topic Re: American Express Gold in Credit Card Approvals

American Express Gold

hoang817 — Wed, 15 May 2024 11:31:44 GMT

Hello All,

I just got approve for an American Express gold without spending limit. Iam very new to this kind of cards and dont know how to use it. what is the best way to build your credit with this card? Thank you

Re: American Express Gold

JoeRockhead — Wed, 15 May 2024 12:52:40 GMT

Congratulations on your approval. Amex will approve what you can charge on the card based on your spending patterns and payment history. No preset spending limit, doesn't mean no limit. If the amount you try to charge is too much, they'll decline the transaction, so, I'd recommend not trying to make extraordinarily large purchases right from the start.

You can try their "check spending power" feature before a planned purchase, but, I've heard using it too often can set off red flags with them.

Re: American Express Gold

user979797 — Wed, 15 May 2024 15:03:31 GMT

Congratulations on your Amex Gold approval

Re: American Express Gold

keekers — Wed, 15 May 2024 15:26:54 GMT

Congrats.

Re: American Express Gold

hoang817 — Wed, 15 May 2024 16:24:17 GMT

@JoeRockhead wrote:
Congratulations on your approval. Amex will approve what you can charge on the card based on your spending patterns and payment history. No preset spending limit, doesn't mean no limit. If the amount you try to charge is too much, they'll decline the transaction, so, I'd recommend not trying to make extraordinarily large purchases right from the start.

You can try their "check spending power" feature before a planned purchase, but, I've heard using it too often can set off red flags with them.

Yes, thank you..

I am going to start paying some bills, gas and food for now.

then summer getting some flights and hotels.

Re: American Express Gold

NoMoreDebt — Wed, 15 May 2024 23:59:19 GMT

Congrats.

Re: American Express Gold

alextercero — Thu, 16 May 2024 02:53:40 GMT

Congrats on your approval!

Re: American Express Gold

dacv01 — Thu, 16 May 2024 21:18:48 GMT

@JoeRockhead wrote:
Congratulations on your approval. Amex will approve what you can charge on the card based on your spending patterns and payment history. No preset spending limit, doesn't mean no limit. If the amount you try to charge is too much, they'll decline the transaction, so, I'd recommend not trying to make extraordinarily large purchases right from the start.

You can try their "check spending power" feature before a planned purchase, but, I've heard using it too often can set off red flags with them.

Very true- a friend of mine was a little too cocky showing off and requested 3 different "check spending power" with 5k intervals- 3 days later his internal limit and POT was slashed by 75%. OP, I also experienced an alert last month on my platinum that was "suggested payment" due to closing in on my internal limit despite having nothing on POT- they do monitor spend and payments ( I had over 20K last month due to taking on some of my dads final expenses) and will let you know if you are approaching territory they are not comfotable with. Best advice I can offer is spend within your means, and PIF even if you have a POT balance

Re: American Express Gold

cashorcharge — Fri, 17 May 2024 19:28:01 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Re: American Express Gold

Friendlyfranknbeans — Sat, 18 May 2024 04:39:31 GMT

Pay it off every month 10 days before the due date. Don't carry anything... credit reports revolve around "credit" and "debt" a charge card is only a "debt" card in the eyes of the creditors. When it reports you're only going to see debt and high balances, you won't see "available credit" which would off-set the debt. NPSL doesn't mean a free for all... be responsible! Enjoy the perks

Re: American Express Gold

hoang817 — Sat, 18 May 2024 16:21:19 GMT

@Friendlyfranknbeans wrote:
Pay it off every month 10 days before the due date. Don't carry anything... credit reports revolve around "credit" and "debt" a charge card is only a "debt" card in the eyes of the creditors. When it reports you're only going to see debt and high balances, you won't see "available credit" which would off-set the debt. NPSL doesn't mean a free for all... be responsible! Enjoy the perks

iam afraid to apply for AMEX revolving credit cards at the momment since i just got this one. when do you think i can apply for their revolving credit cards?

Thanks

Re: American Express Gold

Brian_Earl_Spilner — Sat, 18 May 2024 16:48:05 GMT

Congrats. I use mine like a debit card. Simply charge and pay. You can make up to 5 payments a day. Typically I wait for the charges to post and pay it.

Re: American Express Gold

CreditAggie — Wed, 29 May 2024 04:35:05 GMT

Congratulations on your Amex Gold approval!