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Contributor
pat0812
Posts: 93
Registered: ‎09-10-2012
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AMEX NPSL Question

Hello,

 

I was just approved for an AMEX PR GOLD

Does anyone knows what is the internal limit you start with ?

I tried the spending ability button online on my account for $1000 and $700 and both times it didn't approve that amount

 

What is the best way to increase this limit ? Max the card and pay off in the middle of the statement cycle and heavy use it again? or just heavy use it once and pay it once a month?

 


Starting Score: EQ 683 TU 714
Current Score: EQ 683 TU 714
Goal Score: EQ 740 TU 740


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Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
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Re: AMEX NPSL Question

Just use the card as you normally would.  If you naturally run into a declined charge, then pay off the card in full.  I think it's best to start using the card like you really intend to as soon as you get it, so Amex can quickly gauge what type of customer you are.  After a few months, you won't have to worry about your internal limit unless making an abnormally large purchase.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: AMEX NPSL Question

[ Edited ]

Koop10010 wrote:

Just use the card as you normally would.  If you naturally run into a declined charge, then pay off the card in full.  I think it's best to start using the card like you really intend to as soon as you get it, so Amex can quickly gauge what type of customer you are.  After a few months, you won't have to worry about your internal limit unless making an abnormally large purchase.


+1 I think Koop10010 is correct. I would start off slow first few months.

 

1st month: spend 500-1k

2nd month: spend 1k-1.5k

3rd month: spend 1.5k-2k

4th month: spend your normal routine.

 

Sorry if the spending scale is wrong for you. It's just an example.

 

I paid my bi-weekly/or before the statement cut :smileywink:

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
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webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: AMEX NPSL Question

Sounds like there is a flag on your account for some reason. This happened to me when my zync was brand new. You may have to call and verify that its you. You can ask about your internal limit at that time.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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MyFICO Fitness Goal: 800s Club!



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Established Contributor
YahComb
Posts: 599
Registered: ‎03-10-2012
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Re: AMEX NPSL Question

you said you were just approved-do you actually have the card yet? I think AMEX likes to cap spending ability on charge cards until they are activated.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Valued Contributor
Duncanrr
Posts: 2,857
Registered: ‎06-08-2012
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Re: AMEX NPSL Question


YahComb wrote:

you said you were just approved-do you actually have the card yet? I think AMEX likes to cap spending ability on charge cards until they are activated.


+1 if the account is brand new you maybe under the temporary internal limit until you activate the card. I used 1.1k first month, 5.5k the second month and I just started the third and have 500 on it right now. If you plan on large purchase early in history I strongly suggest calling it in prior to running charge. I did this the second month and no problems.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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cashnocredit
Posts: 1,030
Registered: ‎07-18-2009
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Re: AMEX NPSL Question

I charged almost 10k the first month I had my Amex but prepaid the bill after about 6k was on the balance,

 

Several months later I needed to make a charge over 20k and, for the first time, checked my spending limit first. While it was approved I noticed they softed TU (and possibly others) on the same day I checked SL.

 

Hard to figure out exactly what they do to set spending limit but I suspect they may well pull from CRAs real time for higher charges. No idea what they are looking for but it appears highly automated.

 

Since then I haven't a reason to charge larger amounts but just use it.  I also carry backup just in case.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: AMEX NPSL Question

I have BCP, and was surprised to see the link to "Check your Spending Ability" on a credit card  (My assumption is that I can spend up to my CL, maybe the check allows me to see if I can go above).  So I just tried with a made up figure, fortunately  only 5% of my CL.  To my surprise once it is approved, my "Available Credit" is reduced by that much.  So I guess it's like a Pending Charge, so I have learnt not to do that again!

Contributor
EmpressLuv
Posts: 84
Registered: ‎08-29-2012
0

Re: AMEX NPSL Question

I recently got mine in July and a charge of mine was declined with a call in message..the girl told me my internal limit was $2500 since it is new and they had to gauge my spending habit and payment history before it can be higher...so i said ok no problem.  I added my husband on it the following month just telling him that together let's try not to spend $2500 and we have kept it so, then last month we both had car issues and had to do some maintenance.  We ran up to $3600+ on it and everything was fine....but from July to now we have always paid as soon as the statement is cut so i don't know if that is why the internal limit has increased.

My Wallet: AMEX Gold NPSL, Express 1050, Victoria Secret 1750, Macy's 2K, Kay's 7600, Capital One 1.15K, Capital One 2000, Quicksilver 1500; QVC 1600, Walmart 2700, Pier 1 1250, Kohl's 700, JCrew 1250, JCPenny 2900, Discover 1500, Lowes 3000

Current Scores: Lender Pull: 2/16/13 TU: 672 EX: 681 EQ: 671
Goal Score: 700
Valued Contributor
jamesdwi
Posts: 1,970
Registered: ‎09-16-2011
0

Re: AMEX NPSL Question

If you were approved for NPSL, usually your internal limit starts at least 1k, I have tested over 3k on mine, never had a charge declined, But the golden rule is never spend more than your monthly income at least not in the first few months. Charging more than your monthly income is a trigger for an FR. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
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