topic Re: Finally got Amex Platinum spending limit removed! in Credit Cards

Finally got Amex Platinum spending limit removed!

vinster95 — Fri, 17 May 2024 07:28:22 GMT

Hey everyone! Wanted to share some good news! I've had a $4100 dollar preset spending limit on my Platinum card for a few years now. I have no idea why they put a limit on it a few years ago, but it really annoyed me because I heard with a preset spending limit they wouldn't increase my other cards. And I've been wanting to get an increase on my Delta Gold card for years. So now I can finally do that! I'm probably going to wait a couple of months to do that, this way it doesn't look like I'm just asking for the increase and wanting more credit right away. Figured I'll give it 2-3 months and then ask for it! So just wanted to share the good news that I'm back to no preset spending limit!

Side question: When I go request a CLI, should I ask for the Amex 3x increase? My limit is $3000 right now, so should I be asking for $9000 and is it likely to get approved instantly? And second question is is it a soft pull or a hard pull on your credit report? Thanks!

Re: Finally got Amex Platinum spending limit removed!

nytokyobred79 — Fri, 17 May 2024 10:18:48 GMT

Congrats on getting the preset limit removed. With regards to your cli request, you can ask for 3x( $9000) and they'll either approve that outright, offer something lower like $6000 or they may deny. It's all dependent upon your spending habits, payment habits and profile at the time. CLI's are sp so no worry of a hard pull. Note that if they decline the request, the clock will be reset before you can request another cli.

Re: Finally got Amex Platinum spending limit removed!

keekers — Fri, 17 May 2024 15:15:45 GMT

Congrats.

Re: Finally got Amex Platinum spending limit removed!

SouthJamaica — Fri, 17 May 2024 15:50:06 GMT

@vinster95 wrote:
Hey everyone! Wanted to share some good news! I've had a $4100 dollar preset spending limit on my Platinum card for a few years now. I have no idea why they put a limit on it a few years ago, but it really annoyed me because I heard with a preset spending limit they wouldn't increase my other cards. And I've been wanting to get an increase on my Delta Gold card for years. So now I can finally do that! I'm probably going to wait a couple of months to do that, this way it doesn't look like I'm just asking for the increase and wanting more credit right away. Figured I'll give it 2-3 months and then ask for it! So just wanted to share the good news that I'm back to no preset spending limit!

Side question: When I go request a CLI, should I ask for the Amex 3x increase? My limit is $3000 right now, so should I be asking for $9000 and is it likely to get approved instantly? And second question is is it a soft pull or a hard pull on your credit report? Thanks!

1. Congratulations on getting rid of the preset limit.

2. It doesn't hurt to ask for the max, because if Amex is willing to do a CLI but for less, they will counteroffer.

3. It's almost invariably a soft pull. But that can never be 100% guaranteed.

Re: Finally got Amex Platinum spending limit removed!

Rdbeetle — Fri, 17 May 2024 16:13:35 GMT

Congrats on getting your pre-set limit removed

Re: Finally got Amex Platinum spending limit removed!

NAVYCHOP — Sat, 18 May 2024 00:19:13 GMT

Congrats on the release of a preset spending limit. I don't think it matters if you wait to ask for a CLI, but you may know your circumstances best. I have had a card for decades which had a $12k spending limit slapped on it a few years ago. The month after the limit was removed, they let me generate a $63k statement which I paid off-- so once the lid was off, it was off.

Re: Finally got Amex Platinum spending limit removed!

coldworld — Sat, 18 May 2024 01:20:54 GMT

@SouthJamaica wrote:
@vinster95 wrote:
Hey everyone! Wanted to share some good news! I've had a $4100 dollar preset spending limit on my Platinum card for a few years now. I have no idea why they put a limit on it a few years ago, but it really annoyed me because I heard with a preset spending limit they wouldn't increase my other cards. And I've been wanting to get an increase on my Delta Gold card for years. So now I can finally do that! I'm probably going to wait a couple of months to do that, this way it doesn't look like I'm just asking for the increase and wanting more credit right away. Figured I'll give it 2-3 months and then ask for it! So just wanted to share the good news that I'm back to no preset spending limit!

Side question: When I go request a CLI, should I ask for the Amex 3x increase? My limit is $3000 right now, so should I be asking for $9000 and is it likely to get approved instantly? And second question is is it a soft pull or a hard pull on your credit report? Thanks!
1. Congratulations on getting rid of the preset limit.
2. It doesn't hurt to ask for the max, because if Amex is willing to do a CLI but for less, they will counteroffer.
3. It's almost invariably a soft pull. But that can never be 100% guaranteed.

To piggyback on number 3; it is more likely than not that any new account you open with Amex will be softpull. My datapoints are that I have 5 amex cards (3 personal 2 business) and personal loan. The only hardpull I've ever gotten from Amex was my platinum card (my first amex).

Re: Finally got Amex Platinum spending limit removed!

Tdelena22 — Wed, 21 Aug 2024 02:14:44 GMT

How did you do it?!

Re: Finally got Amex Platinum spending limit removed!

icconway — Fri, 11 Oct 2024 03:30:13 GMT

Congrats, if you don't mind me asking what did you do to have it removed?