topic Re: Amex NPSL Question in Credit Cards

Amex NPSL Question

12njoy — Sun, 27 Oct 2013 00:19:20 GMT

Hello Forum members,

I have a question regarding the NPSL. A little history. I have an Amex PRG that I opened in July 2013. At that time, my credit karma (TU) fako score was 680. Upon opening, I contacted Amex to find out what my purchasing power was. I was told $10,000 which was a little suprising that it would be that high considering the low score and I had three derog's on my report at that time. Amex has said that they base the NPSL on credit record, income and assets known to them, payment and charge history. Since I started out with $10,000 I assume it was based on credit history. I'm interested to to know what others started out with on their NPSL who may have had a similiar profile as mine (i.e. stats at time of application - income 49k, AAoA 5 yrs, TU Fako 680, assets 25K, 3 CO's/4.5 years old). I've since opened up several cards with Amex and income and score have both increased. Since July 2013, I have run $11,700 through the PRG card. Amex said they review every six months. I'm also trying to gauge what may happen at six months with PRG in December 2013. Any insight would be greatly appreciated. Thank you.

Re: Amex NPSL Question

jamesdwi — Sun, 27 Oct 2013 01:21:03 GMT

Never really checked other that the spending ability check tool, i have ran values of up to 3k plus a thousand or so balance on the card, always approved, never had a charge denied, I have the Zync card that see's very little use these days as most of my spending goes to BCP and Hilton Surpass card, myfico is automaticly charged to that card, and sometimes i put small charges on it. $100 is a big month for the card.

I wonder sometimes what my spending ability on the card is now, I put 2-3k a month in charges on my other two AMEXcards both revolvers.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 01:28:05 GMT

@jamesdwi,

Thanks. I periodically call Amex to find out what my NPSL is. I've used the tool a couple of times, but was locked out once so I just call Amex now. I just found it odd that they would start me at 10k. According to Amex, as of today, I'm at $9,995. I guess it's a little off because I have a present balance of $9.99 on it which is down from $4,600. I normally PIF before my statement closes on the 29th.

Re: Amex NPSL Question

armbenderc — Sun, 27 Oct 2013 02:05:57 GMT

Just charge away and use the 35k PoT. J/k

Re: Amex NPSL Question

ezdoesit — Sun, 27 Oct 2013 02:07:18 GMT

@12njoy wrote:
@jamesdwi,

Thanks. I periodically call Amex to find out what my NPSL is. I've used the tool a couple of times, but was locked out once so I just call Amex now. I just found it odd that they would start me at 10k. According to Amex, as of today, I'm at $9,995. I guess it's a little off because I have a present balance of $9.99 on it which is down from $4,600. I normally PIF before my statement closes on the 29th.

You run about 3k a month thru your card is that correct?

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:08:21 GMT

@armbenderc,

I wasn't offered the PoT feature so I'm PIF. Not sure I would use the feature because I hear the rate is high and possibly frowned upon by Amex.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:13:42 GMT

@ezdoesit,

July $1,900

Aug $3,100

Sept $2,100

Oct $4,600

Re: Amex NPSL Question

armbenderc — Sun, 27 Oct 2013 02:16:53 GMT

@12njoy they will offer to you soon. They did me. Yes the interest is high 18.99 but you can put any charge over $100 on it. Just use it for big ticket items... Aka header and a tune for a car. Oh wait wrong forum lol

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:19:16 GMT

@armbenderc,

How long did it take for them to offer it to you? How often do you use the feature? Have you seen any adverse affect from using the feature?

Re: Amex NPSL Question

Pat94108 — Sun, 27 Oct 2013 02:27:36 GMT

@12njoy wrote:
@armbenderc,

How long did it take for them to offer it to you? How often do you use the feature? Have you seen any adverse affect from using the feature?

For what it's worth, I was offered the PoT feature when I was enrolling for managing my card online, so basically on the day I received my card last month. Over at the Amex website, someone else told me that they were offered the feature after a year of cardmembership and have used it a few times and it has proven to be useful and no, no AA.

Re: Amex NPSL Question

cashnocredit — Sun, 27 Oct 2013 02:28:06 GMT

This is what I love about Amex. An absolutely unsurpassed ability to charge large amounts. I didn't have baddies but my oldest acct was just 3 years. I've checked a couple of times before purchases >20k then > 50k which were approved but I have no idea what the actual limit is. At this point I no longer bother to check though I suppose I would if I was looking at using it for >80k or so and I don't forsee that as likely.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:31:47 GMT

@Pat94108,

Thanks for the info

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:33:44 GMT

@cashnocredit,

Thanks for the info. Like you, I'll most likely never even use the 10k I have now, but it's sure nice to know you have it if you ever need it

Re: Amex NPSL Question

armbenderc — Sun, 27 Oct 2013 02:41:16 GMT

Pat is correct. I got offered after 6 months of membership. There is no AA and the reported balance does not count toward your util. Well, depending on which fico model you use.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:44:11 GMT

@armbenderc,

I noticed that the PRG reports to both EX and EQ as a credit card. It's not calculated in my utilization and reports no credit limit. If I ever did carry a balance, how does the balance report? Currently there is no balance. It just reports highest balance.

Re: Amex NPSL Question

armbenderc — Sun, 27 Oct 2013 02:48:10 GMT

@12njoy according to my Amex credit secure, it just report balance. The balance is not included in your regular util. In fact it doesn't even show unless you look at Amex card to actually see the balance.

Re: Amex NPSL Question

cashnocredit — Sun, 27 Oct 2013 02:47:58 GMT

The highest balance is reported. Charge cards don't affect FICO Util calcs at all except for the older TU 98 FICO. I've had the balance report all over the place from zero on up and it has never affected EX or EQ FICO scores.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 02:50:55 GMT

@armbenderc & cashnocredit,

Thanks. I see that is how it reports on EX and EQ now as the highest balance without the PoT feature for me.

Re: Amex NPSL Question

09Lexie — Sun, 27 Oct 2013 03:14:40 GMT

Amex charge cards do not effect your util because the CL is n/a.

Re: Amex NPSL Question

12njoy — Sun, 27 Oct 2013 03:18:32 GMT

@09Lexie,

Thanks.