topic Re: Amex charge monthly usage in Credit Cards

Amex charge monthly usage

Anonymous — Thu, 16 Jun 2011 19:47:15 GMT

What's the most you have ran through your Amex charge card in a month...so far my usage for this month is at $9100 and my statement closes in a few days I'm kinda nervous to keep charging....I hear so many horror stories. Had the card since Oct. 2010 platinum charge card. My average usage would be around 5k give or take 1k.

Re: Amex charge monthly usage

Anonymous — Thu, 16 Jun 2011 19:56:57 GMT

From what I have gathered, AMEX has a pretty good sense of what each cardholder can handle. So, it may be that their internal notes on you give you max headroom up to the ceiling, whereas with me, they probably gave me one of those ultra-low, popcorn ceilings from the 60's.

I imagine that if your monthly spending is well within what they think you can handle, they probably won't bat an eye. May be different for the next guy. If I started spending $9K a month, they'd shut me down so fast my head would spin.

Re: Amex charge monthly usage

haulingthescoreup — Thu, 16 Jun 2011 20:25:26 GMT

Maybe go ahead and pay now, part of it anyway?

Otherwise, I agree, they're probably OK with where you are. Although I sure wouldn't pay one day later on this one than you normally do.

Re: Amex charge monthly usage

Anonymous — Thu, 16 Jun 2011 20:43:18 GMT

You guys have a good point i make multiply payment thru out the month on it though. So my outstanding balance is never that high. But I just wondered if that much usage and that many payments would raise any alerts for AA.

Re: Amex charge monthly usage

RockinRay — Thu, 16 Jun 2011 20:45:28 GMT

My logic is simple. I pay on Sunday mornings for the charges I made the previous week. Maybe over kill but keeps things simple and the budget on track.

Ray

Re: Amex charge monthly usage

Walt_K — Thu, 16 Jun 2011 21:05:40 GMT

If you're paying as you go, I can't imagine they care one bit how much you're putting through the card. Or rather, they care and are extremely pleased.

Re: Amex charge monthly usage

haulingthescoreup — Thu, 16 Jun 2011 21:12:15 GMT

They love having their cards used AND paid off! This is exactly what they like to see with their charge cards, IMO.

Re: Amex charge monthly usage

jj10939 — Thu, 16 Jun 2011 23:17:41 GMT

Why is everyone so concerned with AMEX doing AA or FR on their accounts? As long as they are approving your transactions and you are paying them off when you are supposed to and not breeching your account agreement with them, then I don't see how there is anything to worry about?

I have never worried about my AMEX. I use it exclusively for gas and grocery purchases for the 2x points on the PR Gold card and have had no issue whatsoever.

Re: Amex charge monthly usage

Anonymous — Fri, 17 Jun 2011 00:14:31 GMT

well i had an issue with bofa in the past before i became an amex custre and i was in bestbuy and my card was declining for a 200 charge i called bofa and they closed my accounts because they said my balances had gotten too high with my outside creditors and they felt i was a hig risk....so reading alot of negativity about amex makes me kinda wary...thats the only reason why i dont think ill ever want a revolving credit product from them im happy with the charge card..cause u set your own limit and it helps you maintain financial responsibilty

Re: Amex charge monthly usage

Anonymous — Sun, 19 Jun 2011 18:15:24 GMT

@jj10939 wrote:
Why is everyone so concerned with AMEX doing AA or FR on their accounts? As long as they are approving your transactions and you are paying them off when you are supposed to and not breeching your account agreement with them, then I don't see how there is anything to worry about?

I have never worried about my AMEX. I use it exclusively for gas and grocery purchases for the 2x points on the PR Gold card and have had no issue whatsoever.

Your monthly spend is really based on a pattern. For example, as another poster mentioned, if they charged 9k Amex would probably give some kind of AA, whereas some people charge 50k or more/month and Amex doesnt bat an eye. It's all based on your profile with them. They're pretty flexible with what they'll let you do. For example, last November I charged about 2.5 times my normal amount on my card (xmas gifts and my down payment for my motorcycle) and no AA or anything.

Re: Amex charge monthly usage

DI — Sun, 19 Jun 2011 18:19:34 GMT

@jj10939 wrote:
Why is everyone so concerned with AMEX doing AA or FR on their accounts? As long as they are approving your transactions and you are paying them off when you are supposed to and not breeching your account agreement with them, then I don't see how there is anything to worry about?

I have never worried about my AMEX. I use it exclusively for gas and grocery purchases for the 2x points on the PR Gold card and have had no issue whatsoever.

+1 Please post that comment on the following thread too:

http://ficoforums.myfico.com/t5/Credit-Cards/You-ve-GOT-to-be-kidding-me/td-p/949506/page/4

Re: Amex charge monthly usage

Anonymous — Sun, 19 Jun 2011 19:22:24 GMT

Well I can't speak for anyone else but it's a major inconvenience to be somewhere and have your charges not get approved. So after all the horror stories Amex user just try to avoid that situation by any means. And it doesn't hurt to ask questioned and to hear other people's experiences with Amex whether good or bad.