Happy Monday morning on the first Monday of November! Only 24 more days until my birthday, woo hoo! Anyway, this post was brought to you by the letter “A”merican Express…
First off, all my American Express credit card statements close at the beginning of the month and I noticed a $75 annual fee on my American Express Hilton HHonors Surpass Credit Card. This card is only good if you want Hilton Gold Status and stay in domestic Hilton Hotels, since you earn 12x. I also have the Citi Hilton HHonors Reserve Credit Card which offers Hilton Gold Status and 10x at Hilton Hotels. Plus it has no foreign transaction fees and earns a free weekend night after spending $10,000/year. For even more analysis, please read MSing for Hilton HHonors Points (4 Credit Card Comparison) and Reykjavik, Iceland Hotel Options. Long story short, the American Express Hilton HHonors Surpass Credit Card is not worth the $75 annual fee.
I was hoping to convert this AMEX card into a AMEX Everyday Credit Card, but the representative could only downgrade me to the no annual fee Hilton AMEX or convert the card to a Delta AMEX. I declined both offers and asked if I could move the credit to an existing AMEX credit card. He said yes, so I was able to move a big chunk to my Old AMEX Blue. My new credit line on the Hilton Surpass was lowered to $500 and the remaining credit line was moved to the Old AMEX Blue, bringing that credit line up to $13,000. Excellent! The Hilton Surpass Credit Card was then closed, per my request (annual fee refund pending).
My new (higher) credit line for my Old AMEX Blue.
Here are some of the better AMEX Offers available. I need to see if you can buy anything else at FedEx Office stores (like gift cards), since this would be a great deal. I think Sony also sells gift cards. Shawn @ Miles To Memories has some good info on FedEx Office and Petco. If you were planning on staying at any Waldorf Astoria or Conrad Hotels, you can save a few bucks with those AMEX Offers.
Here are a bunch of the other AMEX Offers that are not quite as interesting to me…
Last but not least, this is a disturbing new trend from American Express. Instead of offering cash back on AMEX Offers, they started offering 2x Membership Reward Points on certain retailers. 2x is nothing to write home about, especially since you get 1x on everything every day of the week. I hope the 2x offers do not become too popular, since American Express might get away from the cash back offers and start promoting more 2x Membership Reward offers. What do you think, am I being to paranoid? *gasp, what was that outside my window?!*
If you have any questions, please leave a comment below.