Please excuse if this was posted somewhere else. Could not find the correct forum.If i'm a very large spender - spending 6m+ a year on amex. Mostly purchases under 5k. What's the best strategy?Platinum card only? How do I mix in AMEX Everyday Preferred card?Thanks!
why not put most on the EDP?
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if so, why not BBP (2x) while you're at it?
And then transfer over?
please enlighten me. Which card is EDP?
Got it. Amex everyday preferred. Actually makes sense. Should be doing 30 transactions a month.6mm/12 = 500k per monthTransactions are typically less then 5k. So Should be doing at least 100 transactions per month.
Chances are your not getting a 500k credit limit or anywhere near that on an EDP. And cycling your credit that much would prob not be so good. With a BP you’re able to raise your limit with your spending pattern and in due time be able to spend that amount. Also, it would keep your balances off your personal credit report. Unfortunately since you said your charges are less then 5k you wouldn’t get the 1.5 bonus. If you don’t care for points perhaps the plum will be worthwhile or what category are you spending in?
Unless you are redeeming the points yourself, which at 6MM a year is unlikely to be the case, 2% cashback is the way to go. It might need some work getting your desired credit line with a card like the Capital One Spark, but it's doable.
If you can't get a biz centurion spending 6MM a year then Idk what's going on with amex these days.
It's not spend alone that matters; it's spend + what it spent on.
Why would you want a Centurion card? $7,500 initiation and $2,500 AF!