AMEX EveryDay

[corymcd88]

I got my AMEX EveryDay card in the mail but have a high FICO of: 756 but a low CL of $1.000 and a very high APR of 21,99%. I have been with AMEX for four years and was a little surprised on the APR and CL.

[Anonymous]

For the low limit, you may have reached your maximum exposure with them.  After a few months, try and see if they are willing to reduce the APR.  Enjoy your new card.

[corymcd88]

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@Anonymous wrote:

For the low limit, you may have reached your maximum exposure with them.  After a few months, try and see if they are willing to reduce the APR.  Enjoy your new card.

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I have one other card at $5.000.

[kdm31091]

Luckily, amex is often flexible over time with limit and APR. Give it time.

[Anonymous]

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@corymcd88 wrote:

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@Anonymous wrote:

For the low limit, you may have reached your maximum exposure with them.  After a few months, try and see if they are willing to reduce the APR.  Enjoy your new card.

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I have one other card at $5.000.

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Hmm.. So your total exposure with them is 6k when you add this new card.  I'd say use it heavily and see if they increase when you do your 3xCLI.

[9CLINE]

True, but whole credit file comes into play like other cards & their limits also factor in along w/ income, rent,mortgage,etc.,,there is more to it than scores as others keep stress here...Also as previously stated they lower Aprs all the time and do Cli too..later... I remember my 2nd card was lower SL than the first one when I first got it too...

Good Luck !!!

[corymcd88]

I just think that over four years and a higher CS, I would have gotten better CL and APR.

[CreditMagic7]

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@corymcd88 wrote:

I just think that over four years and a higher CS, I would have gotten better CL and APR.

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Thanks for sharing your results. Good info to maybe help gauge them and how they might or might not stack up for 2016.

[Anonymous]

Did you use your older Amex much?

[9CLINE]

yeap,,,I get what you're saying...