FR AMEX !!!!! _ WHAT DID I DO WRONG ??

[Ron1]

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@youngman1234 wrote:

So Everyone, 

Here is the update, just got an email from Amex......... HARD LIMIT = $3000.00 

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That's a good news. It 's not too bad.  Use it and pay it monthly. You should be fine. You might be able to get their business card in the future.

Ron.

[youngman1234]

so Ron1, 

what kind of spending do you think I should do, I mean I have other cards I can use... so do you think I should just stop using it ?? or should i just keep charging... In otherwords should i spend like only 1K-1.5K so that I dont get put in the spotlight and get another FR..... 

Also how long should I wait to apply for a business charge card ?? 6 months or wait a year.... 

[Ron1]

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@youngman1234 wrote:

so Ron1, 

what kind of spending do you think I should do, I mean I have other cards I can use... so do you think I should just stop using it ?? or should i just keep charging... In otherwords should i spend like only 1K-1.5K so that I dont get put in the spotlight and get another FR..... 

Also how long should I wait to apply for a business charge card ?? 6 months or wait a year.... 

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youngman1234,

You don't want them to FR you again.  Don't be using the card for business purpose. I would say keep it under $500 (it's for me for the first three months) Using your card like breaking in a new pair of shoes.  You slowly increased your usage. So they can trust you enough to remove the hard limit.  I hope you have other cards to use. Don't put every thing on that card.  If you earn them enough trust, they might offer you a Platinum Amex in a year or two.  In my case, I waited for two years to apply for business Amex ( already have other business cards). They also offered me pre-approval for Plum Card.  You should take one step a time and you will know when the time come.

If you have any question, let me know.

Congrats!!!!

Ron.

[youngman1234]

thanks ron for the advice !!!!! its greatly appreciated.... 

[youngman1234]

Ron1, what are some other business credit cards that I should be looking into ??? 

[sandman2435]

AMEX ,you have to be slow and easy with them at first..and gain there trust..Ive been a member for over 21 years..and never had any problems with them...When I go out of town and plan to spend more than I do...I always call them to let them know..and they note my account..so this way there is no issues

[Ron1]

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@youngman1234 wrote:

Ron1, what are some other business credit cards that I should be looking into ??? 

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You may wait a year or two for your personal credit to age.  Getting approved for business cards is based on your personal credit. You need to be patience.

Ron.

[LS2982]

Take this as a victory OP, at least they didn't shut you down!! Hard limit of 3k is not bad at all.