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@Open123 wrote:Of course, you should use the button when you need to know what you can charge at any given time.
I'm sure there's harm in doing so. I would advise pressing it 50 times per day though.
That's a no brainer. I have pressed it 3 times since January. All times, I haven't come close to charging the allotted amount.
@logan_720 wrote:
@Open123 wrote:Of course, you should use the button when you need to know what you can charge at any given time.
I'm sure there's harm in doing so. I would advise pressing it 50 times per day though.
That's a no brainer. I have pressed it 3 times since January. All times, I haven't come close to charging the allotted amount.
I've read that the charge card internal limits increase rapidly with good payment history... much faster than a revolver from Amex. I've been lurking in the business forum, and a lot of business owners are starting with 2-5k internal limits and paying a lot in the first cycle, and are now at over 50k internal limits. I suspect Amex looks at your spending pattern and payment pattern as well as income when setting the internal limit.
I started with a 2,200.00 internal limit in early febuary and now am definitely over 5,000.00 for internal limit (soon to be higher after a big spending month once I pay). It grows much quicker than a revolver would once you have shown them you will pay on time.
@Anonymous wrote:i want to try it andjust put like 3000 or 4000
The method I use to test my spending limit is to pay all my typcal bills for the month on the card, for example if that is $2000 and I want to test to see if I have a $4000 limit, I use the button to check if i can run a $2000 additional on the card, it may be less impactful to AMEX than if i just tried $4000 on a card with a zero balance showing. Then I usually PIF shortly after that
They don't really care if you use that check spending ability button but just don't go crazy with it. It is there for a reason, not to punish you for being curious.
Im still on my $500 auto pay . I figured I would check it. Here is the message I got. "This request exceeds the limit on this account. Please go to Pay Bill to make a payment to bring your balance down so you'll have more room to spend".
@webhopper wrote:
I would put whatever you would reasonably expect to spend during a cycle
I agree with this, playing with it only ignites trouble in the future if the amount you put in is not reasonable.