American Express and The Value of Companion Cards

phamid on 24/10/2014 - 23:42

Hey All,

Couldn't think of a way of making this into a deal, but thought I should share my insight into this anyway via a forum post.

I currently own the ACS Platinum Edge $99/yr (Grandfathered rate, now $195 for new applicants) and a Green Charge Card $80yr

Called up Amex out of curiosity about the difference between the Gold/Green charge card and whilst I was talked out of upgrading (no real difference I've been told) I was also eligible to have the Platinum Edge had as a companion card!

Now this seems to be good value, especially if you do it in this order:

*Apply for a Platinum Edge first if there are offers currently available (referrals died earlier this year)
*Apply for a Green Charge Card
*Request for the Platinum Edge to sit under the green

This saves me $99 a year and still gets me the free flight and Membership Rewards for only $80 a year.

If someone is already in a position like this wants to try this out, by all means do so. Frankly, I was only aware this was only eligible for Gold Charge Card holders.

Financial

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Comments

  • mini2 on 25/10/2014 - 00:21
    -2

    The question will be do you need that many cards and how will the credit limit affect your borrowing capacity?

    • phamid on 25/10/2014 - 01:27

      Currently only have these two, no other credit cards. Platinum Edge for everyday/grocery expenses, Green for business expenses.

      Limits can be reduced on the Platinum Edge when the time comes to borrow, which won't be for another three-five years.

      • mustkill on 25/10/2014 - 08:54
        +1

        So were you successful in getting the Plat Edge to sit under your Green charge?

        • phamid on 25/10/2014 - 16:17

          Yes.

        • mustkill on 25/10/2014 - 16:29

          @EPICSALETIME:

          Doesn't seem like AMEX offers Gold OR Green charge anymore. Only platinum :(

        • phamid on 25/10/2014 - 22:37

          @mustkill:

          I just realised this.. Woah!

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