topic Re: Going straight for PR Gold in January? in Credit Cards

Going straight for PR Gold in January?

LS2982 — Mon, 19 Mar 2012 11:49:01 GMT

I believe my EX FICO will be around the 720 range, i'll have 1 year+ history on all open accounts other than DM with 9 months, would this be possible??

Also, what are the differences between Gold and Green?

Re: Going straight for PR Gold in January?

Repo-ed — Mon, 19 Mar 2012 11:50:57 GMT

What is the PR Gold?

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 12:14:35 GMT

@Repo-ed wrote:
What is the PR Gold?

Premier Rewards Gold. I'll let Tanner chime in on the rest lol.

Re: Going straight for PR Gold in January?

mmduluth — Mon, 19 Mar 2012 12:21:46 GMT

I say go for the PR Gold if that's what you want. I don't have an Amex charge so I don't know what the dirrences in colors are although it seems like maybe the PR had some kind of bonus categories or something.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 12:32:34 GMT

I say go for it, if you don't have too many inq on Ex.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 12:36:23 GMT

This is a question you might want to ask in November, when you have a clearer picture of your score.

It could be even higher than 720. I'd say just wait and see what happens until then, but if it is what you want, I'd say go for it.

Re: Going straight for PR Gold in January?

LS2982 — Mon, 19 Mar 2012 12:38:59 GMT

INQ's are at 14 now but all will be over 1 yr. old at apptime.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 12:51:59 GMT

@LS2982 wrote:
INQ's are at 14 now but all will be over 1 yr. old at apptime.

14 is a lot!

You might have a chance on re-con, though.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 12:52:08 GMT

PR has point multipliers, gold destinations, and early access to entertainment. Other than that it is the same as green. If you qualify for one then you qualify for the other as they have the same criteria.

Re: Going straight for PR Gold in January?

mmduluth — Mon, 19 Mar 2012 13:01:43 GMT

@Anonymous wrote:
PR has point multipliers, gold destinations, and early access to entertainment. Other than that it is the same as green. If you qualify for one then you qualify for the other as they have the same criteria.

So then what's the difference between and the regular Gold? Nothing at all?

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 13:05:45 GMT

@mmduluth wrote:
@Anonymous wrote:
PR has point multipliers, gold destinations, and early access to entertainment. Other than that it is the same as green. If you qualify for one then you qualify for the other as they have the same criteria.

So then what's the difference between and the regular Gold? Nothing at all?

Gold destinations and early access to entertainment.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 13:11:31 GMT

And the annual fee.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 13:45:24 GMT

The regular gold has early access to entertainment and gold destinations.
Premier rewards has 3X on airfare (4X if you use amex.com) 2X gas and groceries.
$125 vs $175. Usually PR gold is the better deal.

Re: Going straight for PR Gold in January?

pizzadude — Mon, 19 Mar 2012 13:54:14 GMT

How much annually do you think you will run thru the card ? If you aren't going to charge a lot during the year then ZYNC w/ a few packs might be a better fit.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 14:11:48 GMT

@Anonymous wrote:
The regular gold has early access to entertainment and gold destinations.
Premier rewards has 3X on airfare (4X if you use amex.com) 2X gas and groceries.
$125 vs $175. Usually PR gold is the better deal.

Plus the 15K MR bonus when you spend 30K a calander year.

Re: Going straight for PR Gold in January?

espnjunkie — Mon, 19 Mar 2012 14:34:07 GMT

It all depends on what you want and your spending patterns. In order to justify a high 175.00 annual fee you would have to be using the card alot and for the bonus categories (especially if you book alot of airfare). If you aren't spending alot on air travel then I would go with the green which has a 95.00 annual fee that is waived the first year. Almost all the same benefits but nearly half the fee.

Re: Going straight for PR Gold in January?

Anonymous — Mon, 19 Mar 2012 14:52:38 GMT

First year free on the PR gold, at least currently, makes it a no-brainer. If you're a new card member there's also a decent sign up bonus.
Whether or not it works out long term you have a year to find out.
That's my take. I use points for travel and value each at at least 2 cents, sometimes more like 4-5 cents.
So doing the math I need to spend far less than most people might figure to come out ahead of the AF.
YMMV. I also use the bonus mall, for example charging a new ipad on the plat will net over 2400 points (4X with plat). With the current BA 50% xfer bonus that becomes like 3600.
Which in airfare terms is likely at least $72.
It's not always so cut and dry. Most people spend a bit on groceries if not gas. So the $50 difference probably works out. The zync is a great card also as long as you don't plan to transfer points. Personally I think the gift cards are a lousy deal for redemption.
Another tip on gift cards. You can buy some through the bonus mall on buy.com for extra points if thry have anything you use.

Re: Going straight for PR Gold in January?

espnjunkie — Mon, 19 Mar 2012 14:55:49 GMT

There is no perfect card for everyone and it will depend on what your spending is like. If you are buying airfare each month then I would suggest PR Gold because of the 3X multiplier, but unless you spend on air travel then 2X gas and groceries alone do not justify a 175.00 annual fee for most people.

Re: Going straight for PR Gold in January?

Open123 — Mon, 19 Mar 2012 15:12:26 GMT

Well, it all depends on your spending level and types of spending along with the current promos at the time.

PR Gold - If first year fee is waived and sign up bonus, I would chose EVERY time. Before the fee hits, just downgarde to Green/Zync for the lower fee. You might even be offered a lowered fee Green if you request account closure.

If the PR Gold has no bonus or first year fee waived, I would only app for if I spend on airfare and will approach spending $30k. Without airfare and the $15k bonus, you'll NEVER make the $175 worthwhile.

Green, I would only app for if I travelled, and if there isn't any promos on the PR Gold.

Zync, I would chose if my spending will be below $20k/year, and I never travel.

What I would do is not app until there's a promo for the PR Gold. Right now, they're offering 25k bonus signup + first year fee waived. A moderately good deal, but I think we may see 50k bonus, though Amex has cut back significantly on generally offered signup bonuses. At this point, most signups will be tragetted offers.

Edit - When I say travel, I don't mean booking on their site. I mean, you need to be in a position to transfer MR points to FF programs. MR points aren't worth it if you do it any other way. Also, unless you're travelling soon, I'd get the Zync to rack up points faster, then app for a new PR Gold when there's a promo to transfer the points. Before the annual fees hit, then you can downgrade to the Green, and close the Zync.

Re: Going straight for PR Gold in January?

credithappy — Mon, 19 Mar 2012 16:38:22 GMT

@LS2982 wrote:
I believe my EX FICO will be around the 720 range, i'll have 1 year+ history on all open accounts other than DM with 9 months, would this be possible??

Also, what are the differences between Gold and Green?

WOW, you are going to try again. Good luck, LS2982.