Schwab Platinum approval + POT limit

[icednightpaper]

Similar to other users here, the Schwab Plat was one of my goal cards. It feels weird having applied for it during a year where travel is effectively shut down, but I plan on holding it longer than one year anyways.

Given the apparent "ease" of being approved for charge cards, especially after having other AMEX products, I won't post a DP. I will ask everyone however, any ideas why my POT limit is set at $35k? That feels way too high so I'm expecting that to be lowered after I'm finished hitting the SUB. Is it just a Plat thing?

[AllZero]

Congratulations on your approval!

[Mv350]

congrats on your approval!!!

[Anonymous]

Congratulations on your approval! 👍

[newfossil]

Congratulations!

[AverageJoesCredit]

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@icednightpaper wrote:

Similar to other users here, the Schwab Plat was one of my goal cards. It feels weird having applied for it during a year where travel is effectively shut down, but I plan on holding it longer than one year anyways.

Given the apparent "ease" of being approved for charge cards, especially after having other AMEX products, I won't post a DP. I will ask everyone however, any ideas why my POT limit is set at $35k? That feels way too high so I'm expecting that to be lowered after I'm finished hitting the SUB. Is it just a Plat thing?

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I dunno but a 35k POT limit seems HIGH to me😁

[Cred4All]

Congrats!!  I'm not the expert here but, I think it's commonly known that the initial acceptance is based off a solid profile, income, history points we don't know, etc...    and the POT amount is fluid and always susceptable to adjustment at anytime.

[nuohlac]

Congratulations on your approval!!!

[Anonymous]

Congrats and from DPs I've seen here, $35k seems pretty common for Plat POT. It's likely they'd shut off spending long before you had that much in there but having that as a limit does not seem to be at all rare.

[M_Smart007]

Congratulations on your approval!..