Amex limits - Revision history

Editor at 21:05, 27 April 2021

2021-04-27T21:05:14Z

Editor at 22:19, 21 February 2021

2021-02-21T22:19:53Z

Editor at 22:18, 21 February 2021

2021-02-21T22:18:49Z

Editor: Editor moved page Amex Limits to Amex limits without leaving a redirect

2021-02-19T00:05:34Z

Editor moved page Amex Limits to Amex limits without leaving a redirect

Editor at 01:46, 13 February 2021

2021-02-13T01:46:13Z

Editor at 19:59, 12 February 2021

2021-02-12T19:59:58Z

Editor at 00:29, 11 February 2021

2021-02-11T00:29:55Z

Editor at 20:00, 1 February 2021

2021-02-01T20:00:43Z

Editor at 19:57, 1 February 2021

2021-02-01T19:57:03Z

Editor at 19:56, 1 February 2021

2021-02-01T19:56:31Z

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 <blockquote>
-You can only have 4-5 Amex "credit" cards. This constrains your ability to get all the Amex cards you may want and also collect Amex signup bonuses.
+You can only have 5 Amex "credit" cards at any one time. This constrains your ability to collect Amex signup bonuses and get all the Amex cards you may want.
 </blockquote>
-Some people have experienced a 4 card limit, some people have recently been able to get a 5<sup>th</sup> card, and we know one person who recently got a 6<sup>th</sup>.  It's clear Amex has a limit, but no one has been able to piece together why it differs slightly for different people.
+The 5 card limit applies to your total number of personal and business cards. But Amex's "charge" cards (their Platinum, Gold, Green and Plum cards) don't count against that limit—with two important exceptions. At least for now, the personal version of the Green card counts as one of your 5 cards and so may any charge card that has the "Pay Over Time" feature turned on.
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@@ Line 40: / Line 38: @@
 Fortunately, many of Amex's most attractive signup bonuses are on their Platinum, Gold, and Green "charge" cards and they are not affected by the credit card limit (except the personal version of the Green Card). On the other hand, all six of the Delta cards, all three of the Hilton cards, and both Marriott cards have very lucrative signup bonuses that you probably don't want to miss out on.
-<li>'''Turn off "Pay Over Time" for your charge cards'''. Amex has been having an issue where charge cards that have the "Pay Over Time" feature enabled are sometimes counting against the 4-5 card limit. Turning off the feature frees up the slot for a real credit card. Select each charge card on Amex's website and go to the "Payment and Credit Options" to see the option to manage your Pay Over Time settings.</li>
+<li>'''Turn off "Pay Over Time" for your charge cards'''. Amex has been having an issue where charge cards that have the "Pay Over Time" feature enabled are sometimes counting against the 5 card limit. Turning off the feature frees up the slot for a real credit card. Select each charge card on Amex's website and go to the "Payment and Credit Options" to see the option to manage your Pay Over Time settings.</li>
 <li>'''To optimize your signup bonuses, try to postpone getting the Amex cards you want to add to your core credit card collection'''. For the first few years, keep some Amex slots open to use to collect signup bonuses on their other cards. Once you've worked your way through the most valuable signup bonuses, get the cards you want to keep for the long run. Obviously, you need to strike a balance between the number of slots you keep open (and the corresponding speed at which you can earn signup bonuses) and getting earlier access to desired benefits.</li>

