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10/2007 = CL is $2400
12/2007 - CL is $5000
05/2008 = CL is $15000
12/2008 = cl is $25000.
If Amex stays calm after my morgage reports, I think to get Amex HHonors. I thought to get charge card, but I am allergic to AF.
It's my primary card, and I PIF every month. I love them because they PAY ME to choose their card over others, not the other way around:
@haulingthescoreup wrote:
Watchmann, I am assuming that the "deadwood" to which you are referring is the collection of the redundant revolving credit card lines, and not the people who have joined during this period?
Because if you're calling people deadwood, this post is about to go bye-bye.
It is both. AMEX made a lot of boneheaded decisions with cards and programs that were not well thought out, like offering a card for 'pre-affluent' people (that's their terminology, not mine), or engaged couples, or cards for people in particular cities. But they also extended credit to customers who really shouldn't have been given credit to begin with, or at least the amount of credit they were offered. They are not alone, the whole credit industry extended a lot of credit to people that should not have gotten it. That is an undisputed fact, and a large reason why we are in the situation we are in. AMEX, and the whole credit industry, are reducing their exposure to this toxic stuff. They are cutting people loose. Yes, they are cutting the deadwood accounts from their portfolio. I'm not sure why that is considered an offensive statement.
Funny how a thread that started as a positive for AMEX now has turned to more AMEX bashing.
Watchmann wrote:
@haulingthescoreup wrote:
Watchmann, I am assuming that the "deadwood" to which you are referring is the collection of the redundant revolving credit card lines, and not the people who have joined during this period?
Because if you're calling people deadwood, this post is about to go bye-bye.It is both. AMEX made a lot of boneheaded decisions with cards and programs that were not well thought out, like offering a card for 'pre-affluent' people (that's their terminology, not mine), or engaged couples, or cards for people in particular cities. But they also extended credit to customers who really shouldn't have been given credit to begin with, or at least the amount of credit they were offered. They are not alone, the whole credit industry extended a lot of credit to people that should not have gotten it. That is an undisputed fact, and a large reason why we are in the situation we are in. AMEX, and the whole credit industry, are reducing their exposure to this toxic stuff. They are cutting people loose. Yes, they are cutting the deadwood accounts from their portfolio. I'm not sure why that is considered an offensive statement
@MidnightVoice wrote:
I like Amex
+1
Yes, they raised the APR on my blue card, but the balance is PIF. My CLs with my blue and clear are intact. Still love my green card.
And, I will be on vacation in Europe next week. If I run into trouble, Amex will be the first CC company I call.