Does crossing $5,000 matter to Amex?

[vanillabean]

The $5,000 mark is well-known in the Signature circles of Visa. But how about American Express? If you transfer credit limits among your Amex cards and one card is lowered below $5,000, is it significant in any way to anyone?

[Anonymous]

no. same benefits around the board

[takeshi74]

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@Anonymous-own-fico wrote:

The $5,000 mark is well-known in the Signature circles of Visa.

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It also seems to be turning ino myth as not all Signatures have a $5K requirement.  AmEx has no tiers defined by a $5K limit.

[Open123]

No, Amex couldn't care less.

[Anonymous]

Same card, $500 limit or $500,000.

[Anonymous]

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@Anonymous-own-fico wrote:

The $5,000 mark is well-known in the Signature circles of Visa. But how about American Express? If you transfer credit limits among your Amex cards and one card is lowered below $5,000, is it significant in any way to anyone?

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This does not apply to American or Discover. It's just a Visa and MC benefit.

[TheConductor]

Visa and MC draw that slighttly-fuzzy line at $5k because their interchange fees are lower than Amex's.  To provide and pay for the Signature/WEMC level of card benefits, they want to know that you potentially can (and hopefully will) put a high level of spend through the card.

Since Amex has a higher fee, they really don't need to draw that line. 

Also, since Amex is both the network and the lender, they can take a more holistic view of these matters. 

Amex is much more sensitive to how your total limit relates to your total income than where any particular single card's limit is set.