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Hey friends, I just got a prequalified offer for the EveryDay card with 15k MR SUB. Since it's no AF I was wondering if it's a good idea to get it to build a relationship with Amex; I'm currently with Chase and just completed the trifecta so no worries about 5/24 now and will probably be sticking with them for a bit to see how it goes. I'm considering Amex for the future.
Just like some feedback/ideas to consider. Thanks!
If you want to build "a relationship", pick a card that would be useful to you, creating a symbiotic business relationship.
If you have use for this card, go for it.
If rewards structure and benefits aren't what you need, don't apply just because you have a pre-approval.
If no other Amex card looks good to you, pass until they have something you can actually use to your benefit.
+1. Unless your profile would prohibit you from being approved for a high annual fee card due to starting limit requirements (unlikely since you qualified for either CSP or CSR), you should be fine for whichever Amex card best suits your needs and spending. Don't get trapped with a card that may not be useful to you.
To add to the above I am curious as to why you are considering AMEX when you just completed the Chase trifecta. If you plan to dip your toes to include a possible combination of AMEX MR cards it is not necessarily a good idea to dilute your spend on so many reward programs. Best to stick to one to maximize the potential of earnings points unless it's a category you can't a high earning like utilities and the like
I see.
@Remedios wrote:If you want to build "a relationship", pick a card that would be useful to you, creating a symbiotic business relationship.
If you have use for this card, go for it.
If rewards structure and benefits aren't what you need, don't apply just because you have a pre-approval.
If no other Amex card looks good to you, pass until they have something you can actually use to your benefit.
I see. I'm guessing just the sign-up bonus doesn't count (not much of a relationship if I don't use the card right)? The 2x supermarkets isn't what I'm after since I can get at least 5% back right now with the Freedom Flex. The other factor is I don't have that many accounts besides the Chase trifecta so may be slightly affecting my score.
I'm at the point where most of my spending is covered by high multipliers 2%-5%. Any recommendations beyond this point or just tend my garden?
@K-in-Boston wrote:+1. Unless your profile would prohibit you from being approved for a high annual fee card due to starting limit requirements (unlikely since you qualified for either CSP or CSR), you should be fine for whichever Amex card best suits your needs and spending. Don't get trapped with a card that may not be useful to you.
I'm currently running the Chase trifecta, but may move to Amex in the future. Honestly I just want the SUB since it's no AF plus an extra account to my name since my number of accounts is low; I know these aren't good reasons.
I'm curious how you have so many cards in your sig since I'm just starting out (so feel free to say whatever I'm thinking is crazy). Were they all useful at one point when you applied for them or were some just for the SUB?
@simplynoir wrote:To add to the above I am curious as to why you are considering AMEX when you just completed the Chase trifecta. If you plan to dip your toes to include a possible combination of AMEX MR cards it is not necessarily a good idea to dilute your spend on so many reward programs. Best to stick to one to maximize the potential of earnings points unless it's a category you can't a high earning like utilities and the like
I just want to start a relationship with Amex while I'm rolling with Chase right now (I'm 100% focused on this setup). Mainly because it's no AF and has a decent SUB. I know these probably aren't good reasons and I'm just starting out in the game.
If I really wanted to commit to Amex, I'd start with the Platinum with good amount of credits plus very high SUB right now .
Are there any hotels or airlines you favor? How often do you travel?
@Anonymous wrote:
@K-in-Boston wrote:+1. Unless your profile would prohibit you from being approved for a high annual fee card due to starting limit requirements (unlikely since you qualified for either CSP or CSR), you should be fine for whichever Amex card best suits your needs and spending. Don't get trapped with a card that may not be useful to you.
I'm currently running the Chase trifecta, but may move to Amex in the future. Honestly I just want the SUB since it's no AF plus an extra account to my name since my number of accounts is low; I know these aren't good reasons.
I'm curious how you have so many cards in your sig since I'm just starting out (so feel free to say whatever I'm thinking is crazy). Were they all useful at one point when you applied for them or were some just for the SUB?
If those are good reasons for you, then they are good reasons! Basically the reason you're getting these answers is that there's no real reason to "get in" with Amex. If one of their cards makes sense for you, go for it - there is no reason to start at the lower earning cards if there are ones that are better fit for you and Amex has rather strict rules on product changes, so your options are limited if you want to keep your cards open. ED isn't necessarily a good card on its own, and is best paired with frequent charges to get the monthly multiplier and a higher-earning charge card pooling to the same rewards account. Although if one is not averse to business cards, a BBP is a much better option for 2x across the board.
Almost all of my cards are still useful. I tried to close one last month and got a retention offer that offset the annual fee, and I have a few that will likely be combined with other cards in 2021. Some were done just for the bonus, but even then they sometimes surprise me as keepers (US Bank Altitude Reserve and Cash+ cards are good examples). These were amassed over a few decades, though. I primarily earn Amex Membership Rewards, Delta SkyMiles and Marriott Bonvoy points, but also earn fairly decent amounts of URs, TYPs, and Altitude Reserve points as well and as a Delta/SkyTeam flyer, all of the points systems play nice together for me.
Yes! Amex EveryDay was the first Amex card I got (in college). It allowed me to build not just my relationship with Amex but also my credit history and score. Now I have 2 other cards with Amex. I treat it right and Amex has been good to me too. Even if you have Chase trifecta, I just think it's useful to have another ecosystem with Amex to diversify points/rewards.