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I keep seeing new comers ask the question and then being told they must treat it like a charge card and pif. Ive had the card for about 5-6 months and have always carried a 1-2k balance and pay about 200 dollars a month and have had no problem. I want someone who has had a negative issue with amex because of carrying a balance that can come and post their story. I honestly think people are just way to paranoid about pif and that amex truly could give two **bleep**s..hence why someone chose their revolver over their charge card to begin with. SO someone with a story that has nothing to do with ANYTHING ELSE ON THEIR CR please post their story.
And I know this is kind of like a rant but its frustrating to see so many people post about pif when I honestly think it makes no difference in your relationship with amex.
I recently charged $2000 on my $10,500 line and just paid $200 of my $741 statement balance. Amex likes to make interest money too!! (mine's at 0% for a year though haha will be pif before that obvi)! I think they are just like any other creditor in that they get concerned when overall util spikes or you open a sh*t ton of new accounts and add more and more credit and inqs!!! And of course, maxxing out a credit card is NEVER a good idea!!! Good luck all :-)
I have carried a 2900 balance on the Simply Cash card from them for the past six months since it was at zero interest. I am going to pay it off on the 10th and will see if anything happens. I really couldn't care less if they closed either account I have with them, as I can get 5% off Federal Express another way. Anyway, if they did not like people carrying balances, they would not offer zero interest periods.
Interesting question....I have wondered about this as well. With my BCP, I sometimes pif and other times carry a balance. Last statement balance was approx 1300.00 and I've paid 900.00. I have no intention of making another payment before the next statement cuts. I've never had any issues with AmEx but have had the card for only 5 months. Since I have 0% apr right now, I just do what's convenient for me as long as I adhere to the terms.
My personal belief is that If you carry a balance and only make minimum payments or close to, you might worry AmEx. It's probably fine if you carry a balance but don't appear to be struggling.
@lionsfan20 wrote:I keep seeing new comers ask the question and then being told they must treat it like a charge card and pif. Ive had the card for about 5-6 months and have always carried a 1-2k balance and pay about 200 dollars a month and have had no problem. I want someone who has had a negative issue with amex because of carrying a balance that can come and post their story. I honestly think people are just way to paranoid about pif and that amex truly could give two **bleep**s..hence why someone chose their revolver over their charge card to begin with. SO someone with a story that has nothing to do with ANYTHING ELSE ON THEIR CR please post their story.
And I know this is kind of like a rant but its frustrating to see so many people post about pif when I honestly think it makes no difference in your relationship with amex.
hi, lionsfan
i agree that if you carry balance on amex revolver card . there is no problem with that., because it's revoling cad they wont close your account or decrease cl. but for new comer. if one ask for cli. especially 3x cli after 1st 60 days the pif payment pattern will help more chance to get approved more than carry balance. infact amex
will calculate your chance for cli approving by using many factors like aaoa , income , spending habits , etc.. but one important factor is payment habbit. amex like
to get pif more than carry balance imx. this is just one opinion. any one?
I feel the same way. I've carried tremendous balances but I always had the cash and paid in huge installements in 2-3 months.
The same emotion goes towards "building a relationship"with a bank, at the end of the day you're just a number that is suppose to be doing certain things like pay bills on time; kinda like when kids say "I've been outta trouble" or "I haven't gone to jail"....no **bleep** sherlock you're SUPPOSE to be outta jail and trouble. I've been with chase since I was 18. They treat me like everyone else except for maybe always footing the bill when I need a new debit/credit card. End rant.
@BearOSO wrote:I feel the same way. I've carried tremendous balances but I always had the cash and paid in huge installements in 2-3 months.
The same emotion goes towards "building a relationship"with a bank, at the end of the day you're just a number that is suppose to be doing certain things like pay bills on time; kinda like when kids say "I've been outta trouble" or "I haven't gone to jail"....no **bleep** sherlock you're SUPPOSE to be outta jail and trouble. I've been with chase since I was 18. They treat me like everyone else except for maybe always footing the bill when I need a new debit/credit card. End rant.
Re building a relationship, I struggled not to rant at a post yesterday, someone getting a CLI from US Bank:
The letter I received today stated, "Congratulations, We are please to inform you that in recognition of the exceptional way you handle your account, we have increased your revolve line to $15,000. Thank you for choosing the US Bank Cash+ Visa Signature Card.". I thought it was nice that they went out of their way to send me this letter. Just thought I would share it with you all.
Sounds like the poster thinks that someone at the bank reviewed the activity, thought "Wow, he/she has really handled the account in an exceptional way. Let me go write a letter. Extra effort for me, but she/he deserves it". As compared to a computer-generated CLI letter....
I pif my first two statements and got my 61 day 3xcli ;-)
I think for most creditors, if you pif the first two statements.. they will be very generous with you. Ime, ANY TIME I've paid the first two statment balances, I've ALWAYS gotten auto clis on the third statements!!!
My Amazon, Chevron, Paypal, and Amex cards were all PIF the first two statements.. and all got CLIs by the third statement! :-) I'm a sucker for 0% interest though... and am well aware of the time value of money.. so I tend to take advantage of credit when the interest is 0% haha as I can get 10-20% on investments!!! ;-)