Amex Check Spending Power option after CLI

[Anonymous]

Hi everyone,

Question for the MF experts. I have a few offers on my BCP that expire today and I want to use them. But one of them is over my $2K limit (got a great offer on JetBlue Vacations with $400 statement credit for $1500). I was thinking of using the Check Spending Power option to see how much beyond my limit I can go. But the other option is transferring some of my CL from my Everyday card.

My question is what happens when I use the Check Spending Power link? Is it a SP? Is it to just make sure the transaction goes thru? Would it show up on my statement as me being over 100% utilized? And then would I just do the Pay Over Time option?

Or should I just transfer some of the Everyday limit to this card and keep it simple? If I transfer the limit, can I transfer it back to the Everyday card afterwards? I’m trying to have that one as my highest limit card for my next CLI request in May.

Thank you!

[M_Smart007]

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@Anonymous wrote:
Hi everyone,

Question for the MF experts. I have a few offers on my BCP that expire today and I want to use them. But one of them is over my $2K limit (got a great offer on JetBlue Vacations with $400 statement credit for $1500). I was thinking of using the Check Spending Power option to see how much beyond my limit I can go. But the other option is transferring some of my CL from my Everyday card.

My question is what happens when I use the Check Spending Power link? Is it a SP? Is it to just make sure the transaction goes thru? Would it show up on my statement as me being over 100% utilized? And then would I just do the Pay Over Time option?

Or should I just transfer some of the Everyday limit to this card and keep it simple? If I transfer the limit, can I transfer it back to the Everyday card afterwards? I’m trying to have that one as my highest limit card for my next CLI request in May.

Thank you!

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You can transfer limit only once every 30 days.

Don't play too much with the "Check Spending Power option" (once is fine)

I have read negative DP's about Check Spending Power option abuse. (I believe it is all internal)

The choice is really yours?

[Loquat]

I would be more concerned about using an Amex offer that expires today on a charge that may post in the new year thus leaving you without the $400.

[Anonymous]

Good point but I have redeemed offers the last day with Amex no problem. As long as the transaction date is 12/31. Maybe I can ask the CSR to confirm.

[Loquat]

Be sure to read the fine print. Amex offers usually have a lot of language regarding posting or charges that post after the offer expires. Also, I certainly wouldn't rely on a CSR for confirmation of a a $400 offer as that's a nice savings to not get...especially if the offer is on a card that isn't the best for that category as that would result in you losing twice.

[Anonymous]

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@Loquat wrote:
Be sure to read the fine print. Amex offers usually have a lot of language regarding posting or charges that post after the offer expires. Also, I certainly wouldn't rely on a CSR for confirmation of a a $400 offer as that's a nice savings to not get...especially if the offer is on a card that isn't the best for that category as that would result in you losing twice.

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Yes, there can be instances where the charge hits a couple days later (e.g. an Amazon purchase where your card gets charged after shipping). Most offers redeemed run the card immediately, but be aware of the type of purchase where the card could get hit a day or 2 later.