AMEX

[fused]

---

sleigh17 wrote:

---

credit4me wrote:

I applied for the AMEX blue and was denied. Since being on this site I here a lot of talk about the Gold Delta skymiles by AMEX. Would AMEX send me a possible offer to one of their lower cards like the skymiles or should I just leave it alone at this point since already being denied for the Blue?

Oh yeah, I already have 5 cards but wish to get rid of 2 of them for something more positive.

Card I currently have:

Cap One (Hassle Free cash)

First Preimier

Wamu

Best Buy (MC)

Legacy

Want to get rid of First Preimier & Legacy.

Anybody?????

Message Edited by credit4me on 08-29-2007 07:10 PM

---

I am opposed to the majority and in agreement with you. First, let me state that I am far from any expert and the advice I have received on this forum is invaluable, but I just closed 2 First Premiers, 1 Legacy, and 1 1st Savings. All because of annual fees and monthly maintenance fees. So far, my TU has dropped 5 points, my Ex has risen 10 points and my EQ has risen 1 point. All other factors are equal except for a couple of extra inquiries. I am beginning to believe that FICO actually recognizes Sub-Prime cards. Then again, maybe I am just hallucinating!!!

---

FICO scoring does not distinguish prime from sub-prime, they are weighted equally. As for your comments on closing CCs, I agree with you. I not one to hold on to crappy CCs unless I have to. For more info on closing CCs, click on the link in my sig line. 

[fused]

---

montana wrote:

All AMEX cards are considered PRIME. So if you get any AMEX is fine. As for some, the $2,500 line is a blessing from the sky, but to others anything less then AMEX BLACK CENTURION is SUBPRIME.

---

Not anymore. Amex does underwrite sub-prime cards...Delta, Hilton, and Starwoods to name a few. The Blue cards, Clear, Gold, Green and etc. are prime. Amex is not nearly the credit stickler they once were, Discover seems to have the most stringent underwriting these days.

[Kat]

---

montana wrote:

All AMEX cards are considered PRIME. So if you get any AMEX is fine. As for some, the $2,500 line is a blessing from the sky, but to others anything less then AMEX BLACK CENTURION is SUBPRIME.

---

Not anymore. Amex does underwrite sub-prime cards...Delta, Hilton, and Starwoods to name a few. The Blue cards, Clear, Gold, Green and etc. are prime. Amex is not nearly the credit stickler they once were, Discover seems to have the most stringent underwriting these days.

If Amex Blue is prime, then why does my new accout have a Standard APR of 19.24% (after intro)?

[Anonymous]

UPDATE:

Just called the number on the back of my new Delta Skymiles card and converted to AMEX Blue Cash. Same terms as Delta Skymiles ( APR, CL, etc.). I told them about our forum so that their supervisors will read that we may cancel AMEX cards upon FR fairy knocking on our doors. I think if more people show them that we won't tolerate FR, they will take a notice and ease up on cardmembers in good standing.

By the way, my Blue cash APR is 18%. not so prime huh?

[SpecFile]

Congrats on the new card.  Even though the APR is a little high, the Blue Cash is considered prime with AMEX.  Maybe you can talk them down on the APR after a while.

[oneloveforall_2000]

---

@Anonymous wrote:

UPDATE:

Just called the number on the back of my new Delta Skymiles card and converted to AMEX Blue Cash. Same terms as Delta Skymiles ( APR, CL, etc.). I told them about our forum so that their supervisors will read that we may cancel AMEX cards upon FR fairy knocking on our doors. I think if more people show them that we won't tolerate FR, they will take a notice and ease up on cardmembers in good standing.

By the way, my Blue cash APR is 18%. not so prime huh?

---

I got them to convert from delt a skymiles to amex blue, with 12.24apr and 4.99 bt 0.00% Introductory APR , oh yes NO Annual Fee!!, but what i really want is cli.

Message Edited by oneloveforall_2000 on 09-08-2007 04:41 PM

[Anonymous]

your scores are better then mine that's why you have lower APR. congatulations!