@credit_is_crack wrote:
@Brian_Earl_Spilner, yeah a couple drinks can really fuel my OCD lol
That and the "3" cards missing from the Siggy
@credit_is_crack wrote:
So I’ve read in a couple spots that Amex has a limit of 4 revolvers, but I’ve also seen some posts of folks getting 5, 6 and even 7.
I have 4 revolvers now (BBP, BCP, Biz Prime and Schwab) plus 2 charge (Schwab Plat and Gold). I’d like to snag up the Bonvoy Brilliant to replace my Ritz-Carlton but not sure if I’d get an instant denial.
Anyone know how soft that 4 revolver limit is?
@credit_is_crack, I am at 6 .. but I have also been a member since '83 and sweet talk the Gals
plus I make mention to the effect of them losing spend to Chase. Truly not sure of the "single" deciding factor.
you know my income. "We'll leave the light's on for ya"
My Spend is Minimal
@K-in-Boston wrote:
@Shadowfactor wrote:Recently tried to get a 6th Amex revolver and was asked to close a card. Transferred the limit to another card and was granted an additonal 6K I think in credit. So it wasnt that I hit my exposure limit.
I had spent 140,000 across all amex cards when I applied for the 6th revolver. Sorta suprised they didn't give it to me, but I had an excuse to get rid of the EveryDay card I hadn't used in over a year.
This is interesting and makes me wonder if I'll encounter the same issue? I have 5 revolvers (the 6th that often gets attributed to me is an ED that is an AU card), over 17 years of high spend history with Amex, charged over $100k (all personal) through Amex cards in 2018 (~$80k on SPG/SPG Luxury alone), and yet right now all personal revolvers have the "expanding your membership is easy" language and all business revolvers have the "it's easy to extend your membership" language.
If I end up needing to close a card the next time I apply, it's going to be difficult to let go of that Blue from American Express that I only keep around for its 2002 opening date.
Most of my spend is on business cards. On the personal side I've only spent 50K ish.
I started a retail arbitrage business on the side as a form of MS. It's completely legitimate though and I do turn a nice cash profit along with raking in tons of points. I earned 51,000 points within an hour of the Apple watches being released.
If I recall correctly you're income is well north of mine. I currently report 140K to Amex. Since the language allows for household income I use half of my fiancée's
income and my own.
Amex has been very friendly towards high useage. This month alone they allowed me to exceed my CL by around 10K. The limit is currently 16K so it's not like it's small limit. But they wouldn't give me a 6th revolver. It may matter more when I go to open a 3rd BBP. Hopefully they change their mind next year when I need a 3rd.
Yes, income is considerably higher (expenses are too, though - it looks good on paper LOL). Yeah I can confirm that Amex has no issues with going well beyond revolving limits if they think you're good for it. While I was waiting for that last ill-fated 4506-T dance on SPG when its limit was only $2x,000 (21 I think?) I was constantly exceeding my credit line by thousands in the weeks leading up to my payment posting for a number of months.
Other than mortgages and the voluntary submission of 4506-Ts to Amex, the only two times I have ever been asked for POI were with NFCU (for Flagship opening, due to "unusually high reported income" - uhmmm it's not that high) and PenFed, <sarcasm> which is completely understandable as I was refinancing an auto loan with a late model vehicle that was only valued at about $12,000 more than the loan </sarcasm>.
I agree that however Amex comes up with their internal revolver limit doesn't really make sense. And even though that particular expanding/extending language shows, it's not even a certainty that they wouldn't approve me for an additional card or 5.
