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AMEX Delta Gold..."activated"....Now What?

Member

AMEX Delta Gold..."activated"....Now What?

Greetings All,

 

Card in hand, fresh out the Mailbox.. Ready 2 go!

 

My Question is...

 

What is the "appropriate" way to use this card??

 

 

I wanna build a good relationship with AMEX for

future CLI's & Additional cards.

 

 

 

Therefore, with my starter CL of $1000

should I....

 

A) Use this card as my 'daily driver' and go full speed

ahead over the next 61 days with My weekly transactions

of... Restaurants, Gas & Groceries ( I dine out alot).

 

B) Pay some utility bills... Equalling up to $300/30%

 

C) Charge 1 or 2 Miscellaneous items, and throw card

     in sock drawer.

 

D) Your suggestion please?

 

 

And finally each month,

 

Do I PIF ?.... or ....Carry a balance?

 

 

Thanks in Advance!!

Start Feb 2018 = EX 658 | TU 635 | EQ 646
Garden Goal = Mid 700's
Message 1 of 7
6 REPLIES
Valued Contributor

Re: AMEX Delta Gold..."activated"....Now What?

Credit cards can be used to buy things.

Seriously, just use it.  Pay it occasionally.  With Amex, you'll want to hold off on making payments until just before your first statement closing date since they sometimes will only accept one payment before the first statement.  After that, use it and pay it down as often as you like.  Try to keep your statement balance as low as you can, but above zero.  After 61 days get a CLI to $3K.  Get the signup bonus.  Take a trip with your SkyMiles.


Former:
Message 2 of 7
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Frequent Contributor

Re: AMEX Delta Gold..."activated"....Now What?

With Amex credit cards, the best to do is always pay in full and never carry any balance over. People who carry balance on Amex credit cards are known to get adverse actions from them.

 

But in terms of paying in full, it pretty much means that you pay at least the amount of balance showing on statement X by the due date prior to statement X+1. This way you don't have to pay interest, and it's not considered as carrying a balance over billing periods. It is usually not necessary to pay the new purchases prior to statement cuts, unless you are running close to your credit limit.

 

For utilization and scoring, you may pre-pay so your statement balance shows up as 1% - 10% of your credit limit, it can be higher but try to be < 28% at statement cut and the lower the better (better not be at $0 unless you got another open revolving account with a balance), mid-cycle balance usually doesn't really matter much.

Message 3 of 7
Frequent Contributor

Re: AMEX Delta Gold..."activated"....Now What?

Now...... Read  more..... There a ton valuebale information you can get on this forum if you read enough. Use the seach button.

Rebuilding credit since July 2014 ((Ch7 BK discharge)): Amex Platinum NSPL, Amex Everyday $12.3k - Aviator AA $6k - NFCU cashReward $25k - NFCU GoRewards $1k - Blispay $5k - Paypal Credit $6k - Citi Costco $5.5k - SAVOR $4.7K - Walmart Card $6k - Victoria Secret $3.1k - Credit One $2.4k - Discover $2.4k - Barclay Rewards $2.5k - Car Loan $10k - Student Loan $2k.
Fico8 05/2018: EX 740, TU 714, EQ695.
Message 4 of 7
Established Contributor

Re: AMEX Delta Gold..."activated"....Now What?


@PlyrStar93wrote:

With Amex credit cards, the best to do is always pay in full and never carry any balance over. People who carry balance on Amex credit cards are known to get adverse actions from them.

 

But in terms of paying in full, it pretty much means that you pay at least the amount of balance showing on statement X by the due date prior to statement X+1. This way you don't have to pay interest, and it's not considered as carrying a balance over billing periods. It is usually not necessary to pay the new purchases prior to statement cuts, unless you are running close to your credit limit.

 

For utilization and scoring, you may pre-pay so your statement balance shows up as 1% - 10% of your credit limit, it can be higher but try to be < 28% at statement cut and the lower the better (better not be at $0 unless you got another open revolving account with a balance), mid-cycle balance usually doesn't really matter much.


FWIW, I’ve carried a balance for a couple months with them, we’ll se how it goes on Tuesday with the CLI. I haven’t gotten any “adverse action” the balance was only about 45% of my CL.

Message 5 of 7
Established Contributor

Re: AMEX Delta Gold..."activated"....Now What?

Use it/enjoy it/and in my humble option, Pay In Full. Smiley Happy

Message 6 of 7
Member

Re: AMEX Delta Gold..."activated"....Now What?

Appreciate all the "insight"  Robot Happy

Start Feb 2018 = EX 658 | TU 635 | EQ 646
Garden Goal = Mid 700's
Message 7 of 7