topic Re: Amex Green question. in Credit Cards

Amex Green question.

Blueprint83 — Sun, 30 Mar 2014 01:42:53 GMT

I really don't like this card or the $95 AF and i hardly use it. Is it a bad thing not to have any usage for more than a statement period??

Re: Amex Green question.

myjourney — Sun, 30 Mar 2014 01:43:22 GMT

@Blueprint83 wrote:
I really don't like this card or the $95 AF and i hardly use it. Is it a bad thing not to have an usage for more than a statement period??

IMHO no

If it doesn't benefit you then before the AF hits close it

Re: Amex Green question.

Blueprint83 — Sun, 30 Mar 2014 01:48:24 GMT

Ok thanks. Just seems like the points dont really add up to the other rewards cards. I luv using the Chase Amazon rewards and Discover it.

Re: Amex Green question.

myjourney — Sun, 30 Mar 2014 01:49:16 GMT

@Blueprint83 wrote:
Ok thanks. Just seems like the points dont really add up to the other rewards cards. I luv using the Chase Amazon rewards and Discover it.

Yeah it's a heavy spend card or it's not worth the AF

Re: Amex Green question.

Transmogrifying_Bee — Sun, 30 Mar 2014 02:24:49 GMT

You could always change to the Amex "Senior Green" version with a $35.00 AF (no Membership Reward points), or $75.00 AF, with MR points.

This card was a fairly recent topic of Forum conversation, if you care to search for more information.

Re: Amex Green question.

Kenny — Sun, 30 Mar 2014 19:49:55 GMT

A word to the wise, I would get a revolver before you close the charge card just in case you aren't approved then it's just a SP.

I still don't understand why one would keep this card even with only a 35 annual fee.

What is the value in this card to you, Transmorgifying_Bee? Just very curious to see the value in it. -- As I'm thinking about closing mine, as well.

Re: Amex Green question.

Open123 — Sun, 30 Mar 2014 20:30:48 GMT

@myjourney wrote:
@Blueprint83 wrote:
I really don't like this card or the $95 AF and i hardly use it. Is it a bad thing not to have an usage for more than a statement period??
IMHO no
If it doesn't benefit you then before the AF hits close it

With the Amex ED cards, unless one needs the NPSL, there is absolutely *NO* reason to pay for the Green Charge.

Re: Amex Green question.

Transmogrifying_Bee — Sun, 30 Mar 2014 23:14:57 GMT

@ KennyS2006 - - - I agree with your assessment of the Amex Green card. I renewed (@$35.00) for the year, but almost NEVER use this card anymore. I obtained the Amex BCE card last year and now have $24L CL on that card alone, and can probably get a CLI if I need it, which I don't for the foreseeable future! Hence, I will probably NOT renew my Green card next year. Hate to say goodbye to a card I've had for many years, but I am essentially wasting $35.00/year for basically sentiment's sake! My Amex BCE keeps me in their "family," and I can always reapply again in the future for a Green or maybe Platinum card (travel?) IF there's some benefit for me to have a NPSL card. With my decent CL on my Amex BCE card and some degree of NPSL latitude with my Chase Sapphire Visa Signature card, I should be well covered for any anticipated personal spending for the time being.

And as to having too many accounts, I have the same problem. Even though I have only 9 CC's, I plan on eliminating at least 2 or 3 cards. Definitely the Chase Amazon card (transfer my measly $1K CL to my Chase Sapphire card), and maybe closing one or both of my Capital One cards? Gotta think that through a bit more . . . !

Re: Amex Green question.

Kenny — Mon, 31 Mar 2014 00:16:55 GMT

@Transmogrifying_Bee wrote:
@ KennyS2006 - - - I agree with your assessment of the Amex Green card. I renewed (@$35.00) for the year, but almost NEVER use this card anymore. I obtained the Amex BCE card last year and now have $24L CL on that card alone, and can probably get a CLI if I need it, which I don't for the foreseeable future! Hence, I will probably NOT renew my Green card next year. Hate to say goodbye to a card I've had for many years, but I am essentially wasting $35.00/year for basically sentiment's sake! My Amex BCE keeps me in their "family," and I can always reapply again in the future for a Green or maybe Platinum card (travel?) IF there's some benefit for me to have a NPSL card. With my decent CL on my Amex BCE card and some degree of NPSL latitude with my Chase Sapphire Visa Signature card, I should be well covered for any anticipated personal spending for the time being.

And as to having too many accounts, I have the same problem. Even though I have only 9 CC's, I plan on eliminating at least 2 or 3 cards. Definitely the Chase Amazon card (transfer my measly $1K CL to my Chase Sapphire card), and maybe closing one or both of my Capital One cards? Gotta think that through a bit more . . . !

I wondered what would be the reasons you might keep it. I thought well maybe it's just a good long trade line. Looks like I was right somewhat.

It's crazy.. I want to trim the fat, but I want to build muscle in the way of cards that have better value than the ones I have. Currently have a 2%-er card with the Arrival so that got rid of the 2% Fidelity that I was thinking about.. but I just can't get the Sallie Mae out of my head. lol

Re: Amex Green question.

Blueprint83 — Fri, 04 Apr 2014 21:19:18 GMT

Thanks for the valuable input guy's.

Re: Amex Green question.

budugu — Fri, 04 Apr 2014 21:32:00 GMT

@KennyS2006 wrote:
Currently have a 2%-er card with the Arrival so that got rid of the 2% Fidelity that I was thinking about.. but I just can't get the Sallie Mae out of my head. lol

I guess unless the Forex spend and non AMEX spend makes up for the 89$ annual fee, Fid amex might come out ahead?

Re: Amex Green question.

icetrap06 — Sat, 05 Apr 2014 16:06:01 GMT

@KennyRS wrote:
A word to the wise, I would get a revolver before you close the charge card just in case you aren't approved then it's just a SP.

I still don't understand why one would keep this card even with only a 35 annual fee.

What is the value in this card to you, Transmorgifying_Bee? Just very curious to see the value in it. -- As I'm thinking about closing mine, as well.

I've had my Green for a while now (first AMEX card), and after reading this post, I went ahead and applied for the Everyday card. I had been thinking about it for a while, but just never pulled the trigger. Your right, it doesn't make sense to pay that annual fee, when other cards have more perks with less of a fee. With that said, once I recieve my new card, I'm going to close the Green. It does hurt from a sentimental standpoint, but business is business.