We both received our Gold cards around the same time. I was concerned they might deny certain charges because the ones I make are big. For instance, my employer travels for business monthly and has big expenses (so far up to $5500 a month). I charge his airfare, hotel and car on my gold card the business reimburses me. I was concerned Amex would deny the charge but so far all is good. When my father was a cardholder and made very large purchases say over 10k, Amex would call his bank to verify if he had funds available to cover the charge, then bam approved. I would not worry about it.
KDM wrote:I'm beginning to wonder if I made a mistake getting my Amex cards. I don't care if they do a F/R. They can see my tax return if they want. What I don't care for is that they apparently randomly deny charges without warning, even though you have available credit.If I have credit available, I want to know that I can use it without worrying that the charge is going to be randomly denied.
The great thing for me is all of these charges are with partners of Amex so I get 2 points for every dollar spent.
Simple to correct. Call the bank or credit card company, in this case Amex. Have them note and remove these restrictions off your account for that type of spending. For instance, I can buy $10,000 worth of computers even if there is no use on my card for a while. But if I buy $2,000 of bedding the transaction will be denied. I had luck maybe it will work for you. I told them that I go on weird random spending sprees after months of no activity. But limited to specific spending groups (computer area). Now nothing in that group is denied.
I will tell you this. And very special about Amex. I had a very expensive (thousands) dispute that Amex made good on. Amex was the only company that stood behind me and they were not refunded. My big purchases are done with my Amex card. They protect you much more than other banks when it comes to large purchases. They have earned my business. Think of the hassle it can be when you need to dispute an expensive charge. $100, $200. Sure, most banks will honor the dispute *if* the merchant refunds the money. But what happens if it is $5000, $10,000. Good luck with that dispute. But with Amex, they will still stand behind you. Worth it!
I will tell you this. And very special about Amex. I had a very expensive (thousands) dispute that Amex made good on. Amex was the only company that stood behind me and they were not refunded. My big purchases are done with my Amex card. They protect you much more than other banks when it comes to large purchases. They have earned my business. Think of the hassle it can be when you need to dispute an expensive charge. $100, $200. Sure, most banks will honor the dispute *if* the merchant refunds the money. But what happens if it is $5000, $10,000. Good luck with that dispute. But with Amex, they will still stand behind you.
Worth it!
