"Instant Approval And Nice CL"
One from American Express® Review
Written by: cce on 2010-02-20
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
cce's review: 
I applied 2-1/2 years ago before the credit freeze, and I was shocked to receive an instant $25K spending limit. This was shown as "no preset spending limit", but I think everything is preset in some way with amex.
I had a FICO of around 750 at the time with a very low utilization ratio.
The online management options is superb and rewards are awesome. A great way to save! So far to my surprise, AMEX has not reduced my available authorized credit.
I applied 2-1/2 years ago before the credit freeze, and I was shocked to receive an instant $25K spending limit. This was shown as "no preset spending limit", but I think everything is preset in some way with amex.I had a FICO of around 750 at the time with a very low utilization ratio.
The online management options is superb and rewards are awesome. A great way to save! So far to my surprise, AMEX has not reduced my available authorized credit.
6 Comments
Comment 1 by meya
Re: Instant Approval And Nice CL 
on 2010-02-21
Way to go! Glad to hear that Amex has not reduced or eliminated your credit line that you currently have with them, but I would still keep my eyes open because I have heard plenty of bad news from members who had outstanding relationship with them.
on 2010-02-21 Way to go! Glad to hear that Amex has not reduced or eliminated your credit line that you currently have with them, but I would still keep my eyes open because I have heard plenty of bad news from members who had outstanding relationship with them.
Comment 2 by colonative
Re: Instant Approval And Nice CL on 2010-02-21
I know, I thought they had stopped issuing these cards. When they discontinued the IN: NYC, IN: Chicago and IN: LA cards the cardholders were re-issued a Blue.
I always liked the design of this card and I wish they would use it for Blue. I hate the Blue card design. Credit cards should not be see-through.
on 2010-02-21 I know, I thought they had stopped issuing these cards. When they discontinued the IN: NYC, IN: Chicago and IN: LA cards the cardholders were re-issued a Blue.I always liked the design of this card and I wish they would use it for Blue. I hate the Blue card design. Credit cards should not be see-through.
Comment 3 by cce
Re: Instant Approval And Nice CL on 2010-02-21
So far, they let me keep this card and nothing has changed. All of the pages from the American Express website only chatters about the card, and brags about the benefits it offers. No application as far as I know. Kind of like "look at me, but you can only look" LOL.
on 2010-02-21 So far, they let me keep this card and nothing has changed. All of the pages from the American Express website only chatters about the card, and brags about the benefits it offers. No application as far as I know. Kind of like "look at me, but you can only look" LOL.
Comment 4 by hjm331
Re: Instant Approval And Nice CL on 2010-02-23
I remember reading about this card about a year ago and if I remember correctly, the 1% you earn on purchases is transferring to a savings account. I thought that was a pretty cool yet useful benefit of having the card.
on 2010-02-23 I remember reading about this card about a year ago and if I remember correctly, the 1% you earn on purchases is transferring to a savings account. I thought that was a pretty cool yet useful benefit of having the card.
Comment 6 by cce
Re: Instant Approval And Nice CL on 2010-08-16
Hjm, it's the easiest way for me to save. I have almost 2,000 in there from rewards and it draws interest. Money market rates I believe.
on 2010-08-16 Hjm, it's the easiest way for me to save. I have almost 2,000 in there from rewards and it draws interest. Money market rates I believe.
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Disclaimer: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. Review content is powered by Finance Globe.
