Reply
Member
Posts: 9
Registered: ‎05-02-2011
0

Re: military man trying to join the amex family.questions,advice,help.

There is no hard limit per say, but the internal limit is based on your spending patterns. So say they start you at 5k, which you can check through your account online with them. You can put certain amounts in to figure out what your internal limit is. if you try spending more than that limit, you must call in to get them to approve. 

If they see you run a lot of purchases through the card, they raise your internal limit so you don't have to call them to approve a large purchase. 

So basically the internal limit is the maximimum amount you can charge at one time without having to call them to get them to approve more. Your spending habits influence this number

22 year old college student
Current Cards:
AMEX BCE 5.8k, AMEX Gold NPSL, AMEX Costco TrueEarnings 2k, BOFA Bankamericard Travel Rewards 4.5k, Discover IT 2.5k, Chase Freedom 4.1k, Kay 4.5k
Community Leader
Valued Contributor
Posts: 2,383
Registered: ‎11-29-2012
0

Re: military man trying to join the amex family.questions,advice,help.

Anything.  Navy Federal has the most generous credit lines by far.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 Goal Score:
 625 for now– New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Community Leader
Senior Contributor
Posts: 26,694
Registered: ‎02-07-2013
0

Re: military man trying to join the amex family.questions,advice,help.


webhopper wrote:
I have a charge card for personal use and a revolver for business use. I highly recommend that you join navy federal credit union today... I have a card with them; 2 auto loans; an overdraft line of credit.. they are amazing to work with. If you love the idea of rewards do a PRG and use NFCU for revolver.

On a serious note I hear nothing but good things about them great advice great cards CLI the works

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


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

Re: military man trying to join the amex family.questions,advice,help.

I only checked once or twice right before a high amount of purchases. After it said approved for 6k I stopped checking because I literally will never spend 6k on PRG in one month. Basically your internal limit is how much they will let you charge. Obviously they wont let you charge 20k right off the bat but after a few months they may as they get used to your spending patterns

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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Contributor
Posts: 252
Registered: ‎01-21-2013
0

Re: military man trying to join the amex family.questions,advice,help.

So basically it's a credit limit that can fluctuate...wjat are the odds of them increasing or decreasing your "internal limit"?seeing that those limits dont report,how does an amex charge help your credit besides an extra account and age?
Contributor
Posts: 252
Registered: ‎01-21-2013
0

Re: military man trying to join the amex family.questions,advice,help.

Which do you have?
Contributor
Posts: 252
Registered: ‎01-21-2013
0

Re: military man trying to join the amex family.questions,advice,help.

Now your rewards points,do those go towards your statement balance?
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: military man trying to join the amex family.questions,advice,help.

I have the cash rewards visa sig. My husband has the platinum mastercard. Flagship is good because it has no foreign transaction fees. Amex is good because of acceptance in Europe.. Amex loves me and I love them as my go to card. Nfcu is my go to bank. My new car rate is 1.79 .... crazy. They gave me and my husband $100 each for opening IRAs with them $50 min deposit.

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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
Posts: 651
Registered: ‎08-07-2012
0

Re: military man trying to join the amex family.questions,advice,help.

You should go for Navy Federal credit union. They do more to craft their products to your financial needs.And you will probably get a $15K limit with your scores.

EQ-732FICO,EX-PLUS 740,TU-725FICO
Goal 750 Across

NFCU Signature Cash Rewards Visa, Chase Freedom Visa, Wells Fargo Visa Secured
Contributor
Posts: 252
Registered: ‎01-21-2013
0

Re: military man trying to join the amex family.questions,advice,help.

Really good advice,thank you.
So once last time what do you think my approval ofds are for the prg

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.