topic Re: AMEX Cards in Credit Cards

AMEX Cards

credithappy — Fri, 22 Apr 2011 16:06:28 GMT

I am so happy I have received 4 new AMEX cards with instantly approval in the last month and this month. I have the PR Gold card, ZNYC, P Blue Sky and the Hilton HHonors. I am going to the garden now for at least 2 years. I am going to close my Capital One and HSBC cards. I know my score is going decrease because I am closing these cards but I do not need them anymore. My BK is going to be remove at the end of this year. AMEX back dated my cards to 1994 also. Everything is looking up for me so far. At this time I do not know my credit scores.

Re: AMEX Cards

trumpet-205 — Fri, 22 Apr 2011 16:14:13 GMT

That's a lot of AMEX. I'm curious as to your spending pattern.

Congrats.

Just so let you know, I just got approved with Zync.

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 16:13:31 GMT

My spending pattern is very limited as I do not charge much. I am going to us the cards for traveling and with small purchases.

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 16:23:19 GMT

Thank you,

I meant to say Congra to you also. BTW you have a lot of AMEX cards also. WOW

Re: AMEX Cards

BobbyJ — Fri, 22 Apr 2011 16:29:33 GMT

Congrats on the cards. Amex was very nice to you!!!!

Im curious how you got approved for all the cards with a BK still reporting?

Re: AMEX Cards

DI — Fri, 22 Apr 2011 16:34:30 GMT

@credithappy wrote:
My spending pattern is very limited as I do not charge much. I am going to us the cards for traveling and with small purchases.

You're willing to pay annual fees for 3 of the 4 cards with minimum usage?

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 16:36:46 GMT

Thank you BobbyJ. I do not know I guess me paying my bills on time works. I just applied online and it worked. They see everything on your report.

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 16:41:52 GMT

I have 1 year free on the PR gold card and 0% on the blue card for 12 months with and annual fee of $75 and the Hilton is 2.90% for 6 months with no AF. The ZNYC is only $25 for the year. I can afford the fees I have a 6 figure salary.

Re: AMEX Cards

Anonymous — Fri, 22 Apr 2011 17:10:45 GMT

@credithappy wrote:
I am so happy I have received 4 new AMEX cards with instantly approval in the last month and this month. I have the PR Gold card, ZNYC, P Blue Sky and the Hilton HHonors. I am going to the garden now for at least 2 years. I am going to close my Capital One and HSBC cards. I know my score is going decrease because I am closing these cards but I do not need them anymore. My BK is going to be remove at the end of this year. AMEX back dated my cards to 1994 also. Everything is looking up for me so far. At this time I do not know my credit scores.

Closing cards, in and of itself, doesn't decrease FICO scores. Here's a good read that helps explain when closing a card might and when it may not impact your score.

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 17:23:06 GMT

I understand it may or may not change your score. I have read that before thanks for including it in the post.

Re: AMEX Cards

fused — Fri, 22 Apr 2011 19:04:20 GMT

Four Amex cards...wow!!!!! Congrats!!!!!!!!

Re: AMEX Cards

Creditaddict — Fri, 22 Apr 2011 19:10:58 GMT

@fused wrote:
Four Amex cards...wow!!!!! Congrats!!!!!!!!

Once your in good with Amex, if your debt stays low and you pay in full your amex cards and your score stays up high, they love to give you more cards and with adding more cards you can avoid the 25k ceiling that seems to exist on credit cards without income verification at least in my experience with managing my fathers accounts.

Optima was at 25k and asked for CLI and it was denied, applied for (I think at the time it was IN Chicago card (approved 10k)

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 19:27:49 GMT

Thanks, Creditaddit for the info. I will take of my cards. How I can do my garden for awhile.

Re: AMEX Cards

DJH87 — Fri, 22 Apr 2011 20:42:15 GMT

Congratulations! What are your credit limits on the Blue and the Hilton credit cards? What were your credit scores when you applied?

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 21:11:59 GMT

My credit amount with both cards are $2000 each. I have not put my credit score lately.

Re: AMEX Cards

DI — Fri, 22 Apr 2011 21:28:30 GMT

I wouldn't close the other cards you have if I was you. What if AMEX decides to FR you and close all of your accounts. Having all eggs in one basket is dangerous. Happy Easter!

Re: AMEX Cards

credithappy — Fri, 22 Apr 2011 21:41:50 GMT

AMEX cards are not the only credit cards I have. I have Chase CC and I also have my Credit Union card. The cards that I want to close have AF and I do not what to keep paying those fees if I am going to keep the prime cards from AMEX. Thanks for the advice.