Amex Platinum Card.

Verityspinelli

Hi all,
I am thinking of cancelling a Santander credit card which has a very small limit on it and applying for an Amex Platinum Card for the cash back advantage really. Does anybody know if I will see how much they offer me as a credit limit before I hit the submit button?
If not when would I expect to see what credit limit I will be offered.

Thanks in advance.

newuser86

Unfortunately you won't be able to find out until you apply.

Verityspinelli

newuser86 wrote: »

Unfortunately you won't be able to find out until you apply.

Thank you. I will think about the advantages before I do so.
Don’t really care what the limit is, just would prefer it matched the low limit on the Santander card which is £3700.

[Deleted User]

Limits are circumstantial.

You won’t know until you apply and are accepted

Chino

Verityspinelli wrote: »

I am thinking of cancelling a Santander credit card which has a very small limit on it and applying for an Amex Platinum Card for the cash back advantage really.

Wouldn't it be useful to retain your Santander credit card for use at retailers that don't accept American Express cards? In any case, a credit limit of £3,700 isn't so especially low. Have you contacted Santander to see if your credit limit can be increased?

dcfc67

I hold an AMEX gold card and was given 5K limit, my credit score is near perfect.

Get referred and get both parties get a bonus.

Myself or any other on the referrers board can refer you

Willing2Learn

dcfc67 wrote: »

I hold an AMEX gold card and was given 5K limit, my credit score is near perfect.

Having a 'near perfect' credit score has nothing to do with it. However, the data in your credit file and the data you submitted in your application, fitted the internal application criteria and policies of Amex.

newuser86

Chino wrote: »

Wouldn't it be useful to retain your Santander credit card for use at retailers that don't accept American Express cards? In any case, a credit limit of £3,700 isn't so especially low. Have you contacted Santander to see if your credit limit can be increased?

I agree. Always have an amex and another card just incase.(0% purchase card)

Verityspinelli

Chino wrote: »

Wouldn't it be useful to retain your Santander credit card for use at retailers that don't accept American Express cards? In any case, a credit limit of £3,700 isn't so especially low. Have you contacted Santander to see if your credit limit can be increased?

Hi Chino and others
You all make good points but Santander is not my only ‘other’card. I have a few, all have a zero balance and to be fair I don’t really want to use any of them i do however have a little bond with my Barclaycard. I’ve held all of them for a good few years and the only reason I have them is I am worried about closing them down as I am thinking of selling up at the end of this year and will need to remortgage, None of my cards actually serve a purpose to be fair, I mean they have no perks or rewards that are worth it for me, I don’t want/need balance transfers or money transfers.
I would love to hear what you think is the best thing I can do. These are the cards I hold
MBNA £17,000
Lloyd’s £10,500
Halifax £ 10,800
Barclaycard £15,000
NatWest £10,500
Santander £3,700

That’s £67,500 pounds of credit.

So Barclaycard my oldest is 16 years the other around 6-10 years I could wait for next year to sell up if it means I have to wait for my credit history to repair by closing down cards but I just don’t know how to get rid of these cards.
I have a decent credit history, never missed any payments and do try to use cards randomly to keep them alive. I know they’ll be people that will say keep them open just in case but I cannot imagine a scenario where I will EVER need that much credit.

Anyway please advise me if you have any ideas.

Willing2Learn

The thing is, if you start closing down your cards then it may start to concern your lenders. Your credit utilisation will go up.

If I felt really uncomfortable having that much available credit, then I would keep open four accounts that have been open the longest, and shut down the other two.

dcfc67

I carn't see the point in having so many cards.

i personally keep 2-3 to maintain my credit rating.

The AMEX cashback you refer to is limited to £125 cashback.

you would be better of applying for a AMEX gold card which is free in year one, then £140 so cancel like I will be doing in next 3 months.
You get 20000 points which is worth £100 giftcard or you can swop points for airline airmiles or free nights in decent hotels. (mine got me a £200 hotel room in London)

You need to spend 2K in first 90 days to get the points. you get 2000 extra if you are referred