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Should i stick with Amex?

Regular Contributor

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?
Message 1 of 9
8 REPLIES
Senior Contributor

Re: Should i stick with Amex?

Is this a Capital One AMEX? (jk Smiley Happy )

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
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Message 2 of 9
Super Contributor

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.
Message 3 of 9
Regular Contributor

Re: Should i stick with Amex?

AMEX cannot give you what they do not have. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Message 4 of 9
Frequent Contributor

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..

Message 5 of 9
Established Contributor

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......
Message 6 of 9
Moderator Emeritus

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.

Message 7 of 9
Frequent Contributor

Re: Should i stick with Amex?

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

 

Message 8 of 9
Moderator Emeritus

Re: Should i stick with Amex?

They won't make money.
Message 9 of 9