topic Re: Amex spending ability and AU cards in Credit Cards

Amex spending ability and AU cards

Jarrodpd — Tue, 21 Apr 2015 02:39:23 GMT

I added a family member onto my PRG as an AU with a $5k limit. My spending ability last time I checked was ~$20k, say that I set the limit for $30k would it allow it to go up to $30k or would it only allow up to what my spending ability is at around $20k?

Re: Amex spending ability and AU cards

jamesdwi — Tue, 21 Apr 2015 02:42:31 GMT

@Jarrodpd wrote:
I added a family member onto my PRG as an AU with a $5k limit. My spending ability last time I checked was ~$20k, say that I set the limit for $30k would it allow it to go up to $30k or would it only allow up to what my spending ability is at around $20k?

you setting your cards limit to a random high number if possible wouldn't over ride your existing internal limit. You may now have a $30k internal limit it does change overtime.

Re: Amex spending ability and AU cards

Jarrodpd — Tue, 21 Apr 2015 02:45:12 GMT

@jamesdwi wrote:
@Jarrodpd wrote:
I added a family member onto my PRG as an AU with a $5k limit. My spending ability last time I checked was ~$20k, say that I set the limit for $30k would it allow it to go up to $30k or would it only allow up to what my spending ability is at around $20k?
you setting your cards limit to a random high number if possible wouldn't over ride your existing internal limit. You may now have a $30k internal limit it does change overtime.

Just making sure. Thank you

Re: Amex spending ability and AU cards

L-TWT — Tue, 21 Apr 2015 02:48:53 GMT

@Jarrodpd wrote:
I added a family member onto my PRG as an AU with a $5k limit. My spending ability last time I checked was ~$20k, say that I set the limit for $30k would it allow it to go up to $30k or would it only allow up to what my spending ability is at around $20k?

I do not follow, your asking if you can assign a 30K CL on the AU's card? if so, sure, but it does not mean a charge close to that amount will go through.

FYI, your spending ability will tend to vary month to month!

Re: Amex spending ability and AU cards

cashnocredit — Tue, 21 Apr 2015 03:26:31 GMT

When you set a limit on an AU it is a request and the "limit" is to monthly spend. After you set the request they either approve it or decline it and, if approved, notify the AU by email and snail mail of the new limit. Presumably they wouldn't approve a limit that was above some unspecified fraction of your internal limit but who knows. I've set a fairly high monthly limit on one of my AUs.

Presumably they would decline to set a limit if it was too high. For instance, if you asked for a 100k limit for an AU I suspect it would be declined if your internal limit was not at least 200k. (speculating here. I doubt if my internal limit is that high).

Re: Amex spending ability and AU cards

Jarrodpd — Tue, 21 Apr 2015 03:56:24 GMT

@cashnocredit wrote:
When you set a limit on an AU it is a request and the "limit" is to monthly spend. After you set the request they either approve it or decline it and, if approved, notify the AU by email and snail mail of the new limit. Presumably they wouldn't approve a limit that was above some unspecified fraction of your internal limit but who knows. I've set a fairly high monthly limit on one of my AUs.

Presumably they would decline to set a limit if it was too high. For instance, if you asked for a 100k limit for an AU I suspect it would be declined if your internal limit was not at least 200k. (speculating here. I doubt if my internal limit is that high).

Thats a good example thank you, I didnt realise they sent a letter to the AU stating their limit.