- Green Member
- Posts: 10
- Joined: Thu Oct 21, 2010 12:59 am
- Location: Miami
Alright, I got some news. As I already mentioned I did get approved instantly for the Amex Gold 321 Rewards Card. The very first day I put almost $1000.- on the card (about $600.- went towards a hotel reservation, the rest towards some small stuff). When the first statement period ended, I put another $1200.- on the card. That totals up to $2200.-. I already PIF the first statement. Hence it shouldn't be such a problem to keep this spending ability. I assume it also has to do with my income (120k). THEY WANT ME to spend at least 3k a month. Because if I spend 30k a year I get the additional 15000 points for my rewards. I don't think I will spend that much money on that card, but it's good to know that I could.
By the way, Amex has "check your spending ability" button. I think it's great if you can check your spending ability first before you go into a store and might have an embarrassing moment because your payment doesn't get approved. I really like that one.
Now comes the even better part. I received a letter from Discover to call an 800 number for further processing. I talked to a very nice woman who basically just verified all the information that I already made on my online application. Well, I was actually already approved. They just wanted to verify my info and that it wasn't some kind of phony application. Even though the limit is only $1000 she told me since I do have a very good payment history on the other accounts I should be able to get a limit increase after 6 months. Let's see what happens.
I also called BofA to have my secured Visa turned into an unsecured. The Lady there told me that she can't do that right now. I'd have to wait another 3 to 6 month and then it shouldn't be a problem.
So, I'm really happy, I got what I wanted. I keep using the Visa, MC and Discover for the small purchases and PIF every month. The Amex I use for the large amounts i spend. That way I keep everybody happy.
Thanks for the help.
PS: That charge-off from 2006 is actually a public record. I assume it came from a CA that bought that debt. Now guess what, I just had another CA pull my record (hard inquiry) last week. I'm curious to see what I'll get from them in my mail the next couple of weeks. I might just call 'em up and tell them that they've bought a bad debt. If they don't want to give in I'll try to settle for a small amount.