Amex hard limit removed!

[Happychap]

Exactly 12 mths since they placed a 5k hard limit on my platinum I just logged in and now see the 'No pre-set limit'! I actually liked having a hard limit as I knew how much I could charge😣

[yudeology101]

WTG! 

[pr0blumz]

Just know that now every balance that reports is 100% utl. I have always wondered how that would effect one's scoring.....the whole charge card thing.

[Happychap]

I usually pif before statement cuts apart from now as my 450 annual fee has been charged on cutoff date😣

[alvon123]

congrats

[pr0blumz]

I have heard of that happening to multiple people.

[gdale6]

Congrats

[titanofold]

---

@pr0blumz wrote:

Just know that now every balance that reports is 100% utl. I have always wondered how that would effect one's scoring.....the whole charge card thing.

---

It will effect DTI, but it has no effect on utilization. So, it isn't really considered at 100% utilization, it's just considered as "you owe $x on the charge card". That reason alone makes charge cards attractive to a lot of us.