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Amex Pay Over Time Limit

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Contributor

Re: Amex Pay Over Time Limit


@K-in-Boston wrote:
You cannot ask for a higher POT limit. Amex determines it at their own discretion. Being shut down when approaching the limit is going to depend on a lot of factors. This fool (me) carried close to the $35k limit on TWO charge cards at the ridiculous APR of 13-14% for close to a decade without being shut down. That was much better than some of the other APRs at the time.

 

Is one's POT limit somewhat of an indicator of what one's charge Spending Power is ?    I only have a $3,000K POT limit on my new Gold Card, but I have no idea of what my charge Spending Power is out of the gate. I haven't made my first purchase with the card yet. I have been going back & foward in my mind as to whether to try that "Spending Power" tool on the website, but I am still leery of drawing a card freeze and FR... 

GoingGold
*UPDATED AS OF 07/07/2019*
EQ: 715 ___ TU: 711 ___ EX: 698
Utlz:1% ___ Old Lates/COs: 2 ___ Collections: 0 ___ Public Records: 0 ___ Last Late: 2.1 yrs ___ AAoA: 7.1 yrs ___ AAoOA: 23.10 yrs

AMEX PLATINUM ___ AMEX GOLD = $3,000 (P.O.T) ___ AMEX BONVOY BRILLIANT = $5,000 ___ AMEX CASH MAGNET = $1,000
CAP ONE VENTURE = $30,000 ___ CAP ONE QUICKSILVER = $3,500 ___ CAP ONE PLATINUM SECURED = $500
BANK OF AMERICA CASH REWARDS = $15,000 ___ BANK OF AMERICA PREMIUM REWARDS = $15,000
DISCOVER IT MILES = $15,000 ___ FIDELITY INVESTMENTS CASH REWARDS = $12,500
**TOTAL OVERALL CREDIT LIMIT = $97,500, or $100,500 if you include the Amex Gold P.O.T option CL.
Message 11 of 14
New Contributor

Re: Amex Pay Over Time Limit

I don't think the two are at all related. I also got a 3k POT limit but when I but 10k in the spending power tool (just to try it out) it said I could spend that much. I didnt learn till after I did it that doing so could possibly trigger an account review. No ill effect so far though. I got the card and I'm using it just fine.
Message 12 of 14
Moderator

Re: Amex Pay Over Time Limit


@GoingGold wrote:

@K-in-Boston wrote:
You cannot ask for a higher POT limit. Amex determines it at their own discretion. Being shut down when approaching the limit is going to depend on a lot of factors. This fool (me) carried close to the $35k limit on TWO charge cards at the ridiculous APR of 13-14% for close to a decade without being shut down. That was much better than some of the other APRs at the time.

 

Is one's POT limit somewhat of an indicator of what one's charge Spending Power is ?    I only have a $3,000K POT limit on my new Gold Card, but I have no idea of what my charge Spending Power is out of the gate. I haven't made my first purchase with the card yet. I have been going back & foward in my mind as to whether to try that "Spending Power" tool on the website, but I am still leery of drawing a card freeze and FR... 


No, they aren't related at all.

 

My own POT limit is $35k, but I have no doubt that Amex would cut me off before I even got to a fraction of that.

 

At the time my POT was added $35k seemed to be the 'default' amount.  It may be that more recently Amex is assigning POT limits more in-line with what a cardholder would actually need (and be allowed to use).

Message 13 of 14
Moderator

Re: Amex Pay Over Time Limit

I agree they're not related at all.  My POT limits are $35,000 on both Gold and Platinum.  There's no doubt in my mind that I could charge MUCH more than that in a month if I were so inclined.


Message 14 of 14
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