topic Re: Amounts listed for AMEX PRG on CR? in Credit Cards

Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:25:58 GMT

Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:26:43 GMT

@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?

There is no limit listed. Its not factored into util. It is listed as a charge card.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:31:28 GMT

@Anonymous wrote:
@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?
There is no limit listed. Its not factored into util. It is listed as a charge card.

As you can tell, I just was approved for the card and have another question. Does it report how much was charged for the billing period? How does having a charge help build my credit?

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:35:30 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?
There is no limit listed. Its not factored into util. It is listed as a charge card.
As you can tell, I just was approved for the card and have another question. Does it report how much was charged for the billing period? How does having a charge help build my credit?

My apologies, was on mobile! Hope you got the 50/60k MR bonus!!! Yes it most certainly does. It will help your credit by building a relationship with amex, as well as having a card that forces you to PIF (even tho they will probably offer you 10k points to enroll in pay over time)...

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:39:34 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?
There is no limit listed. Its not factored into util. It is listed as a charge card.
As you can tell, I just was approved for the card and have another question. Does it report how much was charged for the billing period? How does having a charge help build my credit?
My apologies, was on mobile! Hope you got the 50/60k MR bonus!!! Yes it most certainly does. It will help your credit by building a relationship with amex, as well as having a card that forces you to PIF (even tho they will probably offer you 10k points to enroll in pay over time)...

Please explain 50/60k MR bonus and 10k points to enroll in pay over time.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:47:57 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?
There is no limit listed. Its not factored into util. It is listed as a charge card.
As you can tell, I just was approved for the card and have another question. Does it report how much was charged for the billing period? How does having a charge help build my credit?
My apologies, was on mobile! Hope you got the 50/60k MR bonus!!! Yes it most certainly does. It will help your credit by building a relationship with amex, as well as having a card that forces you to PIF (even tho they will probably offer you 10k points to enroll in pay over time)...
Please explain 50/60k MR bonus and 10k points to enroll in pay over time.

The PRG is known for its sign on bonus, ranging from 40k-60k points...the standard amount is closer to 25k. You will also get $100 now and $100 after january first after selecting your airline, for incidentals etc.

10k points to enroll in pay over time is NOT guaranteed. It is a targeted offer. Some even get 0% for 6 or 12 months on pay over time balances....quite unique the shift in amex from being all about PIF and now encouraging the other. They are super friendly, have amazing offers on all of their cards, amex offers, and you can't go wrong.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 04:50:33 GMT

Thanks for the information! I am going to google and learn more. I am so excited. This the first prime card I've had in years!!

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 07:06:37 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Since Amex PRG has no pre-set spending limit, what is listed as the limit on a credit report? Also, how is it factored into calculating utilization since there is no limit?
There is no limit listed. Its not factored into util. It is listed as a charge card.
As you can tell, I just was approved for the card and have another question. Does it report how much was charged for the billing period? How does having a charge help build my credit?
My apologies, was on mobile! Hope you got the 50/60k MR bonus!!! Yes it most certainly does. It will help your credit by building a relationship with amex, as well as having a card that forces you to PIF (even tho they will probably offer you 10k points to enroll in pay over time)...
Please explain 50/60k MR bonus and 10k points to enroll in pay over time.
The PRG is known for its sign on bonus, ranging from 40k-60k points...the standard amount is closer to 25k. You will also get $100 now and $100 after january first after selecting your airline, for incidentals etc.

10k points to enroll in pay over time is NOT guaranteed. It is a targeted offer. Some even get 0% for 6 or 12 months on pay over time balances....quite unique the shift in amex from being all about PIF and now encouraging the other. They are super friendly, have amazing offers on all of their cards, amex offers, and you can't go wrong.

I signed into my new account and initiated a chat with customer service. The agent said yes I am receiving a bonus as a welcome offer. He said because my account was new he couldn't tell how much. He said check tomorrow. Then he gave me a phone number to call to see if I could get the 10k for signing up with pay over time. I'll call tomorrow cause they are closed right now.

Re: Amounts listed for AMEX PRG on CR?

bettercreditguy1 — Sun, 22 Jan 2017 13:05:55 GMT

Congrats on your AMEX Card, excellent customer service. I have had an AMEX Gold for over 30 yrs. It is my oldest trade line. On the Pay Over Time Option which you may receive, I have always opted out of that feature. Their interest rate is quite high. So I am always certain that anytime I use my AMEX Card, I will always Pay In Full when the statement arrives.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 13:48:59 GMT

@bettercreditguy1 wrote:
Congrats on your AMEX Card, excellent customer service. I have had an AMEX Gold for over 30 yrs. It is my oldest trade line. On the Pay Over Time Option which you may receive, I have always opted out of that feature. Their interest rate is quite high. So I am always certain that anytime I use my AMEX Card, I will always Pay In Full when the statement arrives.

