Can you have two AmEx Revolvers?

[QueenBeeOC]

I am having "credit card remorse" and wish I would of gotten the TE Costco Amex and not the BCE. We are HEAVY costco shoppers/gas station users and hoping we can turn that into some cash back. 

Do you think it would be bad to apply for the Costco Amex? 

[cottoncrown]

Yes, many people have been approved for multiethnic cards just days apart, including myself.

[takeshi74]

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@QueenBeeOC wrote:

Do you think it would be bad to apply for the Costco Amex? 

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Impossible to say with what you've provided in your OP.  If your only concern is the number of AmEx revolvers one can have then it's not bad.  Once can certainly have 2 AmEx revolvers.  I have the BCP and the TE.  If there are other potential concerns then we don't have enough info to work with.

TE really isn't all that great on rewards for Costco shopping.  Costco gas get 3%, Costco travel gets 2% but regular Costco shopping is only 1%.

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@cottoncrown wrote:
Yes, many people have been approved for multiethnic cards just days apart, including myself.

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Multiethnic?  Must be another DYAC moment.

[QueenBeeOC]

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@takeshi74 wrote:

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@QueenBeeOC wrote:

Do you think it would be bad to apply for the Costco Amex? 

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Impossible to say with what you've provided in your OP.  If your only concern is the number of AmEx revolvers one can have then it's not bad.  Once can certainly have 2 AmEx revolvers.  I have the BCP and the TE.  If there are other potential concerns then we don't have enough info to work with.

TE really isn't all that great on rewards for Costco shopping.  Costco gas get 3%, Costco travel gets 2% but regular Costco shopping is only 1%.

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@cottoncrown wrote:
Yes, many people have been approved for multiethnic cards just days apart, including myself.

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Multiethnic?  Must be another DYAC moment.

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Let me clarify - Bad = not getting approved, wasting a hard pull inquiry for nothin'. Also bad, if I would to hurt my AAoA. But that's not neither here nor there.. I've already hit it with two new cards.

Now that I see the BCE and TE are the same 1% on costco shopping I am not that worried and I hear Costco Gas still gets the 3% - Never thought I would be in this position 2 years ago when I started rebuilding!

[Anonymous]

Good luck with your quandary.

[k-s]

Yes, you can. I have the TE and the BCE and they were approved one day apart. No issues.

[vagrants]

Some say 4 max but some say they have more than 4. Perhaps, people with more than 4 were grandfathered in.

[B335is]

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@vagrants wrote:

Some say 4 max but some say they have more than 4. Perhaps, people with more than 4 were grandfathered in.

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Yeah, I've heard 4 revolvers max as well.

OP, you should go for TE!  If it's a denial, it's only a SP.

[Anonymous]

IMO the costco amex is the worst amex to use at costco as it yields the lowest % return and you can only collect it once a year.  Even a charge card would be better because 1 MR point is more valuable then .01 IMO.  The best card to use at costco is the SPG Amex. Many  people value a spg point at 2.5 cents. SPG points can be transfered to many airlines at 1:1 ratio and you can redeem 2000 for a night at category 1 hotel.   So in summary if you spend a lot at costco i would go for the spg.

[FinStar]

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@B335is wrote:

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@vagrants wrote:

Some say 4 max but some say they have more than 4. Perhaps, people with more than 4 were grandfathered in.

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Yeah, I've heard 4 revolvers max as well.

OP, you should go for TE!  If it's a denial, it's only a SP.

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+1

You can take your current AMEX for a road test and see how it stacks up and decide whether you want to add the TE later.  I currently have 4 AMEX revolvers which include the BCP and Costco TE.  So yes, you can have more than 2.