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@IodineNightSky wrote:
I’m so confused about a couple of the comments here - I have the gold charge and don’t see it show on my reports - doesn’t it not report unless it goes delinquent?
The charge cards do show up on all 3 credit bureau reports. They just don't factor into your credit utilization.
@Anonymous wrote:
@IodineNightSky wrote:
I’m so confused about a couple of the comments here - I have the gold charge and don’t see it show on my reports - doesn’t it not report unless it goes delinquent?The charge cards do show up on all 3 credit bureau reports. They just don't factor into your credit utilization.
Is your Gold less than 2.5 months old? It may need longer to report.
Is it a small business or corporate card? Those generally don't report to your personal credit.
@kshurika wrote:
Amex is banging on my head about these two cards. Mail, email, CSR's; they're all going at me. I won't go into the benefits of each card, or compare them. From what I can see, Platinum is a burn unless you travel a lot. I've got CSP for that and it's 95$/ vs. Platinum's 550$. The real sucker trap IMHO is that Platinum gives you 20% more sign-up points for 250% increase in initial spend.
Never been a big fan of charge cards. Can they boost your credit rating? (I KNOW they can crush it if you don't pay on time.) Do they drop your AAoA? Am I overlooking something? Convince me. I'm an attentive student.
Thanks.
Sounds like they want you. DEFINITELY check the cardmatch tool (incognito like another poster mentioned works, however I actually had to use a completely new, never launched browser on my computer IOT get the 100k offer).
To the point of 100k, I have both gold, plat and CSR (some think I'm nuts but I travel personally and professionally a few times a month). The gold is a serious workhorse if eat food, at all, in any form. The plat is definitely a benefit-based vehicle on which you just happen to be able to spend and maybe earn some MR points. That said, I had no plans to get the plat until I got the 100k offer. So now I have it and will keep for the year before cancelling and getting schwab plat for the 1.25 redemption into my portfolio (irrelevant to your scenario, appologies).
Credit: My credit did NOT take a huge ding at all with my first AMEX, additionally I learned that once you have one AMEX charge card getting another will only require a soft pull on credit, a nice feature (I'm sure some other AMEX nerd will point out some strings attached but it worked for me). They show as "open accounts" on my credit report and I do believe have AAoA next to them so it does help in that respect.
If you're not a fan of charge cards I'm guessing you carry a balance some times? Otherwise it's virtually the same thing IMO.
Bottom line: I echo others' input advising you NOT to get them unless you can create positive value. The restrictions AMEX puts on thier credits are very tedious and you have to remember each month to use the card for the credit or you lose it. CSR's travel credit is nothing of the sort and so much easier to use. Playing in both UR and MR ecosystems can be difficult if there isn't a large amount of travel spend. You may just be better off upgrading to CSR to stay in UR ecosystem for an aggregate increase in 55$/year.
Hope this helps!
@kshurika wrote:
Amex is banging on my head about these two cards. Mail, email, CSR's; they're all going at me. I won't go into the benefits of each card, or compare them. From what I can see, Platinum is a burn unless you travel a lot. I've got CSP for that and it's 95$/ vs. Platinum's 550$. The real sucker trap IMHO is that Platinum gives you 20% more sign-up points for 250% increase in initial spend.
Never been a big fan of charge cards. Can they boost your credit rating? (I KNOW they can crush it if you don't pay on time.) Do they drop your AAoA? Am I overlooking something? Convince me. I'm an attentive student.
Thanks.
Unless you're a big traveler, skip it. I used to have a business platinum card, and was just throwing my money out. I presently have the gold card, and am constantly struggling to find value in it equivalent to the huge annual fee. It's like I'm working for them, instead of having a card that works for me. If the gold card had no annual fee it would be a good card; with the annual fee it's not IMHO.
Don't be cowed by their marketing department.
Amex has been pushing those things for a long long time, so they are expert at pulling your strings.
I think they basically just want to collect $550 from another body. Because it seems like almost everyone is approved for the Platinum, it's alwasy there when I log on to my BCE now the BCP card. And I already have other AF cards with them, so It's not really "they must like sonething about you". As my spend isn't anything like others here. lol
They'd probably give almost anyone the card just to get swipe fees and the $550 AF, you don't even have to be special.