topic Re: Finally PreQualified for AMEX - Now Which One? in Credit Cards

Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 00:54:40 GMT

Hi All

Finally prequalified for AMEX, trying to decide which one?

Here are the Choices:

Gold Delta SkyMiles® Credit Card

Amex EveryDay® Credit Card

Cash Magnet™ Card

Any suggestions appreciated, Thanks!!!

No late or delinquients, good credit mix, a few inquiries 34% utilization, pay well above minimum payments...

Re: Finally PreQualified for AMEX - Now Which One?

peghede — Fri, 13 Jul 2018 00:56:49 GMT

that's easy one to decide m8

Magnet , gotta have the magnet.

Re: Finally PreQualified for AMEX - Now Which One?

K-in-Boston — Fri, 13 Jul 2018 01:01:46 GMT

Those are three very different cards. The question we have for you is what kind of rewards do you prefer, cash or travel? If travel, do you (or will you) fly on Delta at least once a year with a companion or at least twice a year solo?

If you are preapproved for all 3 of those, it’s quite likely you would be approved for pretty much anything in the Amex lineup. Decide on what kind of rewards you want and what best fits your spending, then select the best card.

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:04:43 GMT

wrote:
Those are three very different cards. The question we have for you is what kind of rewards do you prefer, cash or travel? If travel, do you (or will you) fly on Delta at least once a year with a companion or at least twice a year solo?

If you are preapproved for all 3 of those, it’s quite likely you would be approved for pretty much anything in the Amex lineup. Decide on what kind of rewards you want and what best fits your spending, then select the best card.

Not too fussed on travel as I have a few with the airlines I actually fly... Probably go for cash...

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:05:56 GMT

@peghede wrote:
that's easy one to decide m8
Magnet , gotta have the magnet.

Leaning that way... lol

Re: Finally PreQualified for AMEX - Now Which One?

K-in-Boston — Fri, 13 Jul 2018 01:07:26 GMT

For cash, that leaves you 1 of those 3 options. If you’re looking to “get in” with Amex and can justify the AF, the 100,000 MR offer is floating around again for Platinum. At least $1200 in airline value vs the small cash bonus on the Cash Magnet card.

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:17:57 GMT

If you like cash back, i would say the Magnet or BCE.

I would check on the Platinum if it has the 100k offer, that is a good one. Mine is stuck at 60k currently

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:40:10 GMT

@K-in-Boston wrote:
For cash, that leaves you 1 of those 3 options. If you’re looking to “get in” with Amex and can justify the AF, the 100,000 MR offer is floating around again for Platinum. At least $1200 in airline value vs the small cash bonus on the Cash Magnet card.

@K-in-Boston NOPE NOPE NOPE.. all i have is the 60k offer

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:44:07 GMT

@K-in-Boston wrote:
For cash, that leaves you 1 of those 3 options. If you’re looking to “get in” with Amex and can justify the AF, the 100,000 MR offer is floating around again for Platinum. At least $1200 in airline value vs the small cash bonus on the Cash Magnet card.

Hmmm Thinking maybe then the Every Day Card? The Magnet looks ok, but looking at the benefits is pretty generic, Thoughts?

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:53:38 GMT

@Anonymous wrote:
@K-in-Boston wrote:
For cash, that leaves you 1 of those 3 options. If you’re looking to “get in” with Amex and can justify the AF, the 100,000 MR offer is floating around again for Platinum. At least $1200 in airline value vs the small cash bonus on the Cash Magnet card.
Hmmm Thinking maybe then the Every Day Card? The Magnet looks ok, but looking at the benefits is pretty generic, Thoughts?

I love my ED as it will be a place holder for my MR points if i don't keep a charge card active, but its not a good CB card honestly.

The ED (Everyday) is an MR points card. If you use it as Cashback the points are effectively valued at 0.6 CPP. Sometimes you can get more value from it if you use it to get a giftcard with the points. Depends on the offers and what you like to buy tho.

