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AMEX ED--Shouldn't Have Done It....

Credit-hoarder
Valued Contributor

AMEX ED--Shouldn't Have Done It....

Took the pre-selected offer mainly for the 0% BT for 15 mos--15K MR pts after $1K-3 month spend--and 13.24% APR---approved for....$1000. Some of the balances I was going to transfer were more than that. I already have a $17K BCE--No thanks will be throwing this fish back. Was already planning to ditch a couple of low limit cards anyway w/o adding to the pile.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 1 of 12
11 REPLIES 11
CreditCuriosity
Moderator

Re: AMEX ED--Shouldn't Have Done It....

If you have had the BCE for more than 13 months can move some of limit to the ED card for BT.

Message 2 of 12
Credit-hoarder
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....


@CreditCuriousity wrote:

If you have had the BCE for more than 13 months can move some of limit to the ED card for BT.


Thanks for the suggesion CC. I've had the BCE for 1.5 years--but I got in when backdating was still being done so it's on my reports as 3.5 years. I probably won't touch the BCE b/c I eventually want to get the limit on that to $20K or over and using my CLI requests  to try and get the ED CL up with a $1K start would be a waste IMO. I might try to get the MR points out of it (ED) because I have the Green charge also--which I use RELIGIOUSLY--and I can use the 15K extra points there. After that I'll SD the ED or close it out completely. I just wish AMEX wouldn't send out pre-approvals if they plan to stick established customers in good standing with toy limits--especially if they have the ability to SP accts. periodically Smiley Frustrated.

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 3 of 12
9CLINE
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....

+1CreditCuriousity also for me I remember when I got my 2nd Amex revolver the SL was lower than the card too,np, moved some over to new card and later did CLI on latest card, haven't done any CLI's since that was over 2yrs ago..
Best Wishes ......
Message 4 of 12
12njoy
Super Contributor

Re: AMEX ED--Shouldn't Have Done It....

Sorry to hear ch

Profile Worth 1.2M+ (Just 1 store only card/PayPal Credit @5.5k)
___________ 12Njoy
Message 5 of 12
Credit-hoarder
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....


@12njoy wrote:

Sorry to hear ch


Thanks 12--it's all good. More than likely I'll get rid of the card after I meet the $1K spend for the 15K MR points---and take USAA up on their AMEX offer. At least with them I SHOULD be good for at least a $6 or $7K minimum CL--although the APR in their offer isn't nearly as good. Didn't you get the same ED offer and end up with a low limit also?

BUSINESS
Rewards Pts.-Miles: UR-MR-TYP-Venture
Message 6 of 12
Super_AL
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....


@Credit-hoarder wrote:

Took the pre-selected offer mainly for the 0% BT for 15 mos--15K MR pts after $1K-3 month spend--and 13.24% APR---approved for....$1000. Some of the balances I was going to transfer were more than that. I already have a $17K BCE--No thanks will be throwing this fish back. Was already planning to ditch a couple of low limit cards anyway w/o adding to the pile.


Congratulations On Your Approval!...Thanks For Sharing.Woman LOLWoman LOL

Smiley Happy (BANK OF AMERiCA CA$H REWARD$ ViSA SiGNATURE) (CHASE AMAZON ViSA SiGNATURE) (CAPiTAL ONE QUiCKSiLVER ViSA SiGNATURE) (CiTi DOUBLE CA$H WORLD MASTERCARD) (BARCLAYCARD UPROMiSE WORLD MASTERCARD) (SYNCHRONY MARVEL MASTERCARD) (AMERiCAN EXPRESS BLUE CA$H EVERYDAY) (DiSCOVER iT NHL)
Message 7 of 12
Vegas4Play
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....

Did you now take the card?

Fico 8's TU 756/ EQ 754/ EX 743- 8/2020// AAoA 5.7 years // Lines August 2020 = 619k Personal - Business 61k // Inquiries 6 TU - 0 Exp - 0 Eq.
Message 8 of 12
Thexian100
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....

I've noticed a lot of people, especially as of lately, getting low SL's for that card. I got the same 1k on the ED last year. Nevertheless, congrats on your AMEX approval!
Message 9 of 12
RonM21
Valued Contributor

Re: AMEX ED--Shouldn't Have Done It....

Sorry to hear.
                

Total CL: $314.7kUTL: 2%AAoA: 6.8yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | DISC-40.6k | PENFED-38.4k | AMEX-37k | LOWES-35k | ALLIANT-25k | BARCLAYS-15k | CITI-13.7k | CHASE-10k

Message 10 of 12
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