I would argue the exact opposite. I think people new to credit should get a charge card first so they can get use to paying their bill every month in full. If they can't handle a charge card they are doomed with a credit card. Just my 2 cents.
Tee Cee you're leaving lots of money on the table by not taking advantage of charge cards and the rewards you can get from them. New AMEX Gold is a perfect example. But I understand some people aren't responsible enough or smart enough to be able to use charge cards properly.
The American Express everyday card is also good to get even after you get the Platinum card. The Everyday card can be used as a safety net for all your hard earned membership rewards points in case you have to cancel your Platinum card if you were to run into any financial troubles. It would be awful to lose all of those membership rewards points.
Am a college student and this is the sole reason I'll be getting this card. To have a permanent MR safety net in my wallet, and also can obtain a nice MR points stack before I even think about applying for a Gold/Plat
I applied and got approved for a $2,000 credit line! I've been watching your videos and following your teachings! Also have 2/3 chase cards ( chase SP card the last one I need) Goal is to apply for that card probably during my senior year of college or spring my Junior year) Going to use to it just to get into the amex point system.
@@Th33Vultur3 yes, I got the AMEX Gold card about 3 years ago. Best card for my everyday spend, and the $250 annual fee gets almost completely offset with the credits. Highly recommend!
@@jamese9086 I got the Green card on 2/14/22, the EveryDay on 2/20/22. The Blue Business Plus on 6/13/22 and the Cash Magnet on 6/17/22. The first two were hard pulls and the latter were soft pulls.
Mo Dill they pull from Experian. The score was 689 on experian site as well as myfico. I believe they did a soft pull, my score did not go down. Where as my other cards when I applied for them the score dropped immediately.
D W, I guess the lower your score the lower the credit limit will be. Just manage it right keep your spending below 10% I know if you havr the 0% apr for 15 months. After that pay your monthly bill in full. They will raise the credit limit within 6 months.
I just got this AMEX card. This is my 6th card I have with them. I recommend starting out with a charge card, Gold or Green for the first year to show you can pay the balance in full every month. This will show American Express your credit worthiness and payment history. That’s my opinion.
I have the everyday card, but another 1 I got was to get the blue business plus. I did it as a sole proprietor. It's no annual fee and gets 2X per dollar for up to $50,000 spend in a calendar year then 1x afterwards. When you max out the grocery category on the everyday card, switch all your spending to the blue business plus or if you go to Walmart supercenter or target that's not considered a supermarket, use the BBP instead
SCORED ! Thanks 4 your recommendation ! Just got approved with a $8K CL ! WOW ! My highest CL on any card was 2K on my first Chase card(CFU). Now I’m all set for my CSP Application in about 6 months ! Thanks again ! Who new ?
I only applied for that card on Monday and it arrived in the post this morning. Can’t wait to start using it and collecting points. I thought about going for gold but I didn’t think I would have spent enough to get the sign up bonus plus as well I didn’t like the idea of an annual fee just to use a card; so the Everyday was the best option for me. I’m not interested in using cards to get into airports lounges so that was another reason why not to go for gold or platinum
Not sure I'd agree Shifu, especially with their new bonus restrictions. It's a solid card to keep those MR points alive vs requiring fee cards to transfer points, like Chase. You'll find 25k offers if you go incognito, same spend requirement too. Keep up the good work. 👍
I have that card and it is, the best card. And you get the same Amex offers. As a regular charge card, I had mine sense 2016. 👍🏽👍🏽👍🏽🙂 And it’s good shopping at the supermarket.
Yeah to me it's pointless to get the amex Platinum. Because you have to pay that high, annual fee after your first year is over. With this card its no fee, plus i collect my amex travel points. I look at it as this some, people just get the charge cards for show. Am good with my amex everyday card.👍🏽👍🏽BEST FIRST AMEX CARD! 👍🏽😃
I don't have an Amex but have been researching to get one. The Gold looks attractive with the travel rewards and also the British Airways one.I did the likelihood of getting approved on their site and got a 9/10 for both, which was surprising as I have just a year's worth credit history. Although I have two other cards (a Barclay Freedom and Lloyds Platinum) and have been paying my balances off in full.
Great video, thanks. I got instant approval with a credit score of 867 (UK) & it's my first AMEX card...the aim is to get a higher credit score. I'm keen to see how long this will take.
