topic Re: Need advice on AMEX BCE $500 offer - app or not to app in Credit Card Applications

UPDATE: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Mon, 05 Oct 2015 17:37:22 GMT

I have 2 AMEX cards so far and I believe 4 is the max. Received my delta gold back in early sept and the others are from May of this year

Starting CLs were 9K for the ED, $5K for the Blue Sky, $5K for the Delta Gold. I'm afraid that if I app for the BCE, I'll get another 4 digit SL. Also thinking of waiting to the new CL ($25K) of my pendfed card to report before apping -- if that helps.

Thoughts?

UPDATE: Approved. $10K SL.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Anonymous — Fri, 02 Oct 2015 17:49:20 GMT

If you did get approved, I think it is highly likely that you would get a low 4 digit SL.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Fri, 02 Oct 2015 17:56:38 GMT

That's my thought too but that sign up bonus is pretty generous

Re: Need advice on AMEX BCE $500 offer - app or not to app

Anonymous — Fri, 02 Oct 2015 18:44:19 GMT

Did you actually get the targeted offer, or are you seeing if you can get in on it based on the other thread? If you were targeted I would say go for it

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Fri, 02 Oct 2015 20:19:20 GMT

Was targeted for the offer but would prefer a 5 digit CL

Re: Need advice on AMEX BCE $500 offer - app or not to app

kdm31091 — Fri, 02 Oct 2015 21:21:37 GMT

Sorry but I don't see a 5 digit CL being likely. You probably should just pass on this one.

Re: Need advice on AMEX BCE $500 offer - app or not to app

lhcole77 — Fri, 02 Oct 2015 21:29:17 GMT

When's the last time you saw a $500 cash bonus from Amex? CLs can always grow, bonuses like this one don't always come around.

IMO, I would decide if the bonus amount outweighs a potentially lower starting limit or vice versa. That's the call I had to make for myself, but I do have a CLI request eligible next month and I have thousands I can reallocate from another card.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Fri, 02 Oct 2015 21:31:31 GMT

Guess I'll pass.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Fri, 02 Oct 2015 21:32:08 GMT

Thanks for the feedback

Re: Need advice on AMEX BCE $500 offer - app or not to app

NRB525 — Sat, 03 Oct 2015 02:21:47 GMT

@Ysettle4 wrote:
Guess I'll pass.

Huh????

Wait, OP, let's get a few things clear here.

$500 targeted bonus offers for no-AF cards do not come along very often, if at all. That's 16% cash back, last time I checked.

With AMEX, regardless of the starting line you get, you decide the direction you want to take that credit line in, on which card. Want a larger limit on this card? Use your CLI request on this card. Want it on your Delta card? Make the request on that one. Want to move the limit? Wait for the 13 statements and move the CL around. Starting CL is just a start to the negotiations at AMEX.

sheesh. Passing up a $500 real cash bonus because you are worried about how much funny money they will tell you you could borrow. Your choice.

edit: A good reason to pass this up would be if you had a larger plan you were working toward, something bigger than $500. Using the reason as you are worried about the AMEX SL, in my opinion, isn't the strongest reason to pass on this. You don't have to take the offer, but please use a reason stronger than "I don't want a 4 digit SL".

Re: Need advice on AMEX BCE $500 offer - app or not to app

LadyJEsq — Sat, 03 Oct 2015 03:58:37 GMT

@NRB525 wrote:
@Ysettle4 wrote:
Guess I'll pass.
Huh????

Wait, OP, let's get a few things clear here.

$500 targeted bonus offers for no-AF cards do not come along very often, if at all. That's 16% cash back, last time I checked.

With AMEX, regardless of the starting line you get, you decide the direction you want to take that credit line in, on which card. Want a larger limit on this card? Use your CLI request on this card. Want it on your Delta card? Make the request on that one. Want to move the limit? Wait for the 13 statements and move the CL around. Starting CL is just a start to the negotiations at AMEX.

sheesh. Passing up a $500 real cash bonus because you are worried about how much funny money they will tell you you could borrow. Your choice.

edit: A good reason to pass this up would be if you had a larger plan you were working toward, something bigger than $500. Using the reason as you are worried about the AMEX SL, in my opinion, isn't the strongest reason to pass on this. You don't have to take the offer, but please use a reason stronger than "I don't want a 4 digit SL".

Agreed! I would've applied yesterday! Lol I'm tempted to come out of the garden, which I'm enjoying, for this one. But unlike the OP, I don't have a targeted offer and my prequals gave me a $150 bonus and that's not enough to come out of the garden.

Good luck OP on whatever you do decide!

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Sat, 03 Oct 2015 05:23:08 GMT

Offers good til Nov 2nd so I have some time to think it over

Re: Need advice on AMEX BCE $500 offer - app or not to app

kdm31091 — Sat, 03 Oct 2015 13:37:08 GMT

Yes it's a good offer, but that doesn't mean OP has to take it. Offers come and go every day.

