Frequent Contributor
Posts: 432
Registered: ‎04-07-2007
Re: AMEX credit limit
JMan ... I've a relative who's worked for Amex for a very long time, and I have been asking her about this F/R, as well as reading as much as I can find on it -- as I assumed approval was based upon HHI, and I do suppose it is, as far as being approved for credit.  The credit limits you are given, however, are determined by your individual income, and if they ask for your bank statements as well as your tax returns they are looking for liquid assets.  From what I understand, if you're reviewed the credit limits allowed you are 20% of your liquid assets/money in the bank for 6 months.  I know, this stinks, huh?  As they don't tell you all this before you apply!  C'est la vie.