01-18-2013 12:10 PM
01-18-2013 12:19 PM
01-18-2013 01:00 PM
I've been approved for up to 7500-8000 on the Zync even though I barely use the card. Average monthly spend is only about $100 of which most are recurring charges.
01-18-2013 01:22 PM
01-18-2013 01:27 PM
01-18-2013 01:46 PM
01-18-2013 02:38 PM - edited 01-18-2013 02:47 PM
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.
01-18-2013 02:57 PM
Are there any confirmed stories of anyone getting an FR as a result of using this feature?
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.