topic Re: Amex: Always PIF? in Credit Cards

Amex: Always PIF?

Anonymous — Sun, 02 Mar 2008 06:04:42 GMT

I just joined the American Express family with the "Blue" card. I was given a nice APR and 0% APR on purchases for 12 months. However, should I be taking advantage of that perk? I have heard "PIF" and "American Express" in the same sentence so many times that I begin to associate each with the other.

Should I be paying in full? I would like to get a nice CLI after 6 months.

Input appreciated. Thanks

Re: Amex: Always PIF?

Anonymous — Sun, 02 Mar 2008 06:14:18 GMT

If you desire to take advantage of the revolving terms at 0%-

PIF if you can-

If you revolve a balance 90 days max-

BT's are not as big of a deal- but with a BT, you can''t use the card without messing up the benfit of the BT.

I could save a few $ by doing this as well- however I like having all of my CC's PIF every month - I don't have the heart to take advantage of the 0% offer.

Re: Amex: Always PIF?

Anonymous — Sun, 02 Mar 2008 06:16:32 GMT

HuntingGuy wrote:
I just joined the American Express family with the "Blue" card. I was given a nice APR and 0% APR on purchases for 12 months. However, should I be taking advantage of that perk? I have heard "PIF" and "American Express" in the same sentence so many times that I begin to associate each with the other.

Should I be paying in full? I would like to get a nice CLI after 6 months.

Input appreciated. Thanks

Congrats on getting the card!

If your goal is CLI after 6 months, then yes, always PIF. If you can wait a while for the CLI and want to carry a balance to take advantage of the 0%, it's usually advised not to carry one for more than a few months.

BTW, you don't have to wait 6 months for CLI. You can get one after 30 days, but it's probably a good idea to give it 2-3 months at least. After you get your first CLI, the rest are only every 6 months.

I got my first CLI on the Delta by pushing about $3K a month through the $1K card, PIFfing every week or so. After 60 days I requested CLI to $2K and was instantly approved without even a soft pull. Planning to ask for $5K in September.

Re: Amex: Always PIF?

Anonymous — Sun, 02 Mar 2008 06:26:08 GMT

If I were to do it all over- I would just wait for AMEX to CLI me-

I did not get a CLI until 6 months-

Re: Amex: Always PIF?

Anonymous — Sun, 02 Mar 2008 06:31:12 GMT

Timothy wrote:
If I were to do it all over- I would just wait for AMEX to CLI me-

I did not get a CLI until 6 months-

I don't think their auto-CLIs are that frequent, are they?

I'm still puzzled about why I got mine with no soft pull, unless pushing a lot of money through the card really does help, in spite of what I have heard from others who would know. To be clear, they did soft me, but it wasn't until two days after my CLI request, which was instantly approved.