CLD season has arrived. Amex AA

[Anonymous]

Just received email citing CLD from $5 to $1.9k on BCE. I have a $1500 balance - 0% intro rate. Oh well

I hope they don't touch my Delta at $13.5

[Anonymous]

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@Anonymous wrote:
Just received email citing CLD from $5 to $1.9k on BCE. I have a $1500 balance - 0% intro rate. Oh well

I hope they don't touch my Delta at $13.5

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Sorry to hear.  Do you know what caused it?  Has anything changed in your credit profile?

[Anonymous]

What sort of spending/repayment behavior have you had on BCE?

Have you opened a lot of new accounts?

[Anonymous]

Just checked Delta was slashed too. smh

Nothing really. Balances have gone up some (10% util overall) over the last few months, but that's my spending trend and always pay down after holidays.

[Anonymous]

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@Anonymous wrote:
Just checked Delta was slashed too. smh

Nothing really. Balances have gone up some (10% util overall) over the last few months, but that's my spending trend and always pay down after holidays.

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Is it only 10%?  Has anything else change in your report?  What was the delta card reduced to? Do you have any other cards? If so, what are their limits?  I am asking because it certainly plays a role as to why Amex does this..

[CreditMagic7]

So Sorry you had to share that disappointing news and right before holiday season too.

[fury1995]

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@Anonymous wrote:
Just checked Delta was slashed too. smh

Nothing really. Balances have gone up some (10% util overall) over the last few months, but that's my spending trend and always pay down after holidays.

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It may be related to the balance transfer you recently did.

You stated that Amex declined your last CLI and listed that as the reason, correct?

[Anonymous]

What were your payments like?

My EDP is around 25% utilization ($2.5k of $10k at 0%, all from purchases). I've not faced any AA, but I've been repaying new charges plus $400 a month.

[Anonymous]

Does this mean that Amx doesn't like balance transfers either? Even though they encourage you to do it?

So sorry, OP. Very disappointing.

[baller4life]

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@Anonymous wrote:

Does this mean that Amx doesn't like balance transfers either? Even though they encourage you to do it?

So sorry, OP. Very disappointing.

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Put it to you like this ML. I've had a promo apr of 6.99% since March of this year good till March of 2016 and I refuse to carry a balance with Amex. I have read way too many horror stories of these AA's from carrying a balance too long with Amex. Now before the naysayers chime in, I am well aware that many have carried a balance without incident. However, I personally choose to put Amex in the pif category.