topic Re: AMEX in Credit Cards

AMEX

crunching_numbers — Wed, 22 Feb 2012 21:15:11 GMT

What is the check your spending ability button on AMEX for? Does it just calculate your available credit, or is it a way to ask for a CLI?

Re: AMEX

Anonymous — Wed, 22 Feb 2012 22:10:47 GMT

Since AMEX cards are charge cards and have NPSL, the check spending button checks to see if you will get approved for a certiam amount. AMEX will check that against your exposure limit to approve or deny a transaction. your exposure limit is based on your spending patterns

Re: AMEX

pizzadude — Wed, 22 Feb 2012 21:19:48 GMT

@Anonymous wrote:
Since AMEX cargs are charge cards and have NPSL, they check spending button checks to see if you will get approved for a certiam amount. AMEX will check that against your exposure limit to approve or deny a transaction. your exposure limit is based on your spending patterns

+1. AMEX put the button there so that you can check to see if a purchase will go through which might be larger than you have previously charged. Don't click on it all day every day, just use it like it was intended.

Re: AMEX

bichonmom — Wed, 22 Feb 2012 21:27:44 GMT

@crunching_numbers wrote:
What is the check your spending ability button on AMEX for? Does it just calculate your available credit, or is it a way to ask for a CLI?

It should say, "Use with caution." People have posted here about getting FR after using it. It doesn't mean you will, but definitely use with caution and only when necessary. Now that I've been approved for the Amex Zync, I don't plan on touching that button. Just too paranoid from the experiences I've read here.

There is no CL w/a charge card, so no it is not a way of asking for a CLI, since there really aren't CLIs with charge cards. It's probably closest to checking your available credit. I'd only use it if you know you're going to have major expenditures and want to be sure you're covered.

Re: AMEX

crunching_numbers — Wed, 22 Feb 2012 21:33:38 GMT

OK, I get that about the Gold Card, but the button is on my Blue card as well.... What is the function on Blue?

Re: AMEX

Anonymous — Wed, 22 Feb 2012 22:12:23 GMT

The Blue shouldnt have a check spending ability button. I have heard of some people haveing a CLI button on thier AMEX screen but i have never seen it

Re: AMEX

Walt_K — Wed, 22 Feb 2012 22:16:52 GMT

@Anonymous wrote:
The Blue shouldnt have a check spending ability button. I have heard of some people haveing a CLI button on thier AMEX screen but i have never seen it

The revolvers have the button too. Not sure why. People have said that they can put in numbers that are higher than their CL and get approved, so it appears the card acts in some respects as a Signature or World card, though I wouldn't play around seeing how much you can charge above your credit limit.

Re: AMEX

Anonymous — Wed, 22 Feb 2012 22:57:00 GMT

I've never used it and I've never been declined, even when I expected to be a couple times (travel and electronics). Seems to me that it's one of those things where if you have to ask...
That said if I were making a legitimate high tag (above my other current CL's) purchase and hadn't before I would call first, offer to pay in advance if necessary. FR's happen most often when something seems amiss. You know what you can and can't afford, amex probably has a general idea too, which may or may not be accurate... if your spend is outside of what they expect... Well then. Sure there's an internal limit, but I think your general useage (amt and type) and payment history is a hugely significant factor.

Re: AMEX

Anonymous — Wed, 22 Feb 2012 23:00:48 GMT

I have 2 Amex revolvers and both have the "check your spending ability" button. The amount you can charge over your available credit is based on your internal risk score with Amex, i.e. length of history with them and payment history. Just pay it off like you would a Visa Signature card. It's been awhile since I checked but last time I put in 2X my credit line and it was approved with no problem.

Asking for a CLI on the other hand is a lot more than just internal risk. It factors in income, credit history with other lenders, etc.

Re: AMEX

jamesdwi — Fri, 24 Feb 2012 05:36:29 GMT

@pizzadude wrote:
@Anonymous wrote:
Since AMEX cargs are charge cards and have NPSL, they check spending button checks to see if you will get approved for a certiam amount. AMEX will check that against your exposure limit to approve or deny a transaction. your exposure limit is based on your spending patterns

+1. AMEX put the button there so that you can check to see if a purchase will go through which might be larger than you have previously charged. Don't click on it all day every day, just use it like it was intended.

My zync NPSL is in its second month, well barely, used it to pay cellphone bill, and cable bill a few resturants and paid in full the first chance I got weekly for a total of nearly $900 last month but never more than $350 showing at any given time. Hadn't bothered getting the statement cut date, ended up with $29 showing paid the same day. of course it shows that way on my credit reports, no 2 month delay for me before it appeared.

This month. I was currently carying a balance of $220, then paid my cell phone bill $285 for a total of $505. A few minutes later with the cell bill showing in pending, I decided it was time to check my spending ability, checked my spending of an additional $750, just to be sure my internal limit was at least $1250. Approved. Decided okay that was fun made a payment of $400 in 48 hours my balance will be about $100, which i will take care of it next week, 2nd statement doesn't cut until the 7th.