Amex Platinum Minimum Usage

[takeshi74]

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@Anonymous wrote:

My question is around usage of the card. If I wanted to take advantage of the Amex EveryDay Preferred to earn the extra points but keep the Plat for perks would Amex be unhappy that I wasn't using the Plat as much?

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Nope.  Quite a few have the Platinum yet put most of their spend on another MR card since the Platinum doesn't have the highest MR earn rates.

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@Anonymous wrote:

Also, does anyone think I should apply for the Everyday now or wait for a while?

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As always, depends on your credit.  WIll it significantly improve after "a while"?

Keep in mind, SP if denied, HP if approved.  If denied you'll have their reason(s) for denial to use as a guide on what to work on.

[longtimelurker]

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@takeshi74 wrote:

Keep in mind, SP if denied, HP if approved.  If denied you'll have their reason(s) for denial to use as a guide on what to work on.

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Very likely, but a number of exceptions have been reported (HP with denied for existing card members)

[Kenny]

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@takeshi74 wrote:

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@Anonymous wrote:

My question is around usage of the card. If I wanted to take advantage of the Amex EveryDay Preferred to earn the extra points but keep the Plat for perks would Amex be unhappy that I wasn't using the Plat as much?

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Nope.  Quite a few have the Platinum yet put most of their spend on another MR card since the Platinum doesn't have the highest MR earn rates.

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@Anonymous wrote:

Also, does anyone think I should apply for the Everyday now or wait for a while?

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As always, depends on your credit.  WIll it significantly improve after "a while"?

Keep in mind, SP if denied, HP if approved.  If denied you'll have their reason(s) for denial to use as a guide on what to work on.

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I agree with Takeshi. If you think you can get approved for the EDP or you have a use for it, try when you're ready. Your internal Amex score may be higher than your FICO score. 

[Anonymous]

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@longtimelurker wrote:

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@takeshi74 wrote:

Keep in mind, SP if denied, HP if approved.  If denied you'll have their reason(s) for denial to use as a guide on what to work on.

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Very likely, but a number of exceptions have been reported (HP with denied for existing card members)

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I decided to do the app yesterday night. Keep in mind that was the same day I did the app for the Plat (as was approved). I only see one HP on my credit today so it's impossible to know if it's for the EDP or the Plat but I'll take one pull for an approval and an answer.

The instant response was declined for the EDP. I called today and they said due to FICO score and some other crap on my report that is like 4 years old. They said EX was 649 which is exactly what MyFico.com said. I asked them to reconsider due to my 0% CC usage and no derogatory items for years. They said, "I see you are a Platinum member and we will reconsider. Please call be in 3-5 days."

I have about 12.5k of total credit and 0% usage and I've spent aobut 11k over the last 2.5 months on the Amex Green I have. IMO they'd be silly not to approve but we'll see.

[Anonymous]

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@Kenny wrote:

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@takeshi74 wrote:

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@Anonymous wrote:

My question is around usage of the card. If I wanted to take advantage of the Amex EveryDay Preferred to earn the extra points but keep the Plat for perks would Amex be unhappy that I wasn't using the Plat as much?

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Nope.  Quite a few have the Platinum yet put most of their spend on another MR card since the Platinum doesn't have the highest MR earn rates.

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@Anonymous wrote:

Also, does anyone think I should apply for the Everyday now or wait for a while?

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As always, depends on your credit.  WIll it significantly improve after "a while"?

Keep in mind, SP if denied, HP if approved.  If denied you'll have their reason(s) for denial to use as a guide on what to work on.

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I agree with Takeshi. If you think you can get approved for the EDP or you have a use for it, try when you're ready. Your internal Amex score may be higher than your FICO score. 

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I think the "internal Amex score" is the only way I got approved for the Plat. I did the app and asked for a reconsider. We'll see

[longtimelurker]

Hope it goes well.  This is interesting though, as it is commonly thought here that Amex is almost impossible to recon with, only if something is wrong on the CR.  But maybe not.

[red259]

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@Anonymous wrote:

Hello All!

New to the forums

Just approved for an Amex Platinum today. I'm pretty surprised considering my fairly low score 642 - 649, but very excited

My question is around usage of the card. If I wanted to take advantage of the Amex EveryDay Preferred to earn the extra points but keep the Plat for perks would Amex be unhappy that I wasn't using the Plat as much?

I'd still plan to do purchases like airfare on the Plat (so I could leverage the benefits requiring that I do so). I'm thinking about doing a combination of using both.

The reason I ask is because prior to today I just had the Amex Green and was using it for everything (in preporation for applying for the Plat). After 2-3 months I applied for the Plat and got it (today).

Does anyone think I'll have a problem with them letting me keeping the Plat if I apply for, get, and shift the majority of my spending to the Amex EveryDay?

Anyone else have Platinum but use another card for primary spend?

Also, does anyone think I should apply for the Everyday now or wait for a while?

Thanks!

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Amex isn't going to care if you don't use the plat. Your paying the AF on it. The only thing it can do is lower your internal available credit on the plat, since that is based upon spend history. However, you would probably still have enough to cover any air fare on the card and if there was an issue you could likely call in and  get them to free up a bit more credit for larger purchases.  

[Luscher]

AMEX Charge cards aren't really supposed to be used for spending IMO, its all about the perks. But definitely spend enough to get the bonus