So a few data points. Current score is 804. 3% utilization on $195k available credit. I have 1 personal account credit card, 1 personal loan and 2 business credit cards with AMEX. This would be my first charge card with them. I usually pay in full and don't carry a balance. My personal credit card has a $12k limit. My business cards have $22k limits each. I have been pre approved many times for Gold and Platinum cards and I put the application in for the Gold mainly because of the 4x points on dining that I currently use a Cap One Savor for at 3%. Since this is a charge card how does this affect my credit score if I accept? No credit limit so this won't help my utilization correct? Will it hurt it? I thought I read somewhere the credit report will show that card at 100% utilization for whatever amount is reported...true? Just want all the information before making a decision. Thx! Also just checked my bonus offer. It's 60,000 bonus points for $6k in spend in 6 months. On the website it's "up to" 100,000 points welcome offer. Should I call and try and negotiate that? I have had Amex call me and they told me some agents can get the best welcome offers. Any experience in getting the max offers from AMEX?
@Tdatb64 wrote:In your other post you said you're spending about $1,500 a month on the Savor. If that's all in Rest. & FF, at 3% that would be $540 cash back annually. At the Gold's 4% that spend would yield $720 . After subtracting the $325 annual fee that's reduced to $395 or $145 less than you're getting now with the Savor.
Yes but the AMEX gold has other perks that I will use that will offset the annual fee. There is $240 in food credits amd another $200 in hotel and travel credits alone every year. That will offset the annual fee and then some.
