Amex is out of this world (SimplyCash Plus)

[lexrjSD]

It boggles my mind how much credit Amex is whiling to extend to me, the card has a $50K limit but I often get approved for $150K spending!

[K-in-Boston]

Well, they do want you to be Open for Business. <rimshot>

[Anonymous]

If you put 150k on the card you would be at over 100 percent total utilization. Probably destroy your FICO score. Plus your AMEX minimum payment would be 100k.

[Anonymous]

Don't forget to Buy Tesla with your Amex and get $5,000 cash back! LOL

https://ficoforums.myfico.com/t5/Credit-in-the-News/60-000-Tesla-with-a-credit-card-and-earned-an-es...

[wasCB14]

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@Anonymous wrote:
If you put 150k on the card you would be at over 100 percent total utilization. Probably destroy your FICO score. Plus your AMEX minimum payment would be 100k.

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Remember, Amex business card don't report, so utilization doesn't report.

I've exceeded 100% utilization on my BBP without any problems.

[lexrjSD]

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@wasCB14 wrote:

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@Anonymous wrote:
If you put 150k on the card you would be at over 100 percent total utilization. Probably destroy your FICO score. Plus your AMEX minimum payment would be 100k.

---

Remember, Amex business card don't report, so utilization doesn't report.

I've exceeded 100% utilization on my BBP without any problems.

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The beauty of business cards! Another thing that makes no sense to me....but I'll take it.

[Anonymous]

How much do you actually put on it monthly?

[lexrjSD]

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@Anonymous wrote:
How much do you actually put on it monthly?

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It really varies every month, the max was $45K, but the avg is $3k-5k.

[601flyguy]

Gotta love em. I got the same card with a 22.5k sl back in May. Ive put 100k through it already. It's like the credit limit is just for show...

[lexrjSD]

Seriously, are they pranking me?