topic Re: Another AMEX Revolver? in Credit Cards

Another AMEX Revolver?

Shock — Fri, 02 May 2014 01:08:57 GMT

So I want to app for the AMEX Everyday, I want another high limit to pad my portfolio. I also want a card with membership rewards so I can transfer my Green points over, as I will close this card out before the AF hits

Question:

Will it be a SP if denied and HP if approved, if I already have BCE and Green? Does this only apply to Charge ===> Revolver? Also, what are the chances of approval?

Chase Freedom showing 350 balance and BCE showing 1000 balance. About 8 or so INQ on EX (BCE approved on 2/1/14)

Re: Another AMEX Revolver?

BigBS — Fri, 02 May 2014 01:06:31 GMT

It would be a SP if denied and HP if approved and based upon the scores in your signature I would think you are close.

Re: Another AMEX Revolver?

Shock — Fri, 02 May 2014 01:26:19 GMT

They gave me a CLI to 16.6k, which seems like a arbitrary number to stop at. Is it worth it to apply if I think I've hit my exposure with them?

Re: Another AMEX Revolver?

Kenny — Fri, 02 May 2014 01:29:19 GMT

The regular Blue card is MR based.

Re: Another AMEX Revolver?

Shock — Fri, 02 May 2014 01:30:37 GMT

Well I dont have the Blue sir. I have the BCE.

@KennyRS wrote:
The regular Blue card is MR based.

Re: Another AMEX Revolver?

newUser0 — Fri, 02 May 2014 01:43:29 GMT

Even I hit with a odd number of CLI of 17.8K. Not sure, how they got this number.

I was very tempted and applied for BC, got a 1K Limit. Perhaps, you too may get very low limits like this.

Re: Another AMEX Revolver?

Shock — Fri, 02 May 2014 01:46:23 GMT

how far apart was the CLI to the new app?

@newUser0 wrote:
Even I hit with a odd number of CLI of 17.8K. Not sure, how they got this number.

I was very tempted and applied for BC, got a 1K Limit. Perhaps, you too may get very low limits like this.

Re: Another AMEX Revolver?

Kenny — Fri, 02 May 2014 02:15:10 GMT

@Shock wrote:
Well I dont have the Blue sir. I have the BCE.

@KennyRS wrote:
The regular Blue card is MR based.

My comment was based on this: " So I want to app for the AMEX Everyday, I want another high limit to pad my portfolio. I also want a card with membership rewards so I can transfer my Green points over, as I will close this card out before the AF hits"... hence why I suggested a MR based card? Not the best for MR since I guess that might be the new Everyday preferred?

Re: Another AMEX Revolver?

Kenny — Fri, 02 May 2014 02:15:41 GMT

@newUser0 wrote:
Even I hit with a odd number of CLI of 17.8K. Not sure, how they got this number.

I was very tempted and applied for BC, got a 1K Limit. Perhaps, you too may get very low limits like this.

If the interval is short between the apps, it's a high likelihood.

Re: Another AMEX Revolver?

newUser0 — Fri, 02 May 2014 02:25:56 GMT

Applied for Delta on Dec 8 2013,

Requested 3X CLI after, 60 days of the above date.

BC card applied on April 9 2014

Re: Another AMEX Revolver?

Anonymous — Fri, 02 May 2014 03:03:57 GMT

@KennyRS wrote:
@Shock wrote:
Well I dont have the Blue sir. I have the BCE.

@KennyRS wrote:
The regular Blue card is MR based.

My comment was based on this: " So I want to app for the AMEX Everyday, I want another high limit to pad my portfolio. I also want a card with membership rewards so I can transfer my Green points over, as I will close this card out before the AF hits"... hence why I suggested a MR based card? Not the best for MR since I guess that might be the new Everyday preferred?

But a big difference is that the Blue is MRE-based, not MR. If you don't have an MR card (such as if you cancelled a charge card) the MRE points can no longer be transferred. Once you get a new MR card, they all become MR points, so people used to use the Blue to "store" points in between MR cards. With the Everyday, you no longer have to do that, a free card with full MR.

Re: Another AMEX Revolver?

Shock — Fri, 02 May 2014 04:47:06 GMT

I'm guessing the consensus is I should wait a year or more before apping for a second revolver...