amexguy321 wrote:I have never carried a balance ever and dont plan on to. Still funny how they would approve a purchase of 20k with a 10k income
They have an internal scoring system they use, based on what they know about you from your credit reports, history with them, income and assets, etc that determines that limit they will extend you. From what i understand it grows over time and some people get a pretty high internal limit.
I only tried it one time on each charge card I had with them - I tried 5k. It was approved in each case. I never touched the "Please F/R Me" I mean "Check spending ability" button again.