topic Re: Amex BCE usage in Credit Cards

Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 00:37:13 GMT

So I just got approved for the BCE (stilll blowwwnnnnn away and happy)

And I want to know..
What type of usage do they like to see to get the 3xcli at 61 days?

At this point, I might charge around $350 (10% of my cl) each month and pay in full... Or maybe revolve a few hundred? I just know I need to spend $1,000 in 90 days to get $100 cash back lol and I wanna keep at 10% or below... Is this the BEST way to use it ?!?

Thanks for any advice yall have:-)

Re: Amex BCE usage

navigatethis12 — Wed, 03 Oct 2012 00:57:26 GMT

Not sure as I did not ask for three times the limit, but usually some good usuage will be in your favore. If you only spend 10% of the limit each month, they may wonder why you need an increase. Though that is not always the case as I have gotten increases on cards that I rarely ever use. If you just want 10% to report, you can charge more than that and then pay back all but 10% before the statement closes. Charging half the limit would probably be a good plan. As long as you are paying it off when you are supposed to, you should not have a problem getting it though.

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:06:01 GMT

Hmmm I don't wanna charge that much lol but I do see your point! Thanks :-)

Re: Amex BCE usage

jsucool76 — Wed, 03 Oct 2012 01:11:09 GMT

Use it for what you want to use it for. Don't spend more than you intentionally planned on spending just in the hopes of getting a CLI, you don't want to end up in financial trouble. I wouldn't revolve a balance for it, since I don't think that plays a role in it.

Most people request a 3x CLI because the computer counteroffers (for most people) so even if they don't get a 3x CLI they get something. The counteroffer is what most people depend on.

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:16:15 GMT

Exactly! I don't wanna end up in bk!! Hahhaah (no offense to anyone who has experienced that unfortunate circumstance)

I might just spend enough to get tht $100 bonus and revolve a little, but pay mostly in full... I only have two spots in my Coach wallet for cards.. Looks like Barclay's just got the boot :-0 or Chase but then I'd just have two Amex's lol eeeekkk

Re: Amex BCE usage

jd5189 — Wed, 03 Oct 2012 01:19:25 GMT

Really just use the card. If you usually use other cards, maybe put some of the spending you do on the others onto the BCE for a couple of months. I usually charged everything, but instead of using the charge card, I just used the BCE and put about 1.5k on it this month which is my normal spending I did on my Zync or PRG.

Re: Amex BCE usage

jsucool76 — Wed, 03 Oct 2012 01:19:52 GMT

youngandcreditwrthy wrote:
Exactly! I don't wanna end up in bk!! Hahhaah (no offense to anyone who has experienced that unfortunate circumstance)

I might just spend enough to get tht $100 bonus and revolve a little, but pay mostly in full... I only have two spots in my Coach wallet for cards.. Looks like Barclay's just got the boot :-0 or Chase but then I'd just have two Amex's lol eeeekkk

I need myself a new wallet :P Mine is Guess xD Like 5 card slots, which means no room for any debit cards really :P

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:25:56 GMT

I had the same one for FIVE years from Dillard's ( black with a few slots and money clip) and just recently bought a coach one similarly styled but with just like two spots for cred cards... It was .... Only $30!!!! Score! Got it at Allen Premium Outlets in Texas :-D

I'll make it my sole card of use, then dependent on the cli, go from there as it is a lower limit card that I have. I might use it for my rental car this weekend! Hahaha!

Re: Amex BCE usage

jsucool76 — Wed, 03 Oct 2012 01:28:22 GMT

youngandcreditwrthy wrote:
I had the same one for FIVE years from Dillard's ( black with a few slots and money clip) and just recently bought a coach one similarly styled but with just like two spots for cred cards... It was .... Only $30!!!! Score! Got it at Allen Premium Outlets in Texas :-D

I'll make it my sole card of use, then dependent on the cli, go from there as it is a lower limit card that I have. I might use it for my rental car this weekend! Hahaha!

Mine was macy's, was like originally 50 or 60 or something like that, but was like 20% off then an additional $10 off, and my sister happened to just apply for a macy's card that day, so it was an additional 20% of (or whatever their new card discount is)

Re: Amex BCE usage

Cdnewmanpac — Wed, 03 Oct 2012 01:30:31 GMT

jd5189 wrote:
Really just use the card. If you usually use other cards, maybe put some of the spending you do on the others onto the BCE for a couple of months. I usually charged everything, but instead of using the charge card, I just used the BCE and put about 1.5k on it this month which is my normal spending I did on my Zync or PRG.

+1. Use the card, pay it off, repeat. Do not revolve a balance. Amex is still a charge company at heart and will never penalize younfor pif.

