I have an offer to upgrade my BCE to BCP, $150 bonus after $1000 spend in 3 months, first year AF waived.
I do not intend to app for more cards any time soon so a little bonus without a HP or new account ding is great. With holiday season coming up, the spend will be met easily. But I have seen $250 bonus offers mentioned by others , some even with first AF waived too.
What's your thoughts about this offer? Is there a good chance a better one will come along?
It's free money (and increased earning for a year) with no consequences. Take the offer.
Any idea what triggers this offer? I had it for a month and change last year and let it slip. Can't remember which version of the offer it was though. Right now I don't see any offers on the app though. I would definitely take the no AF version at this current time.
Must garden until 2/1/2022 to hit my goal AAOA. 
Scratch my previous question. They confirmed that I don't have an offer due to low spend. As it turns out, I only spent ~$630 on this card this year out of my $18K balance.
I got a CLD over a year ago due to low use from $25K and I was able to get back much of the limit. They said I hadn't even used $2% of my previous limit so I gave them the benefit of the doubt. Apperantly, I have barely hit 3% this year (just in the last couple of weeks) which means I probably am still not showing as a profitable cardholder to them. I did get Marvel and Best Buy credit cards in the last couple of years and much of what would have been Amex spend did go to them instead. I used to use Amex to finance with Plan It but since most of what I'm financing is from Best Buy anyway, they have only been used on the few medium-ish purchases that fall outside of Best Buy...to date, there were only 2 such purchases this year.
It has been helping me regain control of my finances to not put my grocery purchases on the Amex. Once I'm down to all zero, I will try to put at least my grocery spend on the card...while keeping track of it as best I can.
Thanks guys, appreciate the advice.
I clicked on the "explore offer" without applying and the offer disappeared for a day or 2. But now it came back.
@SecretAzure wrote:Any idea what triggers this offer? I had it for a month and change last year and let it slip. Can't remember which version of the offer it was though. Right now I don't see any offers on the app though. I would definitely take the no AF version at this current time.
Now both Amex and Chase have been drumming up sign-up offers to gain market shares and I think this offer is likely just a part of their larger plans.
My own spending is also very low and if I do decide to upgrade, I will not keep the card after one year because there is no way I will spend enough to justify the annual fee. I hope that downgrading after one year won't get me in trouble with Amex.
@wasCB14 wrote:
@eastsea wrote:I have an offer to upgrade my BCE to BCP, $150 bonus after $1000 spend in 3 months, first year AF waived.
I do not intend to app for more cards any time soon so a little bonus without a HP or new account ding is great. With holiday season coming up, the spend will be met easily. But I have seen $250 bonus offers mentioned by others , some even with first AF waived too.
What's your thoughts about this offer? Is there a good chance a better one will come along?
I recently completed an upgrade/downgrade year. I upgraded at the end of June 2019 and downgraded in September 2020. I paid about $99 in total annual fees ($2 partial + $95 full + $95 full - $93 rebate on downgrade).
$150 with a waived AF is common, as is $250 without a waived AF. Mine was the latter.
I don't think I've heard of $250 with a waived AF. I'd take the $150 with the waived AF. You can always ride the cycle again sometime in the future.
I got the card late Oct 2019. Come to think of it, I believe upgrading to a higher annual fee card is not allowed within the first year? So my guess is if I upgrade, the clock will only start ticking after the first anniversary date.
