Congratulations on your approval!
Grats on your platinum approval 
Congratulations on your approval!!
Oh and OP, one other thing too - congrats on a terrific card for your entry into the Amex family
@Anonymous wrote:Two things for your question OP:
Amex charge cards do not figure into utilization, so you can actually run huge spending without affecting your percentages. They do figure into DTI calculations though so that will matter if looking for loans.
The card doesn't have unlimited spending power. Amex approves spending on a charge by charge basis. There's no set limit but there's an internal limit that'll evolve over time with history being established - spend patterns, payment patterns and amounts, credit profile, etc all go into it. Prove you can pay for it and they'll let you spend it. Some people are throttled to hundreds per month. Others spend hundreds of thousands. It'll depend on your profile and patterns with them over time.
One rep told me a rule of thumb was that your effective limit would be ballparked as roughly 2.5x your average monthly payment on a six-month rolling average. I haven't pushed those limits to see if that's my ceiling but I do know that doing napkin math to figure that dollar value out, I've never had any issues spending below or up to the region of that figure.
Whatchu talkin bout Willis? It's not unlimited? J/K!!
Congrats OP!!! Welcome to the Amex family!!
@blindambition wrote:
@Anonymous wrote:Two things for your question OP:
Amex charge cards do not figure into utilization, so you can actually run huge spending without affecting your percentages. They do figure into DTI calculations though so that will matter if looking for loans.
The card doesn't have unlimited spending power. Amex approves spending on a charge by charge basis. There's no set limit but there's an internal limit that'll evolve over time with history being established - spend patterns, payment patterns and amounts, credit profile, etc all go into it. Prove you can pay for it and they'll let you spend it. Some people are throttled to hundreds per month. Others spend hundreds of thousands. It'll depend on your profile and patterns with them over time.
One rep told me a rule of thumb was that your effective limit would be ballparked as roughly 2.5x your average monthly payment on a six-month rolling average. I haven't pushed those limits to see if that's my ceiling but I do know that doing napkin math to figure that dollar value out, I've never had any issues spending below or up to the region of that figure.
Whatchu talkin bout Willis? It's not unlimited? J/K!!
Congrats OP!!! Welcome to the Amex family!!
Lol well yours might not be. I'm confident mine is!