@LS2982 wrote:
How many of these types threads are we going to have??
If you don't like AMEX don't get one, don't knock the people that enjoy their cards.
+1. Yawn.
http://ficoforums.myfico.com/t5/Credit-Cards/Amex-Rant/m-p/1898425/highlight/true#M527054
http://ficoforums.myfico.com/t5/Credit-Cards/Why-we-need-Amex/m-p/1850599/highlight/true#M514949
And on, and on, and on.
Starting Score: ~500 (12/01/2008)
@jamesdwi wrote:Yes backdating still works if you have closed all your AMEX cards, usually if its still on credit report its easy to get it backdated, if its older than that it can be more work and hassle but always worth it... for the backdating goodness. If its prehistoric like a card from the 1970's or 80's its YMMV. ;-) yeah i had a AMEX card while i was in elementary school, I wish.. ;-)
Mine says, 1974, what does that say about me
For me, finally getting an Amex was like a big conquest!! Now that I have it... I am like whatever. I have never had so much anxiety over a creditor. People talking about don't spend it there, never revolve a balance, don't click on the spender button, don't log on too often, etc. I don't know if any of it is true, but I definitely feel panicky on their site.
I am not very impressed with Amex. When I first requested the 3x cli at 62 days, the guy actually congratulated me, said my new limit was $6000, and told me to keep using it how I have been. When the CLI never updated I called back and they didn't see the request. They were supposed to look into it, but no one ever got back to me. I requested again 90 days later and was declined because income relative to other debt. My utility was like 7% and I think I had maybe $2500 in revolving debt. So who knows. Others have had great luck, but for me I just feel stuck..like it will never grow.
100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
@cashnocredit wrote:"What's with the AMEX Obsession?What's with the AMEX Obsession?"
Never had any of the mentioned problems but I love three things
1. Ability to charge really large amounts (ie: over 50k phone purchase 1 year after getting the card)
2. Ability to report AU spending seperately and set monthly spend limits on individual AUs.
3. Airport lounges.
You bought a $50k phone? If you need another, I'll sell you one of mine for only $30k, and I'll accept any credit card you like...
