AMEX NPSL true limit

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Omarperez48
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Location: San Diego , California

AMEX NPSL true limit

Postby Omarperez48 » Sun Oct 12, 2014 12:26 pm

What are your NPSL limit on your AMEX? currently I am capped at $10 000. what's the most you guys are allowed to put on your card?
AMEX PRG (Npsl)

CitiPreferred ThankYou $3000

CapOne QuickSilver $4000

CapOne Platinum $5000

CapOne Yamaha $10,500

Macy's $3000

PayPal $1500

1St Financial Bank $900 (have had it for 6 years)

Credit One Bank $1000 (don't use this card)

Selfmade 24 year old, ambitious and future 1%er


popamode72
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Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sun Oct 12, 2014 1:00 pm

I tested mine the other day and it's currently at 4000 as the maximum I can possibly charge which I'll never even come close to charging at all. It was increased from 2800 after the second statement.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

Omarperez48
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Posts: 36
Joined: Mon Apr 14, 2014 2:08 am
Location: San Diego , California

Postby Omarperez48 » Sun Oct 12, 2014 1:05 pm

How does this actually work? 'cause the most I've charged one month is $11.5k but every months I do at least 5k are you familiar with their algorithm?
AMEX PRG (Npsl)



CitiPreferred ThankYou $3000



CapOne QuickSilver $4000



CapOne Platinum $5000



CapOne Yamaha $10,500



Macy's $3000



PayPal $1500



1St Financial Bank $900 (have had it for 6 years)



Credit One Bank $1000 (don't use this card)



Selfmade 24 year old, ambitious and future 1%er

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sun Oct 12, 2014 1:23 pm

Omarperez48 wrote:How does this actually work? 'cause the most I've charged one month is $11.5k but every months I do at least 5k are you familiar with their algorithm?


Not really. I've never even gotten close to charging that much at all. Just around 226 dollars since I got it in August. Always PIF and even made payments along the way before anything was due.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

Omarperez48
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Posts: 36
Joined: Mon Apr 14, 2014 2:08 am
Location: San Diego , California

Postby Omarperez48 » Sun Oct 12, 2014 1:32 pm

popamode72 wrote:Not really. I've never even gotten close to charging that much at all. Just around 226 dollars since I got it in August. Always PIF and even made payments along the way before anything was due.


Yeah you can only PIF right? Being a Charge card you can't make payments.
AMEX PRG (Npsl)



CitiPreferred ThankYou $3000



CapOne QuickSilver $4000



CapOne Platinum $5000



CapOne Yamaha $10,500



Macy's $3000



PayPal $1500



1St Financial Bank $900 (have had it for 6 years)



Credit One Bank $1000 (don't use this card)



Selfmade 24 year old, ambitious and future 1%er

popamode72
Centurion Member
Centurion Member
 
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sun Oct 12, 2014 1:33 pm

Omarperez48 wrote:Yeah you can only PIF right? Being a Charge card you can't make payments.


Yup exactly though I still wanted to make the point that I have a habit of making payments early before anything is actually due.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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lobbythis
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Location: usa

Postby lobbythis » Sun Oct 12, 2014 2:15 pm

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?

I'm not with Amex yet either, so please forgive my ignorance.

Omarperez48
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Posts: 36
Joined: Mon Apr 14, 2014 2:08 am
Location: San Diego , California

Postby Omarperez48 » Sun Oct 12, 2014 2:20 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?

I'm not with Amex yet either, so please forgive my ignorance.


From what I understand your Non Preset Limit self adjusts depending on how much you spend a month. they won't lend you $6k if you can only afford to pay $500 a month, and being a charge card you would need to pay the full amount that's why people have different preset limits.
AMEX PRG (Npsl)



CitiPreferred ThankYou $3000



CapOne QuickSilver $4000



CapOne Platinum $5000



CapOne Yamaha $10,500



Macy's $3000



PayPal $1500



1St Financial Bank $900 (have had it for 6 years)



Credit One Bank $1000 (don't use this card)



Selfmade 24 year old, ambitious and future 1%er

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CarefulBuilder14
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Location: United States

Postby CarefulBuilder14 » Sun Oct 12, 2014 2:24 pm

I'd rather have a high CL and know what it actually is.

I don't spend enough money to need a 'soft' credit limit on any card.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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PlyrStar93
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Location: Chicago

Postby PlyrStar93 » Sun Oct 12, 2014 2:27 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?

There is no pre-set spending limit, but there is an actual limit on how much you can charge. The card would be reported as no limit and may not be calculated into utilization % (for certain scoring models only, but there are some old ones using high balance as your CL, flyertalk), which in some cases could be "benefit".

And also as Omar has said, it could be a tool to regulate your spending, so you won't charge what you can't afford (unless you actually do it and get into delinquency).
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
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