Can you pay your rent then pay the card off right away to get the bonus? Obviously paying rent with a credit card isn't smart but for the sake of the bonus.
I like Amex the green card was my first card that open the door for me. Then as time went on I now have a total of four regular credit cards 💳 ( 5 total combine )
This is great for consolidating and transferring debt from one credit card to this one. There are 0 fees for transferring money into it and 0% APR on Balance Transfers for 13 months as long as you transfer within 60 days. If not, the APR could be up to 24% after the 60 days if I'm not mistaken. There are almost no cards this great for Transferring debt. Hopefully this will be my last credit card for a long time if not ever.
You are more likely to get 100K platinum target offer if you do NOT have a relationship with Amex, is it worth to miss out all of the Amex offer to wait for that 100K? I have about 18 credit card now since I start watch your videos, and I still haven't get any Amex card yet. Would you recommend me to wait for the 100K offer?
I’ve had this card for over a year now. I love the card a lot. I’ve been with chase with my 2 other cards but I came to love Amex way more than chase. Looking for another Amex to get any advice keep in mind I’m 19 In college and I have the Amex everyday the freedom unlimited and sapphire preferred. Any good Amex card to compliment the everyday?
I got carried away a few month ago and ended up with a bunch of sub prime cards now with a score of 730 I wonder if the hard inquiries from the pass year will hurt my chances of getting the Amex
Would you recommend this card as a 2nd overall credit card? I’m about to hit 6 months of credit (currently only have a secured credit card), I’m considering the BOA Cash Rewards credit card next. Should I go for the Amex over the BOA?
I never thought about applying for a charge card. I received a paper in the mail stating I was preapproved. My score was over maybe 720 then I apply. To be honest I thought they would denied. But I got approved.
Now I have three cards with them by doing well on my charge card. But I down graded because they are raising the fee on the gold card. Bring up your score more and wait until they send you a letter in the mail you are approved
I called them up and told them to put me in the system. That I am interested in the AMEX every day card and the write it down and one day I got the offer for the card.
Let’s say I’ve had this card for over a year. Always paid in full and just have an overall good standing record with AMEX. What card can I upgrade this too outside of the “ Cash Everyday” family? Thanks Man.
Benjamin, did applying for this card result in a lower offer for the Amex Platinum? I was thinking about having my wife apply for this later to save points in case The Platinum doesn’t make sense after year 1.
Alex Bright - unfortunately credit cards from USA do not have real chip-and-pins. They have chip-and-signature instead. with signature as primary form of verification. i believe only 3 credit unions in the US offer real chip-and-pin cards. Some banks do allow you to set up a pin, but its only for ATM/cash advance use. If you're lucky, you may have a bank that allows pin as a secondary form of identification for credit purchases.
And interestingly in the US they aren't even requiring the signature anymore for a lot of purchases. I know Costco didn't require it until $200, but might be higher now. Its to the point I'm surprised when I have to sign. I have no idea where this makes sense but it is what we have.
so if i have a auto loan and a credit card and i pay my monthly for auto loan with my credit card instead of my debit card. would that be double credit reporting for me?
Question🤔: as far as using the card 20 times can you use for transportation (bus, Uber, Lyft)? Also can use it for online shopping? If I can how times should I use it
So if you get the 10k signup points for this card and later decide to upgrade to platinum, would you still get the 60-100k bonus offer on the upgrade? Assuming its been a couple years after getting the everyday card, would it be better to just get a card for the platinum or upgrade Everyday to platinum?
I had a credit limit of 200 used 123 and paid it in full two days before the due date my credit utilization is 54% and my score dropped 40 points. It’s been paid off in full the September 12th(the due date) and my credit limit went up to 500, I made a new purchase on the 16th that will keep my usage under 7% which I intend to keep at 7% till the next due date and pay it 2 days early like last time , question is, they didn’t update my credit score, is it bad that I made a low purchase just to show I use it? Or should I have waited till my credit score updated and then spend?
I’m confused, say on day 1 of the monthly cycle I spend $500 then do not spend anything until the end of the circle. Would I get charged the same amount of interest if I spent $500 on day 29 of my circle instead of day 1? As from day 2-28 do they work out the interest on a daily basis?
