CreditYouDeserve

14 Contributions 274 People Helped Top Contributor

Member Since: March 2019

Most Helpful Contribution

Chase Sapphire Preferred® Card

Aug 27, 2019
A good mid-tier travel card
Helpful to 113 out of 117 people

Even if you ultimately want the Sapphire Reserve card, this one might be worth getting first since it's (as of July-Aug 2019) offering a signup bonus that's 10,000 points higher. Also, if you're in the "building or solidifying credit" phase, the Preferred will be easier to qualify for since its minimum credit line is $5,000 versus the $10,000 minimum CL for the Reserve. In this scenario, you'd have to wait a year to upgrade to the Reserve, but if you hang onto all the points what you earned with the Preferred can be used with the higher redemption value of the Reserve after upgrading.

My application was done in a Chase branch since I was setting up a new checking account at the same time. This data may interest some: checking Chase's prequalification site beforehand gave me nothing (despite my FICO scores ranging from 792 to 835), but after setting up the checking account the Chase rep told me that he saw a message that I was prequalified for their credit cards. Then did the application for the Sapphire Preferred and was approved with a 17,000 CL. The card was expedited and showed up two days later.

Unlike with most American Express cards, one can't add Chase cards to Apple Pay before recieving the physical card. So if you might need the full 90 days to reach $4,000 spending to get the signup bonus, you should probably ask to have the card expedited (it will then be sent via overnight delivery) rather than waiting a week or two for snail-mail.

One thing I do appreciate about this card, versus AMEX: the "travel" category for elevated points multipliers is much broader, including rental cars, taxis and car services as well as airfare. Spending on Zipcar is also included in that category.

Activity (14 Total Contributions)

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Chase Sapphire Preferred® Card

Aug 27, 2019
A good mid-tier travel card
Helpful to 113 out of 117 people

Even if you ultimately want the Sapphire Reserve card, this one might be worth getting first since it's (as of July-Aug 2019) offering a signup bonus that's 10,000 points higher. Also, if you're in the "building or solidifying credit" phase, the Preferred will be easier to qualify for since its minimum credit line is $5,000 versus the $10,000 minimum CL for the Reserve. In this scenario, you'd have to wait a year to upgrade to the Reserve, but if you hang onto all the points what you earned with the Preferred can be used with the higher redemption value of the Reserve after upgrading.

My application was done in a Chase branch since I was setting up a new checking account at the same time. This data may interest some: checking Chase's prequalification site beforehand gave me nothing (despite my FICO scores ranging from 792 to 835), but after setting up the checking account the Chase rep told me that he saw a message that I was prequalified for their credit cards. Then did the application for the Sapphire Preferred and was approved with a 17,000 CL. The card was expedited and showed up two days later.

Unlike with most American Express cards, one can't add Chase cards to Apple Pay before recieving the physical card. So if you might need the full 90 days to reach $4,000 spending to get the signup bonus, you should probably ask to have the card expedited (it will then be sent via overnight delivery) rather than waiting a week or two for snail-mail.

One thing I do appreciate about this card, versus AMEX: the "travel" category for elevated points multipliers is much broader, including rental cars, taxis and car services as well as airfare. Spending on Zipcar is also included in that category.

Platinum Card® from American Express

Jul 15, 2019
Great for travel purposes
Helpful to 77 out of 80 people

My take on this card is that it's not meant to be a "daily driver" unless you don't care at all about how fast you're accumulating MR points. 5X on airfare, the Hilton Gold status and the airport lounge access are for me the main reasons to have this card. I happen to fly Delta a lot, and their Sky Clubs in the major airports make waiting for flights a lot nicer. Just in one nine-night stay at a Hilton property recently, the free upgrade to a top-floor suite and the daily free breakfast justified a large part of the Platinum card's annual fee. The only annoying "gotcha" is that if you book hotel stays for Hilton and Marriott through the AMEX travel site (have to book that way to earn the 5X MR points on the purchase), the "gold" status at those properties given by the card will NOT be recognized. I am not a frequent Uber user, but the monthly credit does work for Uber Eats so I basically call that "one free delivered lunch per month".

