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  1. #1
    Green Member
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    Default Will declined request to "Check Spending Ability" hurt my credit?

    I'm new to American Express charge cards and don't quite understand their NPSL model yet. Does making multiple requests a month raise any red flags? Does a declined request somehow affect your standing with Amex, or worse yet, your credit score?
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  2. #2
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    It's not a good idea to use that feature...

    What you should do is simply ramp up your spending. Start slowly, and as you build trust with them and use their card more often, then they will let you have more credit.

    When I first got my AmEx card, I put $500 a month, and my statement balance is around $5k this month. Take your time, and don't use that Check Spending Ability except for maybe once and one or two months. That thing is a Financial Review trigger.
    \\Eighteen year old looking to maximize credit, for myself and others.

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  3. #3
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    Why is it not a good idea to use that feature? I'd rather, for example, find out if I can spend $5,000 at a home improvement store now than get my card declined at the register. I'm about to spend enough money in the next few months to get points for round-trip tickets from LA to Hawaii for my girlfriend and me using the Gold Premier, so I want to make sure I can charge that much to this card.

    However, I'm nervous about clicking that button with a number like $10,000 in the box, when I have absolutely no history with AmEx in the past. Will something like that trigger a financial review? And more importantly, would that affect my credit score through a hard inquiry?
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  4. Platinum Member
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    I disagree, but only Amex knows for sure.

    I use the Check spending ability 2 times a day (the max I find that works, the 3rd time is an auto fail messaged) and probably 8 times a month. So over 1 month, at least 16 "checks".

    I have never had a finanical review.

    I keep trying to break the $100k ability mark. My max spending ability is $95k now. So every single time I try it, I first check $100k (denied), and then I follow up with $95k (always approved). Never a financial review and I have been doing these checks for over a year on my Platinum card.

    What I find strange is the spending ability stays the same if I have a balance or not. $0 balance, limited to $95k. With a $20k balance, limited to $95k. Pay off the balance (before statement closes), so back to $0 balance, and still a $95k spending ability.

    A few months ago my experiences were the same but with a max of $50k spending ability independent of my balance.
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  5. #5
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    I wonder what would happen if you ask for an amount that is obviously much lower than your spending ability and typical monthly balances...
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  6. #6
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    I laugh at people who feel they have to tip toe around Amex. I use the check spending ability button a few times a week. Some days they approve an amount and sometimes not. In the last few years, I have never been flagged for an FR. I use my Plat charge for everything business trips, personal, pay bills, etc...
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  7. #7
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    I just called and asked what the spending limit is for my GF's new Premier Rewards Gold card. She listed her income as $50k and the spending ability is $9850. The spending limit they choose really doesn't make sense... at least not to me. But I'll take it.
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  8. Green Member
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    Quote Originally Posted by Fartanywherecard View Post
    I just called and asked what the spending limit is for my GF's new Premier Rewards Gold card. She listed her income as $50k and the spending ability is $9850. The spending limit they choose really doesn't make sense... at least not to me. But I'll take it.
    It's usually double your monthly income. If you do the math, that seems about right. Give or take a few hundred.
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  9. #9
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    Quote Originally Posted by rmferrer View Post
    I laugh at people who feel they have to tip toe around Amex. I use the check spending ability button a few times a week. Some days they approve an amount and sometimes not. In the last few years, I have never been flagged for an FR. I use my Plat charge for everything business trips, personal, pay bills, etc...
    I agree. I've used the check spending ability feature several times myself and I don't think it ever affected anything. I still get invitations for their other products.
    American Express Gold Premier Rewards, American Express Blue Cash Preferred, Citibank Diamond Preferred, Chase Card, Chase Freedom, PC Richard Credit Card
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  10. #10
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    Oh man, you should not be playing wildly with that button, if you do that, you might as well call them up and ask for an F/R. It may or may not trigger it but why risk it?

    And by playing with it I don't mean periodically checking a reasonable amount - that should be fine. I mean going in there and playing with it like putting in 500k then a million, just to see what happens. That's not worth the risk of grabbing their attention, because if you do grab it, it won't be attention you're likely to enjoy. It's kinda like waltzing into the local cop shop and walking up to the desk sergeant and asking him where they keep the guns and the drugs - you'll get his attention, and you probably won't like what happens next.
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