Congrats on the approval
I hope OP isn't surprised at the annual fee that will come due if OP didn't even realize this was a NPSL card. My brother can spend 60k as he was going to charge a real estate investment on his card since he was paying cash for it anyways. Granted my brothers scores are in the 830s and he rarely opens new accounts and doesn't really carry balances so he's like the perfect Amex cardholder lol
@Peterparkyr wrote:
@OmarGB9 wrote:
@Peterparkyr wrote:
@GZG wrote:
@Peterparkyr wrote:
Approved, with no limit...
What does it actually mean?
it means you have a secret limit in the background which will update dynamically based on your report, spend, income etc.
If Pay Over Time is an option, you'll find what this limit likely is.
There is a "check spending power" button. I wouldn't click it. It's like screaming "AMEX AUDIT ME PLEASE"Thanks. Yeah there is not "check spending power" button. It just says "No Preset Spending Limit". So if I try to charge beyond that "secret limit" I just get declined I imagine? I guess the "pay over time" option shows up when I have a balance?
This is all new to me.
Yes exactly. But just curious, why did you apply for this card if you didn't really know how it worked? BTW, you do know it comes with a $250 annual fee, right?
Congrats nonetheless.
BTW, as far as utilization, this card doesn't factor into your utilization. However, the dollar amount balance IS still included as part of your overall debt in raw dollars.
Please confirm that this is a judgement free zone and I will answer. follow up to you, why do you care about my life decisions? (equally "shaming" question for you)
All posts on these forums must remain friendly, supportive, and respectful. Flaming is not permitted.
The poster's question clearly was not meant as an attack taken into context with the remainder of the post. As you have applied for a charge card rather than a credit card and did not understand what you applied for, this was a legitimate question.
FTR - my monthly spend on Amex Gold is offen more than my POT limit and has never resulted in a decline.
Congrats OP.
