Amex

[FireMedic1]

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@SouthJamaica wrote:

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@SSH0126 wrote:

Is it ok to carry a balance or should it really be paid off in full? Considered the Blue Cash preferred because it has 0% apr for 12 months plus various ways to earn cash back.

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It's better to pay off in full every month.

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This^^^^^^^^^ I never carried a balance to gain 8500 in 1 day.

[SSH0126]

Thank you both. My last question(I think). If I transfer a balance over I can still keep that other card open right? Or does a balance transfer automatically close that account?

[House1204]

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@SSH0126 wrote:

Thank you both. My last question(I think). If I transfer a balance over I can still keep that other card open right? Or does a balance transfer automatically close that account?

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Yes, your card would remain open. A balance transfer would not close an account.

[SSH0126]

Thank you! 

[SouthJamaica]

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@SSH0126 wrote:

Thank you both. My last question(I think). If I transfer a balance over I can still keep that other card open right? Or does a balance transfer automatically close that account?

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1. Never hesitate to ask a question, not in this forum. That's what we're all about.

2. No a balance transfer doesn't close the other account, it just shows up there as a payment.

[Rogue46]

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@SSH0126 wrote:

Oh boy! Something else added lol! I see what you mean. So these have preset credit limits. I heard that Amex will reduce your credit limit with heavy usuage. Is that true? 

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It's actually quite the opposite. If you show you are able to use it heavily and pay it off they will love you

[SSH0126]

Blue Cash Rewards approved for $2k. Lowest card limit

[SouthJamaica]

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@SSH0126 wrote:

Blue Cash Rewards approved for $2k. Lowest card limit

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Congratulations on your approval. Don't worry about the limit. It's easy to get soft pull CLI's from Amex. In 91 days try for a $4k CLI and see what happens.

[NAVYCHOP]

AMEX really seems to deal with people on an individual basis.  Now I have had a long credit history with them.  I have a Delta Reserve with a $40k credit line that I maxed out for an extended period I'm embarrassed to say.  Paid it off then maxed it out a second time and paid it off.  During that time AMEX placed my platinum card on a preset spending limit but they never lowered the limit on my Delta card.  Once I returned to paying all my cards in full every month they finally returned my charge card to NPSL.  They never reduced the credit line on the Delta card.

[markbeiser]

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@SSH0126 wrote:

Blue Cash Rewards approved for $2k. Lowest card limit

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They typically are very stingy with the limit on the first card a person gets with them, but with responsible use, it can grow rather quickly.
There are a number of us on this forum that went from a starting limit of $1k to $27k in 9ish months this year.