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In with Amex now what????

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Tomgon1981
Frequent Contributor

In with Amex now what????

Just got approved for AMEX ED just barely from what I've been reading. Now my question is what is the best way to use the card I got approved for $500 should I use it for auto pay on insurance or cable bill or should I use it a lot pay in full couple times a month to get best results with Amex now that I'm in with amex I wanna stay in their good graces
Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: In with Amex now what????

Use it a lot and PIF a few times. The $1000 spend sign up bonus will get you 10K points and if you make 20 transactions, you get your points + 20%.

 

Im using it for my everyday spend until my US Airways card comes. $1,400 in charges, $1,100 in payments three weeks into my first statement. Amex prefers no balances with heavy use (treat it like a charge card if you can), but with an intro 0% APR period of 15 months, they expect a relatively small balance I'm sure. 

 

Lenders always want to see responsible use. None of them mind a little interest income. 

Message 2 of 5
Tomgon1981
Frequent Contributor

Re: In with Amex now what????

Will that help out best with the CLI cause its hard to manage a measly $500 SL
Message 3 of 5
Anonymous
Not applicable

Re: In with Amex now what????


@Tomgon1981 wrote:
Will that help out best with the CLI cause its hard to manage a measly $500 SL

You know, Most AMEX cards have flexible limits.

 

You can charge and make payments, let 1-9% report.

Message 4 of 5
Tomgon1981
Frequent Contributor

Re: In with Amex now what????

I will do that as I do my QS right now
Message 5 of 5
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