@Anonymous wrote:
@MyLoFICO wrote:
@Anonymous wrote:
I was focusing on the one with the 500 approval. I think, in the OP's case, that the benefits in waiting the full 181 days is much better than getting one's hopes up and being declined. Also, during that wait, one can build a better history and when that moment comes along, the CLI should be a shoo-in, rather than a maybe.
At a 1k approval myself, I tried at 65 and was turned down. At the time, those on here were saying "nothing to lose, go for it!!!". Nobody ever wants to be declined, so I'll be the only one one on here saying "Use and pay and wait, it'll be better for you in the long run!!!".
After all, this is a marathon, not a sprint.I see your point. I can't do anything with the ED because of the plan they have it on, afterwards, I will play it by ear. I will do the 3X CLI on the BCP only because I hope to have the room for being declined. In other words, in 60 days I will either be much better off or in Chapter 7. If I can dig out, I won't care about a decline, just trying. Of course, if my score drops, I won't try at all, I'll wait until it rebounds.
?
They're not CapOne... There are no "plans" like that, that's the lowest they go. I'm one of those people, now anyways, that would choose the most valuable card to stick with if I had to go the drastic route... Treat AMEX well and they'll treat you well. Also, your score could tank, but as long as you're riding those cards and making regular payments, all that other noise doesn't matter. They're selfish like that
I am new to Amex as you know but I thought this 6 month plan from AMEX was new. I did not know they had this all this time. It just sounds a lot like Cap 1's credit steps.
I will treat them well. I have fought too hard to get here not to. lol. If it happens that I need to file CH7 I will not burn any of the majors. I know that sounds bad but it is my contingency plan.
My mistake. I thought I posted in this thread about the plan they have my ED card on. Here it is:
@MyLoFICO wrote:My mistake. I thought I posted in this thread about the plan they have my ED card on. Here it is:
Ah!! And there it is... I thought I had seen this but dismissed it. So, they do have a credit steps... AMEX is in the groveling game... Sigh...
It appears to be just the ED as I got it after my BCP. My SL is not high but it was important to me not to have this "plan" on my first AMEX card. Although not sure why they put it on the ED after I already got the 2k for the BCP. Alas, it will grow.
That changes the landsscape for sure. Not sure what to make of that.
@Anonymous wrote:
Yes I got the Amex ED in February (5k) and got the same 5 statement cut email but I just did a CLI request for 3x CLI and got the full amount to 15k. Not sure if it will work for everyone but it definitely is still in play.
Congrats on the approvals OP!
Thanks! and congrats on the CLI! That's a nice increase. I'll try at 61 days on my BCP but if I get denied, no biggie.