Amex Charge Card Limit

[Anonymous]

Does anyone know how you can go about finding out the limit on Amex charge card? I recently got the Amex gold card, and I know about the “check your spending power” function. The only thing I was able to see was that I have the POT Select and POT Direct options. And that my cash advance is $5000. Not sure how to check what my actual limit is. Any recs would be appreciated.

[Anonymous]

Charge cards do not have stated limits, although they have hidden internal limits. The best you can do to see what amount is safe is check spending power, however, click it only when you have major spend on the horizon. After clicking it, it becomes a "don't press this button" for the foreseeable future. Amex might take offense and request some financial information as a result of clicking it too often, like finding out what the ceiling is regularly. 

A credit card provides a visible credit limit. Probably better for you if you need or want to know the limit regularly. 

[Anonymous]

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@Anonymous wrote:
Does anyone know how you can go about finding out the limit on Amex charge card? I recently got the Amex gold card, and I know about the “check your spending power” function. The only thing I was able to see was that I have the POT Select and POT Direct options. And that my cash advance is $5000. Not sure how to check what my actual limit is. Any recs would be appreciated.

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Welcome to the forums!  I would recommend just calling AMEX and inquiring with the CSR.  I have done that and they told me what it was.

There is a "Check Your Spending Power" feature, but I wouldn't recommend using it unless you actually intend on spending a specific amount.  

[Anonymous]

Also, that limit changes over time, so knowing what it is now may not be the same 2 months from now. Market changes, credit report changes, and usage can dictate the limit.

[KJinNC]

People often express concern that clicking the Check Spending Power button will cause Amex to frown upon them, and maybe it's true, but I check spending power a lot and haven't noticed any negative actions, either in terms of my spending power trending lower, or in terms of preapprovals/approvals for other cards. I kind of think it is harmless. But I could be wrong, as I only know what I have personally experienced. It may be "harmless if _____" or "harmful if _______" and I happen to fall into the first category. My spending power on Gold has fluctuated between $5,000 and $25,000 and seems mainly based on recent spend/payments. I just got the Platinum, and spending power is somewhere between $13k and $15k. So, I doubt your spending power is below $5k, if you are worried about routine smaller expenses. JMO, good luck!

[Anonymous]

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@KJinNC wrote:

People often express concern that clicking the Check Spending Power button will cause Amex to frown upon them, and maybe it's true, but I check spending power a lot and haven't noticed any negative actions, either in terms of my spending power trending lower, or in terms of preapprovals/approvals for other cards. I kind of think it is harmless. But I could be wrong, as I only know what I have personally experienced. It may be "harmless if _____" or "harmful if _______" and I happen to fall into the first category. JMO, good luck!

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It certainly can be profile specific. It might depend on if you spook them when doing so, and could be based on how strong your credit history is. 

I have that option on my Amex credit card. Even before any discussion I've been involved in here, I still was reluctant to click it unless needed. Because you are poking some animal, whether it be a dog or a bear, and you just don't know. 

[PointsBonus]

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@Anonymous wrote:
Does anyone know how you can go about finding out the limit on Amex charge card? I recently got the Amex gold card, and I know about the “check your spending power” function. The only thing I was able to see was that I have the POT Select and POT Direct options. And that my cash advance is $5000. Not sure how to check what my actual limit is. Any recs would be appreciated.

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depening on if you have enrolled in "Pay over time" feature, in this section it give you  a "limit" and apr.  Now weather the limit is solid or not, I am not sure, but it can give you a "guide" line.

Hope this helps.

[M_Smart007]

When someone clicks that spending power button, they "Amex" expect you to spend that amount,

and is deducted from your spending power for a period of time. At least that is how it was explained to Me.

[tparks5961]

Call them, 

They have a credit department that will know exactly what your limit is. 

Now for my rant... My last call to Amex was 2 days ago, and I told the agent I absolutely hate the card... hate it and explained why ..  They shut my 3 amex accounts around 1/6 because my balance was up to $10,500.00. I had to submit a payment to the agent on the phone for half of the balance and they released the hold on my accounts...  last week, the balance was up to $9,800.00 and by this point, I've given the card to 14 employees.. I clicked the check spending power for as low as $25.00 and it wouldnt go through.. So I called and made a payment so my guys wouldnt be out in the field, try to run the card and can't.

They told me I can prepay on the account.. My account was basically shut down 2 times within a two 2 1/2 week period of time and I told them it was getting old.  I'm paying $595 + around $100 ea for 2 gold cards for managers.. green cards are free) its like $800.00/ yr.

When I first got the card and my spending limit was $2500.00, I asked if I can undergo a volutary financial review to get it over with.. The guys at Amex have a generic script about itll grow with you, blah blah blah.. average spend blah blah..  

I'm gonna stick with it as long as I can.. but I absolutely hate it right now.

[FinStar]

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@KJinNC wrote:

People often express concern that clicking the Check Spending Power button will cause Amex to frown upon them, and maybe it's true, but I check spending power a lot and haven't noticed any negative actions, either in terms of my spending power trending lower, or in terms of preapprovals/approvals for other cards. I kind of think it is harmless. But I could be wrong, as I only know what I have personally experienced. It may be "harmless if _____" or "harmful if _______" and I happen to fall into the first category. My spending power on Gold has fluctuated between $5,000 and $25,000 and seems mainly based on recent spend/payments. I just got the Platinum, and spending power is somewhere between $13k and $15k. So, I doubt your spending power is below $5k, if you are worried about routine smaller expenses. JMO, good luck!

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To gain some additional insight on the "check spending power" feature, please reference the thread below.  This information was shared by a former AmEx employee, specifically posts 22, 25 and 30.  So, no the tool doesn't necessarily operate in a vacuum when you click on it. 

https://ficoforums.myfico.com/t5/Credit-Cards/Amex-The-Check-Spending-Power-tool/m-p/5480016