Help with Amex new card charge....

[dta]

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@Anonymous wrote:

How do I know when the statement cuts? I want to pay in full. Before it shows up on my credit report

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Your statement will cut a few days after your close date. If you pay in full by your close date, your reported balance will be $0. Your close date is next to "Recent Charges" when you log into their website.

[Anonymous]

Thank YoU!  

[CBTS]

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@negg wrote:
You are good to go....just don't this with Barclays lol. Barclays is the one card they don't want you to use.

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From what I've experienced, this is not true. I completely maxxed out my Barclays Financing card soon as I got it. Only made the minimum payments for 6 months. Paid it off by the 7th statement, but still, they had 6 months to do any AA if they didn't like me. So I think AA by Barclays is in fact blown way out of proportion.

[Open123]

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@Anonymous wrote:

So I got my Blue card today by AMEX. It's a 1.5k CL. My question is I want to buy some concert tickets. Total is $575.00 Is that too big of a charge to put on the card for being such a new customer? While it be flag? I dont wasnt a FR from them. Any suggestions ?

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Amex's is a spendcentric business model.  All things being equal, I suspect they prefer you make frequent charges both large and small, and everything in between.

The only time they get edgy is when charges exceed your stated income, resources, or has a high correlation to fraudulent or money laundering data points.

[JonStur]

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@Anonymous- wrote:

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@negg wrote:
You are good to go....just don't this with Barclays lol. Barclays is the one card they don't want you to use.

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From what I've experienced, this is not true. I completely maxxed out my Barclays Financing card soon as I got it. Only made the minimum payments for 6 months. Paid it off by the 7th statement, but still, they had 6 months to do any AA if they didn't like me. So I think AA by Barclays is in fact blown way out of proportion.

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I think you are an exception to the rule, basically you got lucky.. There have been enough AA by Barclay to prove that there is merit to our claims. Just because one person sticks their  hand in a hornets nest and doesn't get stung, shouldn't embolden others to unnecessarily take that risk...

[HiLine]

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@Open123 wrote:

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@Anonymous wrote:

So I got my Blue card today by AMEX. It's a 1.5k CL. My question is I want to buy some concert tickets. Total is $575.00 Is that too big of a charge to put on the card for being such a new customer? While it be flag? I dont wasnt a FR from them. Any suggestions ?

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Amex's is a spendcentric business model.  All things being equal, I suspect they prefer you make frequent charges both large and small, and everything in between.

The only time they get edgy is when charges exceed your stated income, resources, or has a high correlation to fraudulent or money laundering data points.

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Couldn't agree more

[CBTS]

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@JonStur wrote:

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@Anonymous- wrote:

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@negg wrote:
You are good to go....just don't this with Barclays lol. Barclays is the one card they don't want you to use.

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From what I've experienced, this is not true. I completely maxxed out my Barclays Financing card soon as I got it. Only made the minimum payments for 6 months. Paid it off by the 7th statement, but still, they had 6 months to do any AA if they didn't like me. So I think AA by Barclays is in fact blown way out of proportion.

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I think you are an exception to the rule, basically you got lucky.. There have been enough AA by Barclay to prove that there is merit to our claims. Just because one person sticks their  hand in a hornets nest and doesn't get stung, shouldn't embolden others to unnecessarily take that risk...

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I wasn't trying to disprove the legitimate claims many have made, because I have seen for it myself and I do know that it's a fact. But what I was trying to say is that it's not necessary or that it's a given that they'll take any AA against you just for the fun of it, like many posters here think. Same as American Express's FR concern on here. If a CC company feels comfortable giving you a certain limit, and you utilize that limit and still play by the rules by making the minimum payments that they ask for, I don't exactly see a reason why they'd change their mind and say "Hey, we made a bad decision by giving him/her this much credit, time for us to screw him now." If they take any AA against me for doing nothing wrong, I'd be happy to take my business elsewhere. Living under the fear of a CC company isn't exaclty a fun way to live, at least not for me. Of course, I admit that maxxing out a card or being close to maxxed out isn't generally a good decision, for future auto-CLIs or in view of other lenders who SP, but this was all before I found this forum and I didn't know anything about credit at that time. And I'm not advising anyone on here to go and max their cards. But to accuse Barclays of, as negg said, "not liking it when you use their card," isn't a fair thing to say (and I do know he was just kidding.)

Now, AA because of a bunch of new INQs or new TLs is a totally different story. Again this is all just IME and IMO.