Note to those approved for Amex LOC

Discussion in 'Credit Talk' started by Saar, Sep 17, 2001.

  1. Saar

    Saar Banned

    Re: Note to those approved for Amex

    That must be why you were approved for the maximum LOC :p


    Saar
     
  2. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    Good for you!! But don't thank me, thank Saar!
     
  3. eddie

    eddie Well-Known Member

    Re: Note to those approved for Amex

    Can someone explain why these guys will approve me for 40k in loc but will not give me any kind of card, charge or credit.
     
  4. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    They won't give me an Optima card either - Actually, I don't even want the Optima card anymore :)

    I have Blue, but my limit is only 2500.
     
  5. Cadillac408

    Cadillac408 Well-Known Member

    Re: Note to those approved for Amex

    So what does everyone plan to do with this LOC?
     
  6. molly

    molly Well-Known Member

    Re: Note to those approved for Amex

    I have only applied for a green card and that was last February. I just wanted to see if I would get approved. Prime + 5.99
     
  7. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    What I will do with it depends on if the accounts are reported to the CRAs - which nobody seems to know...
     
  8. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    Most likely to pay off a card at the end of a balance transfer rate. Then get a new bt rate and transfer the money back.

    I didn't really need 3 LOC, but I was curious what would happen a third time.
     
  9. eddie

    eddie Well-Known Member

    Re: Note to those approved for Amex

    This will give me a lot more room to park balances and insure all ratios stay under 50%.
     
  10. eddie

    eddie Well-Known Member

    Re: Note to those approved for Amex

    Has anyone actually accessed their line yet? Do you have to wait for the welcome kit or can it be accessed online?
     
  11. GEORGE

    GEORGE Well-Known Member

    Re: Note to those approved for Amex

    SAID YOU CAN USE "OTHER" INCOME LIKE HOUSEHOLD INCOME...
     
  12. Saar

    Saar Banned

    Re: Note to those approved for Amex

    It said other personal income...

    But hey, I'm not complaining LOL


    Saar
     
  13. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    eddie, you have to wait for the checks... There is no online check writing...
     
  14. Saar

    Saar Banned

    Re: Note to those approved for Amex

    I wonder if one can move money to/from the LOC account by using ACH transactions (such as Yahoo Funds Transfer).


    Saar
     
  15. Saar

    Saar Banned

    Re: Note to those approved for Amex

    "The Other":

    3rd approval here too, but being a student, mine are only $5k each. I sure hope they combine. If so, 2 more applications, and I can reach their max LOC :)


    Saar
     
  16. the other

    the other Well-Known Member

    Re: Note to those approved for Amex

    Saar,

    I called earlier to see if I could combine my two that are 20k, and I was told no because it would exceed 25k which is the max. So I'm pretty sure they will combine them for you.

    If you use the phone automated system, you can get the full account numbers.

    Go for it!
     
  17. leo728

    leo728 Well-Known Member

    Re: Note to those approved for Amex

    thanks saar and theother.... seems I have been approved for $8000 prime +5.9.


    Will reapply for another loc next month.
     
  18. Katco

    Katco Well-Known Member

    Re: Note to those approved for Amex

    Has anyone tried to combine their accounts other than Saar?
     
  19. Geo

    Geo Well-Known Member

    Re: Note to those approved for Amex

    Ok. My first approval was prime+3.99%, $8,500. The second one was prime+2.99% and
    another 8,500. They did not added any inquire for the second approval. I see only one Soft
    inquire on my Experian report.
     
  20. leo728

    leo728 Well-Known Member

    Re: Note to those approved for Amex

    have you found out yet?
     

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