- Centurion Member
- Posts: 538
- Joined: Fri Mar 09, 2012 9:29 am
- Location: San Francisco, CA
AMEX's spending ability is very weird. First off, there is a tool online that allows you to do sample purchases and it will show you whether or not it will approve it. Don't use it too many times as it will force you to call them to see if it will approve.
Let me tell you my story. I got a platinum is Dec 2011 after a long hiatus from having an AMEX card (from when I was in college). It wouldn't approve me for anything over 2500 or 3000 dollars (i forget). Basically that was worthless for what I needed it for. I was told by agent that the computers determined spending limits based on past spending habits (huh this is a new card), payment history, and other things and that it really wouldn't start raising it until after 6 months of history. Well that is BS. My guess is that they based the initial limit off of my last AMEX card from college. Fast forward two months later (Feb 2012), I can now do 60k or more. How did I do it? Go crazy with your AMEX card one month. Figure out what your credit limit is from the spending tool. When you get close to that limit, then go pay that card mid month. Keep doing it for a month or two, and you should see your spending limit skyrocket. For example, the AMEX computer only allows you to spend $1000 so it is hard for you to prove you can do more. If you spend 4k in a month by making multiple payments in a month, at the end of the month, the AMEX computers realize you can handle more. In fact, if you owe a balance, you can even send them a prepayment for more than your balance which will give you additional spending ability. Do it a couple of months and you should see that spending limit skyrocket.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k