Yeah it's not like I'm going to use it much or anything. I just like seeing those larger CL's because the more total credit I have the better if I'm ever in a situation where I'm forced to use credit cards - emergencies, job loss, god only knows what, etc. Been through that the first part of this year after an accident and was forced to use 20% of my total credit between two cards. Had my overall CL's been large enough during that time, I would have been okay with utilization and my scores would be well over 700 right now.
I took advantage of the 0% interest on transfers and I transferred the balance from one of my higher interest cards to the Blue card at the time of application and plan to have it paid off within four to five months. At that time, my utilization will be well below acceptable limits and I should see my scores increase quite a bit.
I've never had an Amex card before and am not really sure what the buzz is all about but it seems to be the card to have, according to those on this board. If nothing else, now I have at least one card with each of the major logos.
JK credit 08