My hypothesis: determine your SL with Amex

[Aarvard]

---

@Anonymous wrote:

---

@Aarvard wrote:

Folks,

So my brother and I both apped for Amex cards, and I figured out somehow, our first and second Amex revolving cards' SL fit into these formulas:

Starting credit limit of 1st card = (total income/12-monthly rent)*1.25
Starting credit limit of 2nd card = total income/12-monthly rent
Both rounded to the nearest hundred

Our credit score is above at the time of applications.

It may be a coincidence as well, but who knows 
What do you guys think?

---

If this formula is right then Amex was very generous.

I think we need to clarify some of the math here.  Are you saying if A is your total income and B is your monthly rent and C is your starting limit, that C=(A/(12-C))*1.25 or are you saying that C=(A/B)*1.25???

Because if that is the case, then for me, since C=5000 for me, and for figures sake I make rent $500, then my income is 2 million dollars lol.

---

PEMDAS guys  SL=((Income/12)-Rent)*1.25

[Aarvard]

---

@Sharingan wrote:
I've had several AmEx revolvers [Delta Gold (BCE), EDP, Hilton, SimplyCash, SPG] over the years and not one of them has followed your formula at all; so I'd have to disagree with your hypothesis.

---

My hypothesis is for the first 2 cards of Amex only, but I guess it's a coincidence.

[Sharingan]

---

@Aarvard wrote:

---

@Sharingan wrote:
I've had several AmEx revolvers [Delta Gold (BCE), EDP, Hilton, SimplyCash, SPG] over the years and not one of them has followed your formula at all; so I'd have to disagree with your hypothesis.

---

My hypothesis is for the first 2 cards of Amex only, but I guess it's a coincidence.

---

If none of my AmEx cards' SLs were congruent with your hypothesis, then that would certainly imply that the first two weren't either. 

[Anonymous]

sounds like you're just stretching for a rhyme, reason or pattern but none of which exist. coincidental ONLY.

[FinStar]

---

@takeshi74 wrote:

---

@Aarvard wrote:

What do you guys think?

---

If it was that simple and straightfoward we would have reverse engineered it LONG ago.  2 data points are insufficient to determine something like this.

It's coincidental.  My starting limits were nowhere near what your formulas produce.

---

I would echo what others have stated.  The formulas have bullet holes, unfortunately.

[Anonymous]

I will add my experience. My first AMEX revolver had a SL of $6500, same day my second had a SL of $9200. Same credit score, same income/rent.

[taxi818]

---

@kdong1996 wrote:

Probably a coincidence my CL isn't even close

---

Agreed. not even remotely close. 12 months rent. hmm. $8500 bucks. income decent. i find utilization have more to do with it than rent. the lower my utilization the higher my starting limits on cards.