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Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
0

Re: Getting brave w/ Amex spending ability

I've put $25K through, but it was for a real charge.  I don't think there is any reason to worry about using this for a purchase you are actually contemplating.  Using it as a toy is what is generally discouraged.  Even if it won't lead to FR, I think it's still pretty silly to play around with it.


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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Frequent Contributor
Posts: 379
Registered: ‎03-31-2012
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Re: Getting brave w/ Amex spending ability

I put 35 K through and it was approved.

 

I do not think you get the FR unless you hit the button a ton, and then run a huge charge through it.

 

IE you usually use your charge card for 2-3K a month.  Hit the button till it locks you out (obvisouly I have hit the button numerous times!) and then run 25K through on 1 charge. 

Super Contributor
Posts: 6,142
Registered: ‎02-23-2011
0

Re: Getting brave w/ Amex spending ability

Somewhere in Amex, there's gotta be a person whose wondering if this "button" was a good idea.  

Regular Contributor
Posts: 181
Registered: ‎08-09-2012
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Re: Getting brave w/ Amex spending ability


Open123 wrote:

Somewhere in Amex, there's gotta be a person whose wondering if this "button" was a good idea.  


Haha.  I just have to wonder how they could put this feature in place and then punish you for using it.  Doesn't make sense to me.  




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Moderator Emeritus
Posts: 14,647
Registered: ‎12-30-2011
0

Re: Getting brave w/ Amex spending ability


ramblin_wreck08 wrote:

Open123 wrote:

Somewhere in Amex, there's gotta be a person whose wondering if this "button" was a good idea.  


Haha.  I just have to wonder how they could put this feature in place and then punish you for using it.  Doesn't make sense to me.  


Cash advances work similarly in many people's experience.  Just because a lender allows you to do something, doesn't always mean you should Smiley Happy.

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 693, EQ 8 714, TU 8 710, EX 8 724 (05/27/16)
Goal Score: 700 on EQ 04 (01/01/17)


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Valued Contributor
Posts: 1,738
Registered: ‎08-13-2012
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Re: Getting brave w/ Amex spending ability

First month check $4k approved 5k declined

Run about 1.8k first month

Second month :  run 200

thirth month : check approved for 8k go for 10k declined....

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Senior Contributor
Posts: 3,842
Registered: ‎01-10-2008
0

Re: Getting brave w/ Amex spending ability


ramblin_wreck08 wrote:

Open123 wrote:

Somewhere in Amex, there's gotta be a person whose wondering if this "button" was a good idea.  


Haha.  I just have to wonder how they could put this feature in place and then punish you for using it.  Doesn't make sense to me.  


use vs. misuse

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Frequent Contributor
Posts: 258
Registered: ‎06-10-2012
0

Re: Getting brave w/ Amex spending ability

I thought there was a story on here a while back where someone got a call from amex after using the spending button 4 or 5 times for gradually smaller amounts and getting declined each time... I don't remember if it turned into a full FR, but amex definitely took note.

Starting Score: 617 (EQ 6/10/12)
Current Score (8/28/13): EQ: 691 EX: 706 TU: 700
Goal Score: 700

Discover it $4,500 (02/2001); Amex PRG (Backdated to 01/2006); Amex ZYNC (Backdated to 07/2006); Wells Fargo Cash Back Visa $5,500 (12/2011); Citi Diamond Preferred MC $2,000 (07/2012); B of A Cash Rewards Visa Signature $5,000 (02/2013)

Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Getting brave w/ Amex spending ability

I don't see a reason to use it unless you actually want to charge the amount that you type in. Otherwise you could call customer service and find out the same information.

Tool vs. Toy

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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MyFICO Fitness Goal: 800s Club!



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Established Contributor
Posts: 833
Registered: ‎04-20-2012
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Re: Getting brave w/ Amex spending ability

Out of curiosity I just tried it for $1,000 and it was approved "based on the information available at this time" which is good to know i could at least charge up to $1,000 if needed.

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |

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