American Express Personal Loan
Got an offer from Amex for a personal loan; the rate seems pretty high @8.99 for 25K over 36 months. Anyone else got this at a lower rate (just out of curiosity)?
American Express Personal Loan
- Last Updated:
- Oct 3rd, 2021 9:07 pm
Tags:
- SCORE-1
- rockbottom [OP]
- Newbie
- Nov 8, 2007
- 80 posts
- 3 upvotes
13 replies
- NowInYOW
- Newbie
- Feb 18, 2018
- 40 posts
- 29 upvotes
Yes, I'm at 25K @ 5.99
- secretalcoholic
- Deal Addict
- Jul 26, 2018
- 1782 posts
- 2830 upvotes
- Canada, eh?
6.99 here
- coolintheshade
- Deal Guru
-
- Aug 24, 2016
- 10140 posts
- 11700 upvotes
- The Prairies
I WIN!!
- krs
- Deal Fanatic
-
- Mar 28, 2005
- 8078 posts
- 2045 upvotes
- Cornwall, Ontario
Wouldn't a Line of Credit be better?
Only pay interest on what you actually use and very flexible repayments.
Also possibly a better rate
Only pay interest on what you actually use and very flexible repayments.
Also possibly a better rate
- bomber17
- Deal Fanatic
- Apr 5, 2016
- 6019 posts
- 4487 upvotes
- Calgary/Vancouver
- rockbottom [OP]
- Newbie
- Nov 8, 2007
- 80 posts
- 3 upvotes
I am definitely getting hosed with 8.99, 4.99 is pretty descent, in my opinion. Congrats!
- Natasha321
- Member
- Nov 24, 2015
- 375 posts
- 223 upvotes
- Toronto, ON
Did you end up applying?
If so, quick question: When you apply, do they actually give the full $ amount of the "pre-approved" offer? I'm just curious as it says "up to $25k".
- Shadow Rider
- Deal Addict
- Sep 11, 2006
- 2213 posts
- 868 upvotes
LOC these days is under 4%
- AppleDogwood
- Jr. Member
- Mar 29, 2020
- 103 posts
- 108 upvotes
Not everyone qualifies for LOCs ...Shadow Rider wrote: ↑ LOC these days is under 4%
- CNeufeld
- Deal Guru
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- Mar 23, 2008
- 13006 posts
- 9978 upvotes
- Edmonton
And even if they do, not every LOC IS UNDER 4%AppleDogwood wrote: ↑ Not everyone qualifies for LOCs ...
C
- badmus
- Deal Fanatic
- Jul 12, 2008
- 5727 posts
- 1898 upvotes
- GTA
I got 7k at 10.99% for 24 months from them last year just before the pandemic and the lowering of rates by the central banks.rockbottom wrote: ↑ Got an offer from Amex for a personal loan; the rate seems pretty high @8.99 for 25K over 36 months. Anyone else got this at a lower rate (just out of curiosity)?
- Kiraly
- Deal Expert
-
- Jan 9, 2011
- 17126 posts
- 23677 upvotes
- Vancouver
Any way I can get Amex to stop with the loan offer popups EVERY TIME I LOG IN? I don't want the loan!
- mmikeman
- Deal Addict
- Feb 17, 2015
- 1116 posts
- 441 upvotes
- Windsor, ON
I wish they would send me one of these....I've earned enough points from churning I wouldn't mind them making some money back lol, but nope...not even a balance transfer offer