@Stryder wrote:I am sure this won't work, but when I got my BCE I had run the numbers for the preffered and didn't think the extra rewards would make up for the AF. After I got the card...I played with the numbers some more and realized I was wrong....so I have every intention of doing a PC as soon as it's feasible. Since my 61 days is tomorrow, I was thinking of asking tomorrow just to see what they say. My score has gone up from fico 8- 681 to 747 since I app'ed for the card, so I was hoping that might help? Do you think I might could ask for 10k with my boost instead of the 6k? (SL was 2k)
(I have run around 3k on the card since I got it and pif'ed it four times....cleaned it off yesterday for the 61 day)
What do y'all think?
Congrats on getting the BCE, sounds like you like the rewards.
Here's some things to keep in mind:
With the BCE, you may not be earning the BCP percentages, but you also do not have to pay the AF up front, and so you are not digging out from the AF right now. You are ahead from the first swipe, instead of counting the months until you "even up" and start "really earning" with the BCP.
Your 3x request will go to $6k max, Don't even bother with $10k this round, it's not happening.
If you were to be able to PC from BCE to BCP, you would likely box yourself out of any BCP sign up bonus. Since you are all about earning rewards, that's a pretty steep price to pay, along with the AF immediately charged, to get to the higher percentage card.
After a year, or after 6 months of showing AMEX your spend habits, you can likely app separately for the BCP and get a higher limit. If you keep the BCE at $2k, maybe go to $3k just for fun, you might get $10k for the BCP app, as a separate card. I started with a Delta Gold at $2k, apped less than a year later for the Delta Platinum and got $10k. Every other revolver app has been high value, Hilton $10k, SPG $10k, EDP $15k.
If after a year you really decide you don't want to do the separate app, you will probably start seeing AMEX giving you Upgrade offers, where you can get some small bonus for a SP PC of your current BCE, pay the AF for the BCP, and off you go with the same history on the AF card.
Here's some things to keep in mind:
With the BCE, you may not be earning the BCP percentages, but you also do not have to pay the AF up front, and so you are not digging out from the AF right now. You are ahead from the first swipe, instead of counting the months until you "even up" and start "really earning" with the BCP. I get that, but we spend enough to where that is not an issue...I will get ahead and max the offer
Your 3x request will go to $6k max, Don't even bother with $10k this round, it's not happening. OK, thanks
If you were to be able to PC from BCE to BCP, you would likely box yourself out of any BCP sign up bonus. Since you are all about earning rewards, that's a pretty steep price to pay, along with the AF immediately charged, to get to the higher percentage card. I've already gotten my bonus's with BCE, so I wasn't worried about that. I am not concerned with trying to collect a bunch of cards, rather very targeted, specific cards to grow old with. I am looking at 5 reward cards with a good BT card. I have asked SDFCU for a reconsider which has a low of 7.24% EMV card. Should hear back tomorrow..it's been with them for 2 days now. Tomorrow will either be a very good or a very bad day! haha
If after a year you really decide you don't want to do the separate app, you will probably start seeing AMEX giving you Upgrade offers, where you can get some small bonus for a SP PC of your current BCE, pay the AF for the BCP, and off you go with the same history on the AF card. That would work for me, but it brings up more that I don't understand ....
since my scores have been going up and after getting the BCE and CSP...Im not getting Cap One offers anymore...I m getting some pretty expenisive looking CCard offers. Is this just marketing gone wild, or is it actually offers? Pre-qualified? I just got a beautiful package from AMEX in a beautiful Marron envelope (6" x 11") that looks like everything cost $10 just for the paper and printing, for the Premier Rewards Gold Card...50,000 rewards points...Application reserved for me, offer expires on Dec 19, 2016 (it has some RSVP codes on it). Is this a slam dunker for me or just a mass mailing looking for a few acorns?
If you have the BCE for a few months, and have heavily cycled the card charges and payments, that PRG offer of 50,000 points is the best available. The AMEX Charge cards are consistent underwriting criteria, but having even a short history with AMEX will help as well. It seems to me your chances of getting the card would be good.
If your spend is really going to max out a BCP, then similar categories await you with the PRG, groceries, gasoline, and dining out, as well as airline tickets. The MR points are a different earning configuration, they have a different value structure, but the PRG does not have the ceiling on grocery earnings the BCE and BCP do. The PRG AF is deferred, but even at $195, that includes some benefits like $100 airline fee credit. Of course, the PRG is also the classic, perhaps most-recognizable card ever.
Keep in mind that not all places that sell groceries and gasoline are coded as such for AMEX cards. You have to review how the points score, but the listing usually isn't available until after the NEXT billing cycle. The places I get my groceries and gas are not looked at in that way by AMEX, so I do not get extra points on any of my AMEX cards for those purchases. If you do, then these cards make a lot of sense for your purchase profile.