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Author Topic: Amex cc limit  (Read 1960 times)

Offline 1avigrun

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Amex cc limit
« on: April 26, 2021, 08:57:59 AM »
Is Amex card limit back up to 5 cc?
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Offline Flavored Seltzer

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Re: Amex cc limit
« Reply #1 on: April 26, 2021, 09:04:37 AM »
Quote from: 1avigrun on April 26, 2021, 08:57:59 AM
Is Amex card limit back up to 5 cc?
Seems like it. I found this article online,  https://www.doctorofcredit.com/american-express-increases-credit-card-limit-to-5/. Didn't read through it yet.
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Offline HoKo

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Re: Amex cc limit
« Reply #2 on: July 25, 2021, 03:14:18 PM »
I currently have 5 Amex cards so I understand I will need to give up at least one of those cards in order to get approved for new ones. What's the best strategy here?

1. Proactively close one of the cards. Wait X number of days, then apply for the new card I want
2. Apply for the card I want, then call reconsideration line and offer to close an existing card in exchange for an approval

Anyone with experience here?
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Offline HoKo

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Re: Amex cc limit
« Reply #3 on: July 28, 2021, 09:19:45 AM »
Quote from: HoKo on July 25, 2021, 03:14:18 PM
I currently have 5 Amex cards so I understand I will need to give up at least one of those cards in order to get approved for new ones. What's the best strategy here?

1. Proactively close one of the cards. Wait X number of days, then apply for the new card I want
2. Apply for the card I want, then call reconsideration line and offer to close an existing card in exchange for an approval

Anyone with experience here?

Bump
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Online jew

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Re: Amex cc limit
« Reply #4 on: July 28, 2021, 09:49:39 PM »
I think either works. I personally prefer to first apply for new one. One reason being that they might deny you for another reason, and then you closed card for no reason..
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Offline HoKo

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Re: Amex cc limit
« Reply #5 on: August 02, 2021, 09:43:48 AM »
Quote from: jew on July 28, 2021, 09:49:39 PM
I think either works. I personally prefer to first apply for new one. One reason being that they might deny you for another reason, and then you closed card for no reason..

Yep, that's what I was thinking as well. The only downside I can think of is that it means there is no chance of getting an auto-approval, and will require speaking to someone
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Online S209

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Re: Amex cc limit
« Reply #6 on: August 09, 2021, 03:30:58 AM »
Quote from: HoKo on August 02, 2021, 09:43:48 AM
Yep, that's what I was thinking as well. The only downside I can think of is that it means there is no chance of getting an auto-approval, and will require speaking to someone
You should proactively close a card, IME they won’t open it anyway until the card closure processes and you’ll probably have to apply again. At least it’s usually not a hard pull.
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Online jew

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Re: Amex cc limit
« Reply #7 on: August 09, 2021, 02:47:01 PM »
I have gotten a few cards opened on the spot while on the phone as soon as they closed the old one
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Online S209

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Re: Amex cc limit
« Reply #8 on: August 09, 2021, 08:00:42 PM »
Quote from: jew on August 09, 2021, 02:47:01 PM
I have gotten a few cards opened on the spot while on the phone as soon as they closed the old one
Nice
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