What I'd like to see Amex do

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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MemberSince99
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What I'd like to see Amex do

Postby MemberSince99 » Thu Mar 06, 2014 6:18 pm

Having read stories of people who went nuts on the "Check my spending ability" button and apparently triggered an F/R for their efforts, I got to thinking about how I'd like Amex to handle the whole NPSL thing.


It's kind of a pain not knowing what you can spend at any given time. There is no way to even guess other than going to that button and hoping it doesn't trigger their attention in unwanted ways.


Why not just put your current internal limit on the page? What could that hurt? Then you'd at least know where you stand without drawing attention and you wouldn't have to worry about being declined for a purchase (because who wants that) barring some security issue.


That way they could still maintain a NPSL that changes with your history with them but you know exactly where you stand at any given time avoiding hassles.


lexrj
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Postby lexrj » Thu Mar 06, 2014 7:10 pm

MemberSince99 wrote:Having read stories of people who went nuts on the "Check my spending ability" button and apparently triggered an F/R for their efforts, I got to thinking about how I'd like Amex to handle the whole NPSL thing.



As far as I know and read about "check your spending ability" triggering FRs is more of a myth than anything, however, I do agree that it would be a nice idea to know your limit.
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MrMosby
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Postby MrMosby » Thu Mar 06, 2014 7:33 pm

Frankly, I'd more prefer to see them have a revolving limit (which you do have a $30K revolving limit if you have the pay over time feature) with NPSL on top of it like Visa Signature does, and report that amount to the credit bureau as your limit.

It would help a lot of peoples credit and is more transparent.
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otter
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Postby otter » Thu Mar 06, 2014 8:27 pm

Personally, I think the concept of charge cards is a bit antiquated. At one time (1950's and 60's) all cards were charge cards. Now, Amex is the only issuer of charge cards (at least in the US). I think the pay over time feature is sort of a "test" by Amex- I think they are entertaining the idea of converting their green/gold/plat into revolvers. I think at some point, the centurion card (and perhaps the platinum) will be the only charge card left.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
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thom02099
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Postby thom02099 » Thu Mar 06, 2014 8:47 pm

otter wrote:Personally, I think the concept of charge cards is a bit antiquated. At one time (1950's and 60's) all cards were charge cards. Now, Amex is the only issuer of charge cards (at least in the US). I think the pay over time feature is sort of a "test" by Amex- I think they are entertaining the idea of converting their green/gold/plat into revolvers. I think at some point, the centurion card (and perhaps the platinum) will be the only charge card left.


You're right, they are a bit of an anachronism; something from the past that maintains a presence in the here and now. The pay over time is the old "sign and travel" that I had on my first card back in the 70s, that old classic Green card. Back in those days ya had to call in to activate that feature and you'd get a separate line item statement on your monthly, mailed statement. For the majority of consumers, I think there's still some sort of mythical quality about the chargers, due to AMEX's incredibly successful marketing over the years.

Do they still have a place for consumers? I think only time will tell, depending on how, and if, the cards evolve to some sort of hybrid type card.

And I agree with Member...would be great to have that internal limit somewhere on one's statement.
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MrMosby
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Postby MrMosby » Thu Mar 06, 2014 8:49 pm

This is specifically why I've held off on jumping back on the Platinum bandwagon. I can definitely sense that Amex feels the need for change, but who knows what thats going to look like.
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takeshi
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Postby takeshi » Fri Mar 07, 2014 9:31 am

otter wrote:Now, Amex is the only issuer of charge cards (at least in the US).

Not true. Take a look at the Ink Bold. I know it's a business card but it is a charge card. It's not the only other one out there, IIRC.

otter wrote:Personally, I think the concept of charge cards is a bit antiquated.

thom02099 wrote:You're right, they are a bit of an anachronism

thom02099 wrote:Do they still have a place for consumers?

Antiquated/anachronism is a bit of an oversimplification based on a specific perspective IMO. They're certainly handy for those that don't want revolving utilization affected. I have no need for them but others certainly do. If one wants a revolver then one can get a revolver.

Reclusive46
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Postby Reclusive46 » Fri Mar 07, 2014 11:04 am

I have to say I've never found the NPSL a problem, they've always approved my charges and they generally seem to let me spend more than some credit lines I get on credit cards.
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jlam572
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Postby jlam572 » Fri Mar 07, 2014 11:06 am

MrMosby wrote:Frankly, I'd more prefer to see them have a revolving limit (which you do have a $30K revolving limit if you have the pay over time feature) with NPSL on top of it like Visa Signature does, and report that amount to the credit bureau as your limit.

It would help a lot of peoples credit and is more transparent.


EXACTLY. God I wish they would do this.
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