American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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alsteig
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Amex Credit Limit and diversifying Credit

Postby alsteig » Mon Aug 15, 2011 12:11 am

I am 24 with 3 cards WF Platinum Visa CL 7k, Bank of America Bankamericard 14k CL, AMEX Blue Cash (Grandfathered Version) 20k CL I pay all cards in full each month. No other debts. I run 30k through the cards each year. What other things might I do to bring up my score. School loans and car have been paid in full and I am gainfully employed making 70k a year. Does anyone think a Discover card would round out my cards or not worth it. Any ideas would be appreciated. Thanks!


Meltdownblitz
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Postby Meltdownblitz » Mon Aug 15, 2011 11:05 am

alsteig wrote:I am 24 with 3 cards WF Platinum Visa CL 7k, Bank of America Bankamericard 14k CL, AMEX Blue Cash (Grandfathered Version) 20k CL I pay all cards in full each month. No other debts. I run 30k through the cards each year. What other things might I do to bring up my score. School loans and car have been paid in full and I am gainfully employed making 70k a year. Does anyone think a Discover card would round out my cards or not worth it. Any ideas would be appreciated. Thanks!


Hmm.. thats a tough decision because they aren't as generous about CLs as the ones your currently have. But definitely a great card to have.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Aug 25, 2011 1:29 am

The 3 cards you have do sound good, but I think perhaps aiming for 5 to 7 might not be a bad idea. Not all at once, but perhaps adding one per year.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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