Having this card would make no sense for someone who rarely-to-never travels by air, but frequent travelers will easily get value way beyond the annual fee.

American Express® Gold Card

Jul 15, 2019
Great card to use for dining/groceries
Helpful to 25 out of 26 people

Applied for this a couple months after getting the Platinum card, got a "you're preapproved" message (despite Credit Karma rating my approval odds as only "fair") and was approved instantly with no hard pull. My FICO scores are between 792 and 835. While the Platinum is great for the 5X rewards on airline ticket purchases, it's pretty much 1X for everything else besides hotel stays purchased through AMEX travel. The value of the 4X points on groceries/dining on the Gold card for me easily justifies the annual fee. The $10/month restaurant credit is a bit too limited to be very useful to me, as is the $100/year airline incidentals credit (especially since the "gift card loophole" seems to have been recently slammed shut). Worth mentioning: literally the day after my posted charges reached the $2,000 mark (long before the first statement even closed), the sign-up bonus points were added to my account. I have never experienced anything less than outstanding customer service from AMEX reps whenver I've called them.

Platinum Card® from American Express

Sep 30, 2019
Helpful to 16 out of 16 people

Are you sure you actually have the American Express Platinum (charge) card (and not, perhaps, the Delta Platinum (credit) card? I ask because there's no stated "limit" with the Platinum card. I also don't quite understand how the "Equifax fraud", which was a couple years ago now, would have affected your credit score NOW.

Chase Sapphire Preferred® Card

Oct 30, 2019
Helpful to 13 out of 13 people

Most credit cards have very unfavorable terms for cash advances, and I believe most people would advise never to do that unless there's some dire emergency. Also most of the "Rewards" type cards have terrible interest rates, and the only *correct* (from the customer's point of view) way to use these cards is to *never ever* carry a balance. As much as I love these rewards type cards, I also think of them as potential financial hand-grenades: don't pull the pin! :-)

Blue Cash Everyday® Card from American Express

Nov 10, 2019
Helpful to 9 out of 9 people

So, if I'm understanding this post correctly...your overall revolving credit utilization shot up at some point after you got this card, with a resulting (I'm assuming substantial) drop in your FICO score? Seems safe to assume that your FICO score dropped below some threshold and therefore triggered a decrease in credit line. I'd also assume that if your FICO score had dropped even lower it might have resulted in the account being closed. As bad as this was for you, this was not "cheating" on American Express's part. Most banks do periodic account reviews, with similar results if there's substantial changes in a customer's credit profile. Your key takeaways should be 1) watch your utilization carefully, and 2) learn what days of the month that your accounts tend to report, and 3) wherever possible, make payments in advance of those "reporting days" if your credit utilization is higher than it should be.

American Express® Gold Card

Jul 15, 2019
Helpful to 5 out of 5 people

"ANGRYAMERICANEXPRESSUSER" your story doesn't even make sense. The fee for AMEX cards appears in your first statement. If you waited for some kind of email reminder to pay it, that implies that it must have been overdue. Especially since you say you had to "fight for weeks for the card" (whatever that means), if any of this story is even true it probably indicates that you were considered "marginal at best" by AMEX and when you required an email reminder to make a payment they made the decision to cut you loose.

Blue Cash Everyday® Card from American Express

Nov 10, 2019
Helpful to 4 out of 4 people

You posted this same review, word for word, about the American Express Platinum card on the same day your posted this. Between the duplicate reviews and terrible spelling/grammar/random capitalization, credibility is questionable at best. The "Equifax fraud" was a couple years ago, how exactly did that affect your credit score in September 2019?

Merrick Bank Double Your Line™ Visa® Credit Card

Oct 08, 2019
Helpful to 3 out of 3 people

Why would someone with "a 700-750 credit score for years" even be applying for this card? In any case, I'd at least try disputing the multiple inquiries with Experian...but my "suspension of disbelief" is having a lot of trouble with "700-750 score" and "applying for a Merrick Bank credit card". Makes no sense.

Platinum Card® from American Express

Sep 30, 2019
Helpful to 7 out of 9 people

Is this your first account with American Express? If you have no previous relationship with them, this scenario (annoying as it was for you) sort of makes sense from their viewpoint.

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