Yes, the interest would be charged on an average daily basis, if you spent $500 on day 29 it wouldn't be as high as when you charged on day 1 of your statement cycle.
Adrian Vega it gives you great offers. Like I spent 75$ on chewy and they gave me 25$ back. I spent 200$ at sunglass hut and got 50$ back etc just depends on the offer
This was my first Amex, love this card..member since `15..just yesterday I got an invite for the Amex Platinum 5k spend for 60k MR. Wonder if I can pay of my car loan from Chase with that due to it being a charge card? Any advice would be great Shifu! Thanks thumbs up
Fu Lim if you have the cash now, not a bad way to got minimum spend. Just keep in mind your opportunity cost for that cash. What would you have done with the cash if not paying off your car this month?
Jameson North Thanks for replying but my question is that IF we can pay off my Chase car loan with the AMEX plat. Sorry for not clarifying better. Thanks!
Fu Lim Possibly, but it would be expensive to do so. You can generally purchase a vehicle (or a portion of one) on a credit card, but paying off a loan with a credit card would incur fees that may negate your rewards value. Check with your loan provider if they accept credit cards, and if there are any fees associated with that.
Amex Everyday T&C says they will not transfer debt that isn't in your name. So I am unable to transfer my husband's debt to my 0% $0 fee card? I chatted with their rep and they said it was a federal rule that you cannot transfer debt not in your name. OK... BOA BankAmericard said I can. The final option I will look at is the Chase Slate Visa, which also has $0 fee balance transfers right now. Who is correct?? Thanks.
You can make more small transactions, but I wouldn’t push it too much, since it could look like you gaming the system. Remember you have a month to do it, so you don’t need to stand at the gas station and pump 30 gallons individually in one day
This always seemed like the first amex card to get, until of course the new wells fargo propel from amex...ask sebby just put the video out yesterday and that card sounded like an even better starting point for amex with it still being no annual fee. What are ur thoughts on that?
Keep in mind even though the Propel card says American Express, it's not issued by Amex. It's a Wells Fargo card that uses American Express for processing and some network perks. USAA has some cards that are similar.
Yeah, I went and read the article. I'm kinda ok now with missing that deal haha. I chose my card because the annual fee was low enough and I didn't need perks, just a way to earn points. Besides the bonuses, it looks like it earns the same on purchases
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Getting an Amex is one of my credit goals. Now I know what to shoot for.
Have you gotten a Amex card?
@@cfcr.8090 i just got approved
I got instant approval with 650 credit score. 4 months credit history. 500CL
did ask for income proof or tax return before approval?
I would argue the exact opposite. I think people new to credit should get a charge card first so they can get use to paying their bill every month in full. If they can't handle a charge card they are doomed with a credit card. Just my 2 cents.
Steven Miller highly agreed
Makes sense to me
Agree. I treat my chase trifecta as if they are all charge cards. Or debit cards even.
Never have and never will have a charge card. Credit cards all day. Keep your 2cents😜
0%apr for 15months😁😁😁
Tee Cee you're leaving lots of money on the table by not taking advantage of charge cards and the rewards you can get from them. New AMEX Gold is a perfect example. But I understand some people aren't responsible enough or smart enough to be able to use charge cards properly.
The American Express everyday card is also good to get even after you get the Platinum card. The Everyday card can be used as a safety net for all your hard earned membership rewards points in case you have to cancel your Platinum card if you were to run into any financial troubles. It would be awful to lose all of those membership rewards points.
Exactly the reason I am considering this card. I have the Gold card right now but like the idea of a safety net
Am a college student and this is the sole reason I'll be getting this card. To have a permanent MR safety net in my wallet, and also can obtain a nice MR points stack before I even think about applying for a Gold/Plat
I have the EveryDay and the Blue Business Plus. Two safety net cards for all my hard earned Amex points
I applied and got approved for a $2,000 credit line! I've been watching your videos and following your teachings! Also have 2/3 chase cards ( chase SP card the last one I need) Goal is to apply for that card probably during my senior year of college or spring my Junior year) Going to use to it just to get into the amex point system.
This is my first Amex card and I love it... They approved me for 15k January 2020 this year has started off great.
Always get compliments on this card of how it looks. One of my favorites
Just got my first AMEX. Ended up getting the new AMEX Magnet and got approved for a 10k limit. Love the card!
