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AMEX Limit 4 on Credit Cards now ?

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Frequent Contributor

AMEX Limit 4 on Credit Cards now ?

 Any validity to AMEX Limit 4 on Credit Cards now ? 





Message 1 of 38
37 REPLIES 37
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Established Contributor

Re: AMEX Limit 4 on Credit Cards now ?

First I've heard of it. Where did you hear of it?













Message 2 of 38
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Frequent Contributor

Re: AMEX Limit 4 on Credit Cards now ?

Doctor of Credit 





Message 3 of 38
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Super Contributor

Re: AMEX Limit 4 on Credit Cards now ?

I haven't heard of Amex shutting down a 5th, 6th, or Nth open revolver. But there are a few DPs suggesting that at the very least, getting 5 or more may be harder.

 

If I do end up having to close one it would probably be ED or BCP.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, Freedom x 2, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC, ED, QS
Upgrade/downgrade games: BCP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 4 of 38
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Senior Contributor

Re: AMEX Limit 4 on Credit Cards now ?


@wasCB14 wrote:

I haven't heard of Amex shutting down a 5th, 6th, or Nth open revolver. But there are a few DPs suggesting that at the very least, getting 5 or more may be harder.

 

If I do end up having to close one it would probably be ED or BCP.


They won't close cards but getting new ones might start.  From what I read there isn't enough data points on this.  It looks like Amex might be trying to cut down SUB costs rather than change reward structure or dilute MR points.

 

If this is true, here we go again........Like 5/24 and Amex the haters will be coming out in force.

Personal Cards: Amex Plat | Amex Delta Res | Amex Hilton | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
Message 5 of 38
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Super Contributor

Re: AMEX Limit 4 on Credit Cards now ?


@VIPERLTDMYFICO wrote:

Doctor of Credit 


No link? DoC is a jumble so finding this individually is an Easter Egg Hunt.  

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 6 of 38
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Valued Contributor

Re: AMEX Limit 4 on Credit Cards now ?

Believe this may be what was referred to: https://www.doctorofcredit.com/has-american-express-started-limiting-some-customers-to-4-lending-pro...

 

Not many concrete confirmations here, the final statement specifies: "At this stage it looks inconclusive at best. The worrying thing is customer service representatives citing a four card limit."

 

A data point embedded down in the comments section provides some clarification on the 'reported' / possible limitations:

  • Before today, Credit Card limit was 5.
  • Before April this year, Charge Card limit was none (unlimited).
  • Currently, Credit Card limit seems to become 4.
  • Charge Card limit is 10.
  • Personal / business doesn’t matter.

Message 7 of 38
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Super Contributor

Re: AMEX Limit 4 on Credit Cards now ?

Amex has been making the charge cards a lot more like revolvers so I wonder if the distinction will eventually go away with regard to the rules. 

While a limit of 4 is disappointing for people around here, it's probably perfectly reasonable for the average customer who wouldn't even consider having that many anyway. 

OP, since you have many cards beyond the supposed new limit, I'd tread carefully with closing any of them at any point if you are worried about the rule. 

Message 8 of 38
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Community Leader
Senior Contributor

Re: AMEX Limit 4 on Credit Cards now ?

I saw that this morning also. I haven't had prequals for awhile despite an average 53 point score increase across the board the last six weeks and numerous other profile changes for the better. Wouldn't surprise me, if this is real, if I'm one of those select cardholders since my profile still isn't excellent and I have four revolvers and a Gold charge from Amex. Gonna be watching this for sure.



Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | GHS Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 9 of 38
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Moderator

Re: AMEX Limit 4 on Credit Cards now ?


@redpat wrote:

@wasCB14 wrote:

I haven't heard of Amex shutting down a 5th, 6th, or Nth open revolver. But there are a few DPs suggesting that at the very least, getting 5 or more may be harder.

 

If I do end up having to close one it would probably be ED or BCP.


They won't close cards but getting new ones might start.  From what I read there isn't enough data points on this.  It looks like Amex might be trying to cut down SUB costs rather than change reward structure or dilute MR points.

 

If this is true, here we go again........Like 5/24 and Amex the haters will be coming out in force.


Why would "haters" come out if we're talking about pretty reasonable restriction? 

5/25 didnt hurt chase, and if anything, it makes their cards appear a bit more "special"

 

If they limit it to four cards, there will be those who cannot qualify for two, just like there will be those who will be approved for 10. 

Message 10 of 38
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