Amex EveryDay Credit Card

I received a 0% APR offer on balance transfers with this new card, along with $0 balance transfer fees. Sounded great. Couple of issues, though. First, the online functionality of the balance transfer process does not work. You have to talk to the voice prompt system and provide it with lots of identifying information, then also a customer service agent who will ask you the same identification questions again (and then some). Second, my overall limit is $1000.00, which means my balance transfer limit is $750.00. Third, and most infuriating of all, that balance transfer limit is a one-time thing! Meaning if you transfer $500.00 of your $750.00 balance transfer limit to the card and then pay that off entirely, you do not have $750.00 in balance transfer availability once again. You only have $250.00! I've scoured the fine print and can't find anything on that little caveat anywhere. The balance transfer offer was the primary reason I got this card. Between the pitiful limit they gave me, and now this eliminating limit feature, I'm within an inch of just canceling the card! Ugh.

I already have two other American Express cards you can have a total of 6 American Express cards or so depending on your need for instance if you fly a lot or eat out a lot or travel a lot American Express has a card for a particular person's needs. Amex will allow you to have up to six cards or so and I have to already with about 10,000 combined available credit and when American Express approved me for 2,800 on this card today, I knew already I could transfer my remaining my combined 10,000 avaiylabke credit in part or whole to this new 2,800.00 card with no fees but of course I'm not going to do that. I want to do a balance transfer of about 3,000 and I don't want to have my other two cards go up way high so I'll figure out how to do it since there's no balance transfer fee using each card, Blue Cash and Carry Magnet. I can still hold out doing a balance transfer from for instance Discover card who's promotion ends right at the end of the year which will be about 60 days and 60 days is the timestamp you have to do a balance transfer on this card upon opening. I think that's fantastic to have no balance transfer fee that's just wonderful! I was really surprised I got a credit card with any limit on it since I'm using a lot of my credit right now but they are all sitting at 0% interest and going to be paid down significantly upon the sale of my home in the next 6 months and willl have enough equity cash to me to bring down my credit cards within 10% utilization. Right now my credit report says I'm using 20% utilization but what they don't know is they are all 0% interest and all the Loan offers I keep getting about how I should pay off all my credit cards have an interest! If you have a plan such as I do to pay off your house and only have a car payment and your credit cards down to 10% utilization and doing all this on Social Security it actually does work. It's not a game you're playing it's a consumer taking advantage of the specials they're offering. If you just keep your utilization under control you know when to pull the cord right before you actually have to make a move and use that credit to your benefit not for your stupid things like a high-end TVs or cell phone or whatever is so temporary, rather to use it for like moving and paying movers to move your household and when you get to where you're going your house is going to be paid for out of the equity of my house. Anyway I think American Express is great! They may not have all the bells and whistles like cash over the amount like some credit cards allow they do allow you to have 6 credit cards with quite a bit of credit on them which brings your credit rating quite up there and your utilization goes down.