Have you gotten any other AmEx cards since then?
@@Th33Vultur3 yes, I got the AMEX Gold card about 3 years ago. Best card for my everyday spend, and the $250 annual fee gets almost completely offset with the credits. Highly recommend!
@@jamese9086 I got the Green card on 2/14/22, the EveryDay on 2/20/22. The Blue Business Plus on 6/13/22 and the Cash Magnet on 6/17/22. The first two were hard pulls and the latter were soft pulls.
To You Mr. Credit Shifu, thanks for all the help! I applied for this card and got instantly approved!
Good to know, I just got approved for this card few days ago, this is my first Amex card.
Donald C if you don't mind me asking, what was your fico and from which credit report did they pull
Mo Dill they pull from Experian. The score was 689 on experian site as well as myfico. I believe they did a soft pull, my score did not go down. Where as my other cards when I applied for them the score dropped immediately.
Same, I was given a £2000 limit with a credit score of 379 which in England is average. I think this will really help my credit score
D W, I guess the lower your score the lower the credit limit will be. Just manage it right keep your spending below 10% I know if you havr the 0% apr for 15 months. After that pay your monthly bill in full. They will raise the credit limit within 6 months.
D W a. zx🐌🐛🦋🦋🦅🐜🦐🐞. 🐳🦏🐪🦒🦌🐏🦌🕊🕊🦃
I just got this AMEX card. This is my 6th card I have with them. I recommend starting out with a charge card, Gold or Green for the first year to show you can pay the balance in full every month. This will show American Express your credit worthiness and payment history. That’s my opinion.
I needed this. Just got my last Chase card, and looking to get my first Amex in a few months.
Old video but still relevant for me. Thankyou.
I'm finding it is also a great "last" card. Great place to park your points if you downgrade from the fee charge cards.
I have the everyday card, but another 1 I got was to get the blue business plus. I did it as a sole proprietor. It's no annual fee and gets 2X per dollar for up to $50,000 spend in a calendar year then 1x afterwards. When you max out the grocery category on the everyday card, switch all your spending to the blue business plus or if you go to Walmart supercenter or target that's not considered a supermarket, use the BBP instead
SCORED ! Thanks 4 your recommendation ! Just got approved with a $8K CL ! WOW ! My highest CL on any card was 2K on my first Chase card(CFU). Now I’m all set for my CSP Application in about 6 months ! Thanks again ! Who new ?
I only applied for that card on Monday and it arrived in the post this morning. Can’t wait to start using it and collecting points. I thought about going for gold but I didn’t think I would have spent enough to get the sign up bonus plus as well I didn’t like the idea of an annual fee just to use a card; so the Everyday was the best option for me. I’m not interested in using cards to get into airports lounges so that was another reason why not to go for gold or platinum
Good to know! I’m at 670, I’ll wait until I get to 700 to apply
My first Amex card is the Platinum
I’m 18 and just got approved for one and it arrives in 3 days ( im from uk )
Not sure I'd agree Shifu, especially with their new bonus restrictions. It's a solid card to keep those MR points alive vs requiring fee cards to transfer points, like Chase. You'll find 25k offers if you go incognito, same spend requirement too. Keep up the good work. 👍
Just got approved for this and the hilton honors. 3k a piece. Fico 695.
So true charge cards are dangerous if your not careful
don't have a plant to get a credit card, my spending aren't that much anyway but there's somethibg about your video that makes me keep coming.
This card looks badass
I GOT MINE IN JANUARY AND LOVE IT
My first card was the amex hilton card. Then after that about a month later I got a amex gold card.
My first AMEX was the Blue Cash Preferred as I don't travel much, but I spend a lot at grocery stores.
My first Amex card was the Hilton honors card.
Me too!
I have that card and it is, the best card. And you get the same Amex offers. As a regular charge card, I had mine sense 2016. 👍🏽👍🏽👍🏽🙂 And it’s good shopping at the supermarket.
Yeah I should have mentioned the offers actually, forgot about that
Yeah to me it's pointless to get the amex Platinum. Because you have to pay that high, annual fee after your first year is over. With this card its no fee, plus i collect my amex travel points. I look at it as this some, people just get the charge cards for show. Am good with my amex everyday card.👍🏽👍🏽BEST FIRST AMEX CARD! 👍🏽😃
My first card with Amex was the PRG card. And I’m kinda eyeing the Platinum
I wish amex would allow you to convert cash back to MR points.
