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AmEx Blue Cash Upgrade questions.

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Frequent Contributor

AmEx Blue Cash Upgrade questions.

Today i noticed i had a special offer of $250 if i spend $2000 in 3 months to upgrade to the Blue Cash Preferred.  So i decided i want to go for it, but i do have a couple of questions about upgrading. i really do like the 6%CB at grocery stores.

1. will it be an HP?

2. will my tradeline be affected in anyway?

3. im due for a credit increase on the 24th?  will that be affected as well?

4. Does AmEx limit your credit with them based off my income?   $28000 a year, 2 cards with them with a total of $5600 in credit.

 

thanks guys

FICO 8 10-17-2016 Equifax 634, Transunion 673, Experian 631

Quicksilver one, Cap1 Secured, Amazon Prime, DiscoverIT, Best Buy Visa, Paypal SC, Walmart Store, VicSecret, Jcrew, Gamestop, Barclays Apple, Target, Eddie Bauer, Overstock
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2 REPLIES 2
Frequent Contributor

Re: AmEx Blue Cash Upgrade questions.

No HP
Won’t effect your tradeline.

Just be sure your usual grocery store codes as grocery for AMEX or you won’t get the 6% CB. For example, big box stores like Walmart won’t qualify (grocery pick up does, however. Just not in-store Purchases)
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Delta Gold
PNC: Cash Rewards
NFCU: Flaghship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 2 of 3
Community Leader
Super Contributor

Re: AmEx Blue Cash Upgrade questions.


@moneyshot23 wrote:

Today i noticed i had a special offer of $250 if i spend $2000 in 3 months to upgrade to the Blue Cash Preferred.  So i decided i want to go for it, but i do have a couple of questions about upgrading. i really do like the 6%CB at grocery stores.

1. will it be an HP?

2. will my tradeline be affected in anyway?

3. im due for a credit increase on the 24th?  will that be affected as well?

4. Does AmEx limit your credit with them based off my income?   $28000 a year, 2 cards with them with a total of $5600 in credit.

 

thanks guys


1. SP most likely 

2. No, retains all original info

3.Not by PC, but CLI may be affected by other factors

4. A lot more goes into it, income is just one piece of puzzle

EX 753 EQ 769 TU 755
Message 3 of 3