topic Re: Hard Limits on AMEX Charge Cards in Credit Cards

Hard Limits on AMEX Charge Cards

injustifiiable — Thu, 05 Feb 2015 19:36:26 GMT

Well, AMEX sent me a note today letting me know that they've put a $2,000 hard limit on my PRG.

I may be closing it soon if I can't get a downgrade to the Green (March will be the end of my first year that I had with no annual fee), but in the interim I was wondering if AMEX will start reporting the hard limit on my credit reports. My next statement cuts next week.

Thanks in advance!

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 19:45:44 GMT

thats crazy ! do you think you did something they didnt like ?

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 19:58:29 GMT

I don't think they will report it as a limit on your report. They just won't approve of any charge that would take you above that outstanding balance.

im curious as well as to what led to them doing this.

Re: Hard Limits on AMEX Charge Cards

injustifiiable — Thu, 05 Feb 2015 21:02:11 GMT

@Anonymous wrote:
I don't think they will report it as a limit on your report. They just won't approve of any charge that would take you above that outstanding balance.

im curious as well as to what led to them doing this.

That's good to know in any case. I'm curious as well but I'm not sure if I want to "poke the bear" so to speak. I have a couple of ideas but don't really want to speculate. I only run around $500-$600 a month on it PIF. I do have a couple of high balances on other cards from the holidays...not sure if that played a role but not too worried. Like I said, I may be closing it soon because of the annual fee...am still trying to get an AMEX revolver but FICO's are on the lower side for them (last denial letter I got from them had EX in the 650's)

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 20:31:51 GMT

Wow, does anyone have a good idea what prompts AMEX do make a move like this?

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 20:52:17 GMT

Have you ever pushed $2000 or more spend through in a month on this card? I wouldn't mind a hard limit on either of my AMEX charge cards so long as it was in excess of my highest monthly spend on each specific card.

Re: Hard Limits on AMEX Charge Cards

injustifiiable — Thu, 05 Feb 2015 21:00:30 GMT

@Anonymous wrote:
Have you ever pushed $2000 or more spend through in a month on this card? I wouldn't mind a hard limit on either of my AMEX charge cards so long as it was in excess of my highest monthly spend on each specific card.

Nope...my monthly spend on it is only around $600 or so maybe more, which is why I'm not making too big a stink about it. $2,000 is plenty for now. I still might call and ask what prompted them to do this just to get a better idea of what's going on.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 21:01:37 GMT

@injustifiiable wrote:
Well, AMEX sent me a note today letting me know that they've put a $2,000 hard limit on my PRG.

I may be closing it soon if I can't get a downgrade to the Green (March will be the end of my first year that I had with no annual fee), but in the interim I was wondering if AMEX will start reporting the hard limit on my credit reports. My next statement cuts next week.

Thanks in advance!

@Injustifiable,

Sorry to hear that.. As others have stated, we are curious as to why AMEX will do something like this.

Re: Hard Limits on AMEX Charge Cards

ojefferyo — Thu, 05 Feb 2015 21:20:52 GMT

Something they see that they don't like, I highly doubt they just randomly pulled an account out of a box and said we're gonna put a hard limit on this one.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 21:37:50 GMT

I have a corporate card and they did the same thing on mine back before I started rebuilding. I imagine something came up on my soft pull that wasn't in line with what they want.

Those corporate cards are more like the personal charge cards, I think.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 21:45:40 GMT

@Anonymous wrote:
Wow, does anyone have a good idea what prompts AMEX do make a move like this?

As others have said, something that worries them in your credit report, such as increasing balances on other cards, or maybe new inquiries and/or accounts beyond what they think is apprpriate for the situation.

They are not concerned enough to FR, but just are limiting possible losses. People seem to get these hard limits removed after a period of "good" behavior.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Thu, 05 Feb 2015 22:11:59 GMT

That would be strange, the way i use my PRG i spend between 300-1000 dollars a month. and pay in full before they tell me to. on the other hand for my green charge i only run like 80 bucks a month and i havent gotten a letter.

this is intresting.

Re: Hard Limits on AMEX Charge Cards

sccredit — Thu, 05 Feb 2015 22:19:01 GMT

Back in 2007 I had a couple late payments on my Business Card (didn't watch anything too closely, paid when I had time and didn't worry about it otherwise) and they placed a $4500 hard limit on it. If I had a busy month and the balance was climbing I would have to call them and make a payment to be able to use again.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Fri, 06 Feb 2015 00:43:15 GMT

I gotta wonder what it takes to get AMEX to do this. hmm.

