2007-01-08 17:08:55 · 8 answers · asked by antrg 1 in Business & Finance ➔ Credit
Standard AMEX has no credit limit because they are not actually extending credit. The really important part on your credit report is where it shows how many months behind, if any, you are on your payments.
2007-01-08 17:18:06 · answer #1 · answered by Uther Aurelianus 6 · 0⤊ 0⤋
AE are crazy. They do account reviews all the time also. It can hurt your credit if you are showing that all your availbale credit is being used, but with AE, most cards have to be paid in full, so I am not sure why it would ever show that, unless of course its maxed, well then, yes it will cost you some points on your score, depending on wht all your other cards are showing.
2007-01-09 01:13:38 · answer #2 · answered by JUSTFORFUN 1 · 0⤊ 0⤋
With AMEX, it is more like a charge card than a credit card. What ever you put on it in that month you have 45 days to pay. If you do pay for the amount in full, then they will cancell your card and start to charge you interest in it at a heavy rate. As there is no limilt on AMEX, be careful not to live beyond your means to pay back. You will only pay a yearly subscription fee. It obviously will only effect your credit rating if you default on your payment.
2007-01-09 01:21:20 · answer #3 · answered by Joanne B 1 · 0⤊ 0⤋
No AE doesn't hurt your credit. The credit bureaus and credit company's all know what the deal is with American Express. Nothing to worry about.
2007-01-09 01:20:22 · answer #4 · answered by kelly h 3 · 0⤊ 0⤋
when a credit card company looks at it, they get a diff report than what u get when u pull ur credit. It will show what your limit really is and what your balance is.
2007-01-09 03:24:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I have an amex card and it does not show up on my cedit report at all and yes there is a balance on it and i use it everyday.
2007-01-09 07:15:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2007-01-09 01:53:19 · answer #7 · answered by Hardeep from icicibank 2 · 0⤊ 1⤋
good question ! lol i was told that it was like considered a debit card!
2007-01-09 01:41:22 · answer #8 · answered by tennessee 7 · 0⤊ 0⤋