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American Express Cash Magnet- Approved $10k+

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FalconSteve
Valued Contributor

American Express Cash Magnet- Approved $10k+

Ok, I know I didn't need this card, it has minimal long-term benefits to me (my wife already has one) other than having a large limit and increasing cards that are in my name (BB&T & REDcard are the only others). However, my wife got a $100 referral bonus and I get $200/1000 bonus. It also gets rid of the taste of that $2k offer from AOD when I wanted the signature card (it felt like a denial). I guess it will also have very long-term benefit because new cards down the line will have less effect my AAoC. Is it clear I'm trying to rationalize the impulse application?

 

This is one of my highest limits (excluding AU card of my Dad's- yeah, I'm 31 and on most of his accounts because I do a lot of shopping for him and it boosts my score, mine is around 780-800, his is 820+). Other than $11k from BB&T, this is by far our highest limit.

 

EDIT: $10k inital, CLI before I even got the card to $20k

 

I can't wait to get the paperwork and find out for sure what my SL is. It says $10k available, but so did my Dad's and he had a $12,500 limit.

 

Despite two AU cards and a closed Clear card, they did do an Experian hard pull (I figured this was a coin flip), which made my Experian FICO8 go UP 10 points???

 

I'm going back into the garden, I swear!....👨🏽‍🌾🍁🍂🍃

(and locking my credit reports to make it just a little harder to impulse apply)

 

AmEx.png

 

1/8/17 Discover $18300 CL- $1k SL- AU, wife
1/26/20 AmEx Cash Magnet $35k CL, wife
2/19/20 BB&T/Truist Rewards $11k SL- impulse application
2/22/20 Citi Double Cash WEMC $2.9k-->$4.4k-->$8.4k-->$13.4k-->$17.4k-->$19.4k-->$22.4k-->27.4k AU, wife
3/8/20 Wells Fargo Propel AmEx/Autograph VISA $2900-->$3200-->$5000-->$8800-->$13k-->$15.5k CL- AU, wife
3/9/20 Truist Rewards $11k SL --> $13.5k- AU, wife- impulse app
3/21/20 REDcard MasterCard (TD Bank) $2500-->$6000-->$6500 CL
11/24/20 AmEx Cash Magnet $10k SL-->36hr-->$20k-->$35k CL
6/10/21 SoFi World Elite MC $7000 SL
1/19/22 AppleCard/GS $6k-->$10k-->$11k-->$12k AU, wife
8/15/22 Chase freedom flex $10.3k SL-->$12.5k-->$15k-->$19k AU, wife
7/5/23 Lowes/Synchrony $4k-->$10k-->same day-->$35k CL
8/2/23 Chase freedom flex $19k --> $22.8k-->24.3k CL
8/2/23 Discover $8k SL
Message 1 of 11
10 REPLIES 10
AllZero
Mega Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations on your approval!
Message 2 of 11
M_Smart007
Legendary Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations!

Message 3 of 11
gdale6
Moderator Emeritus

Re: American Express Cash Magnet- Approved $10k+

Grats on the Cash Magnet approval Smiley Happy

Message 4 of 11
CreditMagic7
Mega Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations on this NFCU success!

Message 5 of 11
cashorcharge
Community Leader
Super Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations on your approval!

Message 6 of 11
CreditAggie
Community Leader
Super Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations on your Amex Cash Magnet approval!

Current Cards (in order of approval):


         
Current FICO 8 | 9 (December 2025):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 7 of 11
Conceptual23
Frequent Contributor

Re: American Express Cash Magnet- Approved $10k+

Congrats on the approval!

Starting FICO 8s | 06/2018: EX 601 ✦ EQ 605 ✦ TU 590
Current FICO 8s | 9/2022: EX 732 ✦ EQ 739✦ TU 743
2023 Goal Score: 760+





Business Cards:


Message 8 of 11
Yeliaba1
Frequent Contributor

Re: American Express Cash Magnet- Approved $10k+

Congratulations on your approval!

Message 9 of 11
Anonymous
Not applicable

Re: American Express Cash Magnet- Approved $10k+

Congratulations

Message 10 of 11
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