How do I find out spending power on Amex?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Ratfacedudeguy
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Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 07, 2013 9:37 am

Hey MemberSince99, looks like May was a good month for you! I leave the forums for a few months and then I come back to see you back in with Amex and rockin' that CSP in the sig -- good for you man!

Another thing that should be mentioned to the OP is that the online spending limit tool will only allow you to use it twice in 24 hours last I checked. I've also heard of people getting hit with a Financial Review (FR) after going ape on the spending tool as well, so use it sparingly and realistically, tempting as it may be.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13


Reclusive46
Centurion Member
Centurion Member
 
Posts: 222
Joined: Mon Oct 24, 2011 4:04 am
Location: UK

Postby Reclusive46 » Fri Jun 07, 2013 9:44 am

Does anyone know what happens if you have two charge cards.

If I spend loads on my gold but not on my platinum, does that mean that the exposure on my platinum will become low or are all charge card exposure limits shared?
Amex UK Platinum Charge Card
Amex Blue Cash USA
Amex US Gold Corporate Card
World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)

Ratfacedudeguy
Centurion Member
Centurion Member
 
Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 07, 2013 9:58 am

I have two charge cards, but I've never been put in a position to test that theory (actually to be honest I haven't really used them for the better half of a year). I will say that both of mine appear to have the same spending limit, around $6k or so, but seeing as Amex were only willing to extend me a $1k revolver on top of those, I would assume that multiple charge cards would pull from a singular max spending limit.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

MemberSince99
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Fri Jun 07, 2013 10:14 am

Ratfacedudeguy wrote:Hey MemberSince99, looks like May was a good month for you! I leave the forums for a few months and then I come back to see you back in with Amex and rockin' that CSP in the sig -- good for you man!

Another thing that should be mentioned to the OP is that the online spending limit tool will only allow you to use it twice in 24 hours last I checked. I've also heard of people getting hit with a Financial Review (FR) after going ape on the spending tool as well, so use it sparingly and realistically, tempting as it may be.


Hi Ratfaced! I wondered what happened to you. Welcome back! Hope all is well with you.
Yeah I got back in with Amex, this time I'm not closing the cards.
And yes, I got the CSP I was shocked on that one. I app'd for it, figured why not what do I have to lose but an inquiry and I'd gladly give that for a shot. Couldn't believe I got it, or that I got Amex.
And yes I've tried to warn people not to go bananas on that thing, putting in a reasonable amount I've never had a problem, but I wouldn't put in some ridiculous thing just for kicks. They are liable not to like that.

Welcome back!

Ratfacedudeguy
Centurion Member
Centurion Member
 
Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 07, 2013 10:37 am

MemberSince99 wrote:Hi Ratfaced! I wondered what happened to you. Welcome back! Hope all is well with you.
Yeah I got back in with Amex, this time I'm not closing the cards.
And yes, I got the CSP I was shocked on that one. I app'd for it, figured why not what do I have to lose but an inquiry and I'd gladly give that for a shot. Couldn't believe I got it, or that I got Amex.
And yes I've tried to warn people not to go bananas on that thing, putting in a reasonable amount I've never had a problem, but I wouldn't put in some ridiculous thing just for kicks. They are liable not to like that.

Welcome back!


Thanks buddy. Truth be told I was staying away for a while because I felt like my card portfolio was satisfactory and hanging around here just kept giving me the app itch! And you know I could care less about an inquiry but.... yeah. I had (have) way. too. many. And I've been slipping with managing my finances as well and am now carrying balances again (ugh!). Now that I'm single and living at home again that should turn around in due time (1 paid off, 3 more to go!).

Now the only thing I'm considering doing card-wise is either upgrading my Green to a Gold or cancelling it altogether since I just got hit with my first AF and I don't really use it. Speaking of which, what made you decide to get back in with them again? I'm just looking at all the other cards that I've got and I'm finding it somewhat difficult to justify hanging onto a charge card with an AF. Worse comes to worse I still have my Zync and BCE with no AF, but still it seems like Amex just isn't competitive in the market these days. You've got the dwindling MRP value, the axed Points Mall, plus high AFs. Even Discover (noticeably absent from your sig?) has stepped up in terms of benefits where they are now offering price protection and the like. If I'm missing something please let me know.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

MemberSince99
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Location: WI

Postby MemberSince99 » Fri Jun 07, 2013 10:58 am

Don't do that balance thing. That's what happened with me too. One month I simply could not pay the balance for the first time and from there it snowballed until I was in WAY over my head and caused my eventual downfall (that and losing my job, but I made poor decisions).

I feel like my stack of cards is a bit much and my inclination is to thin the herd a bit. My Associated cards are on the chopping block. I'm not gung ho to close them, I plan to leave them inactive for a bit, and once the new cards finish reporting I might want to close at that time.

Also BofA and FIA are on the block. That would leave me with FNBO, Chase and the 2 Amex cards. The Amex are backdated to 99 which is why I will GLADLy give Amex the 125 a year even if I don't get a penny in rewards. It's worth it to me personally for that alone, I couldn't care less about the rewards on it. They could eliminate them altogether and I'd PC it if I could otherwise just keep it. The BCP is my groceries/gas/dept store card. Fits perfect with my spending.

