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New Member
averagejoe235
Posts: 3
Registered: ‎08-07-2011

Does AMEX care how much you charge??

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? 

Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007

Re: Does AMEX care how much you charge??

Amex loves the more you spend on their cards and pay in full every month. Dont over charge things you can not afford and pay back in full at the end of the month.

New Member
averagejoe235
Posts: 3
Registered: ‎08-07-2011

Re: Does AMEX care how much you charge??

Would my chances of getting approved for BCE be higher if I charged more to the ZYNC?

Frequent Contributor
GBPac12
Posts: 252
Registered: ‎12-09-2011

Re: Does AMEX care how much you charge??

[ Edited ]

 


averagejoe235 wrote:

Would my chances of getting approved for BCE be higher if I charged more to the ZYNC?


It should, as Amex looks for a good history with one of their cards. However, given that the credit limit for a charge card is not show on one's CR or FICO score, I would actually pay off the balance on my charge card and decrease overall utilization to <9% for you CC's. After having reduced the total utilization I would wait 1-2 weeks (so the reduced utilization is reported to the credit bureau) then apply.

 

If you don't mind me asking have you passed the "13th month" on your Zync card? Also, you cannot upgrade your Zync, rather you have to re-apply via a new application.


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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Established Contributor
cashnocredit
Posts: 947
Registered: ‎07-18-2009

Re: Does AMEX care how much you charge??

Amex likes you to use their card. FICO doesn't.

 

My new Amex reported with a balance of over 8k. My EQ FICO dropped from 780 to 748. total CLs reporting is 38k.  Apparently they count charge cards the same as credit cards for Util purposes. Anyone know what happens when you charge more than your total other CC limits? Good chance I'll be doing that in 2012. Should be interesting.

 

 

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Established Contributor
stan_the_man
Posts: 855
Registered: ‎06-29-2010

Re: Does AMEX care how much you charge??

I'm guessing that OP either has a whole bunch of relatively new accounts or a whole bunch of declines.

 

If you have a whole bunch of new accounts, I expect that any creditor will be more suspect about new accounts than inquiries.

 

If you have a whole bunch of declines, I expect Amex will have the same concerns that the other creditors had -- unless, that is, you've had a major change to your report (i.e. GW of a CO, drop off of a major derogatory).

 

If your EX Fico score is low, and you just want any Amex, don't apply for anything but a charge card -- Zync, Green, Gold, etc. Since you're probably not interested in paying a large annual fee, I would suggest Zync or the Premier Rewards Gold (which usually has an offer to waive the first year's annual fee, after which you can PC to Zync).

 

Finally, if your EX Fico is really low it's probably worth waiting on making the application -- hopefully some of the inquiries will drop off by the time you apply then.

New Member
averagejoe235
Posts: 3
Registered: ‎08-07-2011

Re: Does AMEX care how much you charge??

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.

Senior Contributor
bichonmom
Posts: 3,306
Registered: ‎05-05-2011

Re: Does AMEX care how much you charge??

I think what they're going to look at is your payment history with them -- not how much you're running through the card each month. There have been a lot of people posting here about getting the Zync first and then being approved for a second Amex. I wouldn't worry about how much you're spending. Maybe set up some recurring charge just so you have activity each month. You can even pay prior to the statement date if you don't want it to show on your CR and affect your FICO. If they see you use it and pay timely, that's really what they're going to care about when it comes to reviewing your acct.

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

New Contributor
IowaGuy
Posts: 70
Registered: ‎04-04-2008

Re: Does AMEX care how much you charge??

you have no negatives... then just app the card you want.

700 Club
Amex Gold PR, Main card, Role: rewards
Chase Amazon Visa, Role: Amex backup
Pen Fed Promise, Role: low APR, balances
Amazon Store Card, Role: 0% financing
And the one I rebuilt with, Household Bank, soon to be killed by fire.
New Contributor
IowaGuy
Posts: 70
Registered: ‎04-04-2008

Re: Does AMEX care how much you charge??

how old is oldest account

 

700 Club
Amex Gold PR, Main card, Role: rewards
Chase Amazon Visa, Role: Amex backup
Pen Fed Promise, Role: low APR, balances
Amazon Store Card, Role: 0% financing
And the one I rebuilt with, Household Bank, soon to be killed by fire.

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