How to check your spending ability with AmEx

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Location: California

Postby Kicker » Tue Jun 19, 2012 7:11 pm

JNK wrote: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.

But what about a charge card? I know they don't have a spending limit per se but I suppose 1k wouldn't do much haha
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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Postby JNK » Fri Jun 22, 2012 10:25 pm

Kicker wrote:But what about a charge card? I know they don't have a spending limit per se but I suppose 1k wouldn't do much haha

Though newer credit reporting models/systems may not do this anymore, there are still systems that calculate charge cards into the overall credit utilization by using the Current Balance / High Limit where your High Limit is the most you've charged to your card for a billing period for the life of the card in question.

If this is the case and the older systems are counting your charge card when calculating utilization, then at least for the beginning of your card use (first few months or so), you will see that $1000 (or whatever that major purchase(s) might be for the month) as your High Limit and your Current Balance would be... whatever it is you owe for that month which, for the beginning, would be that same $1000.
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
VISA: Chase Ink Cash

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Joined: Mon Nov 26, 2012 3:28 pm
Location: New York, NY

Postby Eire0722 » Tue Nov 27, 2012 2:22 pm

I was approved for 3000 spending availability, but only have 297 in credit available against my limit. I don't understand what this spending availability feature is all about?

Many thanks for your help.

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