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Hey Gang,
First, I want to wish everyone here a happy and healthy Thanksgiving!
I have the BofA/Amex Accelerated Reward card. A couple of months back, BofA removed the luv button from my online banking. Today, I made a payment for $5,000 and what do you know? BAM, the button is now back.
I guess when you run up a high balance, they remove it. When you get the balance down, it comes back. Interesting.
Here's my question. My limit is $10,500. What amount should I stop charges at?
Thanks,
UM
Personal: American Express Platinum - NPSL | American Express Blue Cash Preferred - $15,000 | Chase Sapphire Reserve - $38,500 | Chase Amazon Prime Visa - $7,200 | Chase Freedom - $500 | Barclaycard Arrival+ - $18,600 | PenFed Platinum Rewards - $25,000 | PenFed LOC - $10,000 | Navy Federal Credit Union Platinum Visa - $25,000 | Navy Federal Credit Union LOC - $10,000 | Citi Double Cash - $12,170 | Citizens Cash Back+ - $8,650 | Citizens LOC Overdraft - $8,000 | Discover - $10,000 | Capital One Quicksilver One - $3,600 | Capital One Platinum - $750 | Valero - $600 | Dell - $3,000 | Lowes Advantage - $30,000 | Macys Amex - $25,000 | The Home Depot - $7,500 | Tourneau - $15,000
Business: American Express Business Platinum Card - NPSL | American Express Plum Card - NPSL | American Express SimplyCash Plus - $10,000 | American Express Gold Card - NPSL | Bank of America Cash Rewards - $100,000 | Capital One Spark Business - $54,000 | Chase Business Preferred - $34,000 | Chase Business Ink - $15,000 | PNC Bank Cash Rewards Visa Signature - $19,000 | PNC LOC $100,000 | BP Business Solutions - $1,500 | KeyBank Mastercard - $6,000 | Staples More Account - $3,500
@Uncle_Money wrote:Hey Gang,
First, I want to wish everyone here a happy and healthy Thanksgiving!
I have the BofA/Amex Accelerated Reward card. A couple of months back, BofA removed the luv button from my online banking. Today, I made a payment for $5,000 and what do you know? BAM, the button is now back.
I guess when you run up a high balance, they remove it. When you get the balance down, it comes back. Interesting.
Here's my question. My limit is $10,500. What amount should I stop charges at?
Thanks,
UM
And to you, UM!
I have the same BofA Amex card - it's a nice one. BofA likes use so I would say use away. Just don't revolve a larger balance very long. If I ever have to revolve a balance anywhere I never go above 1/3 of the CL. I can do that and keep my overall UTIL < 10%. That seems to be a relatively safe strategy and I have had almost no AA/RJ activity, have or get all the "Luv Buttons" regularly and get my CLI's.
@Uncle_Money wrote:Hey Gang,
Here's my question. My limit is $10,500. What amount should I stop charges at?
Thanks,
UM
That's a great question Uncle let all of us know after Black-Friday how much you spent.