I don't have an Amex but have been researching to get one. The Gold looks attractive with the travel rewards and also the British Airways one.I did the likelihood of getting approved on their site and got a 9/10 for both, which was surprising as I have just a year's worth credit history. Although I have two other cards (a Barclay Freedom and Lloyds Platinum) and have been paying my balances off in full.
I have the UK British airways one. Got approved very easily
my first Amex card was the Gold card. Had a 722 credit score with only 5 months credit history.
Great video, thanks. I got instant approval with a credit score of 867 (UK) & it's my first AMEX card...the aim is to get a higher credit score. I'm keen to see how long this will take.
I really like the info on this video, it will help me out on my credit plan...thanks for posting!
Can you pay your rent then pay the card off right away to get the bonus? Obviously paying rent with a credit card isn't smart but for the sake of the bonus.
I like Amex the green card was my first card that open the door for me. Then as time went on I now have a total of four regular credit cards 💳 ( 5 total combine )
So if they will approve you above 700, then why not get a better card, such as the Aspire card?
Curious what would you say in 2022 for your first Amex card
There's also some promotions where it's balance transfer fee free,with 0% for 12-15 months, no annual fee and bonus MR points sometimes up to 10000 😌
Do they still do this now, in 2021?
My first was gold I think im gonna go for this one after I finish my signup bonus
Just got approved for my first card! AMEX more rewards 5000 limit. Can I pay child support and alimony with it?
Lmao.
This comment made me run my fingers through my hair
I just got this one in case I ever ditch the chase trio for Amex.
This is great for consolidating and transferring debt from one credit card to this one. There are 0 fees for transferring money into it and 0% APR on Balance Transfers for 13 months as long as you transfer within 60 days. If not, the APR could be up to 24% after the 60 days if I'm not mistaken. There are almost no cards this great for Transferring debt. Hopefully this will be my last credit card for a long time if not ever.
Hello, I started off with the green card? Now I have the prg gold and the blue cash card.
You are more likely to get 100K platinum target offer if you do NOT have a relationship with Amex, is it worth to miss out all of the Amex offer to wait for that 100K? I have about 18 credit card now since I start watch your videos, and I still haven't get any Amex card yet. Would you recommend me to wait for the 100K offer?
I have this card and have 102k points. Is it best just to transfer to airlines for max value?
I got it and it’s my first AE card. I feel like a giant
no demos of portal nothing.chase gets everthing. please give us more amex demos ,we need that
I’ve had this card for over a year now. I love the card a lot. I’ve been with chase with my 2 other cards but I came to love Amex way more than chase. Looking for another Amex to get any advice keep in mind I’m 19 In college and I have the Amex everyday the freedom unlimited and sapphire preferred. Any good Amex card to compliment the everyday?
This is useful cause this is my first credit card at 20 years old. Trying to move up the ladder to the Platinum.
Pretentious Jay Wait, so do you currently have this card as your first, or are you planning on it?
Pretentious Jay My first credit card is the discover it, got it last month and my credit is now 660+ which is amazing to me cause it’s new credit
I could see some people that don’t know how to use a charge card get in trouble. If there not careful with it.
It’s coming to me in the mail right now can’t wait
Do a video on the new Propel card
Rizzy4magic very agreed!
Rizzy4magic You don't follow "ask sebby"? He uploaded a video on that card already.
I made this card along with blue cash and gold my first cards only counted as 1 inquiry
Just got approved for the card
Amex everyday card is my first amex card. I like it. But i want to learn how to use the point.
My first Amex card
I got approve for the green card then they approve me for the gold card 2 months later do you think I would get approved for the everyday credit card
Do you know of the range of credit lines for this card? We got a $1,000 line. I'm sure a high score and high income play a big part.
Makes me wonder why they even offer the basic Blue card.
sooo all the points can be add to travel points eventually
I LOVE my Amex Everyday Card :-)
is it worth getting if you have a 750 score? hard to find a good amex card and dont really think the plat is worth the annual fee for me at this time
Does the SPG card use MR points as well?