$500 is the highest I have seen for this card, and if the card will otherwise be truly useful for you, then perhaps go for it and worry about a CLI in a few months. If the card isn't going to serve much purpose, then I wouldn't apply. But I am not a bonus chaser. We are all different.

However, choosing to pass is not committing a sin or anything...if it's not the time for a new card, then it's not the time.

Re: Need advice on AMEX BCE $500 offer - app or not to app

NRB525 — Sat, 03 Oct 2015 14:06:23 GMT

@Ysettle4 wrote:
Offers good til Nov 2nd so I have some time to think it over

FWIW, and it's probably not worth much, at the time I wrote that post, I had 3 AMEX cards, $12k Delta, which had grown from $2k in mid-2013, $10k Hilton from April this year, and $10k SPG from August this year.

Afterward, last night, I applied for the EDP on the 30,000 points offer and got a $15k CL. So they put me at $47k total CL.

Once one gets history on AMEX cards, that SL could be higher.

Good luck with whichever direction you decide to go.

Re: Need advice on AMEX BCE $500 offer - app or not to app

lhcole77 — Sun, 04 Oct 2015 16:19:44 GMT

I can't think of one of my no AF cards that isn't useful to me. Each has grown. Granted my ED is just out of the womb, it will grow too. All my babies do...cuz Mama's good to them.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Anonymous — Sun, 04 Oct 2015 17:54:51 GMT

Theres no bad American Express cards. you are starting another relationship with them. convert to Card after 13 monthsif unhappy with what you're getting out of them if you wish. 500 bucks is a lot of money if it is a go its dumb to not get it. Dont think three or four cards are really necessary if you're going for the AMEX offers you can get auth users to take up that aspect. you can move limits after year as said above.

Re: Need advice on AMEX BCE $500 offer - app or not to app

Ysettle4 — Sun, 04 Oct 2015 21:12:49 GMT

Everyone just about stated turning away $500 is not smart, regardless of the limit granted if approved. It's rough but I think I may go for it tomorrow.

Re: Need advice on AMEX BCE $500 offer - app or not to app

CreditCuriosity — Sun, 04 Oct 2015 21:45:20 GMT

@Ysettle4 wrote:
Everyone just about stated turning away $500 is not smart, regardless of the limit granted if approved. It's rough but I think I may go for it tomorrow.

Best of luck.. You can reallocate some of your other Amex CL's to this card after this one is 2 months old and your others reach 13 months if you aren't happy.. Good offer. Obviously keep in mind you can only have 4 revolvers with Amex at any given time. I am up to 3 and waiting to see if they come out with something for my 4th spot, granted I will be dumping one when it hits a year and pc the delta to the one I am dumping for back dating purposes.. Look forward to seeing approval in the approval section tomorrow if you choose to go for it

Re: Need advice on AMEX BCE $500 offer - app or not to app

Anonymous — Mon, 05 Oct 2015 05:35:26 GMT

@CreditCuriousity wrote:
@Ysettle4 wrote:
Everyone just about stated turning away $500 is not smart, regardless of the limit granted if approved. It's rough but I think I may go for it tomorrow.
Best of luck.. You can reallocate some of your other Amex CL's to this card after this one is 2 months old and your others reach 13 months if you aren't happy.. Good offer. Obviously keep in mind you can only have 4 revolvers with Amex at any given time. I am up to 3 and waiting to see if they come out with something for my 4th spot, granted I will be dumping one when it hits a year and pc the delta to the one I am dumping for back dating purposes.. Look forward to seeing approval in the approval section tomorrow if you choose to go for it

This offer is tempting, I'm a little bummed to see some have offered the POID code to a CSR only to get asked for a RSVP Code...

CC: Whatcha gonna PC the Delta to?

Re: Need advice on AMEX BCE $500 offer - app or not to app

CreditCuriosity — Mon, 05 Oct 2015 12:42:15 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Ysettle4 wrote:
Everyone just about stated turning away $500 is not smart, regardless of the limit granted if approved. It's rough but I think I may go for it tomorrow.
Best of luck.. You can reallocate some of your other Amex CL's to this card after this one is 2 months old and your others reach 13 months if you aren't happy.. Good offer. Obviously keep in mind you can only have 4 revolvers with Amex at any given time. I am up to 3 and waiting to see if they come out with something for my 4th spot, granted I will be dumping one when it hits a year and pc the delta to the one I am dumping for back dating purposes.. Look forward to seeing approval in the approval section tomorrow if you choose to go for it
This offer is tempting, I'm a little bummed to see some have offered the POID code to a CSR only to get asked for a RSVP Code...

CC: Whatcha gonna PC the Delta to?

Oz

Will be dumping my HHonors a few days before my delta turns 13 months then PC my delta (backdated) to the HHonors (no af) card as I already got the bonus from both cards.. Also find the HHonors serves my needs alot better also 5x on Eating out, Groceries, etc.. Not a bad card at all overall.