Chase's 5/24 rule and AMEX offer for Platinum Card?
Jan 24, 2017, 5:52 pm
#1
Original Poster
Join Date: Jun 2007
Posts: 1,406
Chase's 5/24 rule and AMEX offer for Platinum Card?
I was grounded by Chase due to 5/24 rule.
AMEX is sending me Platinum Card biz (75k) and regular (50k) with $5k spending limit - targeted offer.
Apparently there is a lot of benefit with travel. Taking up on this offer will delay my eligibility for Chase's card.
Is it worth it? I recently cashed some AMEX MR for hotel overseas (refundable) and for a Delta Flight.
Curious did I miss something? Any other thoughts? Saw Chase was offering 80k UR which I would have liked better but was not eligible.
AMEX is sending me Platinum Card biz (75k) and regular (50k) with $5k spending limit - targeted offer.
Apparently there is a lot of benefit with travel. Taking up on this offer will delay my eligibility for Chase's card.
Is it worth it? I recently cashed some AMEX MR for hotel overseas (refundable) and for a Delta Flight.
Curious did I miss something? Any other thoughts? Saw Chase was offering 80k UR which I would have liked better but was not eligible.
Jan 24, 2017, 7:17 pm
#2
Join Date: Jun 2015
Posts: 52
Amex has offered as high as 75 to 100k for the Personal Platinum and also has a public 100k offer for the Biz Platinum. I'd hold out for a higher offer or apply for the Biz Platinum if I was you.
In terms of the benefits of the Platinum card, it's hands down the most rewarding benefits credit card out there. Free Hilton and SPG Gold status (Marriott now too since you can link accounts), Fine Hotels, and much more.
In terms of the benefits of the Platinum card, it's hands down the most rewarding benefits credit card out there. Free Hilton and SPG Gold status (Marriott now too since you can link accounts), Fine Hotels, and much more.
Jan 24, 2017, 7:25 pm
#3
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,933
I was grounded by Chase due to 5/24 rule.
AMEX is sending me Platinum Card biz (75k) and regular (50k) with $5k spending limit - targeted offer.
Apparently there is a lot of benefit with travel. Taking up on this offer will delay my eligibility for Chase's card.
Is it worth it? I recently cashed some AMEX MR for hotel overseas (refundable) and for a Delta Flight.
Curious did I miss something? Any other thoughts? Saw Chase was offering 80k UR which I would have liked better but was not eligible.
AMEX is sending me Platinum Card biz (75k) and regular (50k) with $5k spending limit - targeted offer.
Apparently there is a lot of benefit with travel. Taking up on this offer will delay my eligibility for Chase's card.
Is it worth it? I recently cashed some AMEX MR for hotel overseas (refundable) and for a Delta Flight.
Curious did I miss something? Any other thoughts? Saw Chase was offering 80k UR which I would have liked better but was not eligible.
The reason: Chase evaluates your eligibility by counting cards on your credit report (that show an "opened on" date in the past 24 months). But Amex business cards do not show up on your credit report (unless you default), and thus are invisible to Chase! (Neither do BofA, Barclay, or Citi business cards show up on credit reports. And thus those are also OK to apply for if you're waiting for Chase eligibility.)
Chase counts actual opened cards, not pulls. The only aspect of Amex biz cards which shows up on your credit report is the pull, but that doesn't matter, that's not what Chase counts for 5/24.