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i was an AU on an AMEX gold rewards card. 5 years of perfect payment history. In 2007, for no reason, they closed our account. I had a 15K balance on the charge and credit portion of the card. It took me 18 months to pay it off (2008).
What is the likelihood that they would approve me for a charge card? I don't know why, and I know this is sophomoric, but I've fought so hard to get above water, an AMEX card on my own would make me feel like i've made it back.
I would appreciate any thoughts.........
They did the same to me.
I'm back in their good graces. So long as you don't have a derog with them, you should app them again, and they'll likely backdate it to your member date.
@shasta wrote:In 2007, for no reason, they closed our account. I had a 15K balance on the charge and credit portion of the card. It took me 18 months to pay it off (2008).
To AmEx, that is a good reason. They don't like balances, especially that large. As long as you paid it off, I see no reason that you wouldn't be approved for a new card, assuming your report meets their standards.
@thrasher865 wrote:
@shasta wrote:In 2007, for no reason, they closed our account. I had a 15K balance on the charge and credit portion of the card. It took me 18 months to pay it off (2008).
To AmEx, that is a good reason. They don't like balances, especially that large. As long as you paid it off, I see no reason that you wouldn't be approved for a new card, assuming your report meets their standards.
+1 Amex doesn't seem to really like when customers carry balances for extended periods on their revolving cards, let alone a Gold card. That is a good reason to close an account, considering it took 18 months to pay off, you were abusing the balance carrying option on your charge card.
"In 2007, for no reason, they closed our account."
I see these kinds of statements now and then and I really don't understand why people say that. There's ALWAYS a reason.
@ztnjpv wrote:"In 2007, for no reason, they closed our account."
I see these kinds of statements now and then and I really don't understand why people say that. There's ALWAYS a reason.
Exactly. They'll either tell you or you'd just have to figure it out for yourself.
@Anonymous wrote:
@thrasher865 wrote:
@shasta wrote:In 2007, for no reason, they closed our account. I had a 15K balance on the charge and credit portion of the card. It took me 18 months to pay it off (2008).
To AmEx, that is a good reason. They don't like balances, especially that large. As long as you paid it off, I see no reason that you wouldn't be approved for a new card, assuming your report meets their standards.+1 Amex doesn't seem to really like when customers carry balances for extended periods on their revolving cards, let alone a Gold card. That is a good reason to close an account, considering it took 18 months to pay off, you were abusing the balance carrying option on your charge card.
Agree that they are forgiving as long as you pay them in full and it would be beneficial to get an Amex card for age.
I also agree that there is always a reason but "abusing" might be a strong word to use in the OP situation.
For clarification, I wasn't given a reason. AMEX told me it's within their rights to close accounts as they see fit.
Yes, I was carrying a high balance because of corporate travel. I was laid off within days of the AMEX account closing and it took months to get travel expenses reimbursed from my former company.
On the plus side, I did get approved for an AMEX card yesterday!!!
@shasta wrote:
On the plus side, I did get approved for an AMEX card yesterday!!!
Shasta:
Congrat! What kind of card did you applied for and what was your scores?