What caused me to try again? Well as you know I was blacklisted, but I had read about their agreement with the government regarding collections and such, they paid a pretty heavy fine early this year, and they were giving some folks cards who had paid collections past the statute on charged off Amex cards.

I don't know how you would describe it, part of it was just a feeling of well if I'm still blacklisted (which I assumed I was) it won't even be a hard pull so what do I have to lose in that case? Nothing but the 5 minutes to apply (which is literally all it takes online). And if by some chance I get it, great! And part of it was just something, a feeling, told me to go for it. I can't explain that but I tend to follow those feelings sometimes even if I don't have a logical reason for them, as they seem to prove correct more than I'd like to admit.

So I did it. On the Gold, almost instantly, it said the we'll get back to you real soon message, and I assumed that was because I was blacklisted and they didn't even need to pull my credit is why it was so quick (it was literally 2 seconds max where normally it should take 20 or so). I was shocked to get the your new card has been approved email a few minutes later. It was an instant approval basically but I had read of others getting the same thing.

Same with BCP - I got the same message, but a few minutes later got the approval message.
So that's the scoop. I really hope to build things back to a nice state with Chase and Amex.
AS for Discover, oh man don't even get me started on them. I got frustrated that despite spending heavy money on their card and PIF as soon as the charges posted, nothing in terms of luv. Just nothing. I closed them, but then recently app'd again (last month) as I really love their great CS and the rewards and their shopping mall is great.

Got the we will get back to you message but that's nothing bad I always get that. Called them up, and heard I'd like to welcome you to the Discover family you get a 3k limit. I was like well that's great but I was really hoping for something more competitive with my current limit cards, you aren't even in the ballpark. She says well you have a 2k Barclays, and a 5.5k Amex card. I said those are closed - my lowest limit current card is 5k. She said well we need to see history on OUR card before we can give you a higher limit. I said that doesn't make sense you can see my history with you right on your screen, if you see the other cards I had you can see yours too, and you know I used them and paid in full on time every time, and you gave me higher limits than this before but now you say I get a lower limit because of my good history with you? She says well I can't increase your limit use it and pay in full and it will grow. I said that's why I closed the other cards I did that and they DIDN'T grow.
I closed it the same day I got it. Then they got all pissy about it, and sent me a denial letter saying I was declined and the reason why was that my credit profile doesn't support the limit requested. That was adding insult to injury, but the card won't show as opened so what the hell I guess. But that insult will be remembered.

That's why I don't have them in my wallet today.

Ratfacedudeguy
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Posts: 362
Joined: Wed May 30, 2012 8:10 pm
Location: Baltimore

Postby Ratfacedudeguy » Fri Jun 07, 2013 1:01 pm

Man, I'm beginning to think we're going through two different Discovers. That is pretty ridiculous, but I'm pretty sure if I apped with them again they wouldn't give me anywhere near the limit I have now. In spite of this, I do have a feeling that I'm about to max my growing potential with them rather soon, so I'll just be happy that they extended me a limit that is nearly $3k more than any of my other accounts for the time being.

And yes, carrying balances is most certainly a snowball effect. I was so pissed to see it start happening too (again....), but hey, like all things credit it will just take a bit of time. Currently the only balance that I'm paying any interest on is on my CSP and I have a good while to get the rest of them in line before the respective promo periods end.

Back to Amex, yeah I can definitely see the backdating piece (duh, you are MemberSince99 after all!). So you now have, what, 5 cards or so that are currently reporting opened in '99 on your credit report? That's gotta do wonders for your AAoA. Wish I had an ace in the hole like that, but alas, in 1999 I was 9, and therefore not able to acquire Amex membership. It's kind of upsetting actually because knowing what I know now, I probably could have gotten in with them much earlier than I did but I never pulled the trigger because every site I checked stated that their charge cards required "Excellent Credit" (lol).
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

Reclusive46
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Posts: 222
Joined: Mon Oct 24, 2011 4:04 am
Location: UK

Postby Reclusive46 » Fri Jun 07, 2013 1:15 pm

Something I've noticed about the US credit limits is that they seem to be quite low in general. Some UK reward cards (Like the Capital one cashback card) has a minimum credit limit of £10K (About 15100 US dollars).
Amex UK Platinum Charge Card

Amex Blue Cash USA

Amex US Gold Corporate Card

World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)

benhollberg
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Location: Salt Lake City

Postby benhollberg » Fri Jun 07, 2013 10:20 pm

VisaSpeak wrote:so you could basically buy a car with your AMEX?


One day I'll get the nerve to type in over $100k but I don't want to get a financial review thrown at me.

MemberSince99 wrote:Sure if you have the money to pay it when the bill comes due, and if the dealer will let you (few will due to the fee). Some people do it.


That's a good point. I have never bought a car so never that about that. I would love to charge a car to a credit card, something I'll have to talk to a dealer with first.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

VisaSpeak
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Location: NJ

Postby VisaSpeak » Sat Jun 08, 2013 7:08 am

where is my card :(



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