Need some input with AmEx!

[Anonymous]

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@Ron1 wrote:

IN my own opinion, Costco True Earning Amex is better than Blue Cash.  It is because Costco Amex doesn't have tier rate like Blue Cash and it gives you 3% dining, Gas and 2% travel and 1% on other purchases. You can redeem rewards check for cash/ credit towards the Costco purchases.  You need to be a Costco Member to have the card. I heard it is tough to get.  I don't like Blue Amex because it has tier rate. You have to spent a lot for 5% cash back tier (over $6500). It doesn't give you cash back like Costco Amex and they only gives you statement credit.

Ron.

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I don't have a Blue Cash, but I do have the TrueEarnings. I like that the cashback categories are straightforward, and without tiers. Although, there is a cap on the 3% back on gas (1% for gasoline purchases that exceed $3,000 in annual purchases). You get a running tally of what you're earning back, and from which categories on each statement, and you get a check in February of every year. As long as you don't pay Amex the 15+% interest, it's a darned good deal.

[JagerBombs89]

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@Ron1 wrote:

IN my own opinion, Costco True Earning Amex is better than Blue Cash.  It is because Costco Amex doesn't have tier rate like Blue Cash and it gives you 3% dining, Gas and 2% travel and 1% on other purchases. You can redeem rewards check for cash/ credit towards the Costco purchases.  You need to be a Costco Member to have the card. I heard it is tough to get.  I don't like Blue Amex because it has tier rate. You have to spent a lot for 5% cash back tier (over $6500). It doesn't give you cash back like Costco Amex and they only gives you statement credit.

Ron.

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For me... I would be running ALL my expenses through this new card and would be spending at least $20k+ per year. 

As far as statement credits... I am perfectly fine with that as that is 1 less payment I would have to put towards my credit card bill.

Since I PIF all my accounts, interest is no issue for me.  I think I have only paid about $10 in interest across all my cards for the 2010 year    So I think I will wait until January and then apply for the Amex Blue Cash

[JagerBombs89]

One final thought...

When I apply for the Amex Blue Cash in January, should I do it on the computer or should I do it over the phone... I really don't want to waste and inquiry to get denied.  Thanks!

[JagerBombs89]

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@JagerBombs89 wrote:

One final thought...

When I apply for the Amex Blue Cash in January, should I do it on the computer or should I do it over the phone... I really don't want to waste and inquiry to get denied.  Thanks!

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Bump!  Any thoughts on this right here?!

[Achase]

the results will be the same whether you do it online or on the computer

[Ron1]

I applied all mine on the web except Costco Amex. You don't fill out anything when you have Amex. It will give you short form. It should be easy.

Ron.

[Anonymous]

I applied last week over the internet and was instantly approved, just received my card today.  Looks fancy(ish). 

[JagerBombs89]

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@Anonymous wrote:

I applied last week over the internet and was instantly approved, just received my card today.  Looks fancy(ish). 

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Congrats!  I probably am going to apply on Sunday or Monday so I can at least get the backdating!  What kind of limit have you received?  I am hoping I can get at least $5,000 so that I can use this as my primary.  Currently using my USAA Mastercard with $9,000 limit.  Overall utilization is less than 1%

[Anonymous]

My limit is $7,500.

[JagerBombs89]

Decided to pull the trigger with the Blue Cash and got... "Your application can not be approved with our 60 second decision..."

Current status of the application is "In Progress."  I get off of work in 2 hours or so and was thinking about calling them then.  Should I call them or should I wait to see the decision?!  I really am hoping to get this card and make it my primary card to run all my bills/expenses through!  Also hoping I would get like a $5,000 limit but I don't think they are going to be that generous