With all of the talk about credit card issuers reducing credit limits, I was a bit worried this week when we received a letter from American Express. We have an Amex Blue Cash Rewards card with them and, even though we have sterling credit, I assumed that they were writing to say that they had decided to decrease our credit limit.
But guess what? I was wrong. Instead of decreasing our limit, they increased it by 25%. Here’s the text of the letter.
Dear [Cardholder Name],
Because you are a valued Cardmember and based on your credit history, Blue Cash from American Express is pleased to inform you that your Line of Credit has been increased:
Your new credit line is [25% higher than before].
Your new credit line will appear on your next statement and remain valid as long as your credit is in good standing.
Your increased purchasing power enables you to earn even more cash back! Just use Blue Cash from American Express for all the purchases you already make – like groceries, gasoline, and monthly bills, as well as things like vacations, and home improvements. Remember, you can earn up to 5% cash back on virtually all your purchases. Plus, there’s no limit on how much cash back you can earn – so you’ll see how fast your cash back can add up!
We would like to thank you for being a Cardmember and for your continued use of Blue Cash from American Express.
If you have an question, call us anytime at 1-888-BLUE-741 or visit us at americanexpress.com/igotbluecash.
President and CEO, Consumer Services
Member Since 1989
As I noted the other day, this card has earned us an average of 1.96% cash back over the past year, so I’m thrilled that they’re taking care of us. While we didn’t really need the increase, I’m more than willing to take it. If you’re looking for a great cash back reward credit card, I highly recommend Blue Cash.