- Centurion Member
- Posts: 1067
- Joined: Thu Aug 04, 2011 7:07 pm
- Location: Phoenix
Mind you, it is hard to say what would happen with a UK based Amex. Despite being an American company, Amex UK is required to follow rules and regulations set forth by the UK government. Just as HSBC and RBS has to follow the rules and regulations of the US when they do business here; and this can be dramatically different than the UK and vice versa.
Here in the US, Amex bases "esposure" limits, or maximum spending limitson charge cards based on a variety of factors such as income, assets, debt to credit ratios, spending patterns and previous experience on other Amex products. On Amex's US account online website we have the ability to check spending availability...one would click the link, enter the amount one wishes to spend and the website would let you know if you are approved or not. These limits can change from month to month based on their risk analysis of your credit file at that time.
If you have good credit, a good income and good previous experience with Amex, you shouldn't have any trouble spending up to 5,000 pounds or more each month. I would advise on building up to that; however, when the card is new as to not scare them.