08-16-2012 12:34 PM - edited 08-16-2012 12:34 PM
Just curious as to the relationship between ppl's spending avail on their Amex charge cards vs. the CL on their Amex revolvers? I'm guessing the spending limit on the charge cards would be higher?
08-16-2012 12:42 PM
No relationship: credit limit reflects how much they think you can safely borrow and pay back over time, spending limit reflects how much cash they expect you to have on hand at any given time. Example: I have a Hilton Surpass with 1k limit and have spent as much as 12.6k on a single zync transaction, with an average monthly spending of 5k.
08-16-2012 04:51 PM
I average from 7 - 10k a month on my Amex and recently charged $22,000 without a hiccup. I'm sure there's some sort of algorithm that looks at a soft pull, utilization, previous payment history, previous monthly volume, etc.
08-16-2012 05:17 PM
My BCE just got CLI to 19.5K. I had a zync closed it and opened the PRG charge. I don't know what the spending ability is because I've never tried hitting the button to see. I have faith that I could buy anything that I can afford so I just charge what I want. Believe me when I say I have never charged anything around 19.5K in a month on a charge card. So I doubt there's much of a correlation.
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