topic Re: Premier Rewards Gold Card Question in Credit Cards

Premier Rewards Gold Card Question

Anonymous — Tue, 08 May 2012 01:45:16 GMT

Just signed up for this card. I'm switching from a MC. The MC was only giving me 1% on everything and wasn't worth my time. I use it for both business and personal. I only like to have one credit card. My MC had a CL of 25k. I've been reading that the AMEX really doesn't have a CL but more a limit on single purchases... Is that right? I don't want to have to call them when I'm purchasing something thats 3-5k and make sure it will clear. Am I going to have to do this? If so thats going to get really annoying due to my nature of business...

Re: Premier Rewards Gold Card Question

pizzadude — Tue, 08 May 2012 02:15:43 GMT

@Anonymous wrote:
Just signed up for this card. I'm switching from a MC. The MC was only giving me 1% on everything and wasn't worth my time. I use it for both business and personal. I only like to have one credit card. My MC had a CL of 25k. I've been reading that the AMEX really doesn't have a CL but more a limit on single purchases... Is that right? I don't want to have to call them when I'm purchasing something thats 3-5k and make sure it will clear. Am I going to have to do this? If so thats going to get really annoying due to my nature of business...

AMEX charge cards are NPSL ( no preset spending limit ), which means that they adjust your limit up as you build positive payment history with them over time. Your limit should grow quickly assuming that you pay early and often. You can always call in and they'll tell you the limit or use the "check my spending ability" feature on your on~line account.

Re: Premier Rewards Gold Card Question

MissImMe — Tue, 08 May 2012 02:58:17 GMT

I got mine in March. Initially they only let me put $300 on it. Then I paid the $300 and it went up to around 7ish. As of today I'd say I'm at around $4000 not sure what my total "limit" is though. I did call for approval or used the website to check before I went out. Still makes me kind of nervous. People have different experiences and some just went straight to high purchases. I keep my Visa around juuuuust in case.