topic Amex revolver overlimit... or it's not overlimit at all? in Credit Cards

Amex revolver overlimit... or it's not overlimit at all?

mikka1 — Sun, 21 Apr 2013 01:49:40 GMT

Got my Amex SPG with $2k limit recenty and in order to fulfil $5k spending requirement asap I decided to charge a big (~$1800) purchase tomorrow to this card.

Earlier this week I used it for an online purchase for around $150, it went through and essentially was charged twice (by mistake) - now one transaction has already posted and another one is still in the hold, BUT because of this I have an available line of ~$1700.

I checked my spending ability putting $2100 in the field for that card, and it got approved. So, what will happen when I try to charge $1800 to this card tomorrow?

1) It will not go through - possible option, but hope this will not be the case

2) It will go through, but Amex will curse me for going overlimit (so, they will consider even transactions in hold to be "overlimit")

3) It will go through and when everything posts in 2-3 days it will still be below the CL (as total posted amount will not exceed my CL), everything will be fine and it will not be considered overlimit....

Thoughts on this?

I can obviuosly charge it to the other card, but I was hoping to use this one for spending req.

Thanks

Re: Amex revolver overlimit... or it's not overlimit at all?

jsucool76 — Sun, 21 Apr 2013 01:52:44 GMT

Amex revolvers work basically like a visa siggy or world mastercard. You can go over your limit, but you have to pif any balance over your limit. If it was approved by your check spend, then it should be approved.

Re: Amex revolver overlimit... or it's not overlimit at all?

SisterGirl — Sun, 21 Apr 2013 02:33:34 GMT

FWIW....Whenever I plan to make purchase(s) on my charge card that aren't in normal spending, I will always phone to advise & make certain that I inform of whom the merchant/spend amount just so we are "connected". They will inform you via phone if there will be a problem with the approval....and I've NEVER had one in 15 years.....or if you need to make a partial payment to know what outcome to expect.

SisterGirl

Re: Amex revolver overlimit... or it's not overlimit at all?

Anonymous — Sun, 21 Apr 2013 02:39:08 GMT

You can alwaysbpay the amount that has posted. Payment shows up on your availlable credit as soon as you do the payment, although it wont show as posted for a day or two.

Re: Amex revolver overlimit... or it's not overlimit at all?

HiLine — Sun, 21 Apr 2013 05:17:58 GMT

@jsucool76 wrote:
Amex revolvers work basically like a visa siggy or world mastercard. You can go over your limit, but you have to pif any balance over your limit. If it was approved by your check spend, then it should be approved.

Amex will not charge an over-limit fee. The OP could also make a payment now to cancel out the purchase to be made tomorrow. Usually it takes longer for a payment to post than for a purchase.

Re: Amex revolver overlimit... or it's not overlimit at all?

Anonymous — Sun, 21 Apr 2013 15:24:20 GMT

Rather then speculate what American Express response might be. Call them. That removed the uncertainty.