nole1977

5 Contributions 99 People Helped

Member Since: June 2009

Most Helpful Contribution

Starwood Preferred Guest® Credit Card from American Express

Oct 30, 2017
Perfect for frequent SPG/Marriott guests
Helpful to 72 out of 77 people

I applied for this card in January 2015 right after our mortgage began reporting. My Experian FICO was 672, so I was surprised that they approved me with a credit line of $7,500. I'm not sure if my SPG Gold status played into their decision, but I was SPG elite for 5 years before applying.

There are numerous perks to this card--enough to warrant its fit with the first annual fee waived--especially now that there are many more opportunities to earn Starpoints through Marriott stays. I used points to pay for one week in a W Marvelous Suite, which is way more than the $95 annual fee.

With responsible use comes credit line increases. This is our primary spend card and it was a breeze getting the business version of this card with instant approval.

Activity (5 Total Contributions)

Starwood Preferred Guest® Credit Card from American Express

Oct 30, 2017
Perfect for frequent SPG/Marriott guests
Helpful to 72 out of 77 people

I applied for this card in January 2015 right after our mortgage began reporting. My Experian FICO was 672, so I was surprised that they approved me with a credit line of $7,500. I'm not sure if my SPG Gold status played into their decision, but I was SPG elite for 5 years before applying.

There are numerous perks to this card--enough to warrant its fit with the first annual fee waived--especially now that there are many more opportunities to earn Starpoints through Marriott stays. I used points to pay for one week in a W Marvelous Suite, which is way more than the $95 annual fee.

With responsible use comes credit line increases. This is our primary spend card and it was a breeze getting the business version of this card with instant approval.

American Express® Business Gold Card

Oct 28, 2017
BGR: For legit business owners
Helpful to 20 out of 23 people

Generous sign-up bonus. Exclusive perks. No pre-set spending limit. Outstanding customer service. This card is a great business card for those who don't need the perks of the Platinum. Savvy business owners should be aware of the terms and conditions of this card. If you want to carry balances, this card is not for you. If you want to try to game the system, this is not for you. Remember that this is a business charge card, and cardmembers are held to different standards than those for personal cards. Use this card as intended, plan a strategy for maximum points, and reap the benefits of a seasoned relationship with AmEx.

American Express® Gold Card

Oct 28, 2017
Helpful to 4 out of 4 people

This story doesn't add up. You waited 8 months for points to post, but didn't escalate the matter? Why didn't you contact the CFPB since AmEx would be in breach of agreement? It sounds like there's more to this story--such as gaming the system--that isn't revealed here.

American Express® Gold Card

Oct 28, 2017
Helpful to 2 out of 3 people

Yeah, this sounds more like a disgruntled cardmember not knowing the terms and conditions of the product as well as how lenders identify and mitigate risk.

Simply "after all [y]our years of on time payments and accolades" means nothing when starting another risky venture, which is starting a second business. No pre-set spending limit does not mean AmEx, who owns the card, cannot protect itself when it determines potential for default.

Your personal finances and business finances are different. Good luck switching to Chase--they're even more conservative and restrictive than AMEX, and that's saying a lot.

American Express® Gold Card

Oct 28, 2017
Helpful to 1 out of 2 people

There should be no problems with a financial review so long as all information provided to AmEx when applying for a new account or credit line increase is accurate. Why did they initiate a financial review? What were your transactions like? Something in your credit history was deemed high risk, and AmEx, as the owner of that card, can do what they want to mitigate their risk.