topic Re: Closed out AMEX!! in Credit Cards

Closed out AMEX Green Card!!

corymcd88 — Tue, 23 Sep 2014 05:57:38 GMT

Closed out AMEX Green Card! High AF for what I need and use. Keped my ZYNC card and Hilton Card.

Re: Closed out AMEX!!

Kenny — Tue, 23 Sep 2014 06:18:09 GMT

Good job.. the Amex green blows. lol Edited since you edited. Neat that you kept the Zync.

Re: Closed out AMEX!!

SunriseEarth — Mon, 22 Sep 2014 23:52:14 GMT

If you found better products, then congrats. Everyone's credit journey is unique. Personally, I've had great experiences with AMEX, but not people do.

Re: Closed out AMEX!!

Anonymous — Mon, 22 Sep 2014 23:54:21 GMT

@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.

NO,NO, NO, it's much better to have no AF Amex cards and to not live beyond your means so you culdn't care less what APR they would charge....

Re: Closed out AMEX!!

Jlu — Tue, 23 Sep 2014 00:03:46 GMT

Although I feel as though OP is being a bit trollish I must say that the customer service of AMEX has been overtaken by Discover in recent years. It used to be that AMEX would move mountains to accomodate your every last wish as long as you were swiping their card. Now it is as though you are bothering them whereas when I call 800-DISCOVER I am immediately connected to a CSR who acts like they want my business.

Good for you OP, I personally would never give up my AMEX as it carries a certain amount of classy satisfaction whenever I say 'charge it to my AMEX' - it's almost as though my ego is a hostage and the annual fee is the ransom money

Re: Closed out AMEX!!

ezdoesit — Tue, 23 Sep 2014 00:11:31 GMT

@Jlu wrote:
Although I feel as though OP is being a bit trollish I must say that the customer service of AMEX has been overtaken by Discover in recent years. It used to be that AMEX would move mountains to accomodate your every last wish as long as you were swiping their card. Now it is as though you are bothering them whereas when I call 800-DISCOVER I am immediately connected to a CSR who acts like they want my business.

Good for you OP, I personally would never give up my AMEX as it carries a certain amount of classy satisfaction whenever I say 'charge it to my AMEX' - it's almost as though my ego is a hostage and the annual fee is the ransom money

Totally unrelated you still have the JP Select aren't they eventually switching that card to the CSP?

Re: Closed out AMEX!!

Jlu — Tue, 23 Sep 2014 00:42:04 GMT

^Indeed that is what Chase Private Client told me when I last spoke to them. They are trying to sell me on the Palladium if I agree to move all my assets and allow them to charge me outrageous fees for 'wealth management'. I'm sort of riding it out and seeing if they'll buy me out - perhaps I'll agree to close the card in exchange for a large amount of UR points heheheh

Re: Closed out AMEX!!

Luscher — Tue, 23 Sep 2014 00:43:16 GMT

Just tell them you are considering, get the application get approved and then don't invest. Or you can have your money in there accounts and say you are trying to decide on to invest or not, it doesn't matter.

Re: Closed out AMEX!!

Kenny — Tue, 23 Sep 2014 00:44:58 GMT

Jlu what's the downside of moving funds over to CPC with and get the Palladium? All your ducks in one pond? Can one obtain the Palladium moving the funds and then move funds out afterwards? Does the Palladium require you to keep said funds as a condition of the having the card?

Re: Closed out AMEX!!

Jlu — Tue, 23 Sep 2014 00:55:04 GMT

^ The downside is that I would need to take literally every penny out of every account I control to even qualify for the card. I was only told that I could get in with $10M, which is doable, but not wise. That liquidity can be put to work flipping more tech start-ups rather than sitting in a JPMorgan vault while they suck out their fees. All for a card? ...They say there are less than 5,000 Palladium's in circulation - less than Centurion. Perhaps there's a reason?

I do not feel as though I qualify for what Bloomberg has dubbed "the card for the 1% of the 1%" considering I could hardly qualify for a Cap1 Mastercard a few years ago. They did make mention of a PC to the Ritz-Carlton card in lieu of extending my CSP's CL to $20k. Frankly I have more credit than I could possibly use at the moment and I'm more or less collecting cards for purposes of status.

Re: Closed out AMEX!!

Anonymous — Tue, 23 Sep 2014 01:10:26 GMT

@SunriseEarth wrote:
If you found better products, then congrats. Everyone's credit journey is unique. Personally, I've had great experiences with AMEX, but not people do.

I've never once had a bad experience with Amex CSR's, but that's just me.

Re: Closed out AMEX!!

Anonymous — Tue, 23 Sep 2014 01:14:06 GMT

@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.

Congrats cory. I have to agree with you. Those bankers live in million dollar homes, and we don't! LMAO

Re: Closed out AMEX!!

Jlu — Tue, 23 Sep 2014 01:18:30 GMT

@Anonymous wrote:
@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.
Congrats cory. I have to agree with you. Those bankers live in million dollar homes, and we don't! LMAO

We don't?

Re: Closed out AMEX!!

Anonymous — Tue, 23 Sep 2014 01:25:23 GMT

@Jlu wrote:
@Anonymous wrote:
@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.
Congrats cory. I have to agree with you. Those bankers live in million dollar homes, and we don't! LMAO

We don't?

lol...Most of us don't. Banks are are like casinos the house always wins.

Re: Closed out AMEX!!

Jlu — Tue, 23 Sep 2014 01:33:58 GMT

If you stick around you'll learn how to count cards like some of us

Re: Closed out AMEX!!

Anonymous — Tue, 23 Sep 2014 02:07:59 GMT

@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.

Just because your history and scores can't justify a decent APR/CL with a premire card company is no reason to blame AMEX. Perhaps you should look in the mirror?

Re: Closed out AMEX!!

Luscher — Tue, 23 Sep 2014 02:38:30 GMT

To get the palladium card you only need 250k in a private chase account.

Re: Closed out AMEX!!

Anonymous — Tue, 23 Sep 2014 02:45:40 GMT

@Anonymous wrote:
@corymcd88 wrote:
It feels so good to close out AMEX! Poor CSR's high fees and high APR much better to get cards from bank that have low APR's like PenFed or a other CU.
Just because your history and scores can't justify a decent APR/CL with a premire card company is no reason to blame AMEX. Perhaps you should look in the mirror?

Why so harsh? Amex DOES generally have higher APRs than many CUs (as do most banks). Maybe OPs experience with the CSRs has been bad, I've had my share. CL wasn't mentioned, and yes, many Amex cards have high fees (which may or may not be worth it). Penfed cards are usually harder to get than Amex, and OP has two of those.

Re: Closed out AMEX!!

Luscher — Tue, 23 Sep 2014 03:06:56 GMT

Any interest rate is too high in my book, but I don't app for cards based on interest rates( PIF!), I app based on needs/wants

Re: Closed out AMEX!!

weehoo — Tue, 23 Sep 2014 03:10:57 GMT

The overseas call centers for Amex are annoying! Thats my only gripe