… Business Gold …AF is going from $295 to $375 for applications received as of 2/1. ….
Might still be worthwhile only for the SUB. With typical $10K/90K MR SUB resulting in ~100K MR it’s ~335 points/$ at $295 and ~265 points/$ at $375. Even with a typical juice* for tax payments (which many people do to meet SUB minimums) of ~2%/$200 on the entire minimum spend it’s ~200 points/$ at $295 and ~175 points/$ at $375. Don’t know of any place else where points can be purchased at that level.
And many have decided that a biz plat typical SUB of $15K/150K MR (~240 to 165 points/$) is worthwhile for a sock drawer card**.
Originally Posted by
shdflyer
… I signed up a few weeks ago, I'm gonna hit my 90K SUB and then cancel and demand a prorated refund
With all due respect, might be cutting off your nose to spite your face***. We don’t (yet
) have a full understanding of AmEx pop-up jail, cancelling a card within the first few months might be one of the things that lands one on the “Go To Jail” space****.
(* Juice: vigorish, vig; the fee charged by a bookmaker for accepting a gambler's wager, the cut a sportsbook keeps for taking your bet.)
(** Sock Drawer Card, or sock drawered: card placed in the sock drawer of a dresser after receiving SUB, never or rarely used again and cancelled, often prior to paying 2nd annual fee if applicable.)
(*** "
Cutting off one's nose to spite one's face" is an expression used to describe a needlessly self-destructive overreaction to a problem.)
(****“
Go To Jail” space:
Monopoly board game circa early 1900’s)