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.