topic Re: Amex review in Credit Card Applications

Amex review

Black1313 — Wed, 08 Feb 2023 21:47:29 GMT

I have an Amex bcp and Amex gold personal card. I was wondering if the pay over time credit limit on my gold card would count towards the $35,000 threshold that everyone talks about ? I wanted to apply for another Amex, but I don't want to go through the hassle of a review. Thank you for your advice

Re: Amex review

OmarGB9 — Wed, 08 Feb 2023 22:54:14 GMT

I don't think so. And the $35k isn't set in stone. It's really profile dependent.

Also, you wouldn't have to go through a review (assuming you mean a financial review or FR); if anything, they'd ask for IV (income verification), which is merely one-time access to your bank accounts, or a few bank statements.

Re: Amex review

JoeRockhead — Wed, 08 Feb 2023 23:14:07 GMT

@Black1313 wrote:
I have an Amex bcp and Amex gold personal card. I was wondering if the pay over time credit limit on my gold card would count towards the $35,000 threshold that everyone talks about ? I wanted to apply for another Amex, but I don't want to go through the hassle of a review. Thank you for your advice

A financial review from Amex can be completely random. But, generally things that set off red flags triggering a Financial Review with Amex would be things like having a payment to them bounce, a notable, or drastic change in your spending patterns like for example you normally spend $1,200 a month, then all of a sudden you start spending $12,000 a month. Another red flag might be if for example you have a $3,000 CL but you are spending $15,000 a month on it by continually paying down the balance so you can continue to spend more. Abusing the check spending power feature has been reported to set off a red flag with them. If they notice you're opening a lot of new accounts could also raise a red flag.

As Omar said the 35K isn't something set in stone. Going over the 35K threshold alone shouldn't be a concern on it's own, as many people have available limits far above that amount and Amex doesn't even bat an eye. Again a financial review can happen randomly to anyone, but for the most part if you are using your cards responsibly and not constantly seeking credit, you may never hear a peep from them.

I'm sure others will chime in with their experiences, and knowledge.

Re: Amex review

Black1313 — Thu, 09 Feb 2023 02:15:33 GMT

Thank you !!

Re: Amex review

Shooting-For-800 — Thu, 09 Feb 2023 04:00:40 GMT

I assumed the $35k was per card.

My wife asked for $40k, they gave her $35k and requested financials for $40k.

We ignored the request and her limit has been $35k for months with no issues.

If you have a $35k POT, you are doing something right.

GL!

Re: Amex review

SouthJamaica — Thu, 09 Feb 2023 13:25:37 GMT

@Black1313 wrote:
I have an Amex bcp and Amex gold personal card. I was wondering if the pay over time credit limit on my gold card would count towards the $35,000 threshold that everyone talks about ? I wanted to apply for another Amex, but I don't want to go through the hassle of a review. Thank you for your advice

There is no 35k threshold, except that sometimes if you are requesting a CLI on a single credit card to 35k or higher they might ask for income verification.

Re: Amex review

PointsBonus — Tue, 14 Feb 2023 03:50:40 GMT

In my personal experience, I don't think POT and a CL on their credit cards mix.

I have 2 Charge Cards with $30,000 POT and 1 with $25,000 and also 1 of my CC at $25,000.

I feel it is profile dependent.

hope this helps.