Misc Credit Card Questions

[ydf]

I just doubled checked it has a spend requirement of $5000

[David Smith]

Correct.

If you hurry up and do it now, you will be able to get the $200 airline credit for this year.
It will reset it January

Yup (although there are some troubles being reported on that end ).

Keep in mind the $450 AF..

Cancel within 60 to avoid that, or prorated if you cancel afterwards.

IMO, there will be another 50K offer for the Plat, but by upgrading you will avoid getting a new TL, which IMO is worth it for the upgrade

IMO, do both. What do you mean by another 50k offer? The standard offer is 40k, and the targeted offer is 100k.

[David Smith]

I just doubled checked it has a spend requirement of $5000

So get the personal platinum with 100k/3k offer, then upgrade this, spend 5k, and get 150k. When does offer expire?

[ydf]

Correct.

If you hurry up and do it now, you will be able to get the $200 airline credit for this year.

It will reset it January

Keep in mind the $450 AF..

IMO, there will be another 50K offer for the Plat, but by upgrading you will avoid getting a new TL, which IMO is worth it for the upgrade

whats tl?

[David Smith]

whats tl?

Tradeline, or line of credit. Basically, an additional account on your report.

[ydf]

So get the personal platinum with 100k/3k offer, then upgrade this, spend 5k, and get 150k. When does offer expire?

dont see anything about expiring

[David Smith]

dont see anything about expiring

Does it give you a link?

[ydf]

 

Yup (although there are some troubles being reported on that end ).Cancel within 60 to avoid that, or prorated if you cancel afterwards.
IMO, do both. What do you mean by another 50k offer? The standard offer is 40k, and the targeted offer is 100k.

What problems? is pggm no more working?
also is it safe to do that, to downgrade or cancel before 60 days just to grab signup offer, isent amex getting upset if you do that too much? I did that already twice on other cards

[ydf]

Does it give you a link?

yes

[David Smith]

:-[What problems? is pggm no more working?
also is it safe to do that, to downgrade or cancel before 60 days just to grab signup offer, isent amex getting upset if you do that too much? I did that already twice on other cards

There haven't been problems reported doing that, and people have done it dozens of times. The airline credit system seems to be having issues.

[David Smith]

yes

Can you post it?

[Cappy]

Yup (although there are some troubles being reported on that end <img src="http://s3.amazonaws.com/tapatalk-emoji/emoji20.png" /> ).Cancel within 60 to avoid that, or prorated if you cancel afterwards.
IMO, do both. What do you mean by another 50k offer? The standard offer is 40k, and the targeted offer is 100k.

The standard offer is 40K, but there would be non targeted targeted promotional offers that offer 50K in the future. 

Plus if you go ahead and get the card now, you'll get the $200 airline credit this month and in January again. You'll get the AF waived in January and you won't get a new TL reporting.

And if you decide to cancel the card in Jan. At least it will show that you closed the card after a year as per compared to 60 days. It looks a whole lot better.

I personally don't like playing these games... But it could be done

[ydf]

There haven't been problems reported doing that, and people have done it dozens of times. The airline credit system seems to be having issues.

but I have seen on CB that its not the best thing to close cards before its open a year or two

[David Smith]

The standard offer is 40K, but there would be non targeted targeted promotional offers that offer 50K in the future. 

Plus if you go ahead and get the card now, you'll get the $200 airline credit this month and in January again. You'll get the AF waived in January and you won't get a new TL reporting.

And if you decide to cancel the card in Jan. At least it will show that you closed the card after a year as per compared to 60 days. It looks a whole lot better.

I personally don't like playing these games... But it could be done

Once you get the card once, you can't get the bonus again with a standard offer. That would be unnecessarily forfeiting 100k. You really think closing the card has a negative impact on your report (besides for dragging down AAoA, pity amex doesn't backdate anymore)?

[Cappy]

but I have seen on CB that its not the best thing to close cards before its open a year or two

Read my last post

[ydf]

The standard offer is 40K, but there would be non targeted targeted promotional offers that offer 50K in the future. 

Plus if you go ahead and get the card now, you'll get the $200 airline credit this month and in January again. You'll get the AF waived in January and you won't get a new TL reporting.

And if you decide to cancel the card in Jan. At least it will show that you closed the card after a year as per compared to 60 days. It looks a whole lot better.

I personally don't like playing these games... But it could be done

why would the annual fee be waived in jan? And if I may ask why dont you personal like playing these games? Any problems?

[ydf]

Read my last post

right, it was referred to david smith, though whats the reason for it?

[Cappy]

Once you get the card once, you can't get the bonus again with a standard offer. That would be unnecessarily forfeiting 100k. You really think closing the card has a negative impact on your report (besides for dragging down AAoA, pity amex doesn't backdate anymore)?

As per the 100K offer, it depends how you value the points... That's for a different discussion

If you constantly close cards excessively and in short time frames, it doesn't look that great.

[David Smith]

As per the 100K offer, it depends how you value the points... That's for a different discussion

You can sell for $1400, for arguments sake.

If you constantly close cards excessively and in short time frames, it doesn't look that great.

You're talking in terms of FICO effect or manual review?

[ydf]

As per the 100K offer, it depends how you value the points... That's for a different discussion

If you constantly close cards excessively and in short time frames, it doesn't look that great.

but if I downgrade it before 60 days, is it also not the best thing?