My first Amex card was the platinum and I had a score around 720, not only did they not ask me for proof but they didn't hard pull either
Abhishek Ravikiran So they didn't do an Experian hard pull? Thanks for sharing
MrTyBinary none of my 3 reports have a hard pull from AMEX
Abhishek Ravikiran wow what a blessing
I got carried away a few month ago and ended up with a bunch of sub prime cards now with a score of 730 I wonder if the hard inquiries from the pass year will hurt my chances of getting the Amex
Have it
Upgrade ladder please I want to know this on all cards from the worst tiers if they can upgrade to the most certain ones that do always upgrade
Yooo i jus took my momma card n ijus wanna kno how much i can spend cuz i dont wanna sweep da whole thing
Just keep swiping until it's denied, bro
Would you recommend this card as a 2nd overall credit card? I’m about to hit 6 months of credit (currently only have a secured credit card), I’m considering the BOA Cash Rewards credit card next. Should I go for the Amex over the BOA?
How much history should I have with this card before I move up to something like the Blue or Gold Delta card?
I have a 715 and carry a 0 balance at the end. Why did Amex deny me??
Are they racist agaisnt potatoes???
potatoes are starchy
I never thought about applying for a charge card. I received a paper in the mail stating I was preapproved. My score was over maybe 720 then I apply. To be honest I thought they would denied. But I got approved.
Now I have three cards with them by doing well on my charge card. But I down graded because they are raising the fee on the gold card. Bring up your score more and wait until they send you a letter in the mail you are approved
I called them up and told them to put me in the system. That I am interested in the AMEX every day card and the write it down and one day I got the offer for the card.
I got denied for the every day card and got approved for the gold card lol
Let’s say I’ve had this card for over a year. Always paid in full and just have an overall good standing record with AMEX. What card can I upgrade this too outside of the “ Cash Everyday” family? Thanks Man.
Anthony Peralta so you’re wanting a charge card?
I have a FICO score of 705 do you think I will get approved in so scared to get denied
Why aren’t you doing a video on Wells Fargo Amex Propel??! Pls ;)
Can the MR points be redeemed as statement credit?
MrTyBinary at a terrible rate. 0.6 cpp.
great video
Benjamin, did applying for this card result in a lower offer for the Amex Platinum? I was thinking about having my wife apply for this later to save points in case The Platinum doesn’t make sense after year 1.
Does it have 1 point one every thing not grocery store or is that the only thing it gives points back for?
The Credit Shifu: I wish I could show you the sketch I made of you on my desk while watching ur vid. It’s pretty good actually. Cartoony-style! 😉
Where did you get your credit scores from?
With all those cards PIN numbers must be a problem.
Do you have the same one or a special formula to calculate PIN from card numbers?
Alex Bright - unfortunately credit cards from USA do not have real chip-and-pins. They have chip-and-signature instead. with signature as primary form of verification.
i believe only 3 credit unions in the US offer real chip-and-pin cards.
Some banks do allow you to set up a pin, but its only for ATM/cash advance use.
If you're lucky, you may have a bank that allows pin as a secondary form of identification for credit purchases.
And interestingly in the US they aren't even requiring the signature anymore for a lot of purchases. I know Costco didn't require it until $200, but might be higher now. Its to the point I'm surprised when I have to sign.
I have no idea where this makes sense but it is what we have.
Thanks for the update. I thought the USA moved to ChipPin.
Alex Bright - nope they moved to chip and signature. cause US banks are stupid.
so if i have a auto loan and a credit card and i pay my monthly for auto loan with my credit card instead of my debit card. would that be double credit reporting for me?
Need to pay in full on statement closing date or due date On charge cards?
Question🤔: as far as using the card 20 times can you use for transportation (bus, Uber, Lyft)? Also can use it for online shopping? If I can how times should I use it
20 times per month, any transaction counts (except if you got a refund, and probably cash advances dont count)
@@TheCreditShifu Question: what are the top credit cards In your opinion to pay bills (Rent, Mortgage, phone bill etc)?
@@TheCreditShifu also I am applying it right now, what should I put for NON-TAXABLE ANNUAL INCOME? Because I don’t even know what that is.
So if you get the 10k signup points for this card and later decide to upgrade to platinum, would you still get the 60-100k bonus offer on the upgrade? Assuming its been a couple years after getting the everyday card, would it be better to just get a card for the platinum or upgrade Everyday to platinum?
