Amex may come out with new cards or some decent changes

[Anonymous]

One of their analysts told me today that some big changes are coming to some cards and some new stuff is planned. 

Not sure how big or good the changes will be but the analyst was excited 

Amex took a hit recently like the others and travel has suffered a lot so curious what they come up with 

[kdm31091]

I am guessing this is referencing the upcoming refreshes for the Platinum and other high AF cards because of the travel situation. We'll see what they come up with.

[Wavester64]

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@kdm31091 wrote:

I am guessing this is referencing the upcoming refreshes for the Platinum and other high AF cards because of the travel situation. We'll see what they come up with.

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A lot of finance reporting YT channels (Ask Sebby for one) are reporting exactly what you are saying here.

Basically changes are being made to these same cards in other countries (UK, India, Australia, etc.) and analysts are saying its just a matter of time before US follow suit.

[Anonymous]

I think most will want to avoid the annual fees that some cards have while they aren't traveling so it makes sense to make some changes. Hopefully some good stuff for those that have annual fee cards especially 

[Anonymous]

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@Wavester64 wrote:

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@kdm31091 wrote:

I am guessing this is referencing the upcoming refreshes for the Platinum and other high AF cards because of the travel situation. We'll see what they come up with.

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A lot of finance reporting YT channels (Ask Sebby for one) are reporting exactly what you are saying here.

Basically changes are being made to these same cards in other countries (UK, India, Australia, etc.) and analysts are saying its just a matter of time before US follow suit.

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@Wavester64 wrote:

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@kdm31091 wrote:

I am guessing this is referencing the upcoming refreshes for the Platinum and other high AF cards because of the travel situation. We'll see what they come up with.

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A lot of finance reporting YT channels (Ask Sebby for one) are reporting exactly what you are saying here.

Basically changes are being made to these same cards in other countries (UK, India, Australia, etc.) and analysts are saying its just a matter of time before US follow suit.

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I guess you mean "A lot of credit card touts."  Sebby wouldn't know finance if it walked up to him and slapped him.

[budugu]

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I guess you mean "A lot of credit card touts."  Sebby wouldn't know finance if it walked up to him and slapped him.

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I agree with your sentiment in general about YT "finance gurus". But in fairness, he is probably one of the more accurate ones. Never seen him say any thing explicitly wrong. Does not try to get on "great investment ideas" or how he is beating the system etc. 

[Anonymous]

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@budugu wrote:

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I guess you mean "A lot of credit card touts."  Sebby wouldn't know finance if it walked up to him and slapped him.

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I agree with your sentiment in general about YT "finance gurus". But in fairness, he is probably one of the more accurate ones. Never seen him say any thing explicitly wrong. Does not try to get on "great investment ideas" or how he is beating the system etc. 

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You probably missed the video where he said you needed to have at least  21 credit cards [Mod cut - even to show where it's bad advice, links to AskSebby are not allowed here]  to have a perfect 850 score.  

[dragontears]

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@Anonymous wrote:

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@budugu wrote:

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I guess you mean "A lot of credit card touts."  Sebby wouldn't know finance if it walked up to him and slapped him.

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I agree with your sentiment in general about YT "finance gurus". But in fairness, he is probably one of the more accurate ones. Never seen him say any thing explicitly wrong. Does not try to get on "great investment ideas" or how he is beating the system etc. 

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You probably missed the video where he said you needed to have at least  21 credit cards to have a perfect 850 score.  

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Wow, I have never watched a single one of his videos but now understand where some bad ideas new people have come from. 

[Remedios]

You probably missed the one where Chase cards cure common cold and cholera. 

[Anonymous]

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@dragontears wrote:

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@Anonymous wrote:

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@budugu wrote:

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I guess you mean "A lot of credit card touts."  Sebby wouldn't know finance if it walked up to him and slapped him.

---

I agree with your sentiment in general about YT "finance gurus". But in fairness, he is probably one of the more accurate ones. Never seen him say any thing explicitly wrong. Does not try to get on "great investment ideas" or how he is beating the system etc. 

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You probably missed the video where he said you needed to have at least 21 credit cards to have a perfect 850 score.  

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Wow, I have never watched a single one of his videos but now understand where some bad ideas new people have come from. 

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To be fair, Credit Karma suggests the same number of credit cards and it appears he's using a VantageScore chart.  Earlier in the video he also suggests opening credit cards if you have derogatories like late payments, so that eventually the larger denominator of on-time payments will overwhelm the small numerator of derogatories and push you into a higher credit rating.  This we know is false, at least in the FICO world, since there's a penalty attached to derogatories that remains until it/they are removed.