Am I the only person that is NOT impressed with their Amex?!

[Girlzilla88]

Hmmm maybe it's my CU giving Amex a hard time then?!    Haha there is no telling but I noticed that for all my payments it's typically 2 days on a weekday or if I pay Friday it won't be until Monday or Tuesday before it shows ....*shrugs*

[Anonymous]

Could be your CU. I can pay 7 days a week and it's available immediately the same day as long as it is done before 8pm. The money does not actually leave my bank account until the next day. I've had the card since 2011 with perfect history to I guess they trust that it will clear the next day? Maybe someone else could chime in on the process.

[Anonymous]

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@Girlzilla88 wrote:

Don't get me wrong I am flattered that I was approved and maybe I haven't had it long enought to thoroughly enjoy it (I just got it in December 2018) but the rewards aren't as good as my other card, the limit isn't as good and it takes 2 to 3 days to show payments etc ....it just seems to be lacking a lot more than my other cards?!      Is it worth the wait/build?    Anyone else have similar experience or positive experience to share?

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I have it too, and it's ok. Not the greatest card in the world, but ok. Be sure to check the Amex offers every so often, some really good/useful ones pop up pretty regularly.

The limit will grow with use. Amex just likes to see strong use, regular payments, and PiF over time. My first Amex card started at $1000 as well. Now it's just over 2 years old and at around $12000.

As for the payments, they will be slow at first until you get a payment history with them. After a while they will start clearing same day. Mine often clear a few days before the withdrawal hits my checking account.

EDIT: If you are still unhappy after a year, I believe you can PC it to a BCE. Hopefully someone will correct me if I am mistaken there.

[Anonymous]

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@Girlzilla88 wrote:

Don't get me wrong I am flattered that I was approved and maybe I haven't had it long enought to thoroughly enjoy it (I just got it in December 2018) but the rewards aren't as good as my other card, the limit isn't as good and it takes 2 to 3 days to show payments etc ....it just seems to be lacking a lot more than my other cards?!      Is it worth the wait/build?    Anyone else have similar experience or positive experience to share?

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OP, if the correct card has been chosen for your needs, I think you'd be hard pressed to find anyone that would not be happy with American Express. It is my personal opinion that there isn't anyone in the game that's better than AMEX as they say in boxing "pound for pound". In your case, you've selected the Cash Magnet - painfully similar to the freedom unlimited; and consequently probably not the best choice. There are always other factors but there is clearly a redundancy issue here. 

I'm a little confused by the payment posting issue. I had my AMEX a month prior to yours, and every payment I've ever made has instantly increased my credit line and the actual payment post to my AMEX account in 24 hours. I have had a Platinum Card via Corporate Account for many years and it's the same deal. 

I echo what others have said here. Give it a little time. Becoming a member of this very unique club is definitely a privilege. Not everyone can get in, and there are many who is on the infamous blacklist who'd trade all their cards just to get back in. 😂

[Girlzilla88]

Will do

[jdbkiang]

I’ve noticed that transactions from smaller banks, online banks, or CU’s tend to happen slower in general than bigger banks.

Also, out of curiosity, what was your strategy in getting the CM and CFU together?

[Girlzilla88]

@jdbkiang I wanted cards with good cash back ratings and higher CLI that I saw to start building my AAoA after my Mortgage Approval (I just recently got) I plan to garden for a couple years and wanted to pick which cards I got wisely to help me while I was gardening      I hope to have them in the upper k hopefully 5 digit CL by the time the two years is up so I can get my dream car!         That is my goal thus far.

[Blackswizz750]

I think you are off to a good start with Amex. It seems like you enjoy cash back to MRs and it will payoff as you pif monthly instead of debit card use. It will grow and others said on here to look at benefits the card has other lenders have discontinued or needed.

[redpat]

Amex is numero uno, number 1, the big cheese, Mr. Big, the boss, first class, big kahuna......The chase is on to catch Amex....

[Girlzilla88]

@redpat LOLOLOLOL that made my day thanks XD