Move spending to other cards?

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amexguy321
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Move spending to other cards?

Postby amexguy321 » Thu Feb 28, 2013 7:21 pm

Hey guys!

I was wondering whether I should move some of my spending away from Amex for the following reason.... I have 3 cards from them with a stated income of 10K (student). Last year I spend around 9k on their cards. However I recently bought a couple macbooks for my sister and myself, running the total over 3.5k. Now its only January and with summer coming up, vacations etc I am afraid of charging more than my income I reported to them... I never have problems paying it all off... Summer jobs etc. Don't want them to get suspicous.
Should I move some of my spending to my Chase Freedom? Amex is my primary card and have collected a whole bunch of MR pts.
However I dont want that financial review...


amexguy321
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Postby amexguy321 » Thu Feb 28, 2013 7:28 pm

funny thing is that the check your spending tool approves me for 20k... lol amex

MemberSince99
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Postby MemberSince99 » Fri Mar 01, 2013 6:20 am

I think if you did charge 20k they would approve, THEN promptly F/R you. That's just how they are.


Anyway, are you currently running a balance with them? If you are, and it's mroe than a few months, you are skating on thin ice. They don't like that is what I've been told. I can't speak from personal experience as I've never tried it - I paid in full even on the revolver I had with them. But my understanding is, they don't like to see people carry a balance over a long period of time.

So if you want to avoid F/R, yeah it would be smart to not do that. On the other hand if you were honest on the income you reported and it sounds like you were, you don't have too much to fear. They will probably put a hard limit on you for a while which is a pain, otherwise you'd likely be good.

But it's best to stay under their radar. So I suggest not carrying a balance with them, otherwise so long as you don't go nuts and you pay your bill, don't worry too much about it.

DavidNY
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Postby DavidNY » Fri Mar 01, 2013 8:35 am

If they do a F/R you can always tell them to take a hike.

amexguy321
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Postby amexguy321 » Fri Mar 01, 2013 10:51 am

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

MemberSince99
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Postby MemberSince99 » Fri Mar 01, 2013 3:02 pm

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.



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