Amex Charge Card Prestige is OVER

[Anonymous]

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@Anonymous wrote:

What some people are not talking about is that when people are accepted w/ lower Cred. scores, they (and actually all) people are succeptible to FR.

So- people also need to think about that they need to take care of their overall credit situation so to not get flagged for FR.

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good points netpanther- those with lower scores have a much higher probability of getting F/R'd and losing the card.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
Let's look at this from amex's perspective.

A green card earns them an annual fee of under $100. A plat card gets them $450.

They're not going to give you more buying power JUST because you have a plat card. They'll still cut you off at the same limit (that they don't tell you about).

Now, regardless of whether they issue you a green or plat, they're taking the same credit default risk on you if you spend $1000. Why not collect the incremental annual fee? Either way, if you don't spend money on the card and use the rewards program on it, you're just blowing that 450 bucks. I'm sure amex would love to issue you a card, collect the $450, and have you never use it.

Message Edited by fail2deliver on 02-04-2008 06:11 PM

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I completley disagee with you're theory. Simply perks, the $450 that you're paying is for for the PLAT perks the secret credit will not be same. I just tlaked to someone on the phone about this, if you have solid credit it is truly unlimited. It cost $50 everytime you use an airport lounge. There is no way the cards are the SAME. I disagee

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Right, but we're talking about the kind of people with crappy credit who are higher risk. You really think they fly a lot, travel a lot, and are going to actually take advantage of the perks on that card? To those people, who run 5K thru the card every year, they're wasting the 450 bucks.

[Anonymous]

This has been an interesting thread- 

It is no secret that the Green Charge card is not hard to get with "Average/fair/good scores" - not everyone knows this-

Is the Prestige over? Who cares-

Where else can you get a card that you can put thousands though every month, PIF and have it not hurt your utilization?    

[Red1Blue]

Hi Timothy, when you look on the financeglobe it says we need 690-714 for the green. Is it True? Also for JetBlue Biz it says 669 or some thing. Is it easier to get jetblue biz? I want to get one good biz card.

[fused]

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concorduser wrote:

Hi Timothy, when you look on the financeglobe it says we need 690-714 for the green. Is it True? Also for JetBlue Biz it says 669 or some thing. Is it easier to get jetblue biz? I want to get one good biz card.

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IMO, finance globe is WAY OFF! Nobody needs scores well over 700 for an Amex DSM card.

[Red1Blue]

hi fused, what about jetblue biz card? Finance globe says we can get with scores around 660. Do you think it is correct? I want to get a biz card to seperate my biz expenses.

[Anonymous]

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fused wrote:

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concorduser wrote:

Hi Timothy, when you look on the financeglobe it says we need 690-714 for the green. Is it True? Also for JetBlue Biz it says 669 or some thing. Is it easier to get jetblue biz? I want to get one good biz card.

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IMO, finance globe is WAY OFF! Nobody needs scores well over 700 for an Amex DSM card.

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That site always seems to err on the high side.

[Anonymous]

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@Anonymous wrote:

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@fused wrote:

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@Red1Blue wrote:

Hi Timothy, when you look on the financeglobe it says we need 690-714 for the green. Is it True? Also for JetBlue Biz it says 669 or some thing. Is it easier to get jetblue biz? I want to get one good biz card.

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IMO, finance globe is WAY OFF! Nobody needs scores well over 700 for an Amex DSM card.

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That site always seems to err on the high side.

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Better safe than sorry!

:-)

[Red1Blue]

It is so hard to figure out with Finance Globe. Perhaps they are not updating the fico requirements properly.

[Anonymous]

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@pjriverap wrote:

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@Anonymous wrote:

What some people are not talking about is that when people are accepted w/ lower Cred. scores, they (and actually all) people are succeptible to FR.

So- people also need to think about that they need to take care of their overall credit situation so to not get flagged for FR.

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good points netpanther- those with lower scores have a much higher probability of getting F/R'd and losing the card.

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Excellent Point, the people with the lowest credit scores are getting pounded with FR's look at all the other threads about this.