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Amex Everyday Preferred Approval, high SL?

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Anonymous
Not applicable

Amex Everyday Preferred Approval, high SL?

Hey All! 

 

I applied and was approved (apparently pre-approved as there was no hard pull) for the Amex Everyday Preferred card.  I already have the Amex Gold for restaurant and grocery spend, but my spouse and I spend enough at gas stations every month to make extra points in that catagory worth adding the EDP to our wallets.  Anyway, Amex gave me a SL of $22,200 which I honestly found shocking.  Should I be shocked, or is that fairly normal?  I also have the Delta SkyMiles Plat which has a $17,500 limit, plus several other cards in the $8-12K range so I really didn't expect to get more than maybe a couple grand on the EDP.  My scores are around 785, utilization is about 5%, DTI around 12%.  What I find absurd is that my total credit limit now far exceeds my annual income.  Just wondering if maybe Amex made a mistake, especially given the current economy.  

Message 1 of 18
17 REPLIES 17
AllZero
Mega Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Congratulations on your approval!

Message 2 of 18
AllZero
Mega Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Message 3 of 18
Anonymous
Not applicable

Re: Amex Everyday Preferred Approval, high SLI?

Congratulations on your approval!!

 

 

Message 4 of 18
M_Smart007
Legendary Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Congratulations!

Message 5 of 18
M_Smart007
Legendary Contributor

Re: Amex Everyday Preferred Approval, high SLI?


@Anonymous wrote:

 What I find absurd is that my total credit limit now far exceeds my annual income.  Just wondering if maybe Amex made a mistake, especially given the current economy.  


I highly doubt Amex made a mistake.

Message 6 of 18
nuohlac
Valued Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Congrats on your approval!!! They didn't make a mistake. 





Message 7 of 18
19eighty5
Senior Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 8 of 18
coreyb80
Super Contributor

Re: Amex Everyday Preferred Approval, high SLI?

Congrats on the approval!!

Message 9 of 18
Anonymous
Not applicable

Re: Amex Everyday Preferred Approval, high SLI?

Congrats 🎉.

I cant wait to finally be approved for an AMEX card, like this or the Blue Cash Everyday with a CL like that. This is a goal!

Message 10 of 18
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