turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
As much as the Amex charge "check spending ability" button is feared for FR implications, it can also be very useful. Looking at an engagement ring, I put in $5k and was approved. Typical charges have averaged around $1.3k per month.
Just wondering how brave some of you have been, particularly in relation to average monthly spend on the card. At 4x, I sort of feel like I was pushing it a little.
Just wondering how brave some of you have been, particularly in relation to average monthly spend on the card. At 4x, I sort of feel like I was pushing it a little.
The "check spending ability" button is always mysterious and fascinating. Given how often amex SPs its members, I'm sure your current util % is a factor; while you might get approved for a 10K purchase if you have plenty of available credit, you might not if you've maxed out $25K in revolvers.
I tested my limits a little the first few months after I got my Zync. I was approved for $8K, and I never went any higher than that. My biggest balance ever was about $3500, and I don't imagine I'll have a balance that high very often. I always pay the same day my statement cuts, if that makes a difference. Now that I've got 7 months of cardmembership under my belt, I might test the waters a little bit, just out of curiosity.
I tested my limits a little the first few months after I got my Zync. I was approved for $8K, and I never went any higher than that. My biggest balance ever was about $3500, and I don't imagine I'll have a balance that high very often. I always pay the same day my statement cuts, if that makes a difference. Now that I've got 7 months of cardmembership under my belt, I might test the waters a little bit, just out of curiosity.
Starting Score: 617 (EQ 6/10/2012)
Several months after I got my Plat. I used the button. I needed to make a purchase for a bit over 20k and it was nice to know they would (and did) approve it. Previously the max I charged was 4k at any one time and was averaging about 7k/mo but I hadn't had the card very long so it seemed prudent to check first.
I have reestablished credit over the last couple years
LionLaw wrote:
The "check spending ability" button is always mysterious and fascinating. Given how often amex SPs its members, I'm sure your current util % is a factor; while you might get approved for a 10K purchase if you have plenty of available credit, you might not if you've maxed out $25K in revolvers.
I tested my limits a little the first few months after I got my Zync. I was approved for $8K, and I never went any higher than that. My biggest balance ever was about $3500, and I don't imagine I'll have a balance that high very often. I always pay the same day my statement cuts, if that makes a difference. Now that I've got 7 months of cardmembership under my belt, I might test the waters a little bit, just out of curiosity.
I'm at 5 months of cardmembership and have been using this as my daily. While the ring caused me to test $5k, curiosity caused me to test $10k (approved). Now I really am just curious where my internal limit is, but I'm too afraid of poking the bear to try again right now. 
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
FOLLOW US 
SUBSCRIBE TO myFICO EMAIL 