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AMEX Card with High Starting Limit (SL)

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Re: AMEX Card with High Starting Limit (SL)

@HeavenOhio wrote:

@seattlecredit08 wrote:

As for curiosity around utilization padding, perhaps it also stemms from being over-worried.... In these uncertain times, what if, what if...

Here you're describing a backup card, which makes sense and is a reasonable motivation for wanting a high limit. A card could go south, either momentarily (e.g. a terminal balking), for a few days (e.g. a fraud situation), or permanently. In a situation like that, you want to be able to pull out another card and hit the ground running with minimal disruption.


With backup cards, it's possible that the rewards structure might be less than ideal, but you'd have your limit to keep you from being totally up a creek. AMEX is good in this situation because they give out high limits without necessarily requiring a lot of spending. What keeps AMEX from being ideal is its acceptance rate.


I'm unimpressed by total credit limits, though. If math would allow me to have four 15k cards and a total credit limit of 40k, I'd be happy. Being able to work within the 15k on an individual card is what's important.

Definitely agree with @HeavenOhio. Not sure what the point of growing TCL other then UTI padding but if it's for bragging rights, I'm all for it. Smiley Wink


On the other question - since the options stated are as follows - BCE, BCP, ED, EDP, Cash Magnet. I would drop the BCP simply because of the AF. An AF does not increase the chance of having a higher SL. I have the BCE and have done a fair amount of research on the BCE/BCP and in the end, I ended up with the BCE simply because I didn't see any difference between the SLs and also, the AF. I would also drop the EDP for the same reason. That leaves you BCE, ED and Cash Magnet. Out of those 3, IMHO, I'd go with the BCE. Decent rewards, 3x CLI on day 61, chances of growing are pretty good. Either that or the CM. As always, YMMV. 

Scores - All bureaus 750 +/-
TCL - Est. $275K
Message 31 of 34
Community Leader
Senior Contributor

Re: AMEX Card with High Starting Limit (SL)

You'll likely be presented with an upgrade offer and a bonus at the one-year point if you start out with a BCE and decide that a BCP will be a better fit moving forward.

Message 32 of 34

Re: AMEX Card with High Starting Limit (SL)

I want high limit cards too Smiley Sad

EX = 784 / TU = 780 / EQ = 782 ( Dec 2019)

Utilization = 7-11%
AMEX BCE = $8,800
AMEX Blue Business Cash =$17,800
Alliant Signature = $30,000
USB Cash+ = $25,000
Citi DC = $21,000
Citi Rewards+ = $25,500
Citi Thank You = $11,000
Discover IT = $20,700
BoA CashReward = $21,600
BoA Americard = $40,000
WellsFargo Wise = $20,000
BBVA ClearPoints = $10,000
Crab One Master = $4500
Mercury Master = $6,750
Total Rewards Visa = $23,000
Apple Card = $30,000
Sams Club Master = $3,000
2) Capital One DONT LIKE ME (Never approve all their cards)
3) Cannot Pass Barclay Security (Regardless how many documents I sent to them still cannot confirm my ID)

$500k family
Message 33 of 34
Established Member

Re: AMEX Card with High Starting Limit (SL)

I had to login just to give you kudos and say thanks! You asked everything I wanted to ask accept in a more clear and quick way. 🙌🏾

NFCU Go Rewards CC $25k *New (May)
Capital One Platinum $3.8k
Macy’s CC $5k AU
Victoria Secrets CC $5k AU
BofA CC $3.5k AU
Chase CC $3k AU
BofA CC $1700 AU

Starting Score: 515
Current Score:EQ671/TU663/EX692
Goal Score: 760

Message 34 of 34
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