Strategy to obtain US Amex

[blacksultan]

If I were in your situation, given your recent account closures, I would cool it on Chase for at least 90 days. But there's no hard and fast rules. Really a question of risk tolerance. I know someone who opened a new card after getting their shutdown reversed and has been going okay, albeit at a slow spending pace.

If you are primarily interested in a 0% APR, consider an Amex BBP.

I got a message from Amex that the CL on my everyday will be reduced by $1000 as I have not used it for more then 12 months , too many enquiries in 12 months , FICO score dropped to 712 and high balance to limits on some accounts .is that normal ?

 

[pyramidforce]

At least you know what your FICO score is now!

I don't have personal experience, but I have definitely seen others saying that in the US your CL will get reduced if you don't use your card.

 

[levelnine]

I got a message from Amex that the CL on my everyday will be reduced by $1000 as I have not used it for more then 12 months , too many enquiries in 12 months , FICO score dropped to 712 and high balance to limits on some accounts .is that normal ?

Most credit providers do periodic soft pulls to make sure you aren't engaging in behaviour that is deemed suspicious (eg racking up lots of inquiries or new lines of credit). I wouldn't worry too much about it though. Good to use a card once every 12 months to keep it alive.

 

[DC3]

Most credit providers do periodic soft pulls to make sure you aren't engaging in behaviour that is deemed suspicious (eg racking up lots of inquiries or new lines of credit). I wouldn't worry too much about it though. Good to use a card once every 12 months to keep it alive.

Yes, certainly not worth throwing the cards into the sock drawer. At least put some small amounts on.