02-03-2013 02:55 PM
Amex is not good in any possible way generaly speaking
02-03-2013 03:20 PM
i think this thread should just go to closed status since points have been made and op is not even in the covo anymore .
|Current: Discover Fico 682 1/15 Walmart Fico 684 1/15|
Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
02-03-2013 03:27 PM
Come on peeps. Amex charge cards are sui generis. They do a unique job but I don't think status is one of them.
I just recently spend more in one purchase than the total CLs on my other cards. Kinda hard to do on a non-Amex.
The second most valuable thing about Amex is the ability to set SLs on my AUs and get accounting info for their spendings broken out from mine.
Sure there is a bigger chance for an FR but that's just the price I may or may not pay for the above bennies.
I had a Gold Amex back in the 70's and for a while I was taken with the "status" it represented as there weren't many back then. But then it turned out I really didn't use it that much and didn't have a use pattern like I do now. I stopped using it since Visa coverage was far wiider. So much for status. At some point Amex called and canceled (they did not do an FR, just canceled). My reaction was good - been meaning to do that to avoid the AF.
But now I find Amex's pretty amazing spending capability valuable and it isn't something other cards offer to quite the same degree.
Times change and Amex's value proposition can be great, crappy, or somewhere in between and I've experienced both ends.
02-03-2013 04:33 PM
With Amex, my expirience has been that their charge cards are good, and their customer service has been good as well. The issue I see is that they do take action when something does not look right, which has a huge financial institution that it is, it should be doing that. Anyways, just use the card as intended and try staying under the radar, not only with them, but with all the other creditors that you have. There is no reason to be afraid, life will go on without AMEX or without credit. But yeah they also offer spending flexibility which many lenders do not offer and they allow you to grow with them over time. I personally like dealing with them in the times I have had issues with them and they have been good to me, and so I hope that it continues.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.