I learned my "limit" on my PRG

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
9 posts
Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

I learned my "limit" on my PRG

Postby Robrus1 » Wed Feb 27, 2013 7:42 pm

Yesterday I tried to use my PRG for a small purchase, and the card was declined. I tried two more times, still declined. I was perplexed, seeing as how I had just paid my bill in full a few days before. I used my CSP with no problems. Later I decided to call Amex to make sure everything was OK with my card, leaving the problem with the merchant's systems. I assumed that's what it was, but I called anyway.

I was on hold for about 3 minutes and a very nice lady with a very minor accent answered the phone. She said everything on their end was fine and I shouldn't have any problems using my card. She asked me the amount I tried to run and told me that as long as it was $18.5K or less there should be no problem having any transactions approved. I told her it was for about 25 bucks, and she told me that it must've been a problem on the merchant's end. Has anyone else ever been told by a CSR what they're approved to spend on a Charge Card? I just thought it was cool that I inadvertently found out the answer to something I never thought I would. I was honestly surprised it was that high because as the rumor is 2X your reported monthly income, my limit is much higher.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


kcarter609
Centurion Member
Centurion Member
 
Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Wed Feb 27, 2013 7:58 pm

My Zync's "limit" is $9k. Triple my monthly income. It's been that way forever.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Rory
Centurion Member
Centurion Member
 
Posts: 274
Joined: Sat Aug 04, 2012 10:21 pm
Location: MA

Postby Rory » Wed Feb 27, 2013 8:54 pm

ive started using my Zync card for all my major purchases that wont earn me more rewards on one of my other cards and have built my limit up from 500$ last june when i got the card to $25K right now. It approves another 18k on my 7k current balance. Kinda funny how that is about.... 15X my monthly income lol
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
Its not about the ending, its about the journey,
just as long as the ending is just as good :cool:

User avatar
Snowman
Centurion Member
Centurion Member
 
Posts: 630
Joined: Thu May 10, 2012 10:10 pm
Location: North Los Angeles County

Postby Snowman » Wed Feb 27, 2013 8:57 pm

My PRG has me approved me for up to 4k. Not bad since my credit history is less then a year old....
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Thu Feb 28, 2013 6:16 pm

Snowman wrote:My PRG has me approved me for up to 4k. Not bad since my credit history is less then a year old....


Very nice, indeed!

I have until April to decide if I'm going to keep the PRG and pay the annual fee, since I've only had it 10 months it has been free so far. I can't decide. This year plus the bonus I'll still come out ahead, even after paying the annual fee. I guess I need to sit down and figure out how ahead, and what next year would look like approx. I've thought about using my CSP for everything except Discover 5% categories to consolidate points accumulation, and I still have an Amex Blue for backdating. I really like the PRG, however. I honestly don't think I spend enough to justify having both, but I don't want to part with either, they both have some great perks.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

User avatar
Snowman
Centurion Member
Centurion Member
 
Posts: 630
Joined: Thu May 10, 2012 10:10 pm
Location: North Los Angeles County

Postby Snowman » Thu Feb 28, 2013 7:28 pm

The PRG is an excellent card IMO, but the annual fee is quite high too. I'm debating as to whether to keep it or not but I have until November until it comes up for renewal. You still have a little bit of time Robrus, If it were me, I'd keep one charge and one revolver, or maybe downgrade if you don't really want to pay the annual fee..
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

MB131174
Centurion Member
Centurion Member
 
Posts: 512
Joined: Mon Mar 05, 2012 10:58 am
Location: PA

Postby MB131174 » Fri Mar 01, 2013 9:29 pm

I had been debating on what to do with my PRG card now that the annual fee was about to hit. I am not spending nearly what I was in gas when I got the card (was spending almost $600 a month in gas alone), so I was having a hard time justifying the $175 annual fee. I also have a CSP with a limit of $10,000 at $95 a year, which I'm keeping. I finally decided that I like AmEx, their service, and how they stand behind you when you have an issue. In the end I decided to keep a charge card to keep my monthly spending in check, vs thinking "oh I can charge up to $10,000 and pay down as needed!" Instead of keeping the PRG, today I called and had them convert it to the green card. The only thing I'll be missing out on is the 2X on gas & groceries (which isn't a big category for me), so I feel the savings are worth it to go down to green.
stalk me
KIK: WMB1974

Moneytalks
Centurion Member
Centurion Member
 
Posts: 438
Joined: Sat Feb 04, 2012 8:22 pm
Location: United States

Postby Moneytalks » Sat Mar 02, 2013 9:15 am

MB131174 wrote: Instead of keeping the PRG, today I called and had them convert it to the green card. The only thing I'll be missing out on is the 2X on gas & groceries (which isn't a big category for me), so I feel the savings are worth it to go down to green.


Good choice MB, the Green is still a good card to have :)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

jlam572
Centurion Member
Centurion Member
 
Posts: 494
Joined: Wed Aug 01, 2012 12:04 am
Location: Hawaii

Postby jlam572 » Mon Mar 04, 2013 5:21 am

Never been told that by a CSR, but you can check your purchasing power on the amex website.
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
USAA Amex
Capital One Visa Platinum
Citi Diamond Preferred MC



Return to “American Express”

Who is online

Users browsing this forum: No registered users and 1 guest