topic Re: AMEX Approves Spending Power Request BUT.... in Credit Cards

AMEX Approves Spending Power Request BUT....

Fresh-Start — Tue, 12 Apr 2016 17:56:24 GMT

They will NOT approve a CLI. I'm so puzzled by this. For about two years now, I've had that Check Spending Power button available for all three of my AMEX cards (Green, BCE and Delta). In these two years, they have NEVER approved me to go over my credit limit when I've checked through this button. Not even 20 bucks over! LOL! So all of a sudden this week, I checked, and to my surprise, it approved me to go over my alloted credit limit on all 3 cards! So I thought maybe it was a good sign that I would be approved for a credit limit increase....WRONG. I checked on my BCE, requested $1000 CLI. DENIED. YET, they approve me to go OVER my credit limit by this much using the Check Spending Power button. I'm so puzzled by this. Why do they approve me to go over.....but won't approve a permenant credit limit increase? Anyone with any experience with this?

Re: AMEX Approves Spending Power Request BUT....

Anonymous — Tue, 12 Apr 2016 17:59:39 GMT

That doesn't make much sense. Perhaps they think that allowing you the ability to finally go over your SPL is a CLI.

Re: AMEX Approves Spending Power Request BUT....

Fresh-Start — Tue, 12 Apr 2016 18:01:54 GMT

I know right?? The only thing is that from what I read on here, when they allow you to go over your credit limit, that amount is due in full the next month, much like a charge card.

Re: AMEX Approves Spending Power Request BUT....

Anonymous — Tue, 12 Apr 2016 18:05:51 GMT

@Fresh-Start wrote:
I know right?? The only thing is that from what I read on here, when they allow you to go over your credit limit, that amount is due in full the next month, much like a charge card.

Yes you are correct; if you go over you need to pay the over amount asap.

Re: AMEX Approves Spending Power Request BUT....

OmarGB9 — Tue, 12 Apr 2016 19:41:05 GMT

Maybe they're willing to approve a charge over your limit on a case by case basis, but since the amount you go over has to be repaid next month right away, maybe they're trying to say that they're more comfortable just doing that rather than increasing their exposure with you.

Re: AMEX Approves Spending Power Request BUT....

KSK1912 — Tue, 12 Apr 2016 20:14:17 GMT

Amex is known to approve charges that go over your limit (based o your spending / payment pattern) but this does not necessarily mean cli, nor you are due for a cli.

Re: AMEX Approves Spending Power Request BUT....

Anonymous — Fri, 15 Apr 2016 13:41:47 GMT

It is akin to a temp CLI. Amex is testing how you handle the increased spending power before it increases the limits. This is a step in the right direction. I would go ahead and spend the additional amount and in your next payment, make sure to pay that part back and a bit extra, on the non charge- obv pay all on charge. After a little while it will increase the limits.

Re: AMEX Approves Spending Power Request BUT....

takeshi74 — Fri, 15 Apr 2016 14:03:27 GMT

@Fresh-Start wrote:
AMEX Approves Spending Power Request BUT....

@Fresh-Start wrote:
They will NOT approve a CLI. I'm so puzzled by this.

Why are you assuming that they're related? One is a one time thing. The other is ongoing. Criteria for the 2 are different. When your credit profile and income are eligible for a CLI you'll qualify for it.

@Fresh-Start wrote:
I know right?? The only thing is that from what I read on here, when they allow you to go over your credit limit, that amount is due in full the next month, much like a charge card.

Make that two key differences. You don't see that there's a difference in risk for the two?

From what you've said it looks like things have improved a step for you but you're disappointed that you didn't make it another step. Appreciate and work with what you have. Work on issues with your credit profile and the CLI's will come.