topic Re: AMEX Payment Advice in Credit Cards

AMEX Payment Advice

dallasareaguy — Thu, 07 Jul 2016 19:42:36 GMT

I am brand new to Amex... my first payments on my BCE and Delta Gold are due this month.

In the first cycle I spent $1000 on BCE and $2500 on Delta Gold. Total $3500.

I have $2800 in our budget to apply towards those balances and want to be looked at favorably for my 3X CLI chance thats coming up...

Should I pay off the $2500 and $300 towards BCE or pay each of them down to a few hundred? Either way I will be about $700 short for PIF on both cards until later this month, but need to get payments in place in the meantime... anyone have a thought what will make me look most favorable?

Thanks in advance!

Re: AMEX Payment Advice

Anonymous — Thu, 07 Jul 2016 19:43:17 GMT

I don't truthfully think it will matter as far as the 3x matters. What card are you going to try to increase?

Also, you probably want to look at it in terms of usage. Your sig suggests that they have the same credit line so I would of course put more towards the Delta Gold. Maybe leave both cards with a balance of $350?

Overall, I don't think a couple hundred dollars between a collective 10k of credit will matter too much

Re: AMEX Payment Advice

dallasareaguy — Thu, 07 Jul 2016 19:48:50 GMT

Well, I would prefer the credit line be on the BCE, but I hadn't decided which to try for. My other biggest issue is that I tried for 3X CLI at activation before reading that it is no longer as much of a thing. I got a message saying that the account is to new. I'm wondering if that is a true DENIAL and resets me requiring a 90 day wait... or if I can still try for 3X CLI at 61 days from activation being that it wasn't a decline based on credit... more a rule violation of the account not being old enough. I'm thinking I should just wait until 91 days from that last decline so I don't keep resetting myself.

Re: AMEX Payment Advice

RonM21 — Thu, 07 Jul 2016 22:41:49 GMT

I agree that it probably does not matter that much. But if it were me, and I was forced to make a decision, I'd pay them both down to a couple hundred.

Re: AMEX Payment Advice

Anonymous — Thu, 07 Jul 2016 23:02:54 GMT

@dallasareaguy wrote:
Well, I would prefer the credit line be on the BCE, but I hadn't decided which to try for. My other biggest issue is that I tried for 3X CLI at activation before reading that it is no longer as much of a thing. I got a message saying that the account is to new. I'm wondering if that is a true DENIAL and resets me requiring a 90 day wait... or if I can still try for 3X CLI at 61 days from activation being that it wasn't a decline based on credit... more a rule violation of the account not being old enough. I'm thinking I should just wait until 91 days from that last decline so I don't keep resetting myself.

I made the mistake of applying for CLI a day early on my AMEX Hilton. I applied on day 60 instead of day 61. My request was denied because my account was too new. I was told that my request did not reset the clock and that I needed to call back the next day to apply for a CLI. I did call the next day and was approved but only fo 2x my CL.

My CL went from $1.4k to $2.8k. Not sure if my jumping the gun impacted their decision or not.

Good luck!!

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 01:22:48 GMT

@Anonymous wrote:
@dallasareaguy wrote:
Well, I would prefer the credit line be on the BCE, but I hadn't decided which to try for. My other biggest issue is that I tried for 3X CLI at activation before reading that it is no longer as much of a thing. I got a message saying that the account is to new. I'm wondering if that is a true DENIAL and resets me requiring a 90 day wait... or if I can still try for 3X CLI at 61 days from activation being that it wasn't a decline based on credit... more a rule violation of the account not being old enough. I'm thinking I should just wait until 91 days from that last decline so I don't keep resetting myself.
I made the mistake of applying for CLI a day early on my AMEX Hilton. I applied on day 60 instead of day 61. My request was denied because my account was too new. I was told that my request did not reset the clock and that I needed to call back the next day to apply for a CLI. I did call the next day and was approved but only fo 2x my CL.
My CL went from $1.4k to $2.8k. Not sure if my jumping the gun impacted their decision or not.

Good luck!!

If this was the case, will it be the same if you tried it on activation day?

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 04:30:22 GMT

@dallasareaguy wrote:
I am brand new to Amex... my first payments on my BCE and Delta Gold are due this month.

In the first cycle I spent $1000 on BCE and $2500 on Delta Gold. Total $3500.

I have $2800 in our budget to apply towards those balances and want to be looked at favorably for my 3X CLI chance thats coming up...

Should I pay off the $2500 and $300 towards BCE or pay each of them down to a few hundred? Either way I will be about $700 short for PIF on both cards until later this month, but need to get payments in place in the meantime... anyone have a thought what will make me look most favorable?

Thanks in advance!

If you are in a 0% introductory period for both cards, then split the payment in half. If no, then PIF the card that may incur interest charges.

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 04:40:14 GMT

I'd probably pay off the Gold Delta

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 05:14:39 GMT

@Anonymous wrote:
I'd probably pay off the Gold Delta

2nd. I assume the other is at no interest. Also, ask for APR reduction on the delta via chat.

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 07:25:36 GMT

@beautifulblaquepearl wrote:
@dallasareaguy wrote:
I am brand new to Amex... my first payments on my BCE and Delta Gold are due this month.

In the first cycle I spent $1000 on BCE and $2500 on Delta Gold. Total $3500.

I have $2800 in our budget to apply towards those balances and want to be looked at favorably for my 3X CLI chance thats coming up...

Should I pay off the $2500 and $300 towards BCE or pay each of them down to a few hundred? Either way I will be about $700 short for PIF on both cards until later this month, but need to get payments in place in the meantime... anyone have a thought what will make me look most favorable?

Thanks in advance!
If you are in a 0% introductory period for both cards, then split the payment in half. If no, then PIF the card that may incur interest charges.

Surprised that we're 7 messages in before anyone said that. I expected APR (and promo 0%APR) to be the first question.

I believe the BCE almost always has a promo rate (I have had mine for 11 months and I think I have 0% until December). When it does end the promo period, it is still amongst the lowest APR cards I have.

My other AMEX (Hhonours) has no promo rate and a higher APR even after the promo period ends on the other card. So, I always direct a bigger amt of payment to the Hhonours card.

Re: AMEX Payment Advice

Anonymous — Sat, 23 Jul 2016 08:04:02 GMT

My impression was that the OP was more concerned with his 3X CLI chances upcoming than the small amount of interest that he'd be paying by leaving a balance or balances on the cards the first month.