How to check your spending ability with AmEx

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Cyberius
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Postby Cyberius » Fri Jun 15, 2012 8:18 pm

thomaswhitehall wrote:Go shop through the amex website and you can probably get more than a 1/$ depending on whether or not they are running a promo right now.


+2. Sometimes Best Buy and other retailers have 2-3, even 5 points per dollar.


Kicker
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Postby Kicker » Fri Jun 15, 2012 9:55 pm

Ah, thanks a lot everyone. Anyways, I tried to use the feature again after 24 hrs and it still doesn't work for some reason. I guess I need a few extra days for it to cool off.
My Wallet:

Wells Fargo Visa - $1200 (Obtained 2011)
AMEX Green - NPSL (Obtained 2012)
Chase Freedom - $3000 (Obtained 2012)
Citi Diamond Preferred - $2000 (Obtained 2013)

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Cyberius
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Postby Cyberius » Fri Jun 15, 2012 10:06 pm

Kicker wrote:Ah, thanks a lot everyone. Anyways, I tried to use the feature again after 24 hrs and it still doesn't work for some reason. I guess I need a few extra days for it to cool off.


I'd probably just leave it alone. I've only used that feature once out of curiosity. Never since, and with good payment history and no late payments I don't think you'll have any issues spending reasonably. If you make $20k a year, a $1k charge will stand out. $100k a year, a $1k laptop is nothing, and Amex will recognize it as such. Just use the card, and it will adapt to you.

irvine801
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Postby irvine801 » Sat Jun 16, 2012 12:24 am

U guys are making me feel weak. I can't spent a dollar over 500$ which sucks considering I charge double that in a month. Hahaha!
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

Kicker
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Postby Kicker » Sat Jun 16, 2012 1:57 am

Cyberius wrote:I'd probably just leave it alone. I've only used that feature once out of curiosity. Never since, and with good payment history and no late payments I don't think you'll have any issues spending reasonably. If you make $20k a year, a $1k charge will stand out. $100k a year, a $1k laptop is nothing, and Amex will recognize it as such. Just use the card, and it will adapt to you.


Thank you. I was digging through old threads and realized how much of a F/R magnet this tool is. I reported that I make around 38k so I'm praying it won't stand out too much. :cool:
My Wallet:

Wells Fargo Visa - $1200 (Obtained 2011)
AMEX Green - NPSL (Obtained 2012)
Chase Freedom - $3000 (Obtained 2012)
Citi Diamond Preferred - $2000 (Obtained 2013)

MemberSince99
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Postby MemberSince99 » Sat Jun 16, 2012 6:04 am

Kicker wrote:Thank you. I was digging through old threads and realized how much of a F/R magnet this tool is. I reported that I make around 38k so I'm praying it won't stand out too much. :cool:


It's ok to check it occasionally, with good history with them. If you right off the bat start putting in numbers like 15k then 25k when you make 38k, yeah that's going to raise some flags with them. Just every now and then check what you would expect to spend, or if you have a large purchase and you should be fine. Just spend normally and pay on time in full and your credit with them will grow.

Crashem
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Location: San Francisco, CA

Postby Crashem » Mon Jun 18, 2012 7:06 pm

Kicker wrote:Ah I see. thank you. Regarding points, would I gain 1200 pts if I buy a macbook that costs 1200?


Looks like they approved you for that. If you want to make sure, just call them and they will let you know.
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

JNK
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Postby JNK » Mon Jun 18, 2012 7:35 pm

Regarding if a $1000 purchase is a big purchase from a credit card company's point of view, YES IT IS in your case because $1000/$1500 credit limit is 66.7% credit utilization on a single card.

How 'big' something is from a credit and credit score point of view depends on credit utilization which is the amount of credit you utilize given what amount of credit has been offered to you.

If you charge $1000 on a card that only has $1500 and utilize 66.7% of your credit on that one card and then only pay the minimum, it's going to take a while to get your credit utilization back down to what is considered a good number for a card that has the limit that it does.

If your credit card has a 10K limit, then $1000 isn't going to do too much - even if you don't pay it all off in one go.
Personal Collection:

AMEX: Everyday (MR), Macy's (cobranded)
MASTER: Citibank Dividend Platinum Select (non-World version)
VISA: Chase Amazon Signature, Chase (bank issued)
GE: Care Credit (medical expenses), Macy's (store), JCP (store)


Business Collection:

AMEX: Costco True Earnings
MASTER: None
VISA: Chase Ink Cash

bmw1990Z
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Postby bmw1990Z » Tue Jun 19, 2012 8:57 am

So, I setup my new delta amex account and I noticed there is a check spending ability button. Why would this be here if this is a credit card with a limit and therefore I know my spending ability....
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

Kicker
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Location: California

Postby Kicker » Tue Jun 19, 2012 7:09 pm

I see. thanks for the clarification
My Wallet:

Wells Fargo Visa - $1200 (Obtained 2011)
AMEX Green - NPSL (Obtained 2012)
Chase Freedom - $3000 (Obtained 2012)
Citi Diamond Preferred - $2000 (Obtained 2013)



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