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I just Can't Figure AMEX Out!!!!

Established Contributor

I just Can't Figure AMEX Out!!!!

I have been a member with AMEX since 2006, and all in all, my experience has been excellent. If I can remember correctly when I first opened my acct my starting CL was ~2K and has grown to 30K w/o any automatic increases, all self initiated SP's VIA the online automative system. So to answer ever1's queation, the automative system will allow approves over 25K, but will try trigger AMEX to FR your acct. With that said my acct was FR'd, I submitted the paper work and 30K CL OK'd. Around 2009/2010 CL dropped to 6.7K w/o warning, that was ok with me, b/c that was around the time the economy was in the tank. So in the mid of 2010 I called to have my CL dropped to 5K b/c  I only used the card for groceries & gas. So in late 2012, I added my brother as an AU on my acct b/c he was on a fixed income due to suffering a stroke. Now, from January 2013 to March 31, 2013, I kid you not, I have received a total of 7 automatic CL increases, which brought my CL to 35K. This has really baffled me for my income is the same, Credit score the same & my brother does not help pay towards my monthly payment. So what do u guys think?




"having a credit card is nice, but having cash in hand will always be king"
Message 1 of 26
25 REPLIES
Contributor

Re: I just Can't Figure AMEX Out!!!!

They are definitely a confusing company, sometimes.  My guess is that you are a valued customer with a low risk score, probably in large part due to the fact that you already went through, and passed, a Financial Review.  They know, in their system, what your credit limits were before the financial collapse and now that credit is becoming more readily available, they don't want to lose you to another company so they're being proactive in getting your limits back up to pre-2009 amounts.  Whatever you're doing, they obviously like it!

Message 2 of 26
Valued Contributor

Re: I just Can't Figure AMEX Out!!!!

^^^^^^exactly^^^^^^
Message 3 of 26
Mega Contributor

Re: I just Can't Figure AMEX Out!!!!


Blurbz wrote:

They are definitely a confusing company, sometimes.  My guess is that you are a valued customer with a low risk score, probably in large part due to the fact that you already went through, and passed, a Financial Review.  They know, in their system, what your credit limits were before the financial collapse and now that credit is becoming more readily available, they don't want to lose you to another company so they're being proactive in getting your limits back up to pre-2009 amounts.  Whatever you're doing, they obviously like it!


This sums it up.

 

They trust you, and for a company like AMEX to back you like that you should be happy!! Smiley Happy




EQ FICO 548 3/3/16
Message 4 of 26
Valued Contributor

Re: I just Can't Figure AMEX Out!!!!


LS2982 wrote:

Blurbz wrote:

They are definitely a confusing company, sometimes.  My guess is that you are a valued customer with a low risk score, probably in large part due to the fact that you already went through, and passed, a Financial Review.  They know, in their system, what your credit limits were before the financial collapse and now that credit is becoming more readily available, they don't want to lose you to another company so they're being proactive in getting your limits back up to pre-2009 amounts.  Whatever you're doing, they obviously like it!


This sums it up.

 

They trust you, and for a company like AMEX to back you like that you should be happy!! Smiley Happy


+1

gardening since 5/21/2016
Message 5 of 26
Senior Contributor

Re: I just Can't Figure AMEX Out!!!!

Yeah... You're doing s'thin' right!!! Good job :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 6 of 26
Moderator Emerita

Re: I just Can't Figure AMEX Out!!!!

Message 7 of 26
Super Contributor

Re: I just Can't Figure AMEX Out!!!!

AMEX is a tuff nut to crack but you must have a hammer Lol

Keep cracking that shellSmiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 8 of 26
Senior Contributor

Re: I just Can't Figure AMEX Out!!!!

If I can just get to $24,500 on my BCE, I'll be so so so so HAPPY!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 9 of 26
Moderator Emeritus

Re: I just Can't Figure AMEX Out!!!!

Good job. My guess is that they are trying to retain you and keep u happy.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Message 10 of 26