- Green Member
- Posts: 4
- Joined: Thu Mar 01, 2012 5:45 pm
- Location: South Florida
There are MANY factors that weigh in on approvals/upgrades. I can call and upgrade/downgrade pretty much as I please, but I also spend $300k/year on my AMEX. (I have a business and put all the expenses on it).
I have also been screwed by AMEX, when I was younger, I had a $7500 card with $7200 charged to it. To increase my credit score, I paid it all off. I NEVER had a bad payment and really no negative credit. I simply had a lower score because I had maxed out all my available credit. The next day they decreased my limit to $1000. Well, now I'm virtually maxed out on all my credit again, instead of having that $7500 unused, I now had $1000 and looked overextended instantly. I called to have that reversed, they did a reconsideration and denied me for, yes, overextending my credit based on my credit score - you know, the problem they just caused.
Moral of the story? AMEX are just as scummy as anyone else when it comes to your credit and their limits. If you are in a position where you don't have a lot, don't get too carried away with it. But I would suggest it never hurts to just go after the card you want, worst case scenario they decline you, who cares.