How do I find out spending power on Amex?

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VisaSpeak
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How do I find out spending power on Amex?

Postby VisaSpeak » Thu Jun 06, 2013 5:22 pm

I was approved for the PRG and haven't received it in the mail yet, but I am curious about how much spending power I was given. Anyway to find out now?

It says the card will come 2-3 days from UPS. Anyone know what state they are shipping from?


Robrus1
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Postby Robrus1 » Thu Jun 06, 2013 5:53 pm

My advice would be to wait a few months to establish a good pay history and let them see an average spend before checking. You can check through your online account with the "check spending availability" button. Now I think the link to it is called "will my charges be approved?" You can also call the # on the back of your card and tell them how much you'd like to spend and ask them if they will approve it or not.
Amex Platinum
Amex BCP 21K
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jrv
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Postby jrv » Thu Jun 06, 2013 5:53 pm

Congratulations. According to AMEX "No Pre-Set Spending Limit does not mean unlimited spending. Purchasing power adjusts with your use of the Card, your payment history, credit record, and financial resources known to us, and other factors." That being said, I have charged tens of thousands of dollars on my AMEX without being flagged. The only time I was ever stopped was when I went to fill up my car at the gas station for a $40 purchase. Go figure! Claimed they couldn't reach me at work to verify some info. You can also got to their website and type in "status of application" to check.
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AMEX Blue 15K
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First National Bank Omaha Platinum Visa 25K
Citi Simplicity 11K
Drawer:
50K Total

VisaSpeak
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Postby VisaSpeak » Thu Jun 06, 2013 6:53 pm

Robrus1 wrote:My advice would be to wait a few months to establish a good pay history and let them see an average spend before checking. You can check through your online account with the "check spending availability" button. Now I think the link to it is called "will my charges be approved?" You can also call the # on the back of your card and tell them how much you'd like to spend and ask them if they will approve it or not.


yea, but Id rather know my limit before spending the card. I used check stauts on website and all I see is "approved"

Robrus1
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Postby Robrus1 » Thu Jun 06, 2013 6:58 pm

VisaSpeak wrote:yea, but Id rather know my limit before spending the card. I used check stauts on website and all I see is "approved"


Then perhaps you should've applied for a card with a hard 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

MemberSince99
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Postby MemberSince99 » Thu Jun 06, 2013 7:04 pm

You can call the CSRs and just ask them if you would be approved for what you would realistically spend (seriously please do NOT call up and toy with them and say a trillion dollars, just to see what will happen, they don't have a sense of humor about that, it's like going to the police station and walking up to the desk sergeant and asking him where do they keep the guns and the drugs). Or wait until you get and activate the card, and go online and use that will my charge be approved button. It's really not that hard, and it will grow with use and good payment history.

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Snowman
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Postby Snowman » Thu Jun 06, 2013 7:07 pm

I think it is better if you called and ask. What did you list as your income? because from what I have heard, it is I think 1.5X your income or something like that. But it adjusts over time depending on what your spending is like. Or you could have gone for a revolver...lol.
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.

MemberSince99
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Postby MemberSince99 » Thu Jun 06, 2013 7:13 pm

I don't think 1.5x your income is correct Snowman, I've heard of people having limits of 55k they built up over a year or two. But to start, it's way less than that. I checked mine on my Gold when I got it, it was declined for 5k but approved for 4k. Some folks start with less than that part of it is based on income but they use other factors as well.

Speaking of which I'm pulling for you to have the BCE man.

VisaSpeak
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Postby VisaSpeak » Thu Jun 06, 2013 7:29 pm

I used $70,000 as income

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Snowman
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Postby Snowman » Thu Jun 06, 2013 7:49 pm

MemberSince99 wrote:I don't think 1.5x your income is correct Snowman, I've heard of people having limits of 55k they built up over a year or two. But to start, it's way less than that. I checked mine on my Gold when I got it, it was declined for 5k but approved for 4k. Some folks start with less than that part of it is based on income but they use other factors as well.

Speaking of which I'm pulling for you to have the BCE man.



99- Forgive me if I'm wrong but that is what I heard. I agree, I have heard of people having 10-15k balances at a time on a charge card but that is what I heard. When I called in, they told me internal limit was 4k. But the most I spent in a month with them was 740$, but I'm happy with that and there is no I'd ever spend 4k in a month, but good to know it is there if I ever need it.

Visa- Ahh, then you should probably have a good internal limit, I would assume 5-6k but, I could be wrong as it depends on their scoring and internal systems.
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.



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