Thinking about Amex Green

[Anonymous]

And as a general point, I don't know how anyone here could usefully answer the question:

"How reliable are the rumors about the new card? "

Until the card comes out, we don't know how accurate the rumors are (and if an insider tells us, we can't be certain even then).

As an exercise for the class:  look at the recent Gold refresh.   Where there rumors that this was happening, and if so, how close were they?

(Note from my past corporate experience:  there are also cases where rumors WOULD be very accurate, but some exec makes a change at the last minute for a good/bad/no reason.   Then the leakers look wrong, but the info they were given WAS accurate, just changed by circumstance)

[Anonymous]

Personally the Green Card in it's current iteration is just there because it's a legacy AMEX card.  No one should sign up for it unless they see the 25K MR/$1000 spend on it.  Worse comes to worse, wait out on the refresh and see what happens, the most you lost is AF waived. 

[UpperNwGuy]

Don't get the current Green.  It is a useless card.  And don't rely on rumors.

[Anonymous]

I will be paying attention to this one depending on how the reimbursement is done. $10 each month when you use Amazon seems like something Amex could do.

More info here-
https://ficoforums.myfico.com/t5/Credit-Cards/Rumors-about-AMEX-Green/m-p/5445204

[wasCB14]

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@Anonymous wrote:

And as a general point, I don't know how anyone here could usefully answer the question:

"How reliable are the rumors about the new card? "

Until the card comes out, we don't know how accurate the rumors are (and if an insider tells us, we can't be certain even then).

As an exercise for the class:  look at the recent Gold refresh.   Where there rumors that this was happening, and if so, how close were they?

(Note from my past corporate experience:  there are also cases where rumors WOULD be very accurate, but some exec makes a change at the last minute for a good/bad/no reason.   Then the leakers look wrong, but the info they were given WAS accurate, just changed by circumstance)

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I tried a few search engines and all article/thread dates were on or after the day people reported seeing the dining credit on their Benefits page. Plus, there are many rumors about Amex that never come to fruition or are wildly off in timing. Remember the "broad travel and dining" new product that was supposed to rival CSR in 2016?

There were some rumors in advance of the 5x on Platinum's airfare, but they were vague. CSRs were telling customers something vague like, "You might not want to cancel just yet." I'm not sure about any rumors before the Uber/$550/metal changes.

[NRB525]

The personal Green is closely related to the common Corporate Green.

I would guess the millions of Corporate Green cards, used for business travel spend, are a driver of the “high transaction value” stats that AMEX relies on.

Green may be improved, is not going to be retired.

[FlaDude]

It's the first of March and still no news. Hopefully they will announce something soon so I can decide to keep mine or not. It's one of my oldest cards, but I have three others that are 24-25 years old. Since closed cards affect AAoA for 10 years, closing it won't have much impact there.

I used to use it a lot for reimbursed travel expenses. The closing date is two weeks different than my Gold card so switching between them based on getting the longest float meant I would usually get my expense check before the charges were due. I don't do as much biz travel now and also have plenty of float on cards with better earnings so now it's mostly just a placeholder. 

[Anonymous]

Amex isn't a charity, it's hard to believe somehow they will provide you a simple AF reduction in the form of prime membership every year. They don't do simple AF reduction for neither gold or platinum.

Prime membership, if true, I am gonna predict it's a one year deal, and first year AF will not be waived.

Definitely wait until it comes out, instead of app now.

[Anonymous]

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@wasCB14 wrote:


Prime would be nice (no guarantee it will happen or that Prime itself won't be nerfed), but how much does anyone really spend on gas and streaming content?

4x MRs sounds nice...but the margin beyond BBP/BofA/Premier may not be worthwhile.

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Depends what they have in that category. If they have Directv Now, Vue, Sling or the like, you're looking at about $50-$70 a month for a lot of people. Then add on Netflix, Hulu, AMC premium, CBS All Access, or any combination of the standalone streaming packages, and you could be hitting over $100 easily.

Clearly $3-$4 a month wouldn't be earth shattering, but certainly getting to a point worth considering as a favorable feature in some cases.

[Peteyglad]

I am curious about this rumored change as well. Still no news that I have seen.