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Regular Contributor
y0rascal
Posts: 144
Registered: ‎09-25-2007
0

Should i stick with Amex?

this is sad i applied for a CC limit increase denied again, im stuck at 1k, however i got a new penfed card with a 10k limit and just applied for the discover more card and rec'd an 8k limit, what gives with AMex?
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Should i stick with Amex?

Is this a Capital One AMEX? (jk :smileyhappy: )

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007
0

Re: Should i stick with Amex?

Dont torture your self. All the banks are going through tough times. If there is no AF on Amex card then sock drawer the card and use other cards.
Regular Contributor
GomerPyle
Posts: 114
Registered: ‎03-17-2009
0

Re: Should i stick with Amex?

AMEX cannot give you what they do not have. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Frequent Contributor
CreditCard101
Posts: 401
Registered: ‎02-23-2009
0

Re: Should i stick with Amex?

NO MORE BANKS TOUGH TIME because they got the stimulus money already. They got billions of $$$$ so they should be freeing up and open more doors for lending...

 

Consumers are going through tough time but BANKS are FREEBIES..

Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008
0

Re: Should I stick with Amex?


GomerPyle wrote:
AMEX cannot give you what they do not have. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

I could not disagree more with that statement......
Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Should i stick with Amex?


CreditCard101 wrote:

NO MORE BANKS TOUGH TIME because they got the stimulus money already. They got billions of $$$$ so they should be freeing up and open more doors for lending...

 

Consumers are going through tough time but BANKS are FREEBIES..


This is not entirely true. Banks don't even have the money to cover their losing bets - aka credit default swaps. As for Amex, I'm not sure what their exposure to CDS is, if any.

Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Frequent Contributor
CreditCard101
Posts: 401
Registered: ‎02-23-2009
0

Re: Should i stick with Amex?

If they dont lend, how are they going to make money?

 

Moderator Emeritus
fused
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Should i stick with Amex?

They won't make money.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)


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