The BCE is a cashback card that earns 3x grocery/2x gas/1x everything else. Redeem at $25

The Magnet is 1.5% on everything I think its also $25 to redeem.

Re: Finally PreQualified for AMEX - Now Which One?

kilroy8 — Fri, 13 Jul 2018 01:51:53 GMT

I'm thinking the Every Day card needs > 30 transactions a month to maximize points. What do you spend money on? If Gas and Groceries (at a real grocery store), then BCE for sure.

Re: Finally PreQualified for AMEX - Now Which One?

wasCB14 — Fri, 13 Jul 2018 01:53:40 GMT

What makes you so sure you should get one in the first place?

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:54:34 GMT

@kilroy8 wrote:
I'm thinking the Every Day card needs > 30 transactions a month to maximize points. What do you spend money on? If Gas and Groceries (at a real grocery store), then BCE for sure.

Its 20 per month on ED for 20% additional and 30 per month on EDP for 50% additional

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 01:56:47 GMT

@Anonymous wrote:
@Anonymous wrote:
@K-in-Boston wrote:
For cash, that leaves you 1 of those 3 options. If you’re looking to “get in” with Amex and can justify the AF, the 100,000 MR offer is floating around again for Platinum. At least $1200 in airline value vs the small cash bonus on the Cash Magnet card.
Hmmm Thinking maybe then the Every Day Card? The Magnet looks ok, but looking at the benefits is pretty generic, Thoughts?
I love my ED as it will be a place holder for my MR points if i don't keep a charge card active, but its not a good CB card honestly.

The ED (Everyday) is an MR points card. If you use it as Cashback the points are effectively valued at 0.6 CPP. Sometimes you can get more value from it if you use it to get a giftcard with the points. Depends on the offers and what you like to buy tho.
The BCE is a cashback card that earns 3x grocery/2x gas/1x everything else. Redeem at $25
The Magnet is 1.5% on everything I think its also $25 to redeem.

Hmmm only ones I'm prequal for is either the Amex ED or Magnet, wish it was the BCE, so I'm hearing... Lean to Magnet????

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 02:02:35 GMT

@Anonymous
Hmmm only ones I'm prequal for is either the Amex ED or Magnet, wish it was the BCE, so I'm hearing... Lean to Magnet????

Bascially the BCE and Magnet are the same approval type, and alot of ppl have PC-ed between the two easily. Now if the BCE isnt showing the pre-approved, i would say that you could probably get it, but YMMV. If you dont have a 1.5% card, i would highly recommend getting Magnet.

Re: Finally PreQualified for AMEX - Now Which One?

JohnnyGaddar — Fri, 13 Jul 2018 02:07:46 GMT

@Anonymous wrote:
Hi All

Finally prequalified for AMEX, trying to decide which one?

Here are the Choices:

Gold Delta SkyMiles® Credit Card

Amex EveryDay® Credit Card

Cash Magnet™ Card

Any suggestions appreciated, Thanks!!!

No late or delinquients, good credit mix, a few inquiries 34% utilization, pay well above minimum payments...

Cash Magnet. Go for it. 👍

Re: Finally PreQualified for AMEX - Now Which One?

K-in-Boston — Fri, 13 Jul 2018 02:13:58 GMT

If you want cash back, stay away from anything that earns MRs. As already stated, you'll get horrible value. If you're prequalified for the new Cash Magnet, you're likely eligible for the Blue Cash EveryDay and the Bule Cash Preferred, the latter of which does have an annual fee. Look at your spend and see which of the three would earn you the most cash back.

Re: Finally PreQualified for AMEX - Now Which One?

peghede — Fri, 13 Jul 2018 02:30:40 GMT

@jamesabbey , so whats the SL you got on your new approved Magnet

Re: Finally PreQualified for AMEX - Now Which One?

Anonymous — Fri, 13 Jul 2018 02:36:50 GMT

@peghede wrote:
@jamesabbey , so whats the SL you got on your new approved Magnet

Doesnt say... ???