best strategy: have AMEX Business Plat, applying for SPG AMEX
Aug 27, 2015, 10:57 pm
#1
Original Poster
Join Date: Jun 2007
Programs: CO-plat, SPG-plat
Posts: 1,655
best strategy: have AMEX Business Plat, applying for SPG AMEX
I currently have the AMEX Business Plat and plan to cancel since my annual fee just posted. I plan to apply for the SPG Business AMEX to replace it (esp since they increased the new account bonus to 30,000 points).
My predicament consists of whether to cancel the AMEX Business Plat first then apply for the SPG Business AMEX or apply for the SPG Business AMEX first and offer to cancel the Business Plat and transfer credit line (yes, I realize the Plat is technically a charge card, but AMEX still seems to consider the overall "credit" extended).
In favor of cancelling AMEX Business Plat first: Slim chance of retention bonus offer. If retention bonus sufficiently attractive to keep account open, I would benefit from extended warranty on several purchases charged to this card. I've already received ~$300 worth of warranty claims, and closing this account would end this coverage.
In favor of applying for SPG Business AMEX first: Can offer the AMEX Business Plat "line of credit" as a bargaining chip if AMEX feels I have too much credit line.
I have a legitimate business with EIN, so I have nothing to hide from AMEX.
My predicament consists of whether to cancel the AMEX Business Plat first then apply for the SPG Business AMEX or apply for the SPG Business AMEX first and offer to cancel the Business Plat and transfer credit line (yes, I realize the Plat is technically a charge card, but AMEX still seems to consider the overall "credit" extended).
In favor of cancelling AMEX Business Plat first: Slim chance of retention bonus offer. If retention bonus sufficiently attractive to keep account open, I would benefit from extended warranty on several purchases charged to this card. I've already received ~$300 worth of warranty claims, and closing this account would end this coverage.
In favor of applying for SPG Business AMEX first: Can offer the AMEX Business Plat "line of credit" as a bargaining chip if AMEX feels I have too much credit line.
I have a legitimate business with EIN, so I have nothing to hide from AMEX.
