One thing I really like about amex

[purebulldogs]

Amex seems to really grow when we do regardless of the card (not counting the one to get back in with them). 

If I can only afford $500 a month and they know it, my limit will probably stay at 500. 

Now if my income grows a lot, my scores increase, amex will most likely raise the credit limit even on the same card. 

The opposite of the cap one platinum card that's in a bucket no matter how high the score or income gets to. Once a crap card always a crap card with capital one I guess. 

Reminds me of when Amex credit writers told me I could spend as much as I can show I can afford. I said a million dollars? They said if you can show you can afford to pay it back, sure. 

[SPChaser]

Agreed. Amex, with an improved profile, you definitely can be rewarded for that; however, the problem comes, especially as DW found out, you have to wait till their internal numbers reflect your improved credit profile, which can take months. 

[Brian_Earl_Spilner]

It goes a little deeper than that. If you went from 500 to 1MM spend you would be put into financial review. All your accounts would be frozen until you satisfy their requirements. 

[SPChaser]

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@Brian_Earl_Spilner wrote:

It goes a little deeper than that. If you went from 500 to 1MM spend you would be put into financial review. All your accounts would be frozen until you satisfy their requirements. 

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Oh for sure, that's going to certainly happened. Amex would be searching for them bags of laundered money 

[Remedios]

Also, before we get into idolizing and idealizing, let's remember that some of Amex $500/$1000 cards do not grow for some when acquired during times when credit report wasn't that good.

A new card may be approved with decent limit and it will grow, but "old" one might be forever stuck. 

Also, get a brand new late and see who's first to CLD/Close, same with utilization.

Amex is by far most reactive and fastest to react given how data driven they are, and they usually get it right before anyone else does.  When Amex starts looking away and pinching their nose, stuff 'bout to happen with those profiles.  

When Amex is your BFF, they are a good BFF to have. 

[UncleB]

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@Remedios wrote:

Also, before we get into idolizing and idealizing, let's remember that some of Amex $500/$1000 cards for not grow for some when acquired during times when credit report wasn't that good.

A new card may be approved with decent limit and it will grow, but "old" one might be forever stuck. 

Also, get a brand new late and see who's first to CLD/Close, same with utilization.

Amex is by far most reactive and fastest to react given how data driven they are, and they usually get it right before anyone else does.  When Amex starts looking away and pinching their nose, stuff 'bout to happen with those profiles.  

When Amex is your BFF, they are a good BFF to have. 

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Oh yes... Amex giveth, and Amex taketh away, LOL.

It seems like those who are patient and take it slow with Amex tend to do OK.  Those who come out of the gate swinging for the fences sometimes get tripped up, and just like @Remedios mentioned they can get squirrelly over things that don't bother other lenders. 

In the last five years, the only AA (adverse action) I've had was actually with Amex.  Several years ago I did an app apree (yeah, I know) and my scores dipped into the 750s, which triggered an APR increase on my Everyday card; none of my other lenders even blinked.  Not the worst outcome, but it reminded me that they keep a close watch on things.

[Anonymous]

@purebulldogs  Yes, I will always remain a loyal customer. The American Express prestige is unparalleled.

[Adkins]

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@Remedios wrote:

Also, before we get into idolizing and idealizing, let's remember that some of Amex $500/$1000 cards for not grow for some when acquired during times when credit report wasn't that good.

A new card may be approved with decent limit and it will grow, but "old" one might be forever stuck. 

Also, get a brand new late and see who's first to CLD/Close, same with utilization.

Amex is by far most reactive and fastest to react given how data driven they are, and they usually get it right before anyone else does.  When Amex starts looking away and pinching their nose, stuff 'bout to happen with those profiles.  

When Amex is your BFF, they are a good BFF to have. 

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This is me. Now that my lates have aged off, Amex still won't give me a CLI. I wanted Amex to be my BFF but nope. Let's not even get into the Amex Gold fiasco every time I reached 2K spend per month.... 🙄  Amex is great for some, but not everyone.  (Which is the case with every lender.)

[Anonymous]

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@Anonymous wrote:

@purebulldogs  Yes, I will always remain a loyal customer. The American Express prestige is unparalleled.

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Or, depending on your view, pratically non-existent!   Anyone with a semi-reasonable credit score can get an Amex charge card.   Yes, for many the charging power won't be that great, but they can still hand it to a waiter in a non-dive restaurant.   Anyone in retail can see a huge number of these cards, and the idea of "prestige" goes away quickly.

[Jnbmom]

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@Anonymous wrote:

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@Anonymous wrote:

@purebulldogs  Yes, I will always remain a loyal customer. The American Express prestige is unparalleled.

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Or, depending on your view, pratically non-existent!   Anyone with a semi-reasonable credit score can get an Amex charge card.   Yes, for many the charging power won't be that great, but they can still hand it to a waiter in a non-dive restaurant.   Anyone in retail can see a huge number of these cards, and the idea of "prestige" goes away quickly.

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Agree 💯 Amex is nowhere near where they used to be . Their charge cards are very attainable including the "platinum " which back in the day was one of those cards , today not so much .