topic Re: AMEX Preset Limits and NPSL in Credit Cards

AMEX Preset Limits and NPSL

NAVYCHOP — Thu, 01 May 2025 03:57:23 GMT

Thought I would just give a measure of hope for those with AMEX pre-set spending limits. About mid-2020, I had an electronic automatic PIF payment reject from my bank. I called AMEX and gave them another bank account and paid the balance off but that triggered a three year odyssey where they placed a $3k pre-set spending limit that over time was raised to $10k and then ultimately returned to NPSL at about the three year mark. Now about two years after returning to NPSL, we had a major home improvement payment and AMEX allowed a $75k single charge on the 39 year old Platinum account, so once the lid come off and returned to NPSL, it really did come off. I noticed also as an NPSL card, the high balance did not appear to lower my 800 plus FICO 8 score in the slightest. I suppose it may affect the Vantage scores but I have not seen it report yet to those scores.

This seems to underline to me the value of having the AMEX charge card because it did not report as maxed out as it would have on a Mastercard or Visa. I also don't even have a credit card with a limit that high. So it provided me the flexibility to place a large charge on the account when I always pay in full.

As an aside, when they placed a pre-set limit on the account, they also dropped the pay over time credit limit which I never used from $35k to $18.5k. For my own vanity, about a year ago, I requested they raise it back to $35k. AMEX rejected the request with the notation that they could not increase it because I never use the pay over time credit line.

Thought these data points may be useful for some. Any returned payment risks obviously triggering the pre-set limit, even if you pay it off before the monthly bill generates, as I suppose they interpret that as financial distress.

Re: AMEX Preset Limits and NPSL

GZG — Thu, 01 May 2025 05:03:06 GMT

@NAVYCHOP wrote:
Thought I would just give a measure of hope for those with AMEX pre-set spending limits. About mid-2020, I had an electronic automatic PIF payment reject from my bank. I called AMEX and gave them another bank account and paid the balance off but that triggered a three year odyssey where they placed a $3k pre-set spending limit that over time was raised to $10k and then ultimately returned to NPSL at about the three year mark. Now about two years after returning to NPSL, we had a major home improvement payment and AMEX allowed a $75k single charge on the 39 year old Platinum account, so once the lid come off and returned to NPSL, it really did come off. I noticed also as an NPSL card, the high balance did not appear to lower my 800 plus FICO 8 score in the slightest. I suppose it may affect the Vantage scores but I have not seen it report yet to those scores.

This seems to underline to me the value of having the AMEX charge card because it did not report as maxed out as it would have on a Mastercard or Visa. I also don't even have a credit card with a limit that high. So it provided me the flexibility to place a large charge on the account when I always pay in full.

As an aside, when they placed a pre-set limit on the account, they also dropped the pay over time credit limit which I never used from $35k to $18.5k. For my own vanity, about a year ago, I requested they raise it back to $35k. AMEX rejected the request with the notation that they could not increase it because I never use the pay over time credit line.

Thought these data points may be useful for some. Any returned payment risks obviously triggering the pre-set limit, even if you pay it off before the monthly bill generates, as I suppose they interpret that as financial distress.

consider disabling the POT, it's a toggle on the website somewhere, they often offer bonuses to turn it back on

good to see Amex is willing in some cases to revert a pre-set limit and bring it back to NPSL and I'm sure that nice big $75k charge reported to your credit report is great for lenders to see you paying off

charge card balances can impact mortgage scores, so keep an eye out for that if needed

Re: AMEX Preset Limits and NPSL

Thomas_Thumb — Thu, 01 May 2025 05:08:31 GMT

Congrats on getting back in AMEX good graces.

Their reason on not increasing your POT limit is probably a white lie. My npsl green card POT limit is $35k. I never used it and even had it cancelled a couple times. They kept reactivating it at the same $35k level. I finally gave up and let it stay active.

Re: AMEX Preset Limits and NPSL

NoMoreE46 — Thu, 01 May 2025 13:59:47 GMT

Thanks for providing the background on your Amex Plat journey @NAVYCHOP !