Yesterday I received a pre-qualified for person loan from Amex Centurion Bank;Fixed 14.99% APR,no application fee ,choose to pay it off over 12 to 36 months and loan amount from $5,000 to$ 10,000 .One of the terms is "final loan approval is subject to verification that your ounstanding debt payments ,including this loan,do not exceed 75% of your income".In March I got Amex BT checks for my Amex account and those checks came with line increases if I transfer BT from other cards ,dollar for dollar up to max $10,000 increase.My income is at high 30K but I do have a additional card for family member.It seems Amex really wants to increase their loan profile.
Amex is becoming more and more aggressive with their loans to both businesses and individuals. If I use all my available credit with them, I could go close to $200,000. www.creditsense.com
Is their loan subject to an early-payment penalty fee? Also, Amex Centurion Bank now offers a line of credit w/ only 10.49% APR: http://www42.americanexpress.com/products/linesofcredit.jsp Saar
