Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!linus!decvax!cca!ima!inmet!andrew From: andrew@inmet.UUCP Newsgroups: net.taxes Subject: Re: query: American Express card colors - (nf) Message-ID: <870@inmet.UUCP> Date: Fri, 10-Feb-84 00:01:14 EST Article-I.D.: inmet.870 Posted: Fri Feb 10 00:01:14 1984 Date-Received: Sun, 12-Feb-84 21:46:07 EST Lines: 21 #R:orca:-52200:inmet:8700006:000:1160 inmet!andrew Feb 8 11:30:00 1984 The 'Blue' card (they call it 'Green') is not a true credit card because no credit is actually extended. You have to pay the balance as soon as the bill arrives; that's why AMEX is fairly easy for someone with substantial income but no credit history (i.e., a recent graduate) to obtain. (I believe AMEX will let you pay off airline tickets and such over several months.) AMEX Gold actually does carry a credit line, like a MasterCard or Visa. It's more expensive ($50 rather that $35) and has considerably higher salary requirements (around $30K gold, $18K green last I knew). While there are some useful features of the Gold card (read their propaganda to see if they're useful to you), their ads have been mostly promoting it as the latest status symbol for the pathologically insecure or socially-conscious. I consider this as prima facie evidence that it is inherently worthless. Andrew W. Rogers, Intermetrics ...harpo!inmet!andrew 733 Concord Ave. ...hplabs!sri-unix!cca!ima!inmet!andrew Cambridge, MA 02138 ...uw-beav!cornell!esquire!inmet!andrew (617) 661-1840 ...yale-comix!ima!inmet!andrew