Quote:
Originally Posted by BayMoWe335
Yes, but who cares about the APR?
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agreed, but read his question and context carefully. He doesn't need to borrow b/c he holds a AMEX Gold which is a charge card. He's asking whether Chase card is a credit card.
But I agree with your point that, those who churn these points like us, the golden rule is: NEVER EVER EVER EVER EVER Carry a balance. EVER.
If you need to carry a balance, this isn't a hobby for you or you're doing it wrong.
Quote:
Originally Posted by John Tanglewood
This card looks awesome, but it has an APR right?
I am coming from an Amex Gold which I have a little over 300k points on, but I have been contemplating the switch to Platinum for the travel. I like how there's no APR with the Amex.
Would you give me your thoughts?
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yes. Chase cards are credit cards, e.g., you CAN pay minimum balance and CAN carry an outstanding balance where they apply a APR, i.e. "borrowing".
AMEX is purely a charge card, meaning you owe that amount at the end of the month or you're suspended, and it goes into delinquency and/or collections and have adverse hits on your credit, even if you're $1 delinquent.