Originally Posted by
SanDiego1K
My husband has 3 open AMEX Business Platinum cards. He's received some targeted offers that I've ignored. This week, he's received another targeted offer. Is there any risk in opening a 4th card? Every one will be canceled at the one year mark. The value is the signup bonus. It makes no sense to me that AMEX keeps making these offers. But they do. Is there any risk in accepting the recent offer? He has a substantial cache of Membership Reward points now. I don't want to put them at risk.
There’s always some risk, for this situation (multiple identical targeted NLL cards) the risk is poorly documented here and thus minimally understood. We don’t know what AmEx’s secret sauce is regarding all aspects, including who how and when for targeting and relative risk of cancelling at 1 year vs different timeframe. There’s general agreement that the value is the SUB and that it makes little sense that AmEx continues to extend these offers.
I’ve followed this thread closely since its inception. There are at least several people, probably many people, who have and have had multiple accounts, up to 7-8 Biz Plats and/or Biz Golds, subject to AmEx’s reported maximums of 10 Charge cards (and 4 Credit cards), with many of those accounts closed at ~12.5 months. (Both Biz Plat and Biz Gold are Charge cards.) There are several reports that AmEx does not do a hard pull for existing customers, including for those taking advantage of these offers.
Long story short, based on many reports here the risk you ask about would seem to be minimal.
Originally Posted by
happyvoid
do these nll offers bypass the limit of 10 charge cards by amex?
Thank you, wish I had thought about that 2 days ago. Realized as I wrote this post that my "in progress" application 2 days ago described
a few posts up (# 165) was for what would have been my 11th open AmEx Charge card, a rookie mistake I’m embarrassed to confess
.
Is the 10 Charge card limit carved in stone? Is “... we need some additional information ...” AmEx’s way of saying (in effect) “no joy, too many open charge cards”? Is it possible to change that type of pending review or declined to an approval by offering to recon to close an open account? Should I close an open account or 2 and then call recon? Thank you.