topic Re: Taking the AMEX counter offer in Credit Cards

Taking the AMEX counter offer

MontegoMack — Tue, 07 Aug 2018 09:57:49 GMT

I went for the 3x CLI on my BCP and they countered with 2x. I took it.

What's the rule of thumb?

Do most people take the counter offer or skip it for the later attempt?

Re: Taking the AMEX counter offer

MontegoMack — Tue, 07 Aug 2018 10:08:33 GMT

Looks like I need to start swiping my BCP more.

Re: Taking the AMEX counter offer

SomewhereIn505 — Tue, 07 Aug 2018 11:08:14 GMT

I took mine when offered 2x. I figured it’s better than nothing.

You do do make a valid point about swipping more. I’m coming up on another 6 months and I’m thinking of holding off to A) lower my overall utilization, B) move auto pays over to BCP, C) up those swipes.

Re: Taking the AMEX counter offer

Peteyglad — Tue, 07 Aug 2018 13:31:19 GMT

I will generally take it unless the counter offer is super low. Then I wait a month and try again.

Re: Taking the AMEX counter offer

K-in-Boston — Tue, 07 Aug 2018 13:31:51 GMT

@MontegoMack wrote:
I went for the 3x CLI on my BCP and they countered with 2x. I took it.

What's the rule of thumb?
Do most people take the counter offer or skip it for the later attempt?

Unless you think your profile and relationship with Amex is going to change drastically over the next few months, you may as well always take their counter-offer and set a calendar reminder for 181 days after to ask for a 3x again.

Re: Taking the AMEX counter offer

Anonymous — Tue, 07 Aug 2018 13:33:16 GMT

@MontegoMack wrote:
I went for the 3x CLI on my BCP and they countered with 2x. I took it.

What's the rule of thumb?
Do most people take the counter offer or skip it for the later attempt?

Most people take the counter offer. What is the other option wait two months and then you get the same 2x and then you have to wait 8 months instead of 6 months to get your next CLI? I started out with 2 1k cards. First card got triple at 2 weeks to 3k. Then asked for 3x at 6 months later and got 2x to 6k. Then 4 months later I opened another Amex card and got a 25k limit on it. I think your best best bet is to use the card if your credit score improves get another credit card. You can have 5 AMEX credit cards plus as many charge cards as you want.

Re: Taking the AMEX counter offer

shoegal — Wed, 08 Aug 2018 05:13:00 GMT

I took the counter offer on the Everyday and the next day Amex autocli the BCE so to me that’s a win.

Re: Taking the AMEX counter offer

AverageJoesCredit — Wed, 08 Aug 2018 12:05:28 GMT

I take what they give . Alot of issuers dont even offer free cli so why spurn it. Good thing they aren't Capitol One where they will offer $100 lol. Remember too 3x is by no means guaranteed. Alot depends on profile usage and income. Haven't been able to snag a 3x since my first month but an extra k for me is an extra k in spending power