topic Re: Should I get this AMEX card? in Credit Cards

Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 04:53:46 GMT

I just have been selected to get the American Express Preferred Rewards Green Card. Any of you have any experience with this card? It has an annual fee of $95 but is waived the first year. It's a charge card. My FICO is 783 right now, I do not have any AMEX cards so this would be my first ever. Does this make any difference if I get it? I have 3 credit cards that get paid in full every month right now.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 05:14:05 GMT

it is "The Card"

I just got mine a week or so ago-

I was really happy that it reduced the AF on my Delta from 90 to 30.

What is your EX score?

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 05:22:08 GMT

Not sure what my EX score is, but it is pretty good I believe, never miss payments on anything nowadays, FICO 783+ I mean if I get this card it would be just to say I have an AMEX as I really don't know what else to do with it. I still have over 100,000 miles on my US Bank Platinum card that I have to use at some point soon. Are the rewards on this card any good?

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 05:48:28 GMT

IMO- YES

Re: Should I get this AMEX card?

heirophant — Sat, 05 Jan 2008 12:54:51 GMT

What about the AMEX card validates its high AF? There are tons of cards that give rewards on a 1 to 1 ratio that don't have an AF. Why is AMEX special? Just seems rediculous to pay for it.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 16:50:38 GMT

I used a lot of the amex offers during christmas time they have a lot of discounts on things just by using an amex and having their offer code. Just last night I ordered a pizza and got another free just becuase of amex. The more I look into it the more deals I find.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 16:52:03 GMT

And it makes me feel cool that I have an amex

Message Edited by RGordon on 01-05-2008 08:52 AM

Re: Should I get this AMEX card?

CreditDrama85 — Sat, 05 Jan 2008 16:56:24 GMT

credit card cow, what is wrong with you? get a discover more card if you just want an elite card. if you want an amex, i suggest the black citi platinum amex (with a min cl of $8,000), or as a third choice the capital one no hassle miles mastercard for professionals.

Amex is a great card to have until you really need it. dont ruin your good credit by getting caught up in the amex hype.

Message Edited by CreditDrama85 on 01-05-2008 08:56 AM

Re: Should I get this AMEX card?

Red1Blue — Sat, 05 Jan 2008 17:33:29 GMT

Hi Gordon, where do we get the second pizza for free when we use amex? I'll buy pizza every day from now on wards if they give one for free for using amex.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 17:46:45 GMT

concorduser wrote:
Hi Gordon, where do we get the second pizza for free when we use amex? I'll buy pizza every day from now on wards if they give one for free for using amex.

Glad you ask, and I am happy to share my secerts

When you log into your amex account go to the toolbar across the top Explore rewards and benefits and pull that menu down and click shopping Then look towards the middle of the screen for Find Offers and under that click American Express Selects. Search that site for pizza and you will find it. It is Papa John's so I hope you have that by your house.

Hope that helps, I always look through their offers. For Christmas I saved a lot of money using all those codes, and not just for pizza!

Papa John's International, Inc.

Free Papa John's pizza with the purchase of an extra-large specialty pizza online!

Message Edited by RGordon on 01-05-2008 09:46 AM

Re: Should I get this AMEX card?

jsmith12345 — Sat, 05 Jan 2008 17:51:45 GMT

I don't see the point in paying an annual fee on any credit card unless you're rebuilding credit. Amex has choices with no annual fee. I have their Clear card with no annual fee and am very satisified with it.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 17:55:56 GMT

It hasn't reported to my CR yet, but I hope that it helps that I will have an "other" account. What is everyone's experience about what it does to your score? It is funny how fast my amex cc reported but still no amex charge card reporting.

Re: Should I get this AMEX card?

Anonymous — Sat, 05 Jan 2008 18:22:51 GMT

The fee is minimal-

Mine $90 on Green and $30 on skymiles

Just the extra waranty on Xmas shoping covers these fees, I also have 31K miles (I think that is enough for something)

The Buyers protection (return policy changes), some pretty cool add'l insurance that costs nothing-

jsmith12345 wrote:

I don't see the point in paying an annual fee on any credit card unless you're rebuilding credit. Amex has choices with no annual fee. I have their Clear card with no annual fee and am very satisified with it.

Re: Should I get this AMEX card?

notmyname — Sun, 06 Jan 2008 02:34:36 GMT

I suppose a lot of people just don't have a lot of experience with CHARGE CARDS. Since there is little likely hood that they will make interest off the account they charge a membership fee.(of course they make money off retailer fees) They are charging for service and as some on here have inferred , if you learn the game there is a lot of service and perks to be had. People are getting confused with apples and oranges. There is an Amex product for almost everyone.

