ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
Up until 2 years ago, I was a 'cash-man'
Except for large bills, & monthly recurring bills, I would pay for everything with cash. Then I started using a visa rewards card, 2% back on all purchases.
In April, I received an offer from American Express.
Spend $500.00 in the first 3 months & receive a $150.00 credit to your account.
I've already spent the $500.00, & the $150.00 has already been credited.
Q-1 Initially, I thought of literally cutting up the card once I'd received the $150.00 credit. If I was to stop using the card, pay my bill, call AMEX & suspend the card, would they ever make me an offer like this again ? Would this effect my credit score ?
Q-2 For those of you that have taken advantage of these offers more than once, & on more than one card brand, I'm wondering if at some point you're blacklisted. In other words, if you're someone who's done this several times in the past 5 years, & always paid your balance in full, would the credit card companies @ some point, consider you too good of a risk, & stop making these offers ?
Except for large bills, & monthly recurring bills, I would pay for everything with cash. Then I started using a visa rewards card, 2% back on all purchases.
In April, I received an offer from American Express.
Spend $500.00 in the first 3 months & receive a $150.00 credit to your account.
I've already spent the $500.00, & the $150.00 has already been credited.
Q-1 Initially, I thought of literally cutting up the card once I'd received the $150.00 credit. If I was to stop using the card, pay my bill, call AMEX & suspend the card, would they ever make me an offer like this again ? Would this effect my credit score ?
Q-2 For those of you that have taken advantage of these offers more than once, & on more than one card brand, I'm wondering if at some point you're blacklisted. In other words, if you're someone who's done this several times in the past 5 years, & always paid your balance in full, would the credit card companies @ some point, consider you too good of a risk, & stop making these offers ?
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