topic AMEX AA Reversal in Credit Cards

AMEX AA Reversal

Anonymous — Mon, 18 Mar 2019 21:24:23 GMT

Amex recently gave me a CLD. They said if I made a $580 payment they would restore my old credit line.

I went ahead and just payed the card all the way off.

Does anyone know how long it takes or if there is another action I need to do to restore it?

Re: AMEX AA Reversal

FinStar — Mon, 18 Mar 2019 21:32:05 GMT

Once the payment posts you can reach out to them.

Re: AMEX AA Reversal

RickNATL — Mon, 18 Mar 2019 23:05:46 GMT

That's different...is there a reason why this was the case...?

Re: AMEX AA Reversal

FinStar — Tue, 19 Mar 2019 02:59:25 GMT

@RickNATL wrote:
That's different...is there a reason why this was the case...?

How is that different? From..?

Often times if AmEX takes AA (insert reasons for CLD besides non-usage) can often reinstate the CL with the stipulation of PIF or significantly lowering the balance by X timeframe.

Re: AMEX AA Reversal

Anonymous — Tue, 19 Mar 2019 18:38:16 GMT

Credit limit was restored!

Thanks!

Re: AMEX AA Reversal

FinStar — Tue, 19 Mar 2019 19:44:12 GMT

Glad to hear everything worked out in the end OP 👍

Re: AMEX AA Reversal

CreditInspired — Tue, 19 Mar 2019 20:53:02 GMT

@Anonymous wrote:
Amex recently gave me a CLD. They said if I made a $580 payment they would restore my old credit line.

I went ahead and just payed the card all the way off.

Does anyone know how long it takes or if there is another action I need to do to restore it?

Just for my own curiosity, do you know why they CLD you in the 1st place. Were you paying minimum payments? Did you carry a large balance for a few months?

Thanks for giving some DPs.

Re: AMEX AA Reversal

Anonymous — Tue, 19 Mar 2019 20:57:04 GMT

They never gave me an exact answer as to why.

I did have a balance of $1200 on there and paying $100/month.

They said pay it to $580 and we'll restore your balance.

Figured i'd just pay it all the way off

Re: AMEX AA Reversal

CreditInspired — Tue, 19 Mar 2019 21:02:32 GMT

@Anonymous wrote:
They never gave me an exact answer as to why.
I did have a balance of $1200 on there and paying $100/month.
They said pay it to $580 and we'll restore your balance.
Figured i'd just pay it all the way off

Thanks for sharing. Yep, that did it. They were thinking it was going to take a year to pay that off and longer if you were paying interest.

Re: AMEX AA Reversal

AverageJoesCredit — Tue, 19 Mar 2019 21:29:28 GMT

Its a bad sign if you cant even carry a $1200 balance. I dont care what lender it is , you shouldnt have to use up to your whole limit and pif to use a credit card.

Re: AMEX AA Reversal

UpperNwGuy — Wed, 20 Mar 2019 00:56:08 GMT

@AverageJoesCredit wrote:
Its a bad sign if you cant even carry a $1200 balance. I dont care what lender it is , you shouldnt have to use up to your whole limit and pif to use a credit card.

Average Joe, it's a whole new world out there. I carried 90+ percent utilization across all my cards for many years (before I became enlightened and changed my ways), but I would not be able to get away with that in today's environment. And like it or not, everybody's beloved Amex is taking the lead in attacking both high utilization on the one hand and unused high credit limits on the other hand.

Re: AMEX AA Reversal

Anonymous — Thu, 08 Aug 2019 09:48:58 GMT

One of my first cards was a gold charge with amex, I was putting 4-6K a month from the day I got it, every time the statement cut the exact day my charging was suspended until I made full payment, I could either wait until due date and spending would be restored or pay immediately and spending would be restored. They would always call me the day of instantly too. It happened for about 6 months, my guess is they want to make sure youre trustworthy. I would just not carry balances with them for a few months.