Charge Card Declined due to High Spend?

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Robrus1
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Charge Card Declined due to High Spend?

Postby Robrus1 » Fri May 17, 2013 12:47 pm

I was curious if anyone has spent enough in a billing period to have a charge declined due to really high spend, but no late payments. It hasn't happened to me but I can't help but wonder just how much they'd let me charge before saying something. I spent more on my Platinum in the last 30 days (by far) than I have ever spent with them before and everything was fine. Just bored, curious, felt like starting a new thread.
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MemberSince99
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Postby MemberSince99 » Fri May 17, 2013 1:53 pm

I'm not sure. I never exceeded what my internal limit was on my cards. When I used the "Check your spending ability" button, one time on each charge card when I first opened it, I put in 5k, and it was approved according to what the message said. I put 5k because under ordinary circumstances I never saw myself using more than that in a month and if I did I'd call them to clear it first.

If you are curious try that, of course keeping it reasonable and not using the national debt, or then it becomes like asking them to F/R you. (In other words don't poke the bear no good can come from that). But to do it in a reasonable way I can't see what it would hurt.

DoingHomework
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Postby DoingHomework » Fri May 17, 2013 3:11 pm

I was in the middle of a $10k house project in the same month that our furnace went out and had to be replaced and made some tuition payments. Total bill that month was about $30k compared to typical of under $2k. Nothing was declined, nothing different seemed to happen. It was paid off at the end of the cycle of course but basically nothing different happened. I have no doubt that there is SOME limit for everyone based on many factors. But even charges at 15 times my normal spend to small merchants (contractors) I never charged with before did not trigger any limits.

pewpew
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Postby pewpew » Sat May 18, 2013 4:36 pm

my dad's story with amex: during a normal year he spent 15-20k on his amex card for a span of about 6 years. then one month he was doing home renovations, used the card to make a down payment on a car and did some business spending putting his total bill at 111K for that month. Amex didn't stop him. not even a call.

i probably should also mention that all his credit scores are perfect 850s, and he owns a house and a business. maybe that had something to do with it.
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BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
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FastSRT8
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Postby FastSRT8 » Sat May 18, 2013 9:28 pm

Never had an issue.

Remember.... it's based on your history with them. A long history without a blemish gives you a lot of leeway
Carpe diem quam minimum credula postero!

Robrus1
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Postby Robrus1 » Sat May 18, 2013 9:40 pm

FastSRT8 wrote:Never had an issue.

Remember.... it's based on your history with them. A long history without a blemish gives you a lot of leeway


I have no blemish and never will, but I've only been with Amex for about 14 months.
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fantasy86dj
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Postby fantasy86dj » Sun May 19, 2013 8:15 am

I have recently (within the past 30 days) got the AMEX Green Charge. Whilst in AU there is no tool to use to see what you can spend I was advised that I can go 8k no problem.

DieselRob
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Postby DieselRob » Sun May 19, 2013 2:31 pm

My limit is around 8k on my platinum. I put a $4000+ down payment on a new car, which was promptly declined.(exceeded 8K)

I was in the finance guys office at this time, so I made a quick call to American Express. The young lady I spoke to was very helpful, she said they would lift the limit of 8k on my card if I let them auto draft a $3000 payment on x day. She said my history with them was flawless, the decline it was merely because I have never gone over that amount.

Once I agreed to the -one- time auto draft they raised my limit and I was able to go above $8k

American Express could have told me to piss off, but they trusted me to have the money in there my bank on x date. I may call and pay it early as sort of thanks for working with me. I am a customer for life with them.
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Robrus1
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Postby Robrus1 » Wed May 22, 2013 10:11 pm

DieselRob wrote:My limit is around 8k on my platinum. I put a $4000+ down payment on a new car, which was promptly declined.(exceeded 8K)

I was in the finance guys office at this time, so I made a quick call to American Express. The young lady I spoke to was very helpful, she said they would lift the limit of 8k on my card if I let them auto draft a $3000 payment on x day. She said my history with them was flawless, the decline it was merely because I have never gone over that amount.

Once I agreed to the -one- time auto draft they raised my limit and I was able to go above $8k

American Express could have told me to piss off, but they trusted me to have the money in there my bank on x date. I may call and pay it early as sort of thanks for working with me. I am a customer for life with them.


That's interesting. Up until last month, my highest monthly spend had been about 6K. Last month it was almost 11K and they never said anything to me or declined any charges so I wonder how they calculate who they cap where, and why? I would assume reported income is a factor but I wouldn't think it'd be a too much of a factor until there have been payment issues or the spend has gone crazy high, but who knows.

DoingHomework and pewpew those are interesting stories as well. FastSRT8 yeah like you'd ever have a problem haha. If you get denied for a charge on that Cent card for too high of spend, you need to slow your roll. :)

I do remember when I applied for my first charge card it was over the phone, and I remember them asking me for my net worth/assets/income etc. Looking back I think I told them how much I have in retirement and investments as my net worth, which is dumb because it doesn't include assets. I don't see a place on the website to update any of that info, and I wonder if that's a determining factor in your no pre set spending limit limit.
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

DieselRob
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Postby DieselRob » Thu May 23, 2013 8:23 pm

Robrus1 wrote:That's interesting. Up until last month, my highest monthly spend had been about 6K. Last month it was almost 11K and they never said anything to me or declined any charges so I wonder how they calculate who they cap where, and why? I would assume reported income is a factor but I wouldn't think it'd be a too much of a factor until there have been payment issues or the spend has gone crazy high, but who knows.

DoingHomework and pewpew those are interesting stories as well. FastSRT8 yeah like you'd ever have a problem haha. If you get denied for a charge on that Cent card for too high of spend, you need to slow your roll. :)

I do remember when I applied for my first charge card it was over the phone, and I remember them asking me for my net worth/assets/income etc. Looking back I think I told them how much I have in retirement and investments as my net worth, which is dumb because it doesn't include assets. I don't see a place on the website to update any of that info, and I wonder if that's a determining factor in your no pre set spending limit limit.



When I spoke to the lady on the phone, she said they look at your history of spending. When I called to pay the $3,000, the man I spoke to said your credit score is also taken into account. He claimed it can be lowered/raised depending if the score dips. He did say you never really have a limit, but a spending ceiling based on all the information they pull from.

8k isn't something I do monthly, so I expected the decline of the charge but a simple call and a good history with them and they upped my limit so I could initiate my down payment.

Whether or not the platinum cardholder fee helped is anyone's guess.
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