Amex Gold Premier Rewards spending ability

[Anonymous]

I just received this and want to charge $8,000 for a holiday party I'm planning. I maxed out my checking spending abilities online and was wondering what the lowest limit is for new card holders.

[jon22guitar]

If I'm not mistaken, this card has NPSL, so you should be able to make the charge. Just be sure to pay most of it off soon. 

[longtimelurker]

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@jon22guitar wrote:

If I'm not mistaken, this card has NPSL, so you should be able to make the charge. Just be sure to pay most of it off soon. 

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Just means no preset (communicated) limit: it COULD be that Amex is unwilling to let OP charge more than $5k for example.  But hopefully not.

[jon22guitar]

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@longtimelurker wrote:

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@jon22guitar wrote:

If I'm not mistaken, this card has NPSL, so you should be able to make the charge. Just be sure to pay most of it off soon. 

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Just means no preset (communicated) limit: it COULD be that Amex is unwilling to let OP charge more than $5k for example.  But hopefully not.

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+1

OP: Call Amex and ask if you have any sort of "limit", or if this 8k charge would be approved. Good luck Let us know what you're able to find out!

[Anonymous]

I've tried this but they say that the online tool is locked for them too. Seems silly to me.

[Anonymous]

It goes off your history and internal risk score.

[Jarrodpd]

The only thing I have going for my profile right now is a decent credit score because my yearly income is under $10K, over this past week I have put a little over $2.5K worth of charges on my PRG Charge. Mind you this is only my theoretical second month(second billing period), My largest purchase was a $2k down payment on a car and on top of that I have spent another $500 on this card(PRG) and another $400 on my HHonors card. Whenever I was checking my spending ability a few days ago, for fun I put in $3k and it told me I was approved to make a purcase for that amount. YMMV, but if you make more income then me and have a decent score I dont think there would be much of an issue. Maybe break the transaction into two parts.

[Berk]

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@Jarrodpd wrote:

my yearly income is under $10K,

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Yet you want to charge 8k for a party?!!!

Remember, this is a CHARGE card that must be paid in full every month unless AMEX extends the Pay Over Time option to you. In which case you will be paying something like 18% interest.

Also, you spending ability with this card can change daily based on the computer matrix that AMEX uses.

[Anonymous]

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@Berk wrote:

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@Jarrodpd wrote:

my yearly income is under $10K,

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Yet you want to charge 8k for a party?!!!

Remember, this is a CHARGE card that must be paid in full every month unless AMEX extends the Pay Over Time option to you. In which case you will be paying something like 18% interest.

Also, you spending ability with this card can change daily based on the computer matrix that AMEX uses.

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I think you are mixing up two different posters. The one asking to charge 8k on a card and the one with 10k income are not the same. 

ChrisKChris: Does the check spending tool not work period? I thought it reset each day and you can try tomorrow?

[Berk]

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@Anonymous wrote:

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@Berk wrote:

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@Jarrodpd wrote:

my yearly income is under $10K,

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Yet you want to charge 8k for a party?!!!

Remember, this is a CHARGE card that must be paid in full every month unless AMEX extends the Pay Over Time option to you. In which case you will be paying something like 18% interest.

Also, you spending ability with this card can change daily based on the computer matrix that AMEX uses.

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I think you are mixing up two different posters. The one asking to charge 8k on a card and the one with 10k income are not the same. 

ChrisKChris: Does the check spending tool not work period? I thought it reset each day and you can try tomorrow?

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You are correct. I apologize to all involved for my inability to see the obvious.