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Regular Contributor
Posts: 143
Registered: ‎10-09-2011
0

Re: Does AMEX care how much you charge??


averagejoe235 wrote:

I'm thinking of applying for a ZYNC at the beginning of next year to build a relationship with AMEX, get a BCE further down the road, and backdate the BCE to the ZYNC. The thing is that I don't really plan on using the card since the rewards aren't that great and am just going to use the signup bonus to pay off 4 years worth of annual fees. 

 

Does AMEX care how much you spend on check cards as long as you pay off your balance? Will spending $500 a month look better than $20? 



Yes.

 

Credit card companies profit from your transactions even if you PIF.

 

Google for

interchange fee

 

The merchant (store owner) pays a pre-determined percentage of your purchase amount to the card issuer in exchange for being able to accept that card.

 

The more you pay using that card, the more the card issuer makes.

Contributor
Posts: 106
Registered: ‎08-05-2011
0

Re: Does AMEX care how much you charge??


averagejoe235 wrote:

My FICO is 720, AAoA is 1 year with 2 inquiries in the past year, keep util around 6%, and I pay my balance off in full. I was just wondering if was even worth applying for a AMEX charge to build my relationship with AMEX if I don't plan on charging much to it as my other cards give better rewards. In other words, if i got a zync and spent $10 on it every month, would it help me "build a relationship" with AMEX? If not, I'm probably just going to save the pull.


I'd apply for the Green or Gold and use the hell out of it. AMEX looks very closely at the card usage. 

 

There are rummors that if you apply for two cards at the same time or same day they only pull one report...so you could app for a charge card and then go for the BCP card after approval. however, ymmv


January 2011 Score: 663
Current Score: 704
Goal Score: 750
Super Contributor
Posts: 6,577
Registered: ‎04-07-2008
0

Re: Does AMEX care how much you charge??

I use my Zync once in a while but I use the platinum amex a lot for business things that my company reimburse me.

 

 

Never had any issue. With charge cards though, they look at your spending patterns closely (soft pulls every month). I even tell them when Im going overseas so they can notate the account. So far I haven had any problems at all.

 

 




Frequent Contributor
Posts: 252
Registered: ‎06-08-2009
0

Re: Does AMEX care how much you charge??

+1....... I app'd for 1 charge and 2 revolvers back to back,the same day, and was approved for all 3 with one hard pull.

Amex Platinum Charge(NPSL); Starwood Amex Preferred CC(20K CL); Diners Club ELITE MC(20K);Diners Club Premier MC(20K,could've sworn the rep said 25k, oh well lol);Delta Amex Reserve CC(21K CL); Amex PRG Charge(NPSL); United Presidential Plus Chase World Elite MC (15K CL); AARP Chase Visa Signature(35K CL); NFCU Visa Platinum(20K CL) NFCU LOC(15K); NFCU Go Rewards MC(17.5K); Disover IT 7.8K;
First Tech Federal Visa Platinum(15K CL); Simmons First Visa Platinum(9K CL); Wells Fargo Visa Platinum(7.5K CL); CitiBank Sears MC(6K CL); JCPenney Card(7.5K CL); Lowes(2.5K CL);Barclays Mile & More Lufthansa 12.5K.
Contributor
Posts: 118
Registered: ‎12-01-2010
0

Re: Does AMEX care how much you charge??

I applied and received my first Amex card 13 months ago.  It had a credit line of 2K.  I used it moderately heavy and often carried a balance of around 1K.  My overall turnover on the card was good.  Meaning that I was charging a lot and also making large payments.  In total, I charged 10K over 12 months.  I recently requested a credit line increase of 1500 and was approved.  Requested the interest rate to be lowered and was approved.  Applied for delta gold and was approved for 5k.  Applied for starwood card and was approved for 2k.  My advice is to get one card and use it moderately for one year and then apply for another.  I feel its not necessary to PIF as long as your still making LARGE payments and using the card.

 

Good luck!!


Discover More- $4000 Lake Michigan C.U. $4500-6.9%
Amex blue cash-$1000 Amex Delta -$5000 Cap One $6500
Amex Starwood-$2000 Amex Costco-$1200
Chase Freedom$3000 Chase Sapphire Preferred-$5000
BoA- Spirit WORLD MC-$ 5000 BoA-power rewards $2500
PayPal Extras MC $1500
Ex:655,EQ:674,TU:647- (all FICO)Low due to 60% Utilization
Frequent Contributor
Posts: 252
Registered: ‎12-09-2011
0

Re: Does AMEX care how much you charge??

[ Edited ]

averagejoe235 wrote:

My FICO is 720, AAoA is 1 year with 2 inquiries in the past year, keep util around 6%, and I pay my balance off in full. I was just wondering if was even worth applying for a AMEX charge to build my relationship with AMEX if I don't plan on charging much to it as my other cards give better rewards. In other words, if i got a zync and spent $10 on it every month, would it help me "build a relationship" with AMEX? If not, I'm probably just going to save the pull.


A huge YES,

 

If not for their great customer service, then for the sole purpose of a BT... BT.... BT :smileyvery-happy:.


Starting Score: EQ: 600, EX: 580, TU: 599
Current Score: EQ: 710 on 01/22/12, TU: 763 on 02/02/12, EX: 753 on 1/28/13
Goal Score: EQ: 775, TU: 775, EX: 775


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