@@ Line 10: / Line 10: @@
 Some people have experienced a 4 card limit, some people have recently been able to get a 5<sup>th</sup> card, and we know one person who recently got a 6<sup>th</sup>.  It's clear Amex has a limit, but no one has been able to piece together why it differs slightly for different people.
-The 4-5 card limit applies to your total number of personal and business cards. But Amex's "charge" cards (their Platinum, Gold, Green and Plum cards) don't count against that limit—with one important exception. At least for now, the personal version of the Green card counts as one of your 4-5 cards.  For example, if you have the Amex Platinum Card and the Amex Gold Card, you'll still be able to get the full four to five credit cards, and if you are already at the max number of credit cards, you'll still be able to get a charge card like the Business Gold Card.
+The 4-5 card limit applies to your total number of personal and business cards. But Amex's "charge" cards (their Platinum, Gold, Green and Plum cards) don't count against that limit—with two important exceptions. At least for now, the personal version of the Green card counts as one of your 4-5 cards and so may any charge card that has the "Pay Over Time" feature turned on.
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+—{{DISPLAYTITLE:{{Title|amex limits}} (2021)}}
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@@ Line 10: / Line 10: @@
 Some people have experienced a 4 card limit, some people have recently been able to get a 5<sup>th</sup> card, and we know one person who recently got a 6<sup>th</sup>.  It's clear Amex has a limit, but no one has been able to piece together why it differs slightly for different people.
-The 4-5 card limit applies to your total number of personal and business cards. But Amex's "charge" cards (their Platinum, Gold, Green, and Plum cards) don't count against that limit. For example, if you have the Amex Platinum Card and the Amex Gold Card, you'll still be able to get the full four to five credit cards, and if you are already at the max number of credit cards, you'll still be able to get a charge card like the Amex Green card.
+The 4-5 card limit applies to your total number of personal and business cards. But Amex's "charge" cards (their Platinum, Gold, Green and Plum cards) don't count against that limit—with one important exception. At least for now, the personal version of the Green card counts as one of your 4-5 cards.  For example, if you have the Amex Platinum Card and the Amex Gold Card, you'll still be able to get the full four to five credit cards, and if you are already at the max number of credit cards, you'll still be able to get a charge card like the Business Gold Card.
 {{Main|article}}
@@ Line 38: / Line 38: @@
 <li>'''Getting any of these cards will constrain your ability to earn Amex signup bonuses'''. For example, if you are holding onto three of these cards for their ongoing benefits, you'll only have one or two slots left open for collecting signup bonuses. To keep a good relationship with Amex, you need to keep new cards for at least year. So you'd be limited to only one or two new Amex signup bonuses per year. If you use up all your slots on "keeper" cards, you won't have any slots left over for signup bonuses.</li>
-Fortunately, many of Amex's most attractive signup bonuses are on their Platinum, Gold, and Green "charge" cards and they are not affected by the credit card limit. On the other hand, all six of the Delta cards, all three of the Hilton cards, and both Marriott cards have very lucrative signup bonuses that you probably don't want to miss out on.
+Fortunately, many of Amex's most attractive signup bonuses are on their Platinum, Gold, and Green "charge" cards and they are not affected by the credit card limit (except the personal version of the Green Card). On the other hand, all six of the Delta cards, all three of the Hilton cards, and both Marriott cards have very lucrative signup bonuses that you probably don't want to miss out on.
 <li>'''To optimize your signup bonuses, try to postpone getting the Amex cards you want to add to your core credit card collection'''. For the first few years, keep some Amex slots open to use to collect signup bonuses on their other cards. Once you've worked your way through the most valuable signup bonuses, get the cards you want to keep for the long run. Obviously, you need to strike a balance between the number of slots you keep open (and the corresponding speed at which you can earn signup bonuses) and getting earlier access to desired benefits.</li>

