topic Re: How to raise Pay Over Time limit on Amex Platinum? in Credit Cards

How to raise Pay Over Time limit on Amex Platinum?

abelbarraza3 — Mon, 01 Nov 2021 19:40:08 GMT

Hello,

I recieved an amex platinum card about 6 months ago. I noticed my Pay Over Time limit is pretty low at $2,500. This last month I spent $8,100. I would like to know if there is a way to request Pay Over Time limit to be increased? If not is it typically auto-increased? Does anyone have a time frame for auto-increases and were you notified. I always pay in full but would like to increase my Pay Over Time limit in case of an emergency.

Re: How to raise Pay Over Time limit on Amex Platinum?

simplynoir — Mon, 01 Nov 2021 21:20:50 GMT

For Pay Over Time you cannot request an increase for the limit as it is initiated by AMEX themselves automatically. AFAIK no one really knows what it takes to increase it and any increases automatically given the customer is not notified of the change I believe. You will just see a change in your statement of the increase itself

Perhaps contacting customer service might be beneficial to see if their policies have changed regarding customer-initiated requests

Re: How to raise Pay Over Time limit on Amex Platinum?

greatscott85 — Mon, 01 Nov 2021 22:17:22 GMT

You can always turn it off. You might have to wait for a statement or two. Keep in mind, if you do, the full balance is due for each statement.

Re: How to raise Pay Over Time limit on Amex Platinum?

Curious_George2 — Mon, 01 Nov 2021 23:58:32 GMT

I don't recommend doing this, but in my experience, the way to get your Pay Over Time limit raised is to use a lot of it. In my younger days, I foolishly carried a balance on my Amex charge card for years, and as the balance grew, so did the POT limit. Now my POT limit is $50k, but I might literally cry if I added up how much interest I paid to get it there. Please don't do that.

If you want to have available credit as a "just in case" option, I suggest looking for good BT cards instead.

Re: How to raise Pay Over Time limit on Amex Platinum?

NRB525 — Wed, 03 Nov 2021 01:34:55 GMT

@greatscott85 wrote:
You can always turn it off. You might have to wait for a statement or two. Keep in mind, if you do, the full balance is due for each statement.

I don't think turning off the PoT feature would eliminate the calculation of PoT limit. As I understand it, the PoT limit is used for both named Pay Over Time, as well as Plan It balances.

TLDR You get the PoT Limit for free.

Re: How to raise Pay Over Time limit on Amex Platinum?

greatscott85 — Fri, 05 Nov 2021 02:44:52 GMT

@NRB525 You're probably right! Not sure myself. But I think my Gold was like 8k and I was getting emails about spend, got annoyed, found out how to turn it off and haven't looked back .
I can definitely see how people would find value in it though!