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03-06-2008 08:15 AM
03-06-2008 10:27 AM
I thought Charge cards does not have preset spending limit. Interesting you could find out it on your account.
Phouchg wrote:Checked my AMEX green card online this morning. Instead of reading "No Pre-Set Limit" like it normally does, that field now contains "$1437 available credit". Outstanding balance is $62.60 so far this month. I pay it in full each and every month, usually within 24 hours of the statement closing. My highest balance ever was $1116, which was paid in full right away. Why are they reporting credit limit now?The only thing I can think of is that I recently applied for and was approved for sign & travel/extended payments and flexible options. Does that cause the actual credit limit to be displayed??
03-06-2008 11:07 AM
03-06-2008 11:16 AM
Yes, you are right. As the credit experience built with them, they will increase the limits.
Phouchg wrote:Even though there is no "pre-set" spending limit there is apparently an "exposure limit" which is a secret maximum amount that may be charged per month. This changes based on income, payment history etc.I do know that when I got the card in May I attempted a small charge that would have put my monthly amount over $500. It was declined so I called AMEX and they approved it. The next month I topped out over $1000, but paid it 24 hours after the statement closed - so I suspect that being a new cardholder I had to establish a bit of a pattern before having a higher exposure limit.
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