I wish I can get even 1/5 of the love they are showering you. Hopefully, I get there in the future 
@LesWH wrote:
@cashnocredit wrote:The have a huge database of people's purchases and payment history. They merge that in with a soft pull (I'll bet they softed you - they did me) and if the statistics are highly likely you will pay they will approve. They did with me on a recent 60k actual purchase.
They soft me ALL the time!!! Initially, I was getting paranoid with the amount of times they have softed me Experian report!! I have about 150,000 dollars now in available credit, not counting their NPSL cards. I don't need them in the least, but I use them because I like to have to pay my bill in full each month.
That;s the great thing about Amex. They are super flexible on spending. My total CLs are only just over 50k and the approved a greater spend than that. You can't beat Amex for spend flexibility. Of course you do have to pay it and it can be a big chunk. The soft me every 3 months or so but on that date they softed TU which is rare. The periodic ones were EX.
Not exactly sure, but I agree with many people who have posted in this topic that Amex bases part of the limit on the overall spending pattern through credit cards. Experian, Amex's preferred' CRA, provides a lot of useful information such as the amount of monthly payment made toward each account. If you figure out that a person typically spends 2-3k through credit cards and always pays off the balance before the statement closing date, you'll know that this person is not only financially stable but also very knowledge and cautious about credit cards in general. The limit for such a person can go as high as the sky. But Amex also regularly and closely monitors your card activities, and will take measures against you if they detect any sign of fraud. Charging 20k on an Amex while regularly spending 2-3k per month is one example of suspicious activities. So don't abuse the limit 
@HiLine wrote:Not exactly sure, but I agree with many people who have posted in this topic that Amex bases part of the limit on the overall spending pattern through credit cards. Experian, Amex's preferred' CRA, provides a lot of useful information such as the amount of monthly payment made toward each account. If you figure out that a person typically spends 2-3k through credit cards and always pays off the balance before the statement closing date, you'll know that this person is not only financially stable but also very knowledge and cautious about credit cards in general. The limit for such a person can go as high as the sky. But Amex also regularly and closely monitors your card activities, and will take measures against you if they detect any sign of fraud. Charging 20k on an Amex while regularly spending 2-3k per month is one example of suspicious activities. So don't abuse the limit
I would NEVER spend anywhere near what they are saying I could spend. My monthly expenses are around 2500.00 per month, and I stay there unless I do something extra, which is never more than a few thousand dollars more than what my regular expenses are. I usually pay whatever I charge within a week of charging it, because I DON'T want to be in debt. I have a 20,000 PenFed card and a 25,000 NFCU card that will NEVER see any action close to that. I wanted to have available credit in case I ever need it. Unless hell has frozen over, I would never use it!!
@enharu wrote:
Just curious, does experian report my total payment on each card each month? Or just my last payment for each card?
I have the same question. I am under the impression it is just your last payment for each card, now I am second-guessing...can someone clarify?
@LesWH wrote:
@HiLine wrote:Not exactly sure, but I agree with many people who have posted in this topic that Amex bases part of the limit on the overall spending pattern through credit cards. Experian, Amex's preferred' CRA, provides a lot of useful information such as the amount of monthly payment made toward each account. If you figure out that a person typically spends 2-3k through credit cards and always pays off the balance before the statement closing date, you'll know that this person is not only financially stable but also very knowledge and cautious about credit cards in general. The limit for such a person can go as high as the sky. But Amex also regularly and closely monitors your card activities, and will take measures against you if they detect any sign of fraud. Charging 20k on an Amex while regularly spending 2-3k per month is one example of suspicious activities. So don't abuse the limit
I would NEVER spend anywhere near what they are saying I could spend. My monthly expenses are around 2500.00 per month, and I stay there unless I do something extra, which is never more than a few thousand dollars more than what my regular expenses are. I usually pay whatever I charge within a week of charging it, because I DON'T want to be in debt. I have a 20,000 PenFed card and a 25,000 NFCU card that will NEVER see any action close to that. I wanted to have available credit in case I ever need it. Unless hell has frozen over, I would never use it!!
Is it a coincidence that you're exactly the type of consumer I describe in my post? 