Unfortunately there are also people here who have a negative agenda and are scare mongers and what they say about companies betrays their bitter on the outside looking in attitude. I suggest all people should do their homework and try what works for themselves personally.

Message Edited by notmyname on 01-05-2008 08:34 PM

Re: Should I get this AMEX card?

Red1Blue — Sun, 06 Jan 2008 02:46:24 GMT

Hi notmyname, I tend to resent what you say that some people here are "what they say about companies betrays their bitter on the outside looking in attitude" Trust me, I have seen what Amex did to me. I have applied online and the system said I am approved for $1000 and I'll receive the card in 10 days. Then when I call they said I would receive a letter. I got the letter asking for my income/address verification from my CPA/banker/Broker/Atty. I have sent the letter. When I talk to the CSR guy at Amex says they need my permission to get the tax returns and other details.

Trust me no one every treated me like this in my life for $1000 C/Card. They have to first decide what their approval process is and stick to it. I have done every thing they asked me and they ask for more. I would have not offeneded if they flat out decline my app. Several other companies declined my app's and it did not bother me. But treating me like this I have never seen. My fico is at 700 now and I am sure soon it will exceed 750 by middle of this year.

You defending the Amex actions and calling us sourgrape and looking from outside does not make sense. Either Amex decide what they want to do and how they approve. They can say like Juni they approve only 2 cards. Why do they let people apply for all card and then start FR? They have to get their act together before they start treating people like dirt.

Re: Should I get this AMEX card?

notmyname — Sun, 06 Jan 2008 03:22:33 GMT

Concorduser,

I thoroughly agree with you. I think that they handled your situation very poorly. I remember reading about it. Please don't misunderstand any of my post. When I speak in support of an entity it is in the context of the moment . I would not lay a blanket of support over anything. When something or someone is right give credit and conversely.

My comment was an inference to an earlier post that made a derogatory blanket statement to someone new looking for information , not grudges.

As you know there is a tendency on the internet toward negativism, and I am afraid I am human and therefore not immune. When I respond to a negative post it is often in a negative tone. I suppose I should just move on, most of the time I do . Being Saturday evening I just happen to have the time and inclination to indulge myself with this tonight.

Again, please do not take my comment as relative to your experience which I believe to be very unfortunate and uncalled for.

Good luck on all your conquest for fame and fortune,

Re: Should I get this AMEX card?

Anonymous — Sun, 06 Jan 2008 04:41:50 GMT

concord How did you only get approved for 1k, with scores of 700? What did you say on your app? What's in your credit file? I do remember that thread too (when you first app'd). As I stated on another post, I would rather get an FR before I get the card than after. Why did you get the Optima if AmEx treated you so bad?

Now what I don't understand is why people app for AmEx (knowing the FR's are possible) and then get mad when it happens to them.

Message Edited by jaybee on 01-05-2008 08:41 PM

Re: Should I get this AMEX card?

Red1Blue — Sun, 06 Jan 2008 05:27:28 GMT

Hi Jaybee, I paid off my old debt to Amex and they are sending me Optima Oasis card. As per my Delta card, I have followed what Amex asked me and sent that information they asked. If you want I can send you the screen capture showing that my app is approved for $1000. Do you want me to send it?

Re: Should I get this AMEX card?

Anonymous — Sun, 06 Jan 2008 05:35:55 GMT

No, I do not think that you were not approved, that is not what I was saying.

I was wondering what triggered the FR and why only a 1k limit with your scores. From what I am noticing they do Fr's on people that has been doing a lot of app'ing, requesting CLI's every time you look up, and other things that scares them. I was just wanting to know had you done any of those things because that seems to be the characteristics that trigger FR's.

As far as the Optima, if they had treated me like that I would not want it at all (especially if there was not any suspicious activity on my part).

Re: Should I get this AMEX card?

Red1Blue — Sun, 06 Jan 2008 05:41:44 GMT

As soon as I get my Oasis card, I am going to sock drawer it as soon as I get it. I have no desire to use it or bother with it. Supposedly $5K CL Oasis Optima Card. I am going to stick to my Visa/MC and once my scores reach I would add Discover.

Amex can take the approach like Juni. If some applies for more cards simply say they allow only 2. If some one asks for more CLI they can simply say like Juni, you have sufficient credit with Amex. They have to first decide what their guide lines are. There are several other companies out there issuing cards. I am not sure what is so special about Amex to treat people like this.