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Established Contributor
calihlove75
Posts: 791
Registered: ‎05-16-2012
0

Re: Getting brave w/ Amex spending ability

I want to press the button! However, I fear that darn button!!

100% Ficos: EX 762, TU 767, EQ 762 Inquiries last 1 year/6 months: EX-0/0, TU- 0/0, EQ-1/0~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $9500~Kohls $1000~Amex BCE $2000~ Walmart Discover $7500~NFCU Signature CashRewards $16,100~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $2500~ Amazon Store $7000~ Fingerhut $1050
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: Getting brave w/ Amex spending ability

personally don't care what it is, so I've never touched it.
5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
New Contributor
Aspireto850
Posts: 109
Registered: ‎08-12-2012
0

Re: Getting brave w/ Amex spending ability

What does FR stand for?

 

i just got the Platinum and was tempted to check the spending ability but changed my mind. 


Current: 12/6/12 708 Exp Fico
Goal Score: 740then Garden
Frequent Contributor
pdog661
Posts: 378
Registered: ‎03-31-2012
0

Re: Getting brave w/ Amex spending ability


Aspireto850 wrote:

What does FR stand for?

 

i just got the Platinum and was tempted to check the spending ability but changed my mind. 


Financial review:

 

In a few months they may invite you to register your card as a revolver on specified charges.

 

In that letter they will disclose the amount you can revolve on the card.  My letter stated that your revolving charges can not exceed 35K.

 

 

Valued Contributor
ryanbush
Posts: 1,292
Registered: ‎08-19-2012
0

Re: Getting brave w/ Amex spending ability


pdog661 wrote:

Aspireto850 wrote:

What does FR stand for?

 

i just got the Platinum and was tempted to check the spending ability but changed my mind. 


Financial review:

 

In a few months they may invite you to register your card as a revolver on specified charges.

 

In that letter they will disclose the amount you can revolve on the card.  My letter stated that your revolving charges can not exceed 35K.

 

 

Mine did to, i don't think they would actually let me charge 35k though! 

 

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Getting brave w/ Amex spending ability


ryanbush wrote:

pdog661 wrote:

Aspireto850 wrote:

What does FR stand for?

 

i just got the Platinum and was tempted to check the spending ability but changed my mind. 


Financial review:

 

In a few months they may invite you to register your card as a revolver on specified charges.

 

In that letter they will disclose the amount you can revolve on the card.  My letter stated that your revolving charges can not exceed 35K.

 

 

Mine did to, i don't think they would actually let me charge 35k though! 

 


Yup my biz green card got the same treatment; its now a charge card revolver :smileyvery-happy:

 

And my Zync goes up to 15K for spending ability which is nice


$100K in Credit
Last Credit Card App: 11/16/13
Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: Getting brave w/ Amex spending ability

I think the up to $35K bit is just part of the terms of the Pay Over TIme or Extended Pay feature.  I don't think that is related to your spending ability.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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New Contributor
Aspireto850
Posts: 109
Registered: ‎08-12-2012
0

Re: Getting brave w/ Amex spending ability

so are you saying that there is a possible of Amex doing a F R(financial review) if I check the spending ability button and they could convert my charge card to a revolver without my request? Or are you saying they could add revolver privileges to the charge card?

 

thanks


Current: 12/6/12 708 Exp Fico
Goal Score: 740then Garden
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: Getting brave w/ Amex spending ability


Aspireto850 wrote:

so are you saying that there is a possible of Amex doing a F R(financial review) if I check the spending ability button and they could convert my charge card to a revolver without my request? Or are you saying they could add revolver privileges to the charge card?

 

thanks


It is possible to trigger a FR at anytime including playing with the spending ability button.

 

The pay over time was offered to me and its still technically a charge card and reports as a charge card. 


$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
ryanbush
Posts: 1,292
Registered: ‎08-19-2012
0

Re: Getting brave w/ Amex spending ability


Aspireto850 wrote:

so are you saying that there is a possible of Amex doing a F R(financial review) if I check the spending ability button and they could convert my charge card to a revolver without my request? Or are you saying they could add revolver privileges to the charge card?

 

thanks


the did NOT convert your charge card to a revolver.  after you have had a revolver for a while they will allow you to revolve a charge if necessary...  DO NOT do this unless it is last resprt for 1. the interest rate is pretty high  2. there have been reports that AMEX will close your account if you do this often.

 

also not all charges are available for Pay Over Time, only larger ones.  

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC

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