- Jan 21, 2014
Meet offer requirement under which you applied for your Platinum, receive offer points, cancel card. Sit out 12 months exclusion period (or whatever period StGeorge might have at time of your next application). Hunt down a decent offer on Signature and apply as a new cardholder.Out of curiosity, what is the process involved in upgrading a Platinum card to a Signature card ?
I have just obtained the Platinum Amplify card, and plan to upgrade to the Signature Amplify card
in probably 2 years time. (I always pay off my bills in full and on time. )
You will most likely have to go through a new credit assessment and incur another credit enquiry, but you will not get any extra points for switching as a current customer.Do you have to submit any documents etc or is the process is pretty straighforward ? (Just fill out a form online or getting it done over the phone or bank branch ? )
Well said @Dr Ralph I hate the idea of tying me down for a year just to get bonus points!!! We need more appealing cards out there.I hate this emerging trend of making you hold the card for greater than 12 months to get the maximum bonus available.
Just remember that 200,000 Amplify points only equals 100,000 Velocity points. And you'll need to pay the annual fee to get the full bonus. So $279 for 100,000 Velocity points is really wants being offered here. When you'll get all of those points awarded to your account isn't clear. But it will definitely be more than 12 months before you see the 200,000.
Biggest problem I see is being locked in to this card for such an extended period of time. In the same amount of time I could easily have churned 500,000 worth of Velocity points by using other cards.
I hope that this is not a popular offer as I do not want to see a trend of these long term deals being the norm.
All three should have the same backend evaluation process. I found (all 3 of) them some of the harshest banks when it comes to extending credit: I have quite a decent income, no dependent, not-a-huge mortgage, not much liabilities, and pristine credit history. I got knocked back by them a couple of times, before approving my last application about a year later (with no changes in my circumstances).
Yes my favourite eldest son had his application run into a deep freeze probably in the Philippines.They could not understand his tax return income some of which was not from his salary. Finally was approved based purely on salary.
My youngest sons partner had her application sail straight thru to yes in a short time and same for my SIL.
It can be a minefield if you get selected for special freezing In the Philippines and I remember talking to a supervisor more than twice.
Did you have to visit a branch to get the credit card, or any ID checks, or changing credit card PINs?