Congrats on your new Amex loan, @Anonymous! 
My own experience with an Amex loan last year was great as well... I would definitely use them again! 
The only room for improvement would be to make it where you can make the payment using the Android app (you have to use the website), but this is a really small gripe - that I must look that hard to have a "complaint" speaks volumes.
I wish i knew how one qualifies for Amex. My guess is $ but would be nice to be invited to the big show
@AverageJoesCredit wrote:
I wish i knew how one qualifies for Amex. My guess is $ but would be nice to be invited to the big show
Since I don't have $$$ myself my guess is that consistent use on their cards put you on the radar... it's always a coin-toss if I'll be on their radar at any given time. ¯\_(ツ)_/¯
@UncleB wrote:
@AverageJoesCredit wrote:
I wish i knew how one qualifies for Amex. My guess is $ but would be nice to be invited to the big showSince I don't have $$$ myself my guess is that consistent use on their cards put you on the radar... it's always a coin-toss if I'll be on their radar at any given time. ¯\_(ツ)_/¯
I have no clue what really qualifies someone. When I was carrying a small-ish balance with AMEX ($2,000 on $12,000 limit with 0% interest balance transfer) I never received offers. When I carried a really small balance of like $500 with interest, I received a couple of small offers. Once I paid off all my credit cards except for one which is a 60-month 0% interest payment plan, I received higher offers, but nothing higher than $4,500. Once the personal loan from Discover posted, I received an offer slightly above the loan balance.
I think their goal is to take personal loans/debts away from other companies, but only if you look good and low risk (not being high utilization on a single account may be the deal breaker in my instance, as I had a balance I was only paying down $100/month from a balance transfer on a US Bank card from medical debt 2 years ago (it was $4,000, paid down from $9,000) while fixing up my new house... I had to pump about $20,000 into the house between down-payments and updates). This ended up putting me about $4,500 more in revolving debt than I was before buying the house, for a total of $9,000.
Moral of the story... when buying a house always have more than you think you would need (which I did), but then go above and beyond that (which I didn't). But I'm glad AMEX has opened the door for fixed payments to rid myself of the remaining high-interest debt I have.
Last year I did put about $20,000 through AMEX credit cards. I've actually stopped using them in the last couple months and switched all my spending to my Fidelity Rewards card. I'm not the type to maximize rewards on multiple cards, I like simplicity in paying bills. So I normally maximize rewards on one or two credit cards. Right now it's Fidelity and then Lowe's for the 5% off discount.
@UncleB wrote:Congrats on your new Amex loan, @Anonymous!
My own experience with an Amex loan last year was great as well... I would definitely use them again!
The only room for improvement would be to make it where you can make the payment using the Android app (you have to use the website), but this is a really small gripe - that I must look that hard to have a "complaint" speaks volumes.
I agree Uncle B. Apple's app lacks the same thing. Maybe in the future they can integrate installment loan payments from mobile pay.
