After 5 years with AMEX , and 4 cards with them. I have finally closed all of them.
Something about AMEX did not work for me. Maybe their continuous refusal to increase my limit past the $1000 mark on each card I have with them ( I had 4 cards all sitting at $1000 each).
It's not like I have any bad things on my credit. I have ZERO damage and a score of 690 ( ~ 10 years of history). But something in their corporate thinking process isn't right - I mean come'on .. have a reconsideration line .. let people talk to the underwriter and reason with him/her.
Right now .. Capital One is my best friend. They have awesome cards with great benefits. I never really used AMEX buyer's protection or any of their other perks.
Maybe sometime in the future I will get into AMEX again.
I'm just sharing my thoughts with you .. I'm happy because I got rid of them and not the other way around.
Thanks for sharing. Sometimes one doesnt fit with a certain lender and no reason we cant choose who is best for us. Best of luck with credit choices
No .. my CC utilization is 11%. But I have a car loan that's quite big.
@Anonymous wrote:Agree, something is killing your score that Amex doesn't like. UTI is aggregate (all cards) AND individual on each credit card. So one card at 90% (or so) is considered maxing out that card even tho overall you're only at 11% And if you have multiple cards with 31% or more it's only going to hurt the score more. Not sure how auto/installment/LOC play into the score. But if it were me, I'd be going over my reports with a magnifying glass to see what doesn't add up. Best of luck with your other lenders.
That's the problem .. there isn't a thing killing my score as in late payments or anything. Before I closed all my cards, everytime I requested an increase the denial reason stated "our internal score of your credit". If they consider installment loans, then yes I do have a rather large installment loan that is recent.
@CreditCuriousity wrote:something else has to be holding your scores down with a strong AAoA regardless of a big car loan.. If you have an installment loan (car loan) and no missed payments and low utilization and various other CC's and a decent credit history your scores should be in the 750-800 range. Have you actually pulled your report/reports lately? 690ish is . still an ok score for AMEX back when I had a 670 score I got a 25k CL with them.. Could be your income or your overall DTI as well.. Grnted the scores you listed with what you have still dont quite make sense.
+1 