AMEX myth busters.. three from me..

[Closingracer99]

Personally why even try it out to carry  a balance on an Amex card if you have other cards? in my opinion since i have other cards will only carry balances on my multiple Visa cards or my Discover card before my Amexs even with a 0% intro APR

[09Lexie]

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@Closingracer99 wrote:

Personally why even try it out to carry  a balance on an Amex card if you have other cards? in my opinion since i have other cards will only carry balances on my multiple Visa cards or my Discover card before my Amexs even with a 0% intro APR

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Maybe because it's better to have one TL with a bal as opposed to multiple TLs. 

Each profile is different.  Maybe OP s wife's profile is thick and Amex wouldn't blink with her file.  While a new file may raise red flags. 

Like everything suggested or advised here, YMMV. 

[Closingracer99]

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@09Lexie wrote:

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@Closingracer99 wrote:

Personally why even try it out to carry  a balance on an Amex card if you have other cards? in my opinion since i have other cards will only carry balances on my multiple Visa cards or my Discover card before my Amexs even with a 0% intro APR

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Maybe because it's better to have one TL with a bal as opposed to multiple TLs. 

Each profile is different.  Maybe OP s wife's profile is thick and Amex wouldn't blink with her file.  While a new file may raise red flags. 

Like everything suggested or advised here, YMMV. 

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I was saying If you have multiple Cards why risk putting it on the Amex? Put the Balance on the Chase , Citi, Capital one or whatever else you have.. Of course if the only card you have is Amex then I would say keep it on and see what happens.

I bought a TV like 4 months ago for around $500 and since i do have a 0% APR on my Amex BCE and Discover. Was planning to hold a balance for a while and decided to put it on my Discover because i didn't feel like leaving it on my Amex and finding out they dont like it true or not.

[B335is]

Congrats and thanks for the CLI info, definitely interesting data points.  How old are the accts and have you opened anything else up recently? 

[Fico2Go]

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@SunriseEarth wrote:

Interesting data points.   What's your overall UTIL like?   AMEX does seem to like a low overall UTIL a lot.  

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She'sgot six revolving lines.  5 had under 3% balancess.  The two AMEX had 60% UTIL.  TOTAL UTIL at 38%.  

So it wasn't low. 

[Fico2Go]

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@B335is wrote:

Congrats and thanks for the CLI info, definitely interesting data points.  How old are the accts and have you opened anything else up recently? 

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Accts are 8 months old.  She's lived in Europe the past ten years so her only accounts were all opened around Oct of last year.  Basically six inquries, six accounts, 8 months history and about 22K in available CL.  

Her file isn't thick at all.