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Member
Posts: 19
Registered: ‎12-30-2012
0

Got my AMEX Blue Cash Preferred

Finally got my AMEX BCP. Credit lmit is at $2k (was hoping for $5k :smileysad: ) and APR is at 19.99. (Doesnt reallly matter as i pay in full) I will be doing a CLI after 61 days from today. Is there any specific way i should use the card? Max it out and pay in full?  use $1k out of the $2k and pay in full? I really want the CLI to be approved for 6k in 61 days. Any help is appreciated! My FICO score was 788 when AMEX pulled it from Experian if anyone wants to know.

Established Contributor
Posts: 652
Registered: ‎12-12-2012
0

Re: Got my AMEX Blue Cash Preferred

I wouldn't use more than 30% total of the balance at a time.  Pay it off in full. 

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: Got my AMEX Blue Cash Preferred

PIF regardless, and you'll be golden at 61+ days

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
New Contributor
Posts: 54
Registered: ‎01-30-2011
0

Re: Got my AMEX Blue Cash Preferred

Should he keep a balance on the account at the 61 day mark? Or should it be PIF before the request?

Established Contributor
Posts: 638
Registered: ‎09-18-2011
0

Re: Got my AMEX Blue Cash Preferred

 

Congrats on the approval!


Starting Score: EQ=665,TU=618 on Oct 9,2010
EQ=702,TU=725 on Apr 11, 2012 EQ=705 on Oct 31, 2012 Current Score: EQ=702, TU=714 on Dec 8, 2012
Goal Score: 750

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