This is first personal Amex and my first post! I have been reading some of the posts and find them to be very insightful! I was approved yesterday for the Amex SPG credit card. To my shock, my credit line is only $1,000! I even told the customer service rep that the initial credit line for my other credit cards when I applied was $1,000's higher!
My question is this: The Starwood credit card
has a promotion to earn up to 30,000 starpoints (10,000 immediately after the first purchase) and then 20,000 on $4,500 spent in the first 3 months of having the card. My quandary and fear is that even if I max the card and zero it out every month I will not make the $4,500 mark (on the card) in time to get the additional 20,000 points. The rep on the phone told me to request a credit line increase in 60 days of having the card. So now I feel I have two options and I would love some insight from all of you please:
1. Use my card for up to $1,000 by mid-month. Zero out the balance and then use it for another $1,000 till the end of the month. This should get me about $2,000 / mo. And at that rate I should hit $4,500 in no time (all of course if this is possible and those points even count!)
2. Use my card and rack up $2,000 total for 60 days and then request an increase and hopefully charge $2,500-$3,000 in the 3rd month to get the $4,500 + threshold.
3. Speak to a customer rep and see if they can extend the 3 month threshold if options 1 & 2 fail or are not viable.
4. Get suggestions from you all and execute
Please let me know what you all think. I am new to the Amex Personal Cr. card world and as I told the rep, my ultimate goal is the Platinum card and/or in some distant dreams the Centurion!
- we can all dream....
Thank you for your help!