topic Re: AMEX pay over time limit question in Credit Cards

AMEX pay over time limit question

pat0812 — Mon, 02 Jan 2017 07:24:35 GMT

I don't use this feature at all, I always PIF my amex charge card

But for the fun of it I went to the pay over time option on my account and it showed that I can use $35,000 on this feature.

Does that mean that this is my AMEX internal spending limit that nobody knows ?

Does this amount reflect also what AMEX limit of CLI I can get on my Revolver account ?

Re: AMEX pay over time limit question

myjourney — Mon, 02 Jan 2017 07:38:30 GMT

@pat0812 wrote:
I don't use this feature at all, I always PIF my amex charge card
But for the fun of it I went to the pay over time option on my account and it showed that I can use $35,000 on this feature.

Does that mean that this is my AMEX internal spending limit that nobody knows ? No

Does this amount reflect also what AMEX limit of CLI I can get on my Revolver account ? and no...Lol

It's still boils down to what Amex will approve based on the transaction at that very moment in time (snapshot)

And it means nothing as to what your internal limits could be

Sorry

Re: AMEX pay over time limit question

Anonymous — Mon, 02 Jan 2017 11:10:36 GMT

@myjourney wrote:
@pat0812 wrote:
I don't use this feature at all, I always PIF my amex charge card
But for the fun of it I went to the pay over time option on my account and it showed that I can use $35,000 on this feature.

Does that mean that this is my AMEX internal spending limit that nobody knows ? No

Does this amount reflect also what AMEX limit of CLI I can get on my Revolver account ? and no...Lol
It's still boils down to what Amex will approve based on the transaction at that very moment in time (snapshot)
And it means nothing as to what your internal limits could be
Sorry

And from what we have seen, $35K is the default amount when people first qualify for Pay Over Time. I haven't seen anyone with a lower amount.

Re: AMEX pay over time limit question

fltireguy — Mon, 02 Jan 2017 11:36:02 GMT

The letter that they sent said that mine was 10,000.

Re: AMEX pay over time limit question

Anonymous — Mon, 02 Jan 2017 12:28:41 GMT

@fltireguy wrote:
The letter that they sent said that mine was 10,000.

OK, first I have heard of like that!

Re: AMEX pay over time limit question

elim — Mon, 02 Jan 2017 12:41:59 GMT

@Anonymous wrote:
@fltireguy wrote:
The letter that they sent said that mine was 10,000.
OK, first I have heard of like that!

strange, first i've seen also

mine was 35k but the few times i checked my spending power, the highest it was 17k.

Re: AMEX pay over time limit question

mdd0214 — Mon, 02 Jan 2017 14:20:39 GMT

I handled a divore where the wife had an AmEx Plat which hit the internal spending limit of, in her case, $50k. Every month she kept charging but would need to pay the full amount over the limit, plus interest on the revolving balance. They never cut her off as long as she paid the $5-10k minimum payments on time. I don't think they would have allowed a $50k purchase in one shot for this particular cardholder, but when the balance accrues at $5-10k per month which is typical for that cardholder, AmEx does seem comfortable with letting you ride it out to the limit.

Re: AMEX pay over time limit question

fltireguy — Mon, 02 Jan 2017 15:10:39 GMT

My $10k is probably the result of a borderline approval in the first place - that's what I would suspect.

Re: AMEX pay over time limit question

Anonymous — Mon, 02 Jan 2017 16:10:19 GMT

Anyone get offered MR points to sign up for the pay over time? I did recently, one of the easiest ways to get points! Lol. Funny thing is I didn't know about the points offer to sign up until a customer serfvice rep randomly told me over the phone when I called about something else.

Re: AMEX pay over time limit question

myjourney — Mon, 02 Jan 2017 17:12:06 GMT

@Anonymous wrote:
Anyone get offered MR points to sign up for the pay over time? I did recently, one of the easiest ways to get points! Lol. Funny thing is I didn't know about the points offer to sign up until a customer serfvice rep randomly told me over the phone when I called about something else.

I got these offers on 2 charge cards 10k points each =20k free MR's

Both offers was sent via mail April and June of last year

Re: AMEX pay over time limit question

Anonymous — Mon, 02 Jan 2017 20:19:31 GMT

prg is 35k

plat is 10k

not sure if I can reallocate those or not.

I was also told by a rep that when this POT was to be added to my plat last december if I canceled it before it was added there would be no way whatsoever in the future to readd it. When did they start doing that?

Re: AMEX pay over time limit question

youdontkillmoney — Mon, 25 Dec 2017 17:43:38 GMT

My AMEX pay over time limit before using it (i.e. not paying in full) was unknown to me since I was never told what it was, but based on web forums I presume was $35,000; plus somewhere on their website I read it was $35,000 also.

I used it recently to see what would happen, just paid minimum amount due and not entire statement balance.

After a few months of this I get a letter in the mail from AMEX stating my pay over time limit has been increased to $50,000.

I've been with AMEX since 1991 and always PIF each month.

So your mileage may vary.