Point Card Titan vs. Amex Gold/Platinum

[Anonymous]

Has anyone heard of this card?

Seems to be competing against Amex charge cards (Gold/Platinum) with no credit check, based off income. With a hefty $400 annual fee.

Let's start a discussion about it...

Here's a link to reserve a spot on the waitlist: https://www.point.app/titan

[wasCB14]

https://ficoforums.myfico.com/t5/Credit-Cards/First-startup-charge-card/m-p/6460943

Another discussion of the card.

Based on the available details, I'm not interested.

[Openwater]

Interesting, never heard of it. Seems like the X1 concepts are starting to make their way to other lenders....

[DJRobbieD]

Interesting... sounds like a X1 clone crossed with the US Bank Cash+ / Elan MCP, but as you said, targeting Amex Platinum and Visa Infinite customers given the annual fee and income/assets requirement.

I put myself on the waiting list (#6789) just to see what an offer would look like, but I doubt I'll accept it.

[Anonymous]

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@DJRobbieD wrote:

Interesting... sounds like a X1 clone crossed with the US Bank Cash+ / Elan MCP, but as you said, targeting Amex Platinum and Visa Infinite customers given the annual fee and income/assets requirement.

I put myself on the waiting list (#6789) just to see what an offer would look like, but I doubt I'll accept it.

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I'm currently in search of possibly getting a Amex Gold. I'm surprised it's only a 6000 person waitlist honestly. Yes $400 is a high AF but with no credit check/HP I'm baffled not a lot of people are on this card. 

[DJRobbieD]

I'm currently in search of possibly getting a Amex Gold. I'm surprised it's only a 6000 person waitlist honestly. Yes $400 is a high AF but with no credit check/HP I'm baffled not a lot of people are on this card. 

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You'd likely be better off with the Amex Gold. The $250 AF can be reduced down to $10 via Uber and GrubHub credits.  Based on the limited information we have so far, this Titan card lacks any credits or SUB to help offset the $399 AF.

[wasCB14]

Despite being billed as "the modern charge card with no spending limits", if you can qualify with $10k in liquid assets and no credit check, they're probably going to keep you on a pretty tight spending leash.

[Anonymous]

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@DJRobbieD wrote:

I'm currently in search of possibly getting a Amex Gold. I'm surprised it's only a 6000 person waitlist honestly. Yes $400 is a high AF but with no credit check/HP I'm baffled not a lot of people are on this card. 

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You'd likely be better off with the Amex Gold. The $250 AF can be reduced down to $10 via Uber and GrubHub credits.  Based on the limited information we have so far, this Titan card lacks any credits or SUB to help offset the $399 AF.

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Great point! They'll definitely need a nice SUB to get some customers. 

[Anonymous]

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@wasCB14 wrote:

Despite being billed as "the modern charge card with no spending limits", if you can qualify with $10k in liquid assets and no credit check, they're probably going to keep you on a pretty tight spending leash.

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They'll learn quickly if they have no credit check on this "pristine" card with no spending limit they're in for a wake up call. Probably a soft pull would be the best bet for them. 

[DJRobbieD]

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@Anonymous wrote:

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@wasCB14 wrote:

Despite being billed as "the modern charge card with no spending limits", if you can qualify with $10k in liquid assets and no credit check, they're probably going to keep you on a pretty tight spending leash.

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They'll learn quickly if they have no credit check on this "pristine" card with no spending limit they're in for a wake up call. Probably a soft pull would be the best bet for them. 

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From their website:

4. When you apply for PointCard Titan, we do not run a hard credit inquiry. Our approval process does not affect your credit score.

Because they specifically call out a "hard credit inquiry", I suspect they'll run a soft inquiry during the application process, ala X1 and Apple. But it sounds like they won't hit you with a HP after accepting.