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Forums Payment cards American Express Amex personal rate upped due to increased risk Reply To: Amex personal rate upped due to increased risk

Andrew. 478 posts

It’s always a good idea to review the credit limits and reduce them periodically. Amex is notorious for pushing them up quietly. All well when interest rates are zero.
It helps to reduce them if you have to apply for a loan or another card, not necessarily with Amex.
Times have been good in the past, but you can’t predict the future. Other banks may not look kindly at a large limit.

Better still to hang onto the cards that aren’t reported to the agencies.

There are quite a few ex-bankers on here who had “staff accounts”, it was policy for many firms not to report staff accounts to the agencies – the DNR flag still stands today. Some banks also placed a DNR flag on people who worked for other firms.

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