topic Re: One more Q on AMEX in Credit Cards

One more Q on AMEX

Anonymous — Wed, 05 Mar 2008 17:00:30 GMT

So, again, no real rush to get this card, but eventually the only card I want to have and use is a American Express.

I don't care about 'rewards' or other stuff. This one has a savings account attached, and that seems like about the only thing I might be interested in. I though I wanted a normal 'green' card, but I guess a little flexibility with carrying a balance is a good idea.

I took the short q/a on their site, and got this 'One' card.

What is the collective experience with this card? How hard to get etc?

Thanks
TBR

Re: One more Q on AMEX

Creditaddict — Wed, 05 Mar 2008 17:10:53 GMT

They allow you to revolve but it has no pre set limit like the Charge Accounts.

To optimize the 5% savings you have to spend quite a bit of money or else it's like 1 or 2% I believe (check amex site in small print to be sure)

don't know how hard it is to get though.

Re: One more Q on AMEX

Anonymous — Wed, 05 Mar 2008 17:28:44 GMT

@Creditaddict wrote:
They allow you to revolve but it has no pre set limit like the Charge Accounts.
To optimize the 5% savings you have to spend quite a bit of money or else it's like 1 or 2% I believe (check amex site in small print to be sure)
don't know how hard it is to get though.

That sounds good to me. I don't spend much, that may change in the next year or so. I could see running business expenses through it.

I think, once I get to the AMEX part of my life, I will be mostly done with credit cards. I will just use it, and ignore the others. One backup card, and thats it. My thought anyway. So, I would envision spending ~$700-$1000 per month, and PIF.

TBR

Re: One more Q on AMEX

Red1Blue — Wed, 05 Mar 2008 18:58:24 GMT

After first year, there is an AF on this card. Make sure your rewards off set the cost of AF on this card.