topic Re: AMEX maximum total credit limit in Credit Cards

AMEX maximum total credit limit

WNA888 — Fri, 22 Aug 2014 08:37:16 GMT

With regards to AMEX, I read from a few posts on here and different forums that requesting a CLI over $24,500 on a card will prompt AMEX to ask for your tax documents, and that if you have multiple AMEX cards, $35,000 is the max total exposure before they will seek tax docs. I'm just wondering if anyone here has any personal knowledge of whether this is true?

I currently have 3 AMEX cards. I applied for the AMEX Everyday card on the same day it was release months ago, and it brought my total AMEX CL to exactly 35K. So either it's a coincidence or there's some truths to what I read? I want to apply for another amex credit card next month, but I don't want to submit any tax docs.

Re: AMEX maximum total credit limit

OhioCPA — Fri, 22 Aug 2014 11:48:53 GMT

I am at $30k on my Hilton Honors card, and $4k on my BCE. I also have a business card at $8.4k. When I have requested as little as a $1k increase on my personal accounts Amex has requested access to my tax return.

for a new account you likely will see a reallocation from one of your other accounts. This happened to me when I opened the business account. The credit limit was original set at 19k or so with 10k coming from my Hilton Honors account. I was able to get them to move the limit back.

Re: AMEX maximum total credit limit

taxi818 — Fri, 22 Aug 2014 11:52:23 GMT

Many have documented. The total is 40 percent of income.

Re: AMEX maximum total credit limit

OhioCPA — Fri, 22 Aug 2014 12:47:55 GMT

@taxi818 wrote:
Many have documented. The total is 40 percent of income.

I thought the 40% was maximum exposure, not the point that they ask for proof of income. Proof of income appears to be at the hard number of $35,000.

Re: AMEX maximum total credit limit

shakalaka — Fri, 22 Aug 2014 13:29:03 GMT

I have 33.4 on my BCE, no tax documents asked.

Re: AMEX maximum total credit limit

jamesdwi — Fri, 22 Aug 2014 14:08:27 GMT

It all depends on your relationship with AMEX and your income. You may hit the limit if you have only been a AMEX card holder for a year or two, but if you have had an AMEX card in your wallet for a decade or more with a solid history of spending multiple thousands of dollars per month and no payment issues, they probably won't request documents.

Re: AMEX maximum total credit limit

techiegirl — Sat, 23 Aug 2014 05:21:57 GMT

I've been a customer for 20 years and I was still asked for tax docs when I requested a CLI that took me over $35k.

Re: AMEX maximum total credit limit

SunriseEarth — Sat, 23 Aug 2014 07:46:38 GMT

@taxi818 wrote:
Many have documented. The total is 40 percent of income.

The 40% figure is per revolving account and is somewhat anecdotal. As usual, YMMV, based on factors such as income and your internal score.

My SO's roommate has a Delta Gold with a $35K CL. To my knowledge, he's never submitted tax documents, but I believe he also has a very high AMEX internal score and I also believe that CL exceeds 40% of his income.

Re: AMEX maximum total credit limit

WNA888 — Mon, 25 Aug 2014 22:36:30 GMT

Okay, so from reading everyone's post here, it seems like the total cumulative maximum credit limit AMEX will give you is $35K before requesting prooof of income.

Right now, I have 3 cards with AMEX with a $35K limit. I'm going to apply for a new AMEX card soon, so should I call AMEX and request a CLD on one of my cards for let's say $2K, and then apply for a new card (and probably get a $2K CL) so I can increase my AAoA and get the sign up bonus?

I think requesting proof of income is really invasive. What happens if you refuse though? Do they shut all your cards down?

Re: AMEX maximum total credit limit

Kenny — Mon, 25 Aug 2014 22:39:15 GMT

@WNA888 wrote:
Okay, so from reading everyone's post here, it seems like the total cumulative maximum credit limit AMEX will give you is $35K before requesting prooof of income.

Right now, I have 3 cards with AMEX with a $35K limit. I'm going to apply for a new AMEX card soon, so should I call AMEX and request a CLD on one of my cards for let's say $2K, and then apply for a new card (and probably get a $2K CL) so I can increase my AAoA and get the sign up bonus?

I think requesting proof of income is really invasive. What happens if you refuse though? Do they shut all your cards down?

When you call and when they approve you if they say that they can't extend more credit you can simply reallocate CL. No need to CLD any of your cards.

Re: AMEX maximum total credit limit

WNA888 — Mon, 25 Aug 2014 22:52:43 GMT

@KennyRS wrote:
@WNA888 wrote:
Okay, so from reading everyone's post here, it seems like the total cumulative maximum credit limit AMEX will give you is $35K before requesting prooof of income.

Right now, I have 3 cards with AMEX with a $35K limit. I'm going to apply for a new AMEX card soon, so should I call AMEX and request a CLD on one of my cards for let's say $2K, and then apply for a new card (and probably get a $2K CL) so I can increase my AAoA and get the sign up bonus?

I think requesting proof of income is really invasive. What happens if you refuse though? Do they shut all your cards down?

When you call and when they approve you if they say that they can't extend more credit you can simply reallocate CL. No need to CLD any of your cards.

are there like any harm (FICO-wise or anything else) in like requesting a $2K CLD if I PIF every month on all my cards, and I have $100K+ total credit credit limit?

Re: AMEX maximum total credit limit

weehoo — Mon, 25 Aug 2014 23:11:12 GMT

Right now i have BCP - $24k, Delta gold - $5k, Old blue cash - $5k, Hilton honors - $1k. Which is exactly $35k. But before the old blue cash i had BCE which was $8k which would have been over $35k with no tax docs required