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MidnightVoice wrote:I like to bring it back when the "I hate Amex" fever hits
MeganML84 wrote:Part of me can't help but wonder if bringing this post back from the dead is related to my AMEX CLD thread started a few days ago.
I got a Gold Preferred Rewards with an EX that had fallen from 752 down to 677 due to opening 5 new accounts the previous month, a 30-day that had just gone over 1 year, and a scattering of lates, including a 90-day, which counts as a serious derog and will keep counting as such for the next 4 1/2 years.
@GFer wrote:
...But curious---how long does one have to be with Amex for them to 'trust' you, so to speak?And must one have a totally clean report to get their foot in the door?Acceptable scores?
@FretlessMayhem wrote:
I've been out of the loop for a minute. Hauling, are you leaning towards keeping the Gold card nowadays?
@haulingthescoreup wrote:
@FretlessMayhem wrote:
I've been out of the loop for a minute. Hauling, are you leaning towards keeping the Gold card nowadays?
* pauses, fishes quarter out of purse, flips it *
Yep!
It will come down to whether I want to cough up the fee, but since it's $0.39726 per day, I probably will. Unless I don't. (dither, dither)
haulingthescoreup wrote:
...including a 90-day, which counts as a serious derog and will keep counting as such for the next 4 1/2 years...
I'm still hoping that to some extent myself, but in terms of bucket assignment, all it takes is one serious derog (90-day, 120-day, charge-off, collection, BK, other public record) to put you in the serious derog bucket. A 60 counts as a serious for two years, and then it is regarded as a minor.
@score_building wrote:ouch really? i had it in my head that a late (even 90 days or over) does minimal damage to score after 2 yrs. seems that i made that up... is it after 5 years that it only marginally impacts score? also, i thought a co or judgment for eg. is worse, or is that a major derog is a major derog period end of story (as far as scoring)
@haulingthescoreup wrote:
...including a 90-day, which counts as a serious derog and will keep counting as such for the next 4 1/2 years...
@MeganML84 wrote:Part of me can't help but wonder if bringing this post back from the dead is related to my AMEX CLD thread started a few days ago.While I am bummed that I was CLD'ed, I understand in this market why they did it. I don't NEED them as I have plenty of other cards to use in the interim, but I wish they would have been a little more patient while I was paying off the balance (which was at 50% utl. when I was CLD'ed, or roughly $500).My whole point is that if AMEX does not like people revolving debt, they should not offer revolving cards. It seems as though they are being a little pre-emptive with some people doing CLDs and FRs when there is no history of late payments, unusual charges or even HIGH (>80%) utilization.I will stay with AMEX simply to build a relationship, as someone whose husband is in the military I'll be taking advantage of their customer service when traveling as I know it's outstanding. It's just a shame I have to use my other cards and miss out on the rewards in the meantime.
Just thought I would revive this.
I still like my Amex