Re: Hard Limits on AMEX Charge Cards

ojefferyo — Fri, 06 Feb 2015 00:55:23 GMT

@Anonymous wrote:
I gotta wonder what it takes to get AMEX to do this. hmm.

I've noticed members that say they have a hard limit on their charge card also mentioned that they have paid it "late" how late is the question.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Fri, 06 Feb 2015 00:58:23 GMT

@ojefferyo wrote:
@Anonymous wrote:
I gotta wonder what it takes to get AMEX to do this. hmm.
I've noticed members that say they have a hard limit on their charge card also mentioned that they have paid it "late" how late is the question.

29 days?

Re: Hard Limits on AMEX Charge Cards

ojefferyo — Fri, 06 Feb 2015 01:11:23 GMT

I have a feeling it's later than that. We never get the whole story it seems. I've never had any issues with my PRG. Always PIF 2 days before statement closing.

Re: Hard Limits on AMEX Charge Cards

Stralem — Fri, 06 Feb 2015 01:32:26 GMT

True fax, my PRG was temporarily suspended yesterday because I had a balance way higher than normal (holiday charges, basically).

Apparently, an outstanding balance of exactly $2001 dollars and fifteen cents (**bleep**ing LOL) was too far out of the norm for my spending habits and they pretty much forced me to make a payment over the phone. Now, I COULD have paid the entire balance then and there, but not wanting to empty my bank account two days before payday, I only put down $700, my usual monthly spend. That got them to reactivate my card.

They didn't mention anything about a hard limit, though. The analyst just kept stressing that the balance was higher than usual. I can understand that...

But what I'm disturbed by is the fact that I have a new job lined up that requires air travel, often on short notice. It's been made extremely clear that I'll be expected to pay for what will potentially be some very expensive tickets up front if I don't want to end up at the unemployment office. So what if Amex suspends my **bleep** while I'm at the ticket counter at 2am? It's not a comforting thought.

...

**bleep**, I'm trying not to curse and suffer another ban, but it's hard as ff... heck.

Re: Hard Limits on AMEX Charge Cards

Anonymous — Fri, 06 Feb 2015 01:33:16 GMT

@Stralem wrote:
True fax, my PRG was temporarily suspended yesterday because I had a balance way higher than normal (holiday charges, basically).

Apparently, an outstanding balance of exactly $2001 dollars and fifteen cents (**bleep**ing LOL) was too far out of the norm for my spending habits and they pretty much forced me to make a payment over the phone. Now, I COULD have paid the entire balance then and there, but not wanting to empty my bank account two days before payday, I only put down $700, my usual monthly spend. That got them to reactivate my card.

They didn't mention anything about a hard limit, though. The analyst just kept stressing that the balance was higher than usual. I can understand that...

But what I'm disturbed by is the fact that I have a new job lined up that requires air travel, often on short notice. It's been made extremely clear that I'll be expected to pay for what will potentially be some very expensive tickets up front if I don't want to end up at the unemployment office. So what if Amex suspends my **bleep** while I'm at the ticket counter at 2am? It's not a comforting thought.

...

**bleep**, I'm trying not to curse and suffer another ban, but it's hard as ff... heck.

Time for some CLI's on other cards or time to send in 4506-T to AMEX if this is the case.

Re: Hard Limits on AMEX Charge Cards

taxi818 — Fri, 06 Feb 2015 01:32:53 GMT

@Stralem wrote:
True fax, my PRG was temporarily suspended yesterday because I had a balance way higher than normal (holiday charges, basically).

Apparently, an outstanding balance of exactly $2001 dollars and fifteen cents (**bleep**ing LOL) was too far out of the norm for my spending habits and they pretty much forced me to make a payment over the phone. Now, I COULD have paid the entire balance then and there, but not wanting to empty my bank account two days before payday, I only put down $700, my usual monthly spend. That got them to reactivate my card.

They didn't mention anything about a hard limit, though. The analyst just kept stressing that the balance was higher than usual. I can understand that...

But what I'm disturbed by is the fact that I have a new job lined up that requires air travel, often on short notice. It's been made extremely clear that I'll be expected to pay for what will potentially be some very expensive tickets up front if I don't want to end up at the unemployment office. So what if Amex suspends my **bleep** while I'm at the ticket counter at 2am? It's not a comforting thought.

...

**bleep**, I'm trying not to curse and suffer another ban, but it's hard as ff... heck.

Why would you worry about that. with your other cards. im sure our company is not making you use amex. otherwise they should just give you a corporate card. no way i put business expenses from a company on my personal card. they would have to give me card or i would already be looking for another job.