topic Re: Amex Questions- in Credit Cards

Amex Questions-

GoldenloveNY — Mon, 15 Oct 2012 11:27:08 GMT

1) is there any income medium for Amex Gold Premier Rewards card?

2) I was approved for the ZYNC on September 19th (being preapproved for the Green and Gold), generated my first statement on October 12th,and paid my first outstanding balance of $1,059 yesterday. When can I app again for their higher charge rewards card? Don't you have to wait like 30 days between apps?

Thanks

Re: Amex Questions-

GoldenloveNY — Mon, 15 Oct 2012 11:30:56 GMT

Also, is it true that you always have a Amex account, any app denial will not be a HP?

Re: Amex Questions-

Anonymous — Mon, 15 Oct 2012 12:13:40 GMT

I believe you have to wait 30 days between apps. I would wait at least until you pay your second bill at least. And yes, it is true that for existing cardmembers, a denial is always just a SP. If you get approved, they do a HP just to double check. Just make sure you apply while logged in to your account!

Re: Amex Questions-

Revelate — Mon, 15 Oct 2012 15:57:24 GMT

It's 30 days if you're denied (application will be automatically cancelled); however, for approvals there's no such requirement. I'd probably wait the extra month anyway as scientifics suggests; however, there was another thread yesterday which discussed the spend requirements to really make the PRG worthwhile; I probably need to go napkin math it out at some point as I was frankly shocked by the findings but I'd suggest taking a look at it.

Edit: for reference and so I don't lose it (memory failing these days), all credit to Cdnewmanpac and CreditScholar: here

Re: Amex Questions-

GoldenloveNY — Mon, 15 Oct 2012 16:05:18 GMT

Thanks. Yea, I think after doing the math in my annual spending habits, the PRG is just not worth it. I am not going to spend at least 30K in a year to make he PRG worthwhile. Thanks for the link Revelate!