Amex revolvers can also be NPSL it would seem

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MemberSince99
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Amex revolvers can also be NPSL it would seem

Postby MemberSince99 » Fri Apr 18, 2014 6:43 am

I had read over on our favorite gardening club that Amex revolvers have a "2nd limit". The guy mentioned that he checked his spending ability and he was able to exceed it. Others tried the same and chimed in - some were not able to do this, while others were, in some cases by thousands of dollars.


So being curious myself, I checked it on my AEP this morning. When I went to the check spending ability screen for the card, it really piqued my interest when it said that this is not an application for a CLI and that they may authorize you to go over your limit but it must be repaid to under the limit by your payment due date, or verbiage to that effect. Anyway, I put in an amount slightly (a couple hundred) over my limit, and it said it would be approved at this time.


Needless to say I didn't keep prodding them but that does prove the point I think. It really would seem that the revolvers are also NPSL cards, with a hard limit that you can spend, but also an NPSL that may vary from that but you must pay it down to the limit, much like say a Visa Signature.


Interesting stuff.


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Dr.Mark
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Postby Dr.Mark » Fri Apr 18, 2014 6:46 am

That is interesting. I'm not sure it would be the same here in the UK as we don't have the check spending ability tool. But it might well be.
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]
[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]
[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]
[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]
[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]

TCL - [color=red]41200£[/color]

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Postby Patcell87 » Fri Apr 18, 2014 7:29 am

Yeah, as far as I can tell they treat the revolvers much like Visa Signature (as you mentioned). A few years back I needed to make a large purchase on my BCP (fully intending to PIF) and when I called customer service I was told that it would not be a problem. Indeed it was not; the charge went through just fine. It was about $500-$600 over my limit at the time.

And actually, the following month they gave me a CLI!

Reclusive46
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Postby Reclusive46 » Fri Apr 18, 2014 6:29 pm

Dr.Mark wrote:That is interesting. I'm not sure it would be the same here in the UK as we don't have the check spending ability tool. But it might well be.


Most credit cards here in the UK (including Amex) will let you go over limit, they'll just charge you £12 for the pleasure. You also risk having the transaction declined. Some won't charge you until the statement hits though (Lloyds Bank comes to mind) so as long as you make a payment before the statement date, you won't get a charge.
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Dr.Mark
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Postby Dr.Mark » Sat Apr 19, 2014 11:43 am

Reclusive46 wrote:Most credit cards here in the UK (including Amex) will let you go over limit, they'll just charge you £12 for the pleasure. You also risk having the transaction declined. Some won't charge you until the statement hits though (Lloyds Bank comes to mind) so as long as you make a payment before the statement date, you won't get a charge.


Good to know. I don' t really think I will ever need to go over my limit, though.
[font=Times New Roman]American Express PRG[/font] [color=green][NPSL][/color]

[font=Times New Roman]British Airways American Express[/font] [color=green][9000£][/color]

[font=Times New Roman]American Express Platinum Cashback Everyday[/font] [color=green][6000£][/color]

[font=Times New Roman]Barclaycard Platinum[/font] [color=green][16600£][/color]

[font=Times New Roman]Virgin Balance Transfer[/font] [color=green][9600£][/color]



TCL - [color=red]41200£[/color]

Reclusive46
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Postby Reclusive46 » Sat Apr 19, 2014 4:25 pm

Dr.Mark wrote:Good to know. I don' t really think I will ever need to go over my limit, though.


Me either. All my credit card limits are ridiculously high.
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Postby MemberSince99 » Sun Apr 20, 2014 7:53 am

Curiousity killed the cat as they say, but....this morning I tried 3000 and it said that would be approved and that's with pending charges (not much about 30 dollars worth).


I guess I might as well find out what I can really do with it. A bit at a time, every few days I'll go up a bit to see what the real limit is. There really is no sense to going nuts on that, but you may as well know what you can do.

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Postby rockyrock » Sun Apr 20, 2014 8:30 am

MemberSince99 wrote:Curiousity killed the cat as they say, but....this morning I tried 3000 and it said that would be approved and that's with pending charges (not much about 30 dollars worth).


I guess I might as well find out what I can really do with it. A bit at a time, every few days I'll go up a bit to see what the real limit is. There really is no sense to going nuts on that, but you may as well know what you can do.


You finally peaked my curiosity so I checked . My BCP has a balance of $1350 and $187 pending on a total limit of $17.5k. I put in a request to make a purchase of $18.5k and it was approved--that's nearly $3k over my available. Interesting.

Both my Platinum and SPG have a $0 balance with no pendings as a reference. Now, it is extremely unlike that I would ever exceed my limit on this card in any given month but nice to know...
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