- Centurion Member
- Posts: 321
- Joined: Mon Jan 02, 2012 1:21 am
- Location: Denver
Creditors look at how much you spend each month on your AMEX add in the rest of your expenses and then put it in a formula that says how much your discretionary income is in relation to your "reported" annual income, from all sources.
If you have an AMEX platinum it tells other creditors that you are a responsible customer and you are a low risk. Platinum isn't for everyone that is part of what it makes it so desirable. Why else would anyone want a prestige card?
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash
American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k
Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+