Amex Card

[Anonymous]

I'm going to be the minority here and say I would not app for a PRG card. I personally think having two charge cards (outside of the platinum with the PRG) is a waste since no one needs a Green card and a PRG card (waste of $$$ on AFs)

I would wait a year and then call them and tell them you are interested in upgrading your green card to the PRG and wanted to see if there are any welcome offers. If there aren't any, ask them to notate your account (they put a note to the marketing team). I did this and just got a 40,000 MR welcome bonus for $2,000 spend to upgrade my green card to the PRG. Here is the thread:

http://ficoforums.myfico.com/t5/Credit-Cards/Upgrade-AMEX-Green-to-PRG-with-Welcome-Bonus/m-p/516205...

Good luck!!!

[wasCB14]

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@corymcd88wrote:
I have a green card and a everyday. Is the green card worth the $95,00 each year. What do you get with the green card that you don’t with the everyday card?

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NPSL and nostalgia/recognizability, perhaps.

As to the former, I wonder how many people really need NPSL who have no need for the expanded Platinum/PRG protections, or use for Platinum perks.

Though not a great value for most consumers, the margins on Green are likely high, and I doubt Amex will discontinue the card.

[Anonymous]

yea.... none of us are really sure with what amex is going for nowadays.

[Anonymous]

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@corymcd88wrote:
I have a green card and a everyday. Is the green card worth the $95,00 each year. What do you get with the green card that you don’t with the everyday card?

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The only thing I can think of making the fee worth it is the flexible spending account for people who may charge a lot and PIF every month. For those people I think the yearly fee is worth it. The rewards structure is lacking to me. But I can see the worth of building up limits quickly month by month. Solid charge card. For the chargers. And business types.

[Anonymous]

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@Anonymouswrote:

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@corymcd88wrote:
I have a green card and a everyday. Is the green card worth the $95,00 each year. What do you get with the green card that you don’t with the everyday card?

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The only thing I can think of making the fee worth it is the flexible spending account for people who may charge a lot and PIF every month. For those people I think the yearly fee is worth it. The rewards structure is lacking to me. But I can see the worth of building up limits quickly month by month. Solid charge card. For the chargers. And business types.

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Flexible spending doesn't do much. 

Other cards (Visa/MC) have cards where you can go over your limit. My Citi TY Premier has that feature, and I think even the Chase Amazon Visa Siganture has the same exact feature, along with many Chase cards. 

[CreditCuriosity]

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@Anonymouswrote:

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@Anonymouswrote:

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@corymcd88wrote:
I have a green card and a everyday. Is the green card worth the $95,00 each year. What do you get with the green card that you don’t with the everyday card?

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The only thing I can think of making the fee worth it is the flexible spending account for people who may charge a lot and PIF every month. For those people I think the yearly fee is worth it. The rewards structure is lacking to me. But I can see the worth of building up limits quickly month by month. Solid charge card. For the chargers. And business types.

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Flexible spending doesn't do much. 

Other cards (Visa/MC) have cards where you can go over your limit. My Citi TY Premier has that feature, and I think even the Chase Amazon Visa Siganture has the same exact feature, along with many Chase cards. 

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Quite honestly there is a big difference between NPSL and Flexible spending cards by Visa/MC in the flavors of Signature/Infinite/WMC/WEMC.  As NPSL if your spend habits support it you can in theory the sky is the limit (this is where AMEX has the game won).  Where-as with a Flexible spending account usually one might be able to go over 5-20% (obviously varies) of their CL.  So quite a big difference to me as no one gives the consumer the spending power of Amex if they need it.. Alot don't, but some certainly do and no other lender really wants to compete in that arena.

[Anonymous]

I don't see an advantage. 

If you need more money and your profile supports it, you can get a higher credit line. 

With AMEX, it may say NPSL, but there's always an internal limit to where your card will be declined if you use it/spend too much. 

One doesn't have to sit around and guess if their transaction will be approved with a Visa/MC NPSL, which is basically what a flexible spending card is (Chase used to tout NPSL when they changed their Amazon cards to VS). 

Didn't Chase have a business charge card? Do they still have it? 

[CreditCuriosity]

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@Anonymouswrote:

I don't see an advantage. 

If you need more money and your profile supports it, you can get a higher credit line. 

With AMEX, it may say NPSL, but there's always an internal limit to where your card will be declined if you use it/spend too much. 

One doesn't have to sit around and guess if their transaction will be approved with a Visa/MC NPSL, which is basically what a flexible spending card is (Chase used to tout NPSL when they changed their Amazon cards to VS). 

Didn't Chase have a business charge card? Do they still have it? 

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Let me give you an example my best friend is a partner at deloitte and has charged > 100k on one charge on his corportate platnium for an event for his company (notice I say his compan as he is a partner/owner).  Other lenders wouldn't do or want that market segment, it is pretty much that simple.   Many people have Black centurion cards or Platinum for that matter that dont think twice about charging huge charges.  Just cause you can't use it doesn't mean it isn't used by people that alot of us know.  

Edit: I stinnk at proof reading

[Anonymous]

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@CreditCuriositywrote:

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@Anonymouswrote:

I don't see an advantage. 

If you need more money and your profile supports it, you can get a higher credit line. 

With AMEX, it may say NPSL, but there's always an internal limit to where your card will be declined if you use it/spend too much. 

One doesn't have to sit around and guess if their transaction will be approved with a Visa/MC NPSL, which is basically what a flexible spending card is (Chase used to tout NPSL when they changed their Amazon cards to VS). 

Didn't Chase have a business charge card? Do they still have it? 

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Let me give you an example my best friend is a partner at deloitte and has charged > 100k on one charge on his corportate platnium for an event for his company (notice I say his compan as he is a partner/owner).  Other lenders wouldn't do or want that market segment, it is pretty much that simple.   Many people have Black centurion cards or Platinum for that matter that dont think twice about charging huge charges.  Just cause you can't use it doesn't mean it isn't used by people that alot of us know.  

Edit: I stinnk at proof reading

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I think it depends. I'm sure for those who have the income that supports it, someone with a JP Morgan Reserve could charge $100,000 on the card with no issue. There may be a "soft limit" of $150,000 allowed, but that person could charge a $180,000 purchase and be fine. 

Now if that person's internal AMEX limit is $150,000 and they go to charge a $180,000 purchase on their card, it will be declined. 

[UpperNwGuy]

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@corymcd88wrote:
I have a green card and a everyday. Is the green card worth the $95,00 each year. What do you get with the green card that you don’t with the everyday card?

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I would close the Green card, saving $95, and ask Amex to upgrade your Everyday (no fee) to the Everyday Preferred ($95 fee).  You'll still be paying $95, but you'll be getting much better rewards than either the Green or the ED.