Thanks Settle. I've decided to hold off for now. One question though, what if my first purchase, done in conjunction with an app for credit, is over the threshold for the preferref (black) card? Will I still be issued the white card or will the first card issued be the preferred card?
Everyone who gets an AMEX receives a white AMEX card to start, no matter how much they purchase the first day. Our system is set up to total those purchases Q1 every year, total the net
purchases for the prior year, match them against the $1,000 benchmark, and send a new card.
However, if you were to do that, purchase, say $5,000 net the first day of your account ownwership, then you could call us on the phone and we would manually upgrade your color and features well before our system calculates the calendar year totals. We have a running total at all times, of course. Lots of people make this call when they realize rewards get better with the color (VIP level) of the card. Those who realiza the cards get better after an upgrade often want us to give them the higher VIP level AND the new account discount (up to 20 % additional on top of the sale amount) after the first month, but we don't start accumulating rewards until the account has been upgraded. I've seen people get over $1,000 in new account savings on their first two days purchases. It can add up.
For anyone reading with an existing card, this may not have happened exactly like this last year just because we changed 12 million VISA to AMEX last year, and we did the calculation on July 1 in anticipation of the new AMEX cards.
Hope this helps everyone understand a bit more about our cards.