Approved for AMEX SPG but low limit...how to use?

[IWOL]

I was approved for the AMEX SPG over the weekend but they gave me  a low starting limit of $1000. Im a little surprised since my current average limit on my prime cards is $5K but Im happy to be in with AMEX and I know I will be able to get it bumped to $3K after 61 days.

My monthly spend on CC is around $8K a month so Im wondering, what does AMEX like to see. Would it be advisable to charge more than my limit with multiple payments each month or should I just use say $500 a month on the SPG until I get a CLI?

I would like to get the 30K bonus points sooner than later which requires a $5k spend. I could easily get that done in 2 months but would obviously require a spend of atleast $2500 each of the first two months which would be 2.5 times the limit.  

[DrZoidberg]

There is a tool online to see if you are approved to spend more than the limit. And with the $1k limit you most likely won't get a 61 day increase. The Amex $1k limit is their way of making you prove yourself. 

[IWOL]

Thanks for the reply. As far as spending pattern Im not too worried about being able to go over my limit as I would make multiple payments to stay under the limit.

Would it be advisable to charge say up to $700, then PIF, charge $700 again, PIF etc, in one month or would they consider that a risky charge/payment pattern.

If im not able to get a CLI after 61 days I would have to basically charge atleast the entire limit every month for 1st 6 months to meet the minimum spend.

[alvon123]

congrats on your approval

[coldnmn]

Congrats! Thanks for sharing.

[SunriseEarth]

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@IWOL wrote:

I was approved for the AMEX SPG over the weekend but they gave me  a low starting limit of $1000. Im a little surprised since my current average limit on my prime cards is $5K but Im happy to be in with AMEX and I know I will be able to get it bumped to $3K after 61 days.

My monthly spend on CC is around $8K a month so Im wondering, what does AMEX like to see. Would it be advisable to charge more than my limit with multiple payments each month or should I just use say $500 a month on the SPG until I get a CLI?

I would like to get the 30K bonus points sooner than later which requires a $5k spend. I could easily get that done in 2 months but would obviously require a spend of atleast $2500 each of the first two months which would be 2.5 times the limit.  

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Congrats on approval.   Anecdotally, AMEX seems to prefer one large payment to multiple payments.   IIRC, they do only take one payment before the first statement, so if you run up the charges too much, you might have to push payments from your bank.   The low CL is frustrating, but so long as you don't let a big balance post, you probably could get the 3X CLI in 61 days.  

[efranklin23]

Congrats on approval. And yea, you'll just have to make multiple payments a month. This is a test from AMEX