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hard/soft for lower % request AMEX

Discussion in 'Credit Talk' started by Slavic, Sep 7, 2003.

  1. Sep 7, 2003 #1
    Slavic

    Slavic Well-Known Member

    Will AMEX (Blue Cash) pull a hard or soft if requesting lower rate?

    Thanks
     
  3. Sep 7, 2003 #2
    GEORGE

    GEORGE Well-Known Member

    THERE IS NO LOGIC TO DO A "HARD" FOR AN INTEREST RATE DECREASE...BUT THEN THERE IS NO LOGIC TO NO INCREASE IN THE CREDIT LIMIT FOR 4 YEARS EITHER!!!
     
  4. Sep 7, 2003 #3
    Slavic

    Slavic Well-Known Member

    Re: hard/soft for lower % request A

    Well, logic is something I quickly learned NOT to rely on too much with credit issues. I was hoping for a reply from anyone who has experience with such requests with AMEX just to make sure they don't have an odd habit of pulling hards as opposed to soft "periodic review", or whatever it's called, on a consumer request.
     
  5. Sep 7, 2003 #4
    GEORGE

    GEORGE Well-Known Member

    Re: Re: hard/soft for lower % request A

    NEVER had a "HARD" for a reduction in my interest rate...

    BUT I am still waiting for my 8.99% to be reduced to 7.99% (BLUE)...I'm NOT gonna' hold my breath...
     
  6. Sep 7, 2003 #5
    GEORGE

    GEORGE Well-Known Member

    Re: Re: hard/soft for lower % request A

    Last time I called about the BLUE 7.99%...I WAS TOLD TO "APPLY" FOR IT!!!

    I DON'T THINK SO!!!
     
  7. Sep 7, 2003 #6
    Slavic

    Slavic Well-Known Member

    Re: Re: Re: hard/soft for lower % r

    Good. That sounds like a round of requests for lower rates from existing creditors is a way to go before a round of applications for new cards. A family member has 11+ with AMEX and a recent jump from high 600s to over 720 due to paying off CC balances including paying off AMEX in full, so there's room for improvement.
     

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