Hey all-- I searched but didn't see the info I'm looking for here. My AMEX Blue Cash/Everyday card has a reasonably low limit, Appx. $2K. I've had that UTIL up to 80% early last year. I'm now at about 30%, and I'll be paying off the card in about 6 months or so. I also have two "Plan-It's" on the card. One has one payment left; the other's at I think 13 left (My balance won't last that long though.)
Recovering, rebuilding profile. Lots of new activity over the past 12 months on my profile, most of it good. I was denied a CLI by AMEX last month-- First reason, too many inq's; 2nd reason, proportion of balances (yada yada. More on that below.) .
I would like to get back into AMEX's good graces, and I'm afraid of a CLD. (My total UTIL is now at 40%, in part from consolidation loans (one in August; one in December.); I'm also working total UTIL down as assertively as possible.) Anyone have any experience of what 'happens' to AMEX when you pay down a line to $0, and then sit there at $0 a minute?
I'd love to see them (1) Offer me a CLI; (2) Offer me a reduction of rate; (3) Offer me a decent BT offer; (4) NOT say "Hi-- I know your score's improved almost 100 points in the past year, but we're cutting you anyway."
What's my best strategy to entice them toward a decent look my direction? Put money on the card again immediately? Sit for 3 months (or more) at $0.00? Thank you for any info, intel, data, or educated guesses.
The profile matters. Between 0% and no-fee Plans, I've carried some pretty aggressive balances with Amex.
Unless someone is just starting out, a $500 or $1k or even $2k CL often indicates Amex has some significant concern about the borrower's risk.