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  • 700% APR is not a feature of a useable credit card. It's really a charge card with a (useless) credit card feature. It's Amex trying to ride 2 horses. And you have to spend 10 grand on it in the first 6 months for it to make any sense. I'm not interested in discussing its relative merits. I'd rather eat my ear wax.

  • 700% APR is not a feature of a useable credit card. It's really a charge card

    I guess my post with actual figures crossed with this last one. It's not 700% unless you barely use it at all AND you don't make use of any of the benefits it provides.

    If I got it and used it it'd be about 3% APR for me given my current usage.

    And you have to spend 10 grand on it in the first 6 months for it to make any sense.

    Plenty of people do though. Quote me in the Golf Club thread but my credit card bill averages about £2k/mo so £10k in 6 months isn't a problem. I wouldn't get the Platinum card as I doubt I'd make enough use of the specific benefits it provides, so I'd end up making a loss on it.

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