I agree, the link is full of misinformation.
I have aggregate limits on AMEX revolvers over 50k, it was $55k til I closed a $2k EDP, and never a FR. A lot of the limit growth came from new apps with several $10k and $15k added limits.
The idea that large purchases will be extrapolated by AMEX to $1 million in a year is naive. They have this thing called declining specific purchases that they might consider implementing before day 300 of $2,500 per day of serial charges.
The blog does not mention that AMEX has regular SP info for your credit file, sometimes even before you apply for your first AMEX, so they have some idea what your credit history looks like, what your card usage might be.
There is also no discussion of the difference between a FR and Account Review associated with a CLI request. So new readers would not see they might not actually be facing account closure just because AMEX contacted them.
I have aggregate limits on AMEX revolvers over 50k, it was $55k til I closed a $2k EDP, and never a FR. A lot of the limit growth came from new apps with several $10k and $15k added limits.
The idea that large purchases will be extrapolated by AMEX to $1 million in a year is naive. They have this thing called declining specific purchases that they might consider implementing before day 300 of $2,500 per day of serial charges.
The blog does not mention that AMEX has regular SP info for your credit file, sometimes even before you apply for your first AMEX, so they have some idea what your credit history looks like, what your card usage might be.
There is also no discussion of the difference between a FR and Account Review associated with a CLI request. So new readers would not see they might not actually be facing account closure just because AMEX contacted them.
It's unfortunate when bad info like this is out there for people to use that may not know any better. A lot of people research to try and educate themselves and you would hope that info provided like this would be solid.
