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2 more Amex Cards

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Regular Contributor

2 more Amex Cards

I've been gardening since November 2018. Haven't been able to decide on a Charge Card for awhile. Couldn't justify annual Fee on the Gold or Platinum based on my business needs and spend.

Finally decided on the Plum Card. Made the most sense.
Based on 2/90 Rule I picked up the Blue Business Cash Card @ $2,000 as a revolver.
FICO 8 690 Experian 14 Inquires 2yrs/ AAOA 4yrs 6m
I now have 3 Amex Business Cards. I put a lot of spend on my Bonvoy, was in San Diego for a full week last month and that's the card I used the entire time.



Current Scores 09/8/2019 TU 718, EX 690, EQ 687 Previous 10/05/2018 EQ Fico 8 [696] 5 Inqs, EX Fico 8 [666] 14 Inqs, TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU nRewards $2K, Care Credit $20K, TFCU Platinum Visa $8K, DCU Rewards Visa 10K, USAA Platinum Visa 2K, Costco Visa $5.5K, NFCU AMEX $15K, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $10k, ExxonCard $1500, PenFed Visa Sig $6k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $1900, Amex BCE $500, Amex SPG 2K, BarClay Arrival $2k, DiscoverIT $14.5k, AmazonCard $5000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $17K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 1 of 9
8 REPLIES 8
New Contributor

Re: 2 more Amex Cards

Congratulations!!! I just got the BBC last week and will go after the Platinum late December. As my business spend goes up significantly Jan-May every year.

 

I also have 2 Simply Cash+ cards for 2 different businesses. AMEX is awesome when building business credit.

Message 2 of 9
Regular Contributor

Re: 2 more Amex Cards

I agree! Congrats to you as well.



Current Scores 09/8/2019 TU 718, EX 690, EQ 687 Previous 10/05/2018 EQ Fico 8 [696] 5 Inqs, EX Fico 8 [666] 14 Inqs, TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU nRewards $2K, Care Credit $20K, TFCU Platinum Visa $8K, DCU Rewards Visa 10K, USAA Platinum Visa 2K, Costco Visa $5.5K, NFCU AMEX $15K, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $10k, ExxonCard $1500, PenFed Visa Sig $6k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $1900, Amex BCE $500, Amex SPG 2K, BarClay Arrival $2k, DiscoverIT $14.5k, AmazonCard $5000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $17K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 3 of 9
New Contributor

Re: 2 more Amex Cards

Awesome!  Don't forget about the 61 day CLI.  

Message 4 of 9
Regular Contributor

Re: 2 more Amex Cards

Thanks for the reminder. I've never been able to get one due to past BK I'm guessing on personal side. I'm 7yrs post this year so maybe I'll get one. My Bonvoy I'm waiting 90days since my last denial will be in November. BCE Card been sitting at 500 since 2017. Smh



Current Scores 09/8/2019 TU 718, EX 690, EQ 687 Previous 10/05/2018 EQ Fico 8 [696] 5 Inqs, EX Fico 8 [666] 14 Inqs, TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU nRewards $2K, Care Credit $20K, TFCU Platinum Visa $8K, DCU Rewards Visa 10K, USAA Platinum Visa 2K, Costco Visa $5.5K, NFCU AMEX $15K, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $10k, ExxonCard $1500, PenFed Visa Sig $6k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $1900, Amex BCE $500, Amex SPG 2K, BarClay Arrival $2k, DiscoverIT $14.5k, AmazonCard $5000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $17K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 5 of 9
Valued Contributor

Re: 2 more Amex Cards

I thought that the Plum card was no frill/no rewards card, which makes the AF kinf of high compared to other cards that do?



Message 6 of 9
Regular Contributor

Re: 2 more Amex Cards


@Janus wrote:

I thought that the Plum card was no frill/no rewards card, which makes the AF kind of high compared to other cards that do?


There was no annual fee in my offer when I applied. It may be 0 annual fee for 12 months then $99 after that. I felt most confident getting this card on the first attempt vs the others. I will re-evaluate after a year then maybe go to the Gold card. Platinum doesn't make sense at all for me right now but in 3 years or so perhaps.



Current Scores 09/8/2019 TU 718, EX 690, EQ 687 Previous 10/05/2018 EQ Fico 8 [696] 5 Inqs, EX Fico 8 [666] 14 Inqs, TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU nRewards $2K, Care Credit $20K, TFCU Platinum Visa $8K, DCU Rewards Visa 10K, USAA Platinum Visa 2K, Costco Visa $5.5K, NFCU AMEX $15K, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $10k, ExxonCard $1500, PenFed Visa Sig $6k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $1900, Amex BCE $500, Amex SPG 2K, BarClay Arrival $2k, DiscoverIT $14.5k, AmazonCard $5000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $17K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 7 of 9
Moderator

Re: 2 more Amex Cards


@jaeski33 wrote:

@Janus wrote:

I thought that the Plum card was no frill/no rewards card, which makes the AF kind of high compared to other cards that do?


There was no annual fee in my offer when I applied. It may be 0 annual fee for 12 months then $99 after that. I felt most confident getting this card on the first attempt vs the others. I will re-evaluate after a year then maybe go to the Gold card. Platinum doesn't make sense at all for me right now but in 3 years or so perhaps.

It always pays to do a bit of research beforehand.  While Plum typically has the 1st year intro without the AF, after the first year it's $250, not $99.  Also, be aware that this is a charge card, with slight flexibility on payments (60 days), but it's not a revolver.

Message 8 of 9
Highlighted
Regular Contributor

Re: 2 more Amex Cards

Thanks for the info. I did a comparison of the plum vs the gold card beforehand. I'm aware that it's a charge card which is what I wanted. I liked the 0 fee for the first year in case I wanted to swap it out later. Slight mistake on the $99/$250 after first year but I do research on every card up front after I read the forums. Thanks again for the input.



Current Scores 09/8/2019 TU 718, EX 690, EQ 687 Previous 10/05/2018 EQ Fico 8 [696] 5 Inqs, EX Fico 8 [666] 14 Inqs, TU Fico 8 [702] 18 Inqs.
Gardening since 11/08/2018.
EQ-Fico 8 [699] EX-Fico 8 [639] TU-Fico 8[652]
UTI 14% NFCU nRewards $2K, Care Credit $20K, TFCU Platinum Visa $8K, DCU Rewards Visa 10K, USAA Platinum Visa 2K, Costco Visa $5.5K, NFCU AMEX $15K, Wells Fargo Cash Wise 9.5K, Barclays AAdvantage MC $2K, NFCU GoRewards 10K, Home Depot Commercial $1k, Best Buy Visa $10k, ExxonCard $1500, PenFed Visa Sig $6k, NFCU CLOC $10K, Boscov's $13.3K, Overstock $12.5k, Sportmans $1900, Amex BCE $500, Amex SPG 2K, BarClay Arrival $2k, DiscoverIT $14.5k, AmazonCard $5000, PayPal MC 8K, Mercury MC $5.5K, CapOne Silver $16.5K, Lowes Credit $17K, Wal-Mart Store Card $9K, Wayfair $14.4K
Message 9 of 9
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