cancel
Showing results for 
Search instead for 
Did you mean: 

Amex maximum exposure?????

tag
mark293
Regular Contributor

Amex maximum exposure?????

I just received my JPM Ritz and decided to apply for the last card I wanted, the Blue Card Everyday. It was an instant approval for ugh, $1000.00. The Amex rep I spoke with informed me that amount was authorized because I had $99,000 in available credit. I haven't totalled everything up but I do not think I reached that amount yet. He went on to say Amex will not extend credit when a customer has reached $100,000 of available credit. I'm call BS. What say you my fellow fico'ers?

Capital One Venture- $30,000, CSP- $29,500, PenFed Promise Visa- $26,000, NASA Federal Credit Union Platinum Visa- $25,000, NASA Federal Credit Union PLOC- $25,000, Amex BCE- 23,500, Merrill +- $23,000, Western Federal Credit Union PLOC- $20,000, OCCU Platinum Visa- $20,000, Randolph Brooks Federal Credit UnionPlatinum Visa- $20,000, Security Service Federal Credit Union PLOC- $20,000, Security Service Federal Credit Union MasterCard- $15,000, Allied Credit Union Visa- $15,0000, BBVA NBA Amex $15,000, Houston Police Federal Credit Union Platinum Visa- $15,000, Amex PRG NPSL, Discover IT- $14,300, DCU Platinum Visa- $10,000, Smart Financial CU Platinum MC- $10,000, Citi Hilton Honors Visa- $7500, USAA Platinum Visa- $7000, GEMB/Dillard's-$7500.00, GEMB/JCP-$10,000
Message 1 of 26
25 REPLIES 25
youngandcreditwrthy
Senior Contributor

Re: Amex maximum exposure?????

Hahahaha!
This is 100% BS.
I got bce with $100k avail
Then got my last cli to $20k+ with 149k of avail cred then got andw Delta w a $5k + lim with like 160-170k of cred. A good third of that was store credit but nonetheless well in excess of $100k.
Give it 60 days, ask for a 3xcli, then give 6 months and ask for another 3xcli.
You could go from 1k to 3k to 9k. Easy peasy
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 2 of 26
Crashem
Valued Contributor

Re: Amex maximum exposure?????

I think rep just making stuff up.  No idea why you got such a low line.  How is your Green Card usage and any payment problems (even under 30 days that arent reported)?  I assume you will get less than best terms and should get a letter why.  Not that I pay that much attention to the reasons as I find AMEX to just laundry list them, but hopefully give you some insight.  Have you checked credit reports lately?  Could there be a new negative lingering?

 

In any case, as young pointed out.  AMEX's benefit credit wise is the backdating and the consumer/credit frienly CLI policy.  Assuming your credit continues to be good, your AMEX should be one of your highest cards in less than 2 years even from 1k.

               LIMITS IN CARD DESCRIPTIONS
Message 3 of 26
Vikz27
New Contributor

Re: Amex maximum exposure?????

I think the rep means 100,000k internally in AMEX not for total credit.

In GE we have that wall of 100,000k but it's in internal credit, we don't care about other issuers and your credit lines with them unless you are not paying them as agreed.
Message 4 of 26
youngandcreditwrthy
Senior Contributor

Re: Amex maximum exposure?????

+1@ vikz
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 5 of 26
mark293
Regular Contributor

Re: Amex maximum exposure?????

If its internal with Amex then I should have a $99,000 window since I only have a 1k revolver with them. Scores are 740s with multiple new accounts. Credit history since 1987. Go figure. I will just SD it and let it grow with 3X.

Capital One Venture- $30,000, CSP- $29,500, PenFed Promise Visa- $26,000, NASA Federal Credit Union Platinum Visa- $25,000, NASA Federal Credit Union PLOC- $25,000, Amex BCE- 23,500, Merrill +- $23,000, Western Federal Credit Union PLOC- $20,000, OCCU Platinum Visa- $20,000, Randolph Brooks Federal Credit UnionPlatinum Visa- $20,000, Security Service Federal Credit Union PLOC- $20,000, Security Service Federal Credit Union MasterCard- $15,000, Allied Credit Union Visa- $15,0000, BBVA NBA Amex $15,000, Houston Police Federal Credit Union Platinum Visa- $15,000, Amex PRG NPSL, Discover IT- $14,300, DCU Platinum Visa- $10,000, Smart Financial CU Platinum MC- $10,000, Citi Hilton Honors Visa- $7500, USAA Platinum Visa- $7000, GEMB/Dillard's-$7500.00, GEMB/JCP-$10,000
Message 6 of 26
09Lexie
Moderator Emerita

Re: Amex maximum exposure?????

Maybe it's the multiple new accounts. The $100k limit is def wrong.
Message 7 of 26
navigatethis12
Valued Contributor

Re: Amex maximum exposure?????

Maybe they meant with your income they wouldn't go any more?

Message 8 of 26
enharu
Super Contributor

Re: Amex maximum exposure?????


@navigatethis12 wrote:

Maybe they meant with your income they wouldn't go any more?


Maybe for your income level and credit history, Amex feels that 100k is the maximum credit exposure you should have for now.


But, it's also possible that the CSR doesnt know what he/she is talking about.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 9 of 26
Crashem
Valued Contributor

Re: Amex maximum exposure?????

OP doesn't have anywhere near 100k exposure to AMEX.  I highly doubt they mean 100k total revolving limits as there are lots of people with that.  If it was an issue, we would have heard it much more from others.  Even if it was based on his income, we would have heard it more often from others.

 

The fact is that the OP got a low limit outlier from AMEX which seems strange given his other limits.  I can pretty much tell you the quoted reason is BS.  Fact is AMEX is heavily computer based for these decisions and "helpful" reps try to justify what the computer says.  As to the real cause(s) of the low limit, if the OP would give us a better idea of their credit profile, it may become more obvious.  I would however doublecheck recent credit reports to see if some negative cropped up.  Or, the OP can relax and not wory about it as AMEX CLI policies can easily make that Amex his highest card in 2 years or less.

               LIMITS IN CARD DESCRIPTIONS
Message 10 of 26
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.