paying off credit cards....

[afbar1114]

i plan on paying off 2-3 of my credit cards and putting money on others as well and then not use them until the $0 bal posts to my reports to see my credit shoot up.(maybe have them post like $20.) i just got approved for the zync card so my foot is in the door with them my goal is to get the gold card. i know its a high fee but it might be worth the perks it gives. stuff i cant get on cap1 or BBRZMC
 

[jamesdwi]

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@afbar1114 wrote:

i plan on paying off 2-3 of my credit cards and putting money on others as well and then not use them until the $0 bal posts to my reports to see my credit shoot up.(maybe have them post like $20.) i just got approved for the zync card so my foot is in the door with them my goal is to get the gold card. i know its a high fee but it might be worth the perks it gives. stuff i cant get on cap1 or BBRZMC
 

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high? it's $25 a year? seems cheap to me I see people (including me) paying $39 for a cap one rewards card, i see people people being extorted with $79 for a $350 CL, I see monthly fees for of $6 a month plus $48 annual fees. 

$25 is cheap and you get a limit that grows with you,  AMEX green is $95, Gold is $125. and there platinum is $475.  

[afbar1114]

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@jamesdwi wrote:

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@afbar1114 wrote:

i plan on paying off 2-3 of my credit cards and putting money on others as well and then not use them until the $0 bal posts to my reports to see my credit shoot up.(maybe have them post like $20.) i just got approved for the zync card so my foot is in the door with them my goal is to get the gold card. i know its a high fee but it might be worth the perks it gives. stuff i cant get on cap1 or BBRZMC
 

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high? it's $25 a year? seems cheap to me I see people (including me) paying $39 for a cap one rewards card, i see people people being extorted with $79 for a $350 CL, I see monthly fees for of $6 a month plus $48 annual fees. 

$25 is cheap and you get a limit that grows with you,  AMEX green is $95, Gold is $125. and there platinum is $475.  

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i ment the gold card was high. not the zync and  i am one of those people that has the $7 a month $48 a year and plan on closing that card this year as it is no longer needed.

[RyVision]

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@afbar1114 wrote:

i plan on paying off 2-3 of my credit cards and putting money on others as well and then not use them until the $0 bal posts to my reports to see my credit shoot up.(maybe have them post like $20.) i just got approved for the zync card so my foot is in the door with them my goal is to get the gold card. i know its a high fee but it might be worth the perks it gives. stuff i cant get on cap1 or BBRZMC
 

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I think it's a great plan. My only question is the AMEX gold going to be that good to you? You have the backdating with Zync, for when you get another AMEX. So that's locked in. There are other cards that might be more rewarding than AMEX gold (I think the Gold's fee is a bit high unless someone is going to use it very heavily). Unless you want to add it so it boosts your AAoA, then I understand the choice.  Really depends what perks are important to you also, so I'm not judging, just trying to understand the going for the gold (so to speak lol). 

[afbar1114]

Is Alex hard to get? I work in a drug store where I see amex all the time mostly gold and plat.

[RyVision]

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@afbar1114 wrote:
Is Alex hard to get? I work in a drug store where I see amex all the time mostly gold and plat.

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From what I know, the charge cards are the easier to get products from AMEX (not as easy as Cap 1 etc by a long shot however, just so I'm clear). The revolvers (credit cards) like Blue, Blue Cash etc etc are a lot harder to get than the charge cards they offer. On top of that, AMEX can be "quirky" to a confusing degree.

[Anonymous]

I like the AMEX charge cards because they have to be paid off in full every month -- builds discipline!  

Your plan sounds like a good one afbar.  I hope it works out well for you!