I had a credit limit of 200 used 123 and paid it in full two days before the due date my credit utilization is 54% and my score dropped 40 points. It’s been paid off in full the September 12th(the due date) and my credit limit went up to 500, I made a new purchase on the 16th that will keep my usage under 7% which I intend to keep at 7% till the next due date and pay it 2 days early like last time , question is, they didn’t update my credit score, is it bad that I made a low purchase just to show I use it? Or should I have waited till my credit score updated and then spend?
AMEX every day or AMEX blue cash preferred which is better?
deathward990 on earns mr points and the other cash back so it depends what you are going for
I’m confused, say on day 1 of the monthly cycle I spend $500 then do not spend anything until the end of the circle. Would I get charged the same amount of interest if I spent $500 on day 29 of my circle instead of day 1? As from day 2-28 do they work out the interest on a daily basis?
Yes, the interest would be charged on an average daily basis, if you spent $500 on day 29 it wouldn't be as high as when you charged on day 1 of your statement cycle.
Is this card the one to get those special Amex offers? Like the amazon 20% off offer ?
Adrian Vega it gives you great offers. Like I spent 75$ on chewy and they gave me 25$ back. I spent 200$ at sunglass hut and got 50$ back etc just depends on the offer
Alex Pirate Do u have the blue cash one?
I have the everyday
Doctor of Credit China 25k MRP 👍🏻
This was my first Amex, love this card..member since `15..just yesterday I got an invite for the Amex Platinum 5k spend for 60k MR. Wonder if I can pay of my car loan from Chase with that due to it being a charge card? Any advice would be great Shifu! Thanks thumbs up
Fu Lim if you have the cash now, not a bad way to got minimum spend. Just keep in mind your opportunity cost for that cash. What would you have done with the cash if not paying off your car this month?
Jameson North Thanks for replying but my question is that IF we can pay off my Chase car loan with the AMEX plat. Sorry for not clarifying better. Thanks!
Fu Lim Possibly, but it would be expensive to do so. You can generally purchase a vehicle (or a portion of one) on a credit card, but paying off a loan with a credit card would incur fees that may negate your rewards value. Check with your loan provider if they accept credit cards, and if there are any fees associated with that.
That might be treated as a cash advance.
Hello _ hmm...cause I do want the platinum and by hitting min. spend..I can pay off my truck
Amex Everyday T&C says they will not transfer debt that isn't in your name. So I am unable to transfer my husband's debt to my 0% $0 fee card? I chatted with their rep and they said it was a federal rule that you cannot transfer debt not in your name. OK... BOA BankAmericard said I can. The final option I will look at is the Chase Slate Visa, which also has $0 fee balance transfers right now. Who is correct?? Thanks.
So what does 10,000 points represent roughly? An airline ticket (1 way or RT), a hotel stay?
Consider 1.6 cents per point if you use it wisely
To meet the 30 transaction criteria, can I buy one gallon of gas, 30 times?
You can make more small transactions, but I wouldn’t push it too much, since it could look like you gaming the system. Remember you have a month to do it, so you don’t need to stand at the gas station and pump 30 gallons individually in one day
This always seemed like the first amex card to get, until of course the new wells fargo propel from amex...ask sebby just put the video out yesterday and that card sounded like an even better starting point for amex with it still being no annual fee. What are ur thoughts on that?
Yeah I will get around to doing a video about that soon, I saw that it is coming out
But the Propel card doesn't earn MR points does it? Just the WF Go Far Rewards. Right?
Keep in mind even though the Propel card says American Express, it's not issued by Amex. It's a Wells Fargo card that uses American Express for processing and some network perks. USAA has some cards that are similar.
You hear about the new southwest credit card being released today?
Say it isn't true... I just opened a Rapid Rewards Premium card :(
Jacob Lancaster yup it’s a$149 annual fee. Travel credit and discount on inflight purchases 4 yearly upgrades
Yeah, I went and read the article. I'm kinda ok now with missing that deal haha. I chose my card because the annual fee was low enough and I didn't need perks, just a way to earn points. Besides the bonuses, it looks like it earns the same on purchases
Can you upgrade to the gold with no hard pull?
once you have an amex card, any amex application thereafter will be a soft pull.
What exactly can the MR points be used for?
Russell Barker transfer to hotel and airline miles, gift cards, and merchandise.