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AMEX Platinum

Regarding the Chase Sapphire Reserve, supposedly Chase is waiving their annual fee for accounts opened after Sep '17 for active duty. I'll probably pull the trigger soon after I do a bit more research.

Source 1- Reddit
2- Reddit
3- Doctor Of Credit.com
4- Random Blog

EDIT: Looks like a buncha other banks are following suit e.g. Citi and their Prestige card
 

AllYourBass

Mistrap Queen
pilot
Regarding the Chase Sapphire Reserve, supposedly Chase is waiving their annual fee for accounts opened after Sep '17 for active duty. I'll probably pull the trigger soon after I do a bit more research.

Source 1- Reddit
2- Reddit
3- Doctor Of Credit.com
4- Random Blog

EDIT: Looks like a buncha other banks are following suit e.g. Citi and their Prestige card
I'll have to see if there's any way to worm my way into this one despite having the card much longer than that!
 

Python1287

Well-Known Member
pilot
Contributor
Regarding the Chase Sapphire Reserve, supposedly Chase is waiving their annual fee for accounts opened after Sep '17 for active duty. I'll probably pull the trigger soon after I do a bit more research.

Source 1- Reddit
2- Reddit
3- Doctor Of Credit.com
4- Random Blog

EDIT: Looks like a buncha other banks are following suit e.g. Citi and their Prestige card
I used to have citi prestige but got rid of it because of the few. Source on them waiving it?
 
Hello all, I'm new to the credit card game and just now looking into these reward card/cash back programs to maximize my spendings. Up until last month, my form of payments consisted of only cash and debit card. My Platinum came in last night and I'm working towards getting the sign-up bonus.

Anyone here against or recommends opening both the AMEX Platinum & CSR along with the AMEX Blue Cash Preferred, and USAA Cashback rewards?

I spend most of my money gassing up my truck and dining out with my wife and just looking for guidance to extend my money.
 

Hopeful Hoya

Know-nothing ENS
Contributor
Don't try to open too many accounts too quickly, the card companies will likely see that as you being in financial distress and in need of a lot of credit in a short amount of time. Also food for thought, Amex won't let you have more than 4 credit accounts open at a time (doesn't include the Platinum since it's a charge card) and Chase won't approve you for a card if you have signed up for 5 credit cards in the past 24 months.

I wouldn't open more than one or two cards at a time since the needed spend is usually $3k to get the rewards bonus so with two cards you would need to spend $6k in 3 months to get the rewards. Unless you're making six figures that's a lot of money.

For a second card I'd recommend opening a Visa card since there are some places that won't take Amex.

I have both the CSR and the Platinum. I use the CSR the most followed by the Platinum 2nd. For pretty much everything except flights, the CSR gives you a better return. I keep the Platinum because it's free and for the Sky Lounge access.
 

sevenhelmet

Did I miss a step?
pilot
There is a minimum payment option, at least on mine. Never used it, but it's there.
I looked into this once when I was having trouble getting reimbursed for some travel. The traditional Amex model is to pay it off monthly in arrears, with interest and a late fee if it isn't paid on time ("charge card" model). Certain cards like the Blue Sky work like a traditional credit card, where you can pay the minimum each month with no penalty. However, on the Platinum, the minimum payment reflects purchases which will go outside the 30 day grace period for that billing cycle, so it's not a "minimum payment", it's an old-school charge-card. You're trading the ability to make a minimum payment for having zero interest at the end of each month. However, with Amex military benefits, the interest rate is lowered and late fees are waived, so it could be used as a traditional credit card under those circumstances (though obviously not ideal.) I don't know whether a failure to pay off the Plat fully within 90 days of the due date would end up as a delinquent account on a credit report, and I wouldn't want to find out. As with any credit card, paying it off monthly is always the best policy.
 

DanMa1156

Land of the Milk and Honey.
pilot
Contributor
Hello all, I'm new to the credit card game and just now looking into these reward card/cash back programs to maximize my spendings. Up until last month, my form of payments consisted of only cash and debit card. My Platinum came in last night and I'm working towards getting the sign-up bonus.

Anyone here against or recommends opening both the AMEX Platinum & CSR along with the AMEX Blue Cash Preferred, and USAA Cashback rewards?

I spend most of my money gassing up my truck and dining out with my wife and just looking for guidance to extend my money.
Dude, step 1: establish credit and get a card that doesn't have fees that you can keep long term. I'd recommend getting a Visa or a Mastercard from your local credit union or bank. NFCU and USAA both have fine, no fee, cash back, no frills cards. From there, start looking into getting into the credit card rewards game - but establish your credit first! Your Platinum isn't reported as revolving credit on your credit report, so it has a different effect than a credit card. Get a traditional credit card that again, has no fees and you plan to keep long term.