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Old 12-05-2009, 10:26 AM
 
Location: Chapel Hill, N.C.
36,503 posts, read 47,602,580 times
Reputation: 47599

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I had this card but haven't used it for several years. Now they want me to reactivate it again for a fee of $95 and I will get a certificate to allow a round trip for a companion for $99 if I pay a regular ticket for myself.
I will earn one mile for every $1 charged and there are some other incentives.
the interest rate is 13.86% even with a FICO of 830 but it really doesn't matter as we pay off in full each month. I am thinking if I charge absolutely everything, groceries, all medical and everything we can we might earn enough miles for a decent vacation. At this point, earning miles this way is our best bet for any vacation.
has anybody else used this card with satisfaction? I get 25 day grace period.
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Old 12-05-2009, 12:47 PM
 
Location: SoCal desert
8,092 posts, read 14,000,892 times
Reputation: 14917
Quote:
Originally Posted by no kudzu View Post
I had this card but haven't used it for several years. Now they want me to reactivate it again for a fee of $95 and I will get a certificate to allow a round trip for a companion for $99 if I pay a regular ticket for myself.
I will earn one mile for every $1 charged and there are some other incentives.
the interest rate is 13.86% even with a FICO of 830 but it really doesn't matter as we pay off in full each month. I am thinking if I charge absolutely everything, groceries, all medical and everything we can we might earn enough miles for a decent vacation. At this point, earning miles this way is our best bet for any vacation.
has anybody else used this card with satisfaction? I get 25 day grace period.
I have a Hilton American Express that I charge everything to and pay off every month (the interest rate is 13.24%, but I really don't care about it). I haven't paid for a hotel room in over 4 years. It works great for me.

But, there is no annual charge with mine.
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Old 12-05-2009, 05:51 PM
 
Location: Denver, CO
2,287 posts, read 4,862,788 times
Reputation: 2542
With a FICO of 830 and them wanting to charge 13.86 % plus paying them for the favor I'd tell them to shove it. American Express is a lousy company anyway.
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Old 12-05-2009, 06:43 PM
 
13,685 posts, read 23,899,631 times
Reputation: 13986
Assuming a few things:

Average ticket to vacation destination is $600.

To redeem $600 in ticket costs you'd have to spend 60,000 miles. Travel for two would be 120,000 miles to redeem $1,200 in tickets + $95 out of pocket for the membership.

Had you spent 120,000 miles w/ Charles Schwab's 2% VISA, you'd have $2,400 in your account + $95 because you didn't pay the annual fee. Quite a big difference.
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Old 12-05-2009, 07:46 PM
 
Location: Chapel Hill, N.C.
36,503 posts, read 47,602,580 times
Reputation: 47599
great analysis. Actually we have 2 kids so it would require even more miles. Now I have to look up Schwab 2% Visa. Can you direct me?
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Old 12-05-2009, 08:51 PM
 
13,685 posts, read 23,899,631 times
Reputation: 13986
Quote:
Originally Posted by no kudzu View Post
great analysis. Actually we have 2 kids so it would require even more miles. Now I have to look up Schwab 2% Visa. Can you direct me?
Call Charles Schwab, I can't find it on their web site anymore, but I got it not more than 2 months ago.
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Old 12-05-2009, 09:12 PM
 
Location: In America's Heartland
929 posts, read 1,950,576 times
Reputation: 1190
AMEX would have to pay me $95 to take one of their cards.
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Old 12-05-2009, 10:22 PM
 
20,793 posts, read 56,548,058 times
Reputation: 10622
Quote:
Originally Posted by wheelsup View Post
Assuming a few things:

Average ticket to vacation destination is $600.

To redeem $600 in ticket costs you'd have to spend 60,000 miles. Travel for two would be 120,000 miles to redeem $1,200 in tickets + $95 out of pocket for the membership.

Had you spent 120,000 miles w/ Charles Schwab's 2% VISA, you'd have $2,400 in your account + $95 because you didn't pay the annual fee. Quite a big difference.
Plus you can only fly Delta. We have a credit card from our bank, no annual fee and we can redeem for cash vs a ticket if we choose. We had enough points to pay for a trip for the 5 of us to fly to Washington DC last summer--had we redeemed the points for a ticket we would have gotten ONE ticket. There are many other choices of things you can redeem points for as well.
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Old 01-18-2010, 10:26 AM
 
4,797 posts, read 11,215,811 times
Reputation: 8360
I was just offered the same deal in the mail but they would waive the annual fee for one year. I actually don't see the point of of having an American Express card for myself when my Visa comes with no annual fee.

Why pay for a card with an annual fee if I don't have to? But maybe someone can enlighten me as to the advantages I am missing.
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Old 01-18-2010, 11:44 AM
 
Location: Sound Beach
2,160 posts, read 6,972,697 times
Reputation: 884
When I lived in Salt Lake City...I used my Delta AMEX exclusively. In 3 years we raked up enough miles for 3 of us to fly to Hawaii round trip. Back then it was worth it because we paid the balance each month.

However...AMEX and Delta have too many new restrictions and frankly the miles just aren't worth it anymore. Even more-so, Delta has raised its baggage fees AGAIN to $25 (first) $35 (second).

AMEX gives me a fantastic rate (7.5%) but in the end it's just not worth it anymore.

Maybe check out AMEX Blue...which still gives you miles but no annual fee.
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