Holy AMEX! Bye Chase!

[Anonymous]

I got a PRG in April with no POT offer. I got a Platinum in July. When I was registering the Platinum, it offered me a POT option with $35K. I accepted. It doesn’t start until September though. 

I thought it was weird they’d offer it on the brand new card instead of the pre-existing card with thousands charged at some point. Perhaps, it’s because of my PRG useage that they offered it on the Platinum. 🤷‍♂️

That trip sounds very cool, btw. 

[UpperNwGuy]

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@kerplunk wrote:

Pro tip:

It's usually best to not burn bridges in life; banks are no exception. Chase is the largest bank in the United States.

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+1

[Anonymous]

Someone purposely went to Missouri?!?  Just kidding, I lived in Lake St. Louis for years and it's beautiful.

I've never had an account with Chase, and these ongoing threads about how skittish Chase can be makes me NOT want to get involved with them.

[Anonymous]

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@Anonymous wrote:

Someone purposely went to Missouri?!?  Just kidding, I lived in Lake St. Louis for years and it's beautiful.

I've never had an account with Chase, and these ongoing threads about how skittish Chase can be makes me NOT want to get involved with them.

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There are many threads in this forum about different lenders/banks and how they deal with each of us YMMV. As one poster stated: "credit is like a game of pin ball" you never know? Who's to say ... Chase may find you a very worthwhile customer. Many of us over time find different lenders that seem to for unknown reasons decide they don't like our profile. Another observation is that lender's criteria for approval and ongoing account maintenance varies making the game of credit interesting and scary (we never quite get the lender pinned down and they change the rules of the game).

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Someone purposely went to Missouri?!?  Just kidding, I lived in Lake St. Louis for years and it's beautiful.

I've never had an account with Chase, and these ongoing threads about how skittish Chase can be makes me NOT want to get involved with them.

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There are many threads in this forum about different lenders/banks and how they deal with each of us YMMV. As one poster stated: "credit is like a game of pin ball" you never know? Who's to say ... Chase may find you a very worthwhile customer. Many of us over time find different lenders that seem to for unknown reasons decide they don't like our profile. Another observation is that lender's criteria for approval and ongoing account maintenance varies making the game of credit interesting and scary (we never quite get the lender pinned down and they change the rules of the game).

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This.  But also, IMO the vast majority of "no reason" shutdowns (i.e. those not for MS, paying family etc) are caused because MyFico behavior is not "normal".    The banks algorithms are tuned to normal behavior, where people are not frequently applying for new cards or asking for CLI and APR reductions.     

While SP CLIs (and APR reductions) are lauded here, from the issuers viewpoint, why do you want them?   For multiple CLIs, why do you need so much increase in credit, are you about to get into trouble?  For APR reduction, are you expecting to have trouble meeting some repayment obligation in the near future?   While we may have answers (for util padding, and "just in case") these really aren't convincing to an issuer, and any time they feel the financial markets are getting harder, these things are going to be looked at a little negatively.

So if you restrict your credit seeking behavior (new cards and CLI) I doubt if any issuer is going to appear skittish and unpredicatable.   It's only the fact that this group is highly unrepresentative that we see these things.

[iced]

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@Anonymous wrote:

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@kerplunk wrote:

Pro tip:

It's usually best to not burn bridges in life; banks are no exception. Chase is the largest bank in the United States.

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While I appreciate the sentiment in my opinion when it comes to personal transactions, burn me once and I don't give a second chance. What Chase did was completely uncalled for IMO, and the fact that they sent a letter rather than calling shows they don't care, which is fine but I will not do business with them again.

I have been very hard on Amex in the past mainly after they sent me a 4506-T a few years back and I closed all of my account after I refused to fill that out, in that scenario the situation was different, they offered me the opportunity to leave the cards open I just chose not to do their paperwork etc. We (Amex and I) decided to give each other another chance this year and things appear to have turned a new leaf, we shall see how things develop.

I have also changed how I use my credit cards, rather than be a constant churner for points and sign up bonus I am now comfortable enough with my financial situation that I would rather sit back and maybe get a bonus or too here and there but remain with a streamlined wallet of cards that serve a purpose. Rather than hunting for a high total credit limit. No disrespect to Churners/card collectors I just feel the need to lay low now. 

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Not going to tell you how to feel about a bank, but holding a phone call vs written notification against someone ignores the fact that phone calls don't have the same legal weight as written notification. This is why so many places require notice in writing, or notify you in writing. If you ever get involved in a court case, you're not going to get summoned via phone either.

[iced]

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@bodyboy1 wrote:

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@Platinum25 wrote:

Does the Platinum card have the POT option as well?

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> Yes! as well as Gold (PRG)

   It is Offered to you, Usually between 60/90 days, However.. (IMO) not everyone is offered.

         for instance,  in some cases..   if you are a previous Cardholder and close an Account to avoid an Annual fee, Amex (IMO) remembers  things and penalizes, by Not giving you POT/ or by Making you Wait/ or offering it to you "later"

and imo not everyone gets $30/$35k.

and POT is not New.

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I guess I fell into the 'not offered' option. Then again, I have no problems with PIF monthly so maybe they know I don't need it. I would hardly say not offering POT is a penalty, though. That's like saying I'm penalizing someone by not putting training wheels on their bicycle.

[ibmrad7]

I thought everyone started with 35K. My initial limit was 35K and it's at 60 now.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

@Anonymous:

1) where have you been?

2) are you going to share why Chase closed your account(s)?

3) where are your USAA cards????

That is all.

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Aw missed y'all too. 

1. Absorbed with Masters classes still have 2 more years left of that, and just completed a multi-week cross-country road trip from WA state to Missouri. Went through Disney, Palm Springs, it was great. 

2. Chase sent me a letter unprompted and with no application or CLI request on my part saying they were closing my account because they thought I opened too many accounts (SMH). I think it also had something to do with that I completely stopped using the $30k limit I had with them. 

3. Still have my USAA Amex Plus its just my emergency back up/gas tracker expense card that I had them lower the limit to $1k since I keep it in my car. I didn't want to tarnish my other cards with a toy limit in my sig.  

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Its good to see you back and posting! Glad to hear that you still have your USAA even though you are not proudly displaying it  

[Caught750]

It definitely seems like Amex is really stepping up and potentially trying to surpass Chase for the top line up of travel cards! I'm very happy with this! Congrats and the growth with Amex.