Reply
Established Contributor
Posts: 614
Registered: ‎08-24-2011
0

Re: AMEX Pay Over Time?

Thanks for all of the responses!

 

So it basically sounds like something I'm probably never going to use lol. I was just really shocked by the limit...I'm a recent college grad, without a lot of income and I rarely put more than $300 through my Zync a month, so hearing something with a $35,000 limit just had me totally flabbergasted. :smileylol:

 

I don't make any large purchases, and even if I did I'd probably put it on one of my CC's. But I guess it's good to have it there, you never know!

Photobucket
Established Contributor
Posts: 869
Registered: ‎07-04-2012
0

Re: AMEX Pay Over Time?

I received the same letter with the same limit. No Apr or nothing and I have never used my zync los.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
0

Re: AMEX Pay Over Time?

Just got the same letter.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: AMEX Pay Over Time?

Im hoping i get that letter aswell!
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Contributor
Posts: 97
Registered: ‎07-22-2011
0

Re: AMEX Pay Over Time?

 

Same letter.  Does this mean high limit on credit report will be 35k?


Starting Score: <600 & No Score 2/2011
Current Score EQ : 726
Current Score (TU Walmart): 676
Goal Score: 750


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,186
Registered: ‎07-18-2009
0

Re: AMEX Pay Over Time?


buildingitbackup wrote:

 

Same letter.  Does this mean high limit on credit report will be 35k?


No.  It's an upper limit imposed on the whole class of charge cards. An individual will typically have a lower limt.


I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k
Contributor
Posts: 97
Registered: ‎07-22-2011
0

Re: AMEX Pay Over Time?

So AMEX will start reporting a utilization percentage instead of your total balance that is to be paid in full each month?  


Starting Score: <600 & No Score 2/2011
Current Score EQ : 726
Current Score (TU Walmart): 676
Goal Score: 750


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,186
Registered: ‎07-18-2009
0

Re: AMEX Pay Over Time?


buildingitbackup wrote:

So AMEX will start reporting a utilization percentage instead of your total balance that is to be paid in full each month?  


It's a good question how Amex reports balances. Their charge cards typically report balances as due each month. Maybe they seperate out the portion that is payable over time. The user has to select those purchases >$100 they wish to POT. It's not automatic and it's only available on those purchases Amex elects to extend the offer on. No doubt it varies.


I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.