The limit was 4, then 5. Now there is theoretically no limit to the number of revolvers you can have with Amex assuming they will approve you for the cards.
Komp, how long ago was that? According to the article I read it's a very recent change. I wonder if the calls were to ask you to reallocate some of your credit lines to open the card?
@AverageJoesCredit wrote:
Just curious, why would someone want so many revolvers and especially so much exposure with one lender? Please dont shoot the questioner lol, just wondering what 1 or 2 couldnt do that 4,5, or 6 could?
For most people, a few Amex revolvers (or even 1) is enough. The caps applied to all cards personal and business, though. Not unforeseeable that someone running a business may have a Blue Business Plus, Starwood, and Delta card for their business spending, and then have a Starwood and Delta card on the personal side, and decide that the Blue Cash Preferred may give them some cash back on their household purchases.
I mean... if I was going for the ultimate Amex kit, I might go for a ED(P), BC(E/P), Delta, SPG, and I guess Hilton. That's five.
Any more than that and you're doubling up.
@AverageJoesCredit wrote:
Just curious, why would someone want so many revolvers and especially so much exposure with one lender? Please dont shoot the questioner lol, just wondering what 1 or 2 couldnt do that 4,5, or 6 could?
This isn't an Amex-related answer, but your question also didn't specify Amex. For optimum spend, I can see 4 Chase cards being ideal (maybe more and I just can't recall): CSR for travel/dining, Freedom for the 5% category, Ink Business Preferred for service bills like internet and phone, and CFU for all other things.
