Credit Cards

[HiLine]

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youngandcreditwrthy wrote:
Haha welll.... What if I need to charge $20k on my $10.5k BCE?!??! Lol haha eh not really :-P
Visa Siggys let you go over the limit

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I went 50% over the limit on my Amex revolver once. 

[newportguy]

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Open123 wrote:

The button is not a toy, at least that's what Amex claims.

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+1 ......... To me ,thats playing with FIRE, never know when you might get burn

[youngandcreditwrthy]

Haha I never go over limits :-) I never even get close! Haha

[youngandcreditwrthy]

Wow! Yeah I'll just wait five more months and try to get to a $24,000+ cl. Making sure to avoid $25k + and a FR. Lol

[jake619]

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Open123 wrote:

The button is not a toy, at least that's what Amex claims.

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Where does it say that?  I believe you, just asking.

[Open123]

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jake619 wrote:

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Open123 wrote:

The button is not a toy, at least that's what Amex claims.

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Where does it say that?  I believe you, just asking.

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They don't actually, but I was just trying trying to make a light jest.  I'm assuming they placed in the button, the last thing on the designer's mind was cardmembers testing it on a card with a hard limit.

[Walt_K]

You do not get FR for requesting a 25K + CL. They may ask for documents including 4506t to support your request, but it is not the same as FR. They won't shut down all of your accounts and you don't have to provide the docs unless you want the CLI.

[youngandcreditwrthy]

Well isn't requesting a 4506t what happens in midst of a fr? Lol

[Walt_K]

Yes, but what also happens is all of your accounts are suspended and you have to comply or have them all shut down. That is different than asking you to provide support for a CLI where you can choose whether to comply. It leads to considerable confusion using FR to refer to the latter. Newer forum members don't appreciate the difference.

[bs6054]

Yes, it is painless (providing you don't mind giving Amex your tax return transcripts).  

And you can even be stupid!  I applied, got the request for my 4506T and sent it in.  For reasons I can't quite reconstruct, a few days later I went back on the site to see if there was some indication of progress, and ended up applying for the same CL.  In the mail I got another 4506T (with a new reference number).  At that stage I called in to make sure I wasn't messing up the process.  I was assured that they would just ignore the second.  And things worked out.