topic Re: Amex Platinum in Credit Cards

Amex Platinum

Anonymous — Wed, 24 Aug 2016 19:31:04 GMT

So I went to their "pre qualified link" to see if I qualified for any of their cards.

I did not, but below they said I may be able to get the Amex Plat with a targeted offer of 75k. I applied and was approved.

Now I logged in and it says "no pre set spending limit" does that mean it's unlimited?

Sorry for the noob question

Re: Amex Platinum

Xistaben2 — Wed, 24 Aug 2016 19:35:07 GMT

Yes and no. NPSL means there isn't a hard credit limit like a revolver, but there is a soft cap on what you can spend based on your "spending power."

This soft cap is usually fairly low from the beginning and gets better after you can prove you can payoff what you spend. If you hit the soft cap, they will most likely deny the transaction. This keeps people from getting a charge card, spending a million dollars and defaulting.

Re: Amex Platinum

Anonymous — Wed, 24 Aug 2016 19:38:39 GMT

No, it is not unlimited. Amex adjusts your pre set spending limits based on how much you spend on the card every month.

Re: Amex Platinum

Anonymous — Wed, 24 Aug 2016 20:15:11 GMT

No pre set limit does NOT mean unlimited spending lol!

It'll fluctuate with your usage/payments etc

Re: Amex Platinum

Anonymous — Wed, 24 Aug 2016 20:18:30 GMT

lol got it.

thanks