topic Re: Working Around AmEx Four Credit Card Limit in Credit Cards

Working Around AmEx Four Credit Card Limit

Anonymous — Wed, 16 Sep 2020 06:23:05 GMT

I just hit the four credit card limit with my Blue Business Plus from American Express, current setup below with the BCP, Hilton Aspire, Delta Plat, and BBP. I no longer use the BCP and wouldn't mind replacing it with the Marriot card for the annual free night certificate. I could either:

A) apply and likely be denied for having four cards, recon the denial and offer to cancel the BCP to be approved for the new card

B) cancel the BCP now and apply for a new card in a month.

Just wanted to see if there were any DPs/recent experiences with either course of action. TIA!

Re: Working Around AmEx Four Credit Card Limit

Anonymous — Wed, 16 Sep 2020 06:51:22 GMT

@Anonymous wrote:
I just hit the four credit card limit with my Blue Business Plus from American Express, current setup below with the BCP, Hilton Aspire, Delta Plat, and BBP. I no longer use the BCP and wouldn't mind replacing it with the Marriot card for the annual free night certificate. I could either:
A) apply and likely be denied for having four cards, recon the denial and offer to cancel the BCP to be approved for the new card
B) cancel the BCP now and apply for a new card in a month.

Just wanted to see if there were any DPs/recent experiences with either course of action. TIA!

Following to get more info. I've heard this (most recently) means 4 revolvers, however, I am being declined for a 5th card with a higher FICO than when I was approved for my first 4:

Optima (2018) charge

Platinum (2020) charge

Mariott Bonvoy Brilliant (2020) revolver

Amazon Business Prime (2020) revolver

Re: Working Around AmEx Four Credit Card Limit

coldfusion — Wed, 16 Sep 2020 16:59:49 GMT

You may also have an underwriter call to confirm that it was in fact you that applied and then tell you that you will be approved if you agree to close one of your existing cards, they may give you free reign to pick the card to close or restrict your choices.

If you agree they will close the agreed-upon existing card immediately and then approve your application for the new card with you still on the call.

Re: Working Around AmEx Four Credit Card Limit

wasCB14 — Wed, 16 Sep 2020 18:01:23 GMT

@Anonymous wrote:
@Anonymous wrote:
I just hit the four credit card limit with my Blue Business Plus from American Express, current setup below with the BCP, Hilton Aspire, Delta Plat, and BBP. I no longer use the BCP and wouldn't mind replacing it with the Marriot card for the annual free night certificate. I could either:
A) apply and likely be denied for having four cards, recon the denial and offer to cancel the BCP to be approved for the new card
B) cancel the BCP now and apply for a new card in a month.

Just wanted to see if there were any DPs/recent experiences with either course of action. TIA!

Following to get more info. I've heard this (most recently) means 4 revolvers, however, I am being declined for a 5th card with a higher FICO than when I was approved for my first 4:

Optima (2018) charge
Platinum (2020) charge
Mariott Bonvoy Brilliant (2020) revolver
Amazon Business Prime (2020) revolver

They may still be a bit wary about your past baddies and may have already extended you all the credit they are willing to at this time.

Re: Working Around AmEx Four Credit Card Limit

CarbonCard — Wed, 16 Sep 2020 19:50:10 GMT

Huh I didn't know that this a thing with AMEX because I have 6 cards with them lol. Two of which is a charge card, one being a Business Green. Good to know I guess!

Re: Working Around AmEx Four Credit Card Limit

K-in-Boston — Wed, 16 Sep 2020 20:04:37 GMT

@wasCB14 wrote:
@Anonymous wrote:
@Anonymous wrote:
I just hit the four credit card limit with my Blue Business Plus from American Express, current setup below with the BCP, Hilton Aspire, Delta Plat, and BBP. I no longer use the BCP and wouldn't mind replacing it with the Marriot card for the annual free night certificate. I could either:
A) apply and likely be denied for having four cards, recon the denial and offer to cancel the BCP to be approved for the new card
B) cancel the BCP now and apply for a new card in a month.

Just wanted to see if there were any DPs/recent experiences with either course of action. TIA!

Following to get more info. I've heard this (most recently) means 4 revolvers, however, I am being declined for a 5th card with a higher FICO than when I was approved for my first 4:

Optima (2018) charge
Platinum (2020) charge
Mariott Bonvoy Brilliant (2020) revolver
Amazon Business Prime (2020) revolver
They may still be a bit wary about your past baddies and may have already extended you all the credit they are willing to at this time.

+1. You have 2 revolving cards, so with the announced 4 revolver (not 4 card) limit the limit is not impacting you.