Thanks for the congratulations! I guessed the rate would be high for pay over time. I too will opt out. I'm going to pay in full each month and use this card as a stepping stone to another AMEX card. Wow 30 years!!

Re: Amounts listed for AMEX PRG on CR?

elim — Sun, 22 Jan 2017 13:51:28 GMT

This is PRG with Pay Over Time.

The first charge I made was for 2k and I paid it before the statement cut (I did most times on this card). It only shows the High Balance ($723) of a statement cut (not what was charged).

COMPANY

American Express

Amex

LOAN TYPE

Credit Card

ACCOUNT NUMBER

XXXXXXXXXXXX

ACCOUNT HOLDER

Individual

Individual Account

Individual

DATE OPENED

Oct, 2014

Status

STATUS DATE	Jan, 2015	Jan, 2015	Jan, 2015
CONDITION	Not Updated	Not Updated	Not Updated
LAST ACTIVITY	Dec, 2014	-	Not Available
BALANCE	$0	$0	$0
STATUS	Pays account as agreed	Paid or paying as agreed	This is an account in good standing

LATE 30 DAYS	0 times	0 times	0 times
LATE 60 DAYS	0 times	0 times	0 times
LATE 90 PLUS DAYS	0 times	0 times	0 times
WORST DELINQUENCY	None Reported	None Reported	No update received
HIGH BALANCE	$723	$723	$723
TERMS	-	-	1 Month
SCHEDULED PAYMENT	-	-	-
CREDIT LIMIT	-	-	-
REMARKS	-	-	-

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 14:00:48 GMT

I have 18.49% APR on POT with my Plat and PRG cards. I never use the feature but, it gives me a hard due date with a minimum payment figure which i like vs the vague "please pay by" 2 weeks earilier. Therefor, I suggest, you always opt in if given the opportuinity. Dont forget, once you opt out of POT you never get a second chance. One time shot. I just dont see a down side to opting in.

AAOA 2 years . Never and lates or missed payments. EX 731 TU 727 EQ 735

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 14:07:03 GMT

elim thanks a million times for helping me understand how the card will report to the bureaus.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Sun, 22 Jan 2017 14:10:28 GMT

@Anonymous wrote:
I have 18.49% APR on POT with my Plat and PRG cards. I never use the feature but, it gives me a hard due date with a minimum payment figure which i like vs the vague "please pay by" 2 weeks earilier. Therefor, I suggest, you always opt in if given the opportuinity. Dont forget, once you opt out of POT you never get a second chance. One time shot. I just dont see a down side to opting in.

AAOA 2 years . Never and lates or missed payments. EX 731 TU 727 EQ 735

OK I see your logic. Opt in for the features but don't use because the rate is high.

Re: Amounts listed for AMEX PRG on CR?

bettercreditguy1 — Mon, 23 Jan 2017 00:49:56 GMT

. I have received several invitations to trade up to the Amex Platinum Card. My current usage patterns would not give me enough returns to justify the increased membership fees. However, a person never wants tightly shut the windows or doors, lifestyles and events change.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Mon, 23 Jan 2017 02:01:41 GMT

Congrats on your new card! I love my PRG, it's my daily driver. I also have the Pay over Time option which I have yet to use, but it's a nice feature to have. The interest rate for me is on the higher side, which isn't surprising, but I PIF all cards that have interest so it's not a big deal.

Re: Amounts listed for AMEX PRG on CR?

Anonymous — Mon, 23 Jan 2017 02:05:03 GMT

@Anonymous wrote:
Congrats on your new card! I love my PRG, it's my daily driver. I also have the Pay over Time option which I have yet to use, but it's a nice feature to have. The interest rate for me is on the higher side, which isn't surprising, but I PIF all cards that have interest so it's not a big deal.

I plan on it being my daily driver also. The more I think about it, it makes sense to get POT even though I plan not to use it.

Re: Amounts listed for AMEX PRG on CR?

sjt — Mon, 23 Jan 2017 17:20:06 GMT

From my experience they report it as a Open Account. Sometimes it shows as a Credit Card when you look at online CR, however its still coded as an open account and the balance is not factored in utilization on all three CR. The highest balance owed is listed where the credit limit is listed.