Author Topic: Starwood AMEX Master Thread  (Read 686053 times)

Offline Shmulyg

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Re: Starwood AMEX
« Reply #380 on: May 22, 2013, 07:53:34 PM »
have I ever tried ? -1 just did I 2 night ago 1 was auto canceled
So?...

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Re: Starwood AMEX
« Reply #381 on: May 22, 2013, 07:55:35 PM »
So?...
so i came to the conclusion ( confirmed ) that a 3bm doesn't work

Offline listen2learn

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Re: Starwood AMEX
« Reply #382 on: May 22, 2013, 08:05:03 PM »
Not sure about an F/R, but 60k income with 100k CL makes you susceptible to a Chase A/A.

Thanks Shumlyg, great information.

I was wondering because I am 23, 4 years of working history, a CL of 48k, and a utilization of $3-$5k max but never extending past statement closing dates. However, I am starting to think that if I keep consolidating cards I would have to much credit, is this a valid concern?

Offline bem684

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Re: Starwood AMEX
« Reply #383 on: May 22, 2013, 08:08:16 PM »
Thanks Shumlyg, great information.

I was wondering because I am 23, 4 years of working history, a CL of 48k, and a utilization of $3-$5k max but never extending past statement closing dates. However, I am starting to think that if I keep consolidating cards I would have to much credit, is this a valid concern?

In my experience, they will stop giving you credit at some point unless you report more income.  I hit the cap like 1.5 years ago and I just shuffle around whatever credit I have when I close/open cards.  Although I started a new job with a higher salary so maybe I can get some new credit now hehe...

Offline Shmulyg

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Re: Starwood AMEX
« Reply #384 on: May 22, 2013, 08:08:26 PM »
Thanks Shumlyg, great information.

I was wondering because I am 23, 4 years of working history, a CL of 48k, and a utilization of $3-$5k max but never extending past statement closing dates. However, I am starting to think that if I keep consolidating cards I would have to much credit, is this a valid concern?
It all depends on what you report to Chase as your annual income.

Offline listen2learn

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Re: Starwood AMEX
« Reply #385 on: May 22, 2013, 08:11:51 PM »
It all depends on what you report to Chase as your annual income.

I have been reporting $40k to all banks. Is Chase more harsh then Amex on Financial Reviews?







Offline Shmulyg

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Re: Starwood AMEX
« Reply #386 on: May 22, 2013, 08:13:23 PM »
so i came to the conclusion ( confirmed ) that a 3bm doesn't work
::) ::) ::)

Offline Shmulyg

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Re: Starwood AMEX
« Reply #387 on: May 22, 2013, 08:15:31 PM »
I have been reporting $40k to all banks. Is Chase more harsh then Amex on Financial Reviews?
A high CL to income ratio is not a reported FR trigger, AFAIK.

Offline listen2learn

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Re: Starwood AMEX
« Reply #388 on: May 22, 2013, 08:30:31 PM »
In my experience, they will stop giving you credit at some point unless you report more income.  I hit the cap like 1.5 years ago and I just shuffle around whatever credit I have when I close/open cards.  Although I started a new job with a higher salary so maybe I can get some new credit now hehe...

A high CL to income ratio is not a reported FR trigger, AFAIK.

Nice! Thanks for all the info!

Online Zevwolf

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Re: Starwood AMEX
« Reply #389 on: May 22, 2013, 08:32:57 PM »
Does chase look at other credit lines that i have with other banks?

Offline Shmulyg

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Re: Starwood AMEX
« Reply #390 on: May 22, 2013, 08:36:33 PM »
Does chase look at other credit lines that i have with other banks?
Yes.

Online Zevwolf

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Re: Starwood AMEX
« Reply #391 on: May 22, 2013, 09:15:18 PM »
What the ratio that is permitted?

Offline Shmulyg

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Re: Starwood AMEX
« Reply #392 on: May 22, 2013, 09:32:54 PM »
What the ratio that is permitted?
Don't have exact numbers. And it's only a possible trigger. Nothing's for sure.

Offline listen2learn

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Re: Starwood AMEX
« Reply #393 on: May 22, 2013, 09:44:36 PM »
So I am going to sign up for the Spg business. I was wondering if instead of closing my consumer spg (To hopefully be able to sign up for it again soon) if I can upgrade it to a higher card that's beneficial for me for hotels. Or simply close it and work to up the spg business in the future to say platinum for the hotel benefits.

Offline Shmulyg

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Re: Starwood AMEX
« Reply #394 on: May 22, 2013, 09:46:40 PM »
So I am going to sign up for the Spg business. I was wondering if instead of closing my consumer spg (To hopefully be able to sign up for it again soon) if I can upgrade it to a higher card that's beneficial for me for hotels. Or simply close it and work to up the spg business in the future to say platinum for the hotel benefits.
I don't think you can upgrade an SPG to a Plat.

Offline listen2learn

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Re: Starwood AMEX
« Reply #395 on: May 22, 2013, 10:02:37 PM »
I don't think you can upgrade an SPG to a Plat.

Do you know of any upgrades I could do?

Offline judahk88

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Re: Starwood AMEX
« Reply #396 on: May 22, 2013, 10:05:07 PM »
Do you know of any upgrades I could do?
There is no reason to upgrade a Starwood card

Offline listen2learn

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Re: Starwood AMEX
« Reply #397 on: May 22, 2013, 10:31:56 PM »
There is no reason to upgrade a Starwood card

Cool

So best option for me to churn my spg consumer is to close it.

Awesome thanks.


Offline Shmulyg

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Re: Starwood AMEX
« Reply #398 on: May 22, 2013, 10:43:52 PM »
Cool

So best option for me to churn my spg consumer is to close it.

Awesome thanks.
I see you really do listen2learn :)

Offline listen2learn

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Re: Starwood AMEX
« Reply #399 on: May 22, 2013, 10:57:55 PM »
I see you really do listen2learn :)

Hahah thanks, sometimes my curiosity gets the best of me so I made a username to remember to keep in check.