Re: Amex BCE usage

tylaw13 — Wed, 03 Oct 2012 01:30:59 GMT

youngandcreditwrthy wrote:
I had the same one for FIVE years from Dillard's ( black with a few slots and money clip) and just recently bought a coach one similarly styled but with just like two spots for cred cards... It was .... Only $30!!!! Score! Got it at Allen Premium Outlets in Texas :-D

I'll make it my sole card of use, then dependent on the cli, go from there as it is a lower limit card that I have. I might use it for my rental car this weekend! Hahaha!

funny i just ordered a new wallet because my current wallet bends my cards. i really dont need room for my debit cards because i never use them but my new wallet has more then enough card slots. it took me awhile to find the wallet i wanted too. i thought it was kinda weird that i was putting so much thought into what wallet would be best because usually i just pick any bifold i come across when my other wallet rips

Re: Amex BCE usage

tylaw13 — Wed, 03 Oct 2012 01:33:51 GMT

Cdnewmanpac wrote:
jd5189 wrote:
Really just use the card. If you usually use other cards, maybe put some of the spending you do on the others onto the BCE for a couple of months. I usually charged everything, but instead of using the charge card, I just used the BCE and put about 1.5k on it this month which is my normal spending I did on my Zync or PRG.
+1. Use the card, pay it off, repeat. Do not revolve a balance. Amex is still a charge company at heart and will never penalize younfor pif.

i agree with him. and why would they want you to carry a balance in the 0% intro period. PIF unless you really cant for some reason

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:36:06 GMT

Lol!!! I wanted one of those big ones to put all my cards in, but my main fear was *drum rolll* what if I'm dashing out of someone's car into a club... Or running to the bar next door... Or out one night... And $70k+ of cred falls out of my skinny jean pockets, then I'm ***********!!! hahha esp with no id!
So the small one with a couple cards and ids will suffice...
I keep my debit on me in case I need cash, but that's a veeerrrrryyyyyyyy rare occasion. Debit doesn't get me cash back baby!! Lol :-P

Re: Amex BCE usage

tylaw13 — Wed, 03 Oct 2012 01:40:10 GMT

the wallet i ordered is a normal size bi-fold heres the link lol

http://www.amazon.com/Alpine-Swiss-Mens-Leather-Wallet/dp/B004M6UD46/ref=sr_1_1?ie=UTF8&qid=1349228314&sr=8-1&keywords=Alpine+Swiss+Men%27s+Leather+Wallet+-+Euro+Traveler+style+with+Center+Flip+ID+Window+-+Black+Comes+in+a+Gift+Bag

i was thinking about this one but where would i put all my receipts?!!?!

http://www.amazon.com/Royce-Leather-Wallet-Outside-Pocket/dp/B0009WMGZQ/ref=sr_1_5?s=apparel&ie=UTF8&qid=1349228366&sr=1-5&keywords=wallet+with+clip

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:41:58 GMT

I like the second one better lol!

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 01:44:06 GMT

Yeah I'll prob just pif. And I'll only use it any nicer places (wine bars or neiman's) so they don't try to aa me based on that type of usage. Remember hearing in 08 that they were aa'ing ppl based on WHERE they were using their cards?!? Eeekk!!

Re: Amex BCE usage

jd5189 — Wed, 03 Oct 2012 01:50:19 GMT

youngandcreditwrthy wrote:
Yeah I'll prob just pif. And I'll only use it any nicer places (wine bars or neiman's) so they don't try to aa me based on that type of usage. Remember hearing in 08 that they were aa'ing ppl based on WHERE they were using their cards?!? Eeekk!!

LMAO that is BS! I use my Amex cards anywhere and everywhere Amex is accepted. McD's - Check. Beer store - Check. Parking meters - Check. Some crazy boardwalk store - Check. You take Amex, I'm swiping it.

Amex could really care less where you use it. They are making $$$ either way. As long as you are spending (and paying) Amex is happy!

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 02:08:53 GMT

Lol!! I just don't wanna upset the credit gods Hahahha but given that advice by I feel assured to blow up that Amex everywhere!! Heheheh

Mcd's is bad for your health btw!!!!

Re: Amex BCE usage

jsucool76 — Wed, 03 Oct 2012 02:09:21 GMT

Youngandcreditworthy

If you're talking about the people who got their accounts closed for shopping at walmart, it ended up being because they had a subprime mortgage from a lender who had tons of issues.

Re: Amex BCE usage

youngandcreditwrthy — Wed, 03 Oct 2012 02:12:10 GMT

Just curious btw, if I don't pay interest... How do they make money? Merchant fees?