Amex applications

[Anonymous]

The credit lines on my two personal Amex revolvers sum to $35,000.
On the Amex web site I show as preapproved for all personal cards.
Does preapproval mean anything?
What would likely happen if I applied for another Amex card?

[Anonymous]

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@Anonymous wrote:
The credit lines on my two personal Amex revolvers sum to $35,000.
On the Amex web site I show as preapproved for all personal cards.
Does preapproval mean anything?
What would likely happen if I applied for another Amex card?

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While there is no guarantee, Amex preapprovals are known to be fairly reliable so unless there is some recent negative change to your credit reports, you would be approved for any of the cards that show as being preapprovals 

[Jnbmom]

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@Anonymous wrote:
The credit lines on my two personal Amex revolvers sum to $35,000.
On the Amex web site I show as preapproved for all personal cards.
Does preapproval mean anything?
What would likely happen if I applied for another Amex card?

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As long as is says "preapproved" and not expand your membership you should be good to go.

[Anonymous]

Any way to guess whether credit line would be reallocated from an existing card?
If credit were reallocated and Amex immediately updated cra's that would have no impact on my utilization.
Given the normal delay in Amex reporting, my utilization would increase until new card reported.

[Anonymous]

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@Anonymous wrote:
Any way to guess whether credit line would be reallocated from an existing card?
If credit were reallocated and Amex immediately updated cra's that would have no impact on my utilization.
Given the normal delay in Amex reporting, my utilization would increase until new card reported.

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No way of knowing.  Your income and overall credit are the determining factors in how much overall credit that Amex will extend to you.  While not a definitive number, about 40% of your reported income will be your max credit line.