Re: Working Around AmEx Four Credit Card Limit

Anonymous — Wed, 16 Sep 2020 21:28:54 GMT

@CarbonCard wrote:
Huh I didn't know that this a thing with AMEX because I have 6 cards with them lol. Two of which is a charge card, one being a Business Green. Good to know I guess!

@CarbonCard AmEx says you can have four credit cards, charge cards (Plat/Gold/Green) are in a category of their own. So I have seven cards total: four credit cards and three charge cards.

Re: Working Around AmEx Four Credit Card Limit

notmyname — Wed, 16 Sep 2020 21:50:33 GMT

I have five revolvers as of about three months ago without any issue. I wonder if cobranded plays into that allowed number in any way.

Re: Working Around AmEx Four Credit Card Limit

CarbonCard — Wed, 16 Sep 2020 21:53:38 GMT

@Anonymous wrote:
@CarbonCard wrote:
Huh I didn't know that this a thing with AMEX because I have 6 cards with them lol. Two of which is a charge card, one being a Business Green. Good to know I guess!
@CarbonCard AmEx says you can have four credit cards, charge cards (Plat/Gold/Green) are in a category of their own. So I have seven cards total: four credit cards and three charge cards.

Yeah I got that, I just didn't know Amex have that limit because when I applied for my last Amex credit card (Cash Magnet), I honestly thought 4 is more than enough. If they announce a new credit card with enticing rewards structure, I'd probably close the Blue (the basic one) card or PC it if possible.

Re: Working Around AmEx Four Credit Card Limit

Anonymous — Wed, 16 Sep 2020 21:56:29 GMT

@notmyname wrote:
I have five revolvers as of about three months ago without any issue. I wonder if cobranded plays into that allowed number in any way.

@notmyname You got your fifth revolver three months ago? According to the CC blogs the new rule came out in mid-May this year. I'm thinking about applying and there might be a chance of getting approved without having to close an older account.

Re: Working Around AmEx Four Credit Card Limit

Anonymous — Wed, 16 Sep 2020 23:12:21 GMT

Yeah I got that, I just didn't know Amex have that limit because when I applied for my last Amex credit card (Cash Magnet), I honestly thought 4 is more than enough. If they announce a new credit card with enticing rewards structure, I'd probably close the Blue (the basic one) card or PC it if possible.

LOL you would think so. Collecting cards has turned into a strange but profitable hobby for me, I'm at 23 right now!

Re: Working Around AmEx Four Credit Card Limit

woodyman100 — Wed, 16 Sep 2020 23:44:55 GMT

4 revolvers and 10 charge cards. Thems da new rules

Re: Working Around AmEx Four Credit Card Limit

PointsBonus — Thu, 17 Sep 2020 06:16:42 GMT

From my personal experience. Back when I had 4 Credit Cards, I applied for the Delta Reserve during the "relaunch" with the metal cards, I applied, went into review, they called me the next day and informed me of the 4 card limit and have me an option to close one, which I did, closed the Delta personal and approved. Again, just my personal experience, different for everyone.
but, I wouldn't recommend closing a card prior to applying.

Re: Working Around AmEx Four Credit Card Limit

coldfusion — Thu, 17 Sep 2020 12:44:24 GMT

@notmyname wrote:
I have five revolvers as of about three months ago without any issue. I wonder if cobranded plays into that allowed number in any way.

It does not.

Before the official 4-revolver cap there was an unofficial, emperically-derived 5 card soft cap although occasionally they would approve a 6th and rarely a 7th revolver. There were also some people previously with 5 revolvers who automatically picked up a 6th one when the Hilton portfolio migrated from Citi to AMEX and the Citi cardholders were issued AMEX replacements.

No surprise whatsoever that you would have held 5 AMEX revolvers earlier this year, it isn't that uncommon.

Re: Working Around AmEx Four Credit Card Limit

Anonymous — Thu, 17 Sep 2020 21:01:55 GMT

@CarbonCard wrote:
I honestly thought 4 is more than enough. If they announce a new credit card with enticing rewards structure, I'd probably close the Blue (the basic one) card or PC it if possible.

With all the different flvors a 4 revolver limit can definitely feel restricting. That means 2 Biz and 2 Personal, so you have to make a hard choice on what you want the most, CB, Points or Miles. If you don't have any BIZ card your options certainly improve which means one of each. Delta(Miles), Cashback, MR, Hotel points. If you wanted to spread yourself that thin.

With my line up I had things fairly well covered until I ventured into BIZ cards, fortunately I got in while 5 was still the limit. It's just going to be a difficult choice which one to close when I want to open a new one! I love my BCP and Marriott card so i would likely ditch Delta or ED, although ED has my highest limit for Plan It on large purchases so as to not affect UT. Then again now that Gold has that feature...