topic Re: AMEX EveryDay in Credit Cards

AMEX EveryDay

corymcd88 — Mon, 09 Nov 2015 18:47:14 GMT

I got my AMEX EveryDay card in the mail but have a high FICO of: 756 but a low CL of $1.000 and a very high APR of 21,99%. I have been with AMEX for four years and was a little surprised on the APR and CL.

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 19:40:52 GMT

For the low limit, you may have reached your maximum exposure with them. After a few months, try and see if they are willing to reduce the APR. Enjoy your new card.

Re: AMEX EveryDay

corymcd88 — Mon, 09 Nov 2015 19:55:12 GMT

@Anonymous wrote:
For the low limit, you may have reached your maximum exposure with them. After a few months, try and see if they are willing to reduce the APR. Enjoy your new card.

I have one other card at $5.000.

Re: AMEX EveryDay

kdm31091 — Mon, 09 Nov 2015 20:10:51 GMT

Luckily, amex is often flexible over time with limit and APR. Give it time.

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 20:13:26 GMT

@corymcd88 wrote:
@Anonymous wrote:
For the low limit, you may have reached your maximum exposure with them. After a few months, try and see if they are willing to reduce the APR. Enjoy your new card.
I have one other card at $5.000.

Hmm.. So your total exposure with them is 6k when you add this new card. I'd say use it heavily and see if they increase when you do your 3xCLI.

Re: AMEX EveryDay

9CLINE — Mon, 09 Nov 2015 20:16:58 GMT

True, but whole credit file comes into play like other cards & their limits also factor in along w/ income, rent,mortgage,etc.,,there is more to it than scores as others keep stress here...Also as previously stated they lower Aprs all the time and do Cli too..later... I remember my 2nd card was lower SL than the first one when I first got it too...

Good Luck !!!

Re: AMEX EveryDay

corymcd88 — Mon, 09 Nov 2015 20:20:46 GMT

I just think that over four years and a higher CS, I would have gotten better CL and APR.

Re: AMEX EveryDay

CreditMagic7 — Mon, 09 Nov 2015 20:23:24 GMT

@corymcd88 wrote:
I just think that over four years and a higher CS, I would have gotten better CL and APR.

Thanks for sharing your results. Good info to maybe help gauge them and how they might or might not stack up for 2016.

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 20:26:17 GMT

Did you use your older Amex much?

Re: AMEX EveryDay

9CLINE — Mon, 09 Nov 2015 20:26:45 GMT

yeap,,,I get what you're saying...

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 20:32:12 GMT

@corymcd88 wrote:
I just think that over four years and a higher CS, I would have gotten better CL and APR.

When I apped for the Sallie Mae I had to recon to get the card with a $2K limit. My TU score was 800, and I had over 5 years of perfect payment history with Barclays. There's a lot more to it than just score.

Re: AMEX EveryDay

corymcd88 — Mon, 09 Nov 2015 20:47:17 GMT

Yes, all the time.

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 20:52:55 GMT

@Anonymous wrote:
@corymcd88 wrote:
I just think that over four years and a higher CS, I would have gotten better CL and APR.
When I apped for the Sallie Mae I had to recon to get the card with a $2K limit. My TU score was 800, and I had over 5 years of perfect payment history with Barclays. There's a lot more to it than just score.

Why was Barclaycard reluctant to give you a new card?

Re: AMEX EveryDay

Anonymous — Mon, 09 Nov 2015 21:17:38 GMT

@Anonymous wrote:
@Anonymous wrote:
@corymcd88 wrote:
I just think that over four years and a higher CS, I would have gotten better CL and APR.
When I apped for the Sallie Mae I had to recon to get the card with a $2K limit. My TU score was 800, and I had over 5 years of perfect payment history with Barclays. There's a lot more to it than just score.
Why was Barclaycard reluctant to give you a new card?

Too many new accounts.

Re: AMEX EveryDay

Anonymous — Tue, 10 Nov 2015 00:38:06 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@corymcd88 wrote:
I just think that over four years and a higher CS, I would have gotten better CL and APR.
When I apped for the Sallie Mae I had to recon to get the card with a $2K limit. My TU score was 800, and I had over 5 years of perfect payment history with Barclays. There's a lot more to it than just score.
Why was Barclaycard reluctant to give you a new card?
Too many new accounts.

HI! I'm always very curious when people say this. Too many new accounts this week? 5 mos ago? 7 mos? 1yr? 2yrs?

Between 6 and 7 mos ago, I got Chase Sap, RC, Venture, Amex ED and car lease. I thought I would go on a CLI hunt mid December and an app spree (if appropriate) in Jan or Feb. I'm always looking for data on when issuers consider you as a good, safe bet to do business with.

Re: AMEX EveryDay

Anonymous — Tue, 10 Nov 2015 01:37:05 GMT

In this specific Barlcays case, it was six months. I assume that time frame would vary by CCC.

Re: AMEX EveryDay

Anonymous — Tue, 10 Nov 2015 01:39:41 GMT

@Anonymous wrote:
In this specific Barlcays case, it was six months. I assume that time frame would vary by CCC.

How many in 6 months?