t seen a hard pull as of yet...is this for real? No hard pulls for existing members maybe?

If it helps for background ive had a BC Preffered Card for a couple years with a 24k CL. Ficos are good not great, all in the 720-740 range. Thanks!

Per your statement, I'm assuming you CAN meet the spending in one month? is it $2k? I've read about hicups with some people applying for two cards within a month, but again, i got two AMEX cards approved in one night (Delta Platinum & AMEX ED) while eating dinner

You could give it a try, should be SP if you get denied/approved. If you can meet $2k in one month for PRG, you should be ok spending $5k in 3 months for Platinum. If you really need it now, you could apply for the Ameriprise Platinum (which i did), that comes with the AF waived for the first year as well as up to three AU (metal cards as well), but no bonus comes with the. You WOULD BE eligible for the regular Platinum bonus when you apply/approved after the Ameriprise. This card is good becaue you can test drive it for a year for free. You get all the benefits as the regular Platinum!! But like above said, if you want the regular Platinum, wait for the 100k offer. I have a link which my wife used and worked for the 100k offer using ingcognito. And yes, do not try to close your PRG immediately after getting the bonus, they will nail you! lol. If you find the Platinum works better, you can always downgrade to Green ($95 AF) then close later down the road.

Edit: I applied for the regular Platinum on 3/4 and approved online right away. Next morning on 3/5 called to cancel the card because i wasn't going to be able to get the bonus (SP). Same day on 3/5, applied and appprovd right away for Ameriprise (SP). Charles S. Platinum is great BUT, HP required to open a checking account to be able to apply for it....no thank you

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:18:12 GMT

@Anonymouswrote:
One other point-if you decide to apply for the Platinum, do not cancel your PRG anytime soon after receiving the bonus. You should plan on keeping the card for a year. Amex has cracked down on account holders who cancel cards with AFs soon after receiving the spend bonus. Penalties can include loss of MR points and accounts being shut down.

Also the OP would lose the $100 Airline Gift Card for 2019 if they cancel the PRG now.

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:37:57 GMT

@Anonymouswrote:
@Anonymouswrote:
One other point-if you decide to apply for the Platinum, do not cancel your PRG anytime soon after receiving the bonus. You should plan on keeping the card for a year. Amex has cracked down on account holders who cancel cards with AFs soon after receiving the spend bonus. Penalties can include loss of MR points and accounts being shut down.
Also the OP would lose the $100 Airline Gift Card for 2019 if they cancel the PRG now.

Good point

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:53:16 GMT

Yes I feel comfortable with the spending requirements. I typically put about 2k a month through credit cards without doing anything out of the ordinary. So this should not be a concern.

Great info and thanks to everyone who replied.

c00mtg could you send me this link? I only see a 60k offer for platinum online. Thanks!

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 15:56:21 GMT

The link is somehow targeted and may not show up depending on your location and if they detect you as a current customer (i.e. by browser cookies).

Re: Amex Questions

Anonymous — Thu, 15 Mar 2018 19:34:16 GMT

@Anonymouswrote:
The link is somehow targeted and may not show up depending on your location and if they detect you as a current customer (i.e. by browser cookies).

Not true I applied under the link and was approved/confirmed by CSR that i applied for the 100k....canceled the next day as i wasn't going to be eligible for the bonus since i had the product before. You just need to follow the steps as shown.

Re: Amex Questions

coldfusion — Thu, 15 Mar 2018 22:15:07 GMT

There is no direct link for the current 100K Platinum bonus. Do a search on google for `Platinum 100K cardmatch` to get the exact sequence of steps to take to see if you can get an offer to pop up for you.