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← Older revision	Revision as of 00:05, 19 February 2021
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← Older revision		Revision as of 19:57, 1 February 2021
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-{{DISPLAYTITLE:{{Title|amex limits}}}}
+<sup>Superscript text</sup>{{DISPLAYTITLE:{{Title|amex limits}}}}
 {{Page|article|card strategies}}
 <blockquote>
-You can only have 4 Amex credit cards and 10 Amex charge cards at a time. This constrains your ability to get all the Amex cards you may want and also collect Amex signup bonuses.
+You can only have 4-5 Amex "credit" cards. This constrains your ability to get all the Amex cards you may want and also collect Amex signup bonuses.
 </blockquote>
-The 4-card limit applies to your total number of both personal and business cards. But it doesn't include Amex's "charge" cards. Charge cards don't have fixed credit limits and need to be paid each month. They include Amex's Platinum, Gold, and Green cards.
+Some people have experienced a 4 card limit, some people have recently been able to get a 5<sup>th</sup> card, and we know one person who recently got a 6<sup>th</sup>.  It's clear Amex has a limit, but no one has been able to piece together why it differs slightly for different people.
 {{Main|article}}
 <ul class="bulletlist">
-<li>'''Amex has several credit cards that you might want to make part of your core credit card collection'''. Each one of these cards will take up one of your four available slots.</li>
+<li>'''Amex has several credit cards that you might want to make part of your core credit card collection'''. Each one of these cards will take up one of your available slots.</li>
 Depending on your circumstances, you may want:
@@ Line 17: / Line 19: @@
 <li>One of the Delta cards to get the free baggage benefit (and/or a companion certificate) on Delta airlines. {{Link|checked bags}}. {{Link|Delta Certificate}}.</li>
-<li>One or more of the Hilton cards for access to their free night certificates. Fans of these of these certificates might want to get all three of the Aspire, Surpass, and Business cards. {{Link|free night certificates}}.</li>
+<li>One or more of the Hilton cards for access to their free night certificates. Fans of these of these certificates might want to get up to all three of the Aspire, Surpass, and Business cards. {{Link|free night certificates}}.</li>
 <li>The Blue Business Plus card to earn 2x Membership Rewards points on all your purchases. Without access to business cards, you might want the Everyday Preferred card instead. {{Link|general purpose}}.</li>
@@ Line 23: / Line 25: @@
 <li>The Blue Cash Preferred or Everyday Preferred card for their great reward rates on groceries (and gas). {{Link|Grocery Spending}}.</li>
-<li>The Marriott Business card for its 15 extra elite night credits, but only if this will likely make the difference between earning Platinum status or not.</li>
+<li>The Marriott Business card for its 15 extra elite night credits and its free night certificate.</li>
-<li>Either the Hilton Aspire or Marriott Bonvoy Brilliant card as a less expensive way to get a Priority Pass membership if you don't already have one from one of the other premium cards.</li>
+<li>Either the Hilton Aspire or Marriott Bonvoy Brilliant card as a less expensive way to get a Priority Pass membership (if you don't already have one from one of the other premium cards).</li>
 <li>The Amazon Prime card to earn 5% back on Amazon purchases. However, there are several other good options for earning rewards at Amazon. {{Link|Store Spending}}</li>
@@ Line 32: / Line 34: @@
 <li>'''You may not have room to get all the cards you want'''. If so, you'll need to prioritize the benefits that are the most important to you. However, you can always swap them out if your prioritization changes.</li>
-<li>'''Getting any of these cards will constrain your ability to earn Amex signup bonuses'''. For example, if you are holding onto three of these cards for their ongoing benefits, you'll only have one slot left open for collecting signup bonuses. To keep a good relationship with Amex, you need to keep new cards for at least year. So, you'd be limited to only one new Amex signup bonus per year. If you use up all four slots, you won't have any slots left over for signup bonuses.</li>
+<li>'''Getting any of these cards will constrain your ability to earn Amex signup bonuses'''. For example, if you are holding onto three of these cards for their ongoing benefits, you'll only have one or two slots left open for collecting signup bonuses. To keep a good relationship with Amex, you need to keep new cards for at least year. So you'd be limited to only one or two new Amex signup bonuses per year. If you use up all your slots on "keeper" cards, you won't have any slots left over for signup bonuses.</li>
-Fortunately, many of Amex's most attractive signup bonuses are on their Platinum, Gold, and Green "charge" cards and they are not affected by this limit. On the other hand, all six of the Delta cards, all three of the Hilton cards, and both Marriott cards have very lucrative signup bonuses that you probably don't want to miss out on.
+Fortunately, many of Amex's most attractive signup bonuses are on their Platinum, Gold, and Green "charge" cards and they are not affected by the credit card limit. On the other hand, all six of the Delta cards, all three of the Hilton cards, and both Marriott cards have very lucrative signup bonuses that you probably don't want to miss out on.
-<li>'''To optimize your signup bonuses, try to postpone getting Amex "keeper" cards'''. For the first few years, keep some Amex slots open to use to collect signup bonuses on their other cards. Once you've worked your way through the valuable signup bonuses, get the cards you want to keep for the long run. Obviously, you can strike a balance between the number of slots you keep open (and the corresponding speed at which you can earn signup bonuses) and getting earlier access to desired benefits.</li>
+<li>'''To optimize your signup bonuses, try to postpone getting the Amex cards you want to add to your core credit card collection'''. For the first few years, keep some Amex slots open to use to collect signup bonuses on their other cards. Once you've worked your way through the most valuable signup bonuses, get the cards you want to keep for the long run. Obviously, you need to strike a balance between the number of slots you keep open (and the corresponding speed at which you can earn signup bonuses) and getting earlier access to desired benefits.</li>
 Because Amex is relatively insensitive to the quantity of cards you have, you generally want to get cards from other banks first, before you start focusing on Amex cards. This delays your ability to get your Amex keeper cards even further.
@@ Line 42: / Line 44: @@
 <li>'''Since many Amex cards are part of families, you can slowly move through each of the versions and maintain access to important benefits'''. For example, let's say you want access to the free bag benefit on Delta and that you think it is worthwhile to pay the premium for the Delta Platinum card for its companion certificate. Rather than getting the Delta Platinum card right away, you can your slots to gradually get every one of the Delta cards. While you were doing so, you'd have ongoing access to the free bag benefit. You'd save the Delta Platinum until last and hold onto it indefinitely.</li>
-<li>'''Postponing Amex cards with attractive earning rates is an easy proposition'''. Unless you are doing manufactured spending, while you are collecting signup bonuses, you'll be focusing your spending on meeting the requirements for earning signup bonuses. It is easy to postpone getting cards whose primary benefit is earning more points on your spending.</li>
+<li>'''Postponing Amex cards with attractive earning rates is an easy proposition'''. While you are collecting signup bonuses, you'll be focusing your spending on meeting the requirements for earning signup bonuses. It is easy to postpone getting cards whose primary benefit is earning more points on your spending.</li>
 </ul>