I would like people's opinion on the amex checking account, now that it is offering 1% annual interest and a limited 250$ bonus for opening a new account with ≥500$ direct deposit till December 10.
Checking Account: "American Express® Business Checking customers are not eligible at this time"
Ah the interest rate on the business checking is double anyways
More on reddit.comAnyone use American Express High Yield Savings Account? : personalfinance
American Express account fails to re-authorize. Deactivation / Re-activation does not resolve. : quicken
American Express account closed due to delinquency
Well you’re at the Mercy of AMEX, keep your fingers crossed...if not I would still work with what I have available to me. Either way I strongly recommend you pay down( off ) your balances with the other creditors. Bringing your total credit utilization down to 7-10% overall and 7-10% utilization per card ...this will help to get you back on track and get your score moving upward again... of course the negatives you recently got aren’t just going away and obviously affects your score but going forward it’s about putting positivity back on. Over time the recent negative effects will wane and won’t matter much...good luck
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