Best AMEX card for highest limit?

Anonymous · ‎11-13-2014

I used to worry more in the past about my credit score because it was around 600, but now its up to 793 so I haven't really paid attention to credit stuff the last year or so. I have no real resason to use the credit score right now, I guess its more of a game to get my score above 800 more than anything. I currently have a AMEX GOLD card which I've probably spent $60k on since 2010 or so. I have 0 inquiries on my credit right now, the single 1 dropped off last month. I'm looking to get a AMEX card so I can take advantage of the backdated average age. My current average age I believe is 5+ years. I figured why not apply for another card, specificly amex and try to get a large credit line.

Which AMEX would be best to apply for to get the highest possible credit line with 0 annual fee. Income is 100k+, 2% util which is generall paid off monthly. I just let it report a balance then pay. I was thinking possibly AMEX blue? I'm debating getting rid of the GOLD card as well so I don't have to pay the annual fee but I don't want it to show as a closed account. Currently my highest credit line on 1 card is $20k. What do y'all recommend?

Kenny · ‎11-13-2014

If you do close the gold card, it will still show on your report for many many years to come. (10 years.)

Blue cash is good if you don't have a problem spending the 6.5k before the 5% cash back kicks in on gas/groceries/etc. Otherwise, a lot of people are loving the new Everyday card. Probably would be ideal for you since you probably already have a lot of MR built up from your Gold card.

Take the myFICO Fitness Challenge

Anonymous · ‎11-13-2014

@Anonymous wrote:
I used to worry more in the past about my credit score because it was around 600, but now its up to 793 so I haven't really paid attention to credit stuff the last year or so. I have no real resason to use the credit score right now, I guess its more of a game to get my score above 800 more than anything. I currently have a AMEX GOLD card which I've probably spent $60k on since 2010 or so. I have 0 inquiries on my credit right now, the single 1 dropped off last month. I'm looking to get a AMEX card so I can take advantage of the backdated average age. My current average age I believe is 5+ years. I figured why not apply for another card, specificly amex and try to get a large credit line.

Which AMEX would be best to apply for to get the highest possible credit line with 0 annual fee. Income is 100k+, 2% util which is generall paid off monthly. I just let it report a balance then pay. I was thinking possibly AMEX blue? I'm debating getting rid of the GOLD card as well so I don't have to pay the annual fee but I don't want it to show as a closed account. Currently my highest credit line on 1 card is $20k. What do y'all recommend?

The concensus is that they will give the highest limit possible right off the bat no matter if it's an AF card or not. I've heard of approvals for $20,000+ on ED just as well as on SPG or M-benz Platinum.

Anonymous · ‎11-13-2014

Sounds like I may apply for Amex Everyday, its too bad I can't switch from Gold to this so I don't have to pay the AF anymore. Any tips for extra incentives I can get such as applying through a portal that gives additional kickback at all?

takeshi74 · ‎11-13-2014

@Anonymous wrote:
Which AMEX would be best to apply for to get the highest possible credit line

CL is not based on the card. It's based on your credit and income. If you want assistance selecting then you'll have to provide other criteria to narrow down the options.

@Anonymous wrote:
I don't want it to show as a closed account.

Why does it matter if it reports as closed?

@Anonymous wrote:
I'm looking to get a AMEX card so I can take advantage of the backdated average age.

Your AAoA itself isn't backdated. The open date for new AmEx cards is backdated which is what can help AAoA.

Anonymous · ‎11-13-2014

Well closed accounts can effect your credit score, and it reduces the AAoA. Am I mistake that a closed account like that would effect it? If the new accout opens at the same AAoA then it may not effect it much.

Anonymous · ‎11-13-2014

@Anonymous wrote:
Well closed accounts can effect your credit score, and it reduces the AAoA. Am I mistake that a closed account like that would effect it? If the new accout opens at the same AAoA then it may not effect it much.

Yes, you are mistaken, at least in the medium term. AAoA counts open and closed accounts, closed accounts continue to stay on your report (and thus available for AAoA calculations) for about 10 years.

Anonymous · ‎11-13-2014

Thanks, I'm gonna apply for the Everyday and see what happens!

Anonymous · ‎11-13-2014

Got approved for 20k

Anonymous · ‎11-13-2014

@Anonymous wrote:
Got approved for 20k

Congratulations! I knew it'd happen for ya.