AMEX NPSL true limit

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
41 posts
Brad Bishop
Centurion Member
Centurion Member
 
Posts: 147
Joined: Sat Jul 12, 2014 7:38 am
Location: Atlanta, GA

Postby Brad Bishop » Tue Oct 14, 2014 1:49 pm

lobbythis wrote:I've never understood this. You don't have a spending limit, but at the same time, you do. What is the benefit of that?


The idea is that it's a charge card which you have to pay off each month. So, you use it for day-to-day spending and not any sort of long-term payment plan. Based on that, if your normal spending on the card is $1000/mo then maybe you have some months at $600 and some months approach $2000. They get that. If, however, you tried to buy a car on your Amex at $30K then they'd red-flag it.

Obviously they have algorithms to figure this out and if you had already spent $1500 on your card but were making some special purchase of $5K based on some bonus then it's probably best to call them ahead of time and inquire.

I had a Green, Gold (various flavors), and Platinum card for years and never had a problem bumping into some limit. I think they may, over say a decade or so, asked to speak with me on the phone maybe twice just to confirm it's me and a valid purchase.

Now, I haven't had an Amex charge card is a 10+ years and whenever I think of getting one I have a really hard time justifying it and just pass on it. I pass because:
- Why pay an annual fee?
- I can't carry a balance. I normally pay my balances in full each month, anyway, but those are on AF-free cards so why pay Amex a premium to not carry a balance?
- I think you could argue that at one time there was a certain prestige to having an Amex in your wallet but today they're basically the same as Visa/MC/Disc - just go get one from your bank.

I know that there are some travel related reasons to get a Platinum which I'd consider if I traveled more.


thom02099
Centurion Member
Centurion Member
 
Posts: 475
Joined: Sat Apr 13, 2013 7:49 pm
Location: Colorado, USA

Postby thom02099 » Tue Oct 14, 2014 3:05 pm

One can pay over time rather than PIF; it's a feature that is offered to some, not all, AMEX card holders. It's similar to the old "Sign and Travel" option that AMEX offered years ago (allowing certain travel expenses to be paid monthly), but have expanded it to all charges...again only for customers to whom the invitation has been extended.

https://online.americanexpress.com/myca/lending/enroll/us/action?request_type=payovertime

Also, I've tested my preset limit a few times; last time I checked I was good to $40K on my Gold Card. It will never EVER happen!
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1208
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Tue Oct 14, 2014 3:51 pm

My thinking is with Brad Bishop's. I've never had a charge card and they have no appeal to me. I get it if you're a frequent traveler. Then, the benefits may outweight the costs. I am not one, however. I always PIF, too, and I am certainly not going to start paying someone for the privilege. I see some people want to go for them to establish credit (since one must PIF the credit standards aren't as strict), but in my opinion there are better options that are free.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

jlam572
Centurion Member
Centurion Member
 
Posts: 494
Joined: Wed Aug 01, 2012 12:04 am
Location: Hawaii

Postby jlam572 » Wed Oct 15, 2014 12:32 pm

Last time I checked, they capped me at 45k. I purchased a 24k watch no problem, back in july.
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
USAA Amex
Capital One Visa Platinum
Citi Diamond Preferred MC

Berk
Gold Member
Gold Member
 
Posts: 33
Joined: Sun Sep 28, 2014 5:54 pm
Location: NE Florida

Postby Berk » Wed Oct 15, 2014 3:01 pm

thom02099 wrote:One can pay over time rather than PIF; it's a feature that is offered to some, not all, AMEX card holders. It's similar to the old "Sign and Travel" option that AMEX offered years ago (allowing certain travel expenses to be paid monthly), but have expanded it to all charges...again only for customers to whom the invitation has been extended.

https://online.americanexpress.com/myca/lending/enroll/us/action?request_type=payovertime

Also, I've tested my preset limit a few times; last time I checked I was good to $40K on my Gold Card. It will never EVER happen!


I have been offered the Pay Over Time option but at 18.25% I'll never even sign up. Just don't see the benefit of it at that interest rate. Don't even know what my max limit is. Never had a desire to know. Not that big of a deal to me. I know it will cover whatever I want to put on it using it as a charge card and that is all that matters.
Fico Scores 05/25/2015
Equifax 766
TransUnion 788
Experian 797

Over $140,000 in credit across 12 cards.

adamlax
 
Posts: 2
Joined: Thu Oct 16, 2014 8:42 am
Location: United States

Postby adamlax » Thu Oct 16, 2014 8:44 am

My NPSL is 80k on my Amex green card. I've had the card for 4 months now and spend an average of 40k a month on it.

TheSwarm
Platinum Member
Platinum Member
 
Posts: 74
Joined: Wed May 28, 2014 1:13 am
Location: California

Postby TheSwarm » Thu Oct 16, 2014 5:10 pm

jlam572 wrote:Last time I checked, they capped me at 45k. I purchased a 24k watch no problem, back in july.


Now there is a mandatory photo requirement of the watch on your wrist. Coming from a fellow watch enthusiast. When you say something like that, you must post the watch porn.

Was it an AP ROO? Just a guess.

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Thu Oct 16, 2014 6:44 pm

TheSwarm wrote:Now there is a mandatory photo requirement of the watch on your wrist. Coming from a fellow watch enthusiast. When you say something like that, you must post the watch porn.

Was it an AP ROO? Just a guess.


I'm a watch nut (WIS) as well. Could be a lot of things at this price point, sans Patek. But yes, let's see what you've got.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

jlam572
Centurion Member
Centurion Member
 
Posts: 494
Joined: Wed Aug 01, 2012 12:04 am
Location: Hawaii

Postby jlam572 » Fri Oct 17, 2014 11:56 am

TheSwarm, Robrus1. Thanks guys, I posted it in the watch thread...but I think most people on this board don't really know watches and think patek is some sort of bathroom cleaner.

5167-1A. Image

I purchased the rubber strap and clasp from patek a few weeks ago, and loving both variants...the bracelet stays in my safe most of the time.
American Express Platinum

Chase Sapphire Preferred

Hawaiian Airlines BOH MC

USAA Amex

Capital One Visa Platinum

Citi Diamond Preferred MC

User avatar
lobbythis
Centurion Member
Centurion Member
 
Posts: 637
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Postby lobbythis » Fri Oct 17, 2014 1:36 pm

jlam572 wrote:TheSwarm, Robrus1. Thanks guys, I posted it in the watch thread...but I think most people on this board don't really know watches and think patek is some sort of bathroom cleaner.


Hey now, I definitely think you underestimate.

Also, for anyone who wants some good laughs, look up @fakewatchbusta on Instagram and see all the famous people he is busting for wearing fake watches. It's pretty pathetic.



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 2 guests