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I charged up my HH card near it's CL. One of the biggest charges was a hotel stay authorization that removed itself for a few days then posted after the stay/check-out. After it posted my available credit was still high. Now my available credit + balance > CL (661 + 924 > 1k CL)
Anyone have this happen? I checked my CL online and it's still 1k so I don't think I got a CLI, but I can spend far past it at the moment.
Amex would allow you to spend over your credit limit if your profile is not risky. That is why you can "check your spending power" even on their revolvers. Once you do, and if they would allow it, they will allow spending by extending the amount to you above your credit limit.
~$40k on a $13k CL.
I got a "reminder" call a few days before my $27k minimum payment was due.
Yup. OP, at due date time you'll have to pay any amount over the limit plus whatever minimum Amex had for you. It would probably be wise to pay the overage and far more than the minimum to reassure them though.
@GoldenloveNY wrote:Amex would allow you to spend over your credit limit if your profile is not risky. That is why you can "check your spending power" even on their revolvers. Once you do, and if they would allow it, they will allow spending by extending the amount to you above your credit limit.
WHAAAAAAT??? 🤯
I just got my first Amex revolver (BCP) and was wondering why they have the "check your spending power" link for this card too. This is very interesting...how does utilization factor in then, if a balance higher than your limit reports?
@KLEXH25 It would be very bad. If you were to spend $300 over your limit today, and your minimum was due on next Friday, for example, then by that Friday you likely need to pay your minimum plus that $300. If you don't, and it reports, not only would your utilization be awful but Amex would likely be coming with some pointed questions and possibly AA. They'll extend your line over the limit as a courtesy if you're solid in their eyes but you don't want to let it remain outstanding past your due date.
@Anonymous wrote:@KLEXH25 It would be very bad. If you were to spend $300 over your limit today, and your minimum was due on next Friday, for example, then by that Friday you likely need to pay your minimum plus that $300. If you don't, and it reports, not only would your utilization be awful but Amex would likely be coming with some pointed questions and possibly AA. They'll extend your line over the limit as a courtesy if you're solid in their eyes but you don't want to let it remain outstanding past your due date.
Huh? It's my understanding that with AMEX cards, if you spend over your limit in one cycle, it's not due til the next and gets added to your minimum.
Obviously this is terrible for utilization (maxed out) but this use case is regardless something that AMEX says is acceptable so I can't see them coming for you unless it's getting close to the due date in which that over the limit amount is due.
Ok I'm glad you corrected it - I haven't ever taken mine over their limits and was relying on what I thought I read awhile back. Good that there's some time allowed I'm sure but yeah, the 100%+ usage would be a bad look on your reports.
Well the card would report the balance well before the due date (assuming you don't make a payment before then). So if you're limit is $1,000 and they extend you to $1,500 and you have a $1,200 balance, how does it report? $1,200/$1,000 ~OR~ $1,200 / $1,500?
In reality, I would very likely pay down the balance before it reports, but I'm just curious how they handle that scenario.
@Anonymous wrote:Ok I'm glad you corrected it - I haven't ever taken mine over their limits and was relying on what I thought I read awhile back. Good that there's some time allowed I'm sure but yeah, the 100%+ usage would be a bad look on your reports.
Yeah I won't ever be finding out either. I would have a heart attack when my score dropped... that's what, 30-40 points or so? 😱