Poking the bear

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
mdl28
Centurion Member
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Posts: 211
Joined: Thu Mar 21, 2013 10:18 pm
Location: TX

Postby mdl28 » Tue Aug 06, 2013 12:08 pm

Financial Review
MDL

Amex Gold Prem'r
Amex BCP
Amex Green
Barclays Ring Platinum MasterCard
Citi Diamond Pref'd
Chase Sapphire Pref'd Visa Signature
Chase Freedom MasterCard
Discover It
New York Life Visa Signature


craigm1
Centurion Member
Centurion Member
 
Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

Postby craigm1 » Tue Aug 06, 2013 12:12 pm

oh geez kick me when I'm down
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

MemberSince99
Centurion Member
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Tue Aug 06, 2013 12:23 pm

At first glance Amex appears kind of unfathomable. But in watching them I believe there is a method to the madness and it's not random weirdness, it's a business strategy.

They know they have no legal way to compel you to pay anymore - statute is LONG up on the debt. However, by letting you back in, they are still getting your business, and at the appropriate time and place they can drop it in front of you that paying your charge off would serve your interest to maintain the relationship with them. I am guessing they do a cost/benefit analysis and decide who they want to let back in (some don't after 25 years from what I've read) and then at what point do they remind you of the charge off with gentle hints that paying it would make things easier for you. If you pay it, great, it's money they wrote off long ago recouped, and if not, they are still making money off you in the meantime, and still have some leverage to try to persuade you to pay up.

That's what I'm seeing.

So I don't think you have to worry about your current card, they aren't going to close it on you if you don't pay. They just won't give you SPG right now, and who knows what in the future. You have to decide if it's worth it to you to pay them off or not. I guess do the same cost/benefit analysis they did when considering you.

craigm1
Centurion Member
Centurion Member
 
Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

Postby craigm1 » Tue Aug 06, 2013 12:32 pm

membersince99 that makes alot of sense. Thanks for the input!!!!!!!
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

craigm1
Centurion Member
Centurion Member
 
Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

Postby craigm1 » Tue Aug 06, 2013 12:58 pm

Do you think it's worth me trying for a reconsideration and having some of my blue cash line of credit moved to an spg card if i could get them to reconsider??? or leave well enough alone

craig
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Tue Aug 06, 2013 8:13 pm

The bonus is good enough right now, you might as well. It can't hurt to ask. I don't understand how they're willing to give you such a large line of credit, but not a 2nd card. You'd think if they really wanted you to pay them back, they'd keep you locked down to 5 or 10K. It's odd because they're doing the opposite to 99, who can get a new card, but not a CLI. Weird.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

craigm1
Centurion Member
Centurion Member
 
Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

spg

Postby craigm1 » Tue Aug 06, 2013 8:21 pm

I called the new account line and pleaded my case. They said I should try and apply again in 30 days, I guess when the offer ends. Didn't sound like great advice in the end I did an app with my wife as main me as the authorized user they gave her a 2k limit. I have been here before so I will max this sucker out till day 61 and go for a limit increase at least my foot is in the door, most of our spending is at supermarkets and gas stations I have the blue cash original I just figured instead of getting just 1 % on the rest of the spending maybe $1500-2000 a month I would get the spg and get something for my other spending planning a trip to orlando fl next year plenty of hotels down there. I also have a lot of bill pays tied to my blue cash that I will move over about 1k a month. I even told the new account dept I was ok with a lower limit on the blue cash in exchange for spg, wouldn't budge.

craig
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Tue Aug 06, 2013 8:58 pm

Either that means they don't know what else to tell you and just suggest oh you lost here try again and see if the results change, OR time will eventually wipe it away, OR both.

Not sure what the answer is there. The reps don't seem very knowledgable at all about situations like this.

In my case I'd pay them back but I can't even find out how to - I used the collections number for charged off accounts they have in the "backdoor numbers" (that would get one of my co-workers excited) on the FICO forum and every time I call no matter what time it is, it says they are closed and to call back during business hours. Too bad they don't tell you what those hours are, I sure can't manage to call then.

So I can't even figure out how to pay them back, guess I'll just let it ride and see what happens. Kind of strange when you can't even pay them but whatever I guess. They are different, that's for sure, sometimes it's good and sometimes it's weird.

craigm1
Centurion Member
Centurion Member
 
Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

Postby craigm1 » Thu Aug 15, 2013 9:18 pm

The saga continues so I get a letter in the mail the day after my wife get's her SPG card and it says because I had a card canceled by Amex in the past, a nice way of saying in a bankruptcy that they won't issue me a card, even as an authorized user . I call up and go to a main operator and not new accounts and they say that they will have a SPG card sent to me overnight sorry for the confusion this was Tues. I call today when I don't have my card and they tell me a card is not being sent because I have a canceled card by them. I tell them I have had a card for 5 years and have spent over 150k with no late payments or interest. He says I must have a corporate card and I go oh yeah and hang up the phone. I wonder how the hell I have a blue cash +with a 34k limit and it came from a solicitation from them in 2008 on the amex website it says I'm preapproved for a gold and green card and a few months ago I had a platinum pre approval. Has anybody else had this experience or know anybody that has???

craigm
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Aug 16, 2013 6:36 am

Now you know what I went through last year with them.

I had 3 cards then (Zync, Gold and BCP) and app'd for Platinum and that was what seemed to re-awaken them to the fact I had a charge off with them. I could never get a straight answer on anything much like you are now, probably because a lot of the CSRs have no clue how Amex operates (and the rest of us have even less).

I would say about all you can do, other than pay them off to get back in their good graces is let time help. They will probably always remind you in some way you burned them unless/until you pay them off, but maybe give it time and that will change. With Amex you just never know, it's the "Magic 8 ball" of the credit world - the answer today may not be the answer tomorrow. It just depends and not even Amex knows.

By the way do you happen to have the number you used to call them about the charge off? I tried calling their supposed collection line and it's always "closed" so I have no clue how to get ahold of them. I might just pay them off and be done with it I'm tired of being reminded how I burned them. If I do that and they still remind me, then they can go to hell and I'm done with them. I can understand it if you burned them but if you paid that should be the end of it. So if you have that would you please post here or PM me with it I'd like to just get rid of that.



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