Re: Does having PRG effect your ability to get hig... - myFICO® Forums

Fico2Go · ‎12-18-2014

So I reached the PRG $30K annual bonus level. This equates to an extra 15,000 MRs. The choice now is to cancel before annual fee is due or keep for benefit of:

1: NPSL

2: No balance reporting to CRs.

However I am concerned that keeping the PRG could impact spending limits on other Amex cards.

Any experience?

Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013

chalupaman · ‎12-18-2014

I don't think it will. Amex rep on the chat the other day was telling me that closing a charge card would not have any impact on future approvals for revolvers. In fact, my spending limit on the Gold Delta has actually increased since then. I tested it and I could technically charge over 6K on that card.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down

Fico2Go · ‎12-18-2014

@chalupaman wrote:
I don't think it will. Amex rep on the chat the other day was telling me that closing a charge card would not have any impact on future approvals for revolvers. In fact, my spending limit on the Gold Delta has actually increased since then. I tested it and I could technically charge over 6K on that card.

Your Gold Delter actually increased due to cancelling PRG or keeping PRG?

Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013

chalupaman · ‎12-18-2014

@Fico2Go wrote:
@chalupaman wrote:
I don't think it will. Amex rep on the chat the other day was telling me that closing a charge card would not have any impact on future approvals for revolvers. In fact, my spending limit on the Gold Delta has actually increased since then. I tested it and I could technically charge over 6K on that card.
Your Gold Delter actually increased due to cancelling PRG or keeping PRG?

I didn't have the PRG but the Green card and I was talking about how much the spending ability button would let me charge on the Delta.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down

Anonymous · ‎12-18-2014

I dont see why it would affect anything.

MT936 · ‎12-18-2014

It shouldn't affect anything no

Amex Blue Cash Everyday: $25,000 | Navy FCU Cash Rewards: $25,000 | Discover It: $20,500
Chase Freedom: $12,500 | Citi Double Cash: $10,000 | Bank of America Cash Rewards: $8,000

Jaylima91 · ‎12-18-2014

Limits on all future cards depend on Amex's Internal Risk Metric. Your history, spendings, salary, and credit profile will determine the terms you receive on any new Amex cards. PRG doesn't hurt you. I know Amex loves to see their members pay those hefty annual fees. So it may be frowned upon by Amex if you close the PRG but they'll get over it. Like big babies lol

Does having PRG effect your ability to get higher limits on other AMEX?

Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Does having PRG effect your ability to get higher limits on other AMEX?

Get your FICO® Score for free

Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Re: Does having PRG effect your ability to get higher limits on other AMEX?

Get your FICO Score for free