@Anonymous wrote:
@K-in-Boston wrote:
BBS, yes $48k. Current is $16k. Never got too overly concerned with Amex revolving lines until the SPG which I just got this year. Now that it's my daily driver it's in my long term goals to have that as one of the very large lines I will ultimately slim down to. The most I have been brave enough to ask for on Check My Spending Ability on my Platinum card is $75k and that was approved so I'm hopeful. Themanwhocan if they cap me at 2/3 of my income I am going to be thrilled!!!Ah I gotcha, you went for a 3X CLI. I would imagine trying for $105k when you have a $35k limit would generate some solid laughs from the Amex computer on the other end.
How does the whole check spending ability thing work? I know nothing about it and what it's for. Can it somehow be used as an indicator for CLI potential?
Sorry for the long delay in responding to this; somehow I missed it. I did indeed go for 3x and will try again next week when the 181 days have really come and gone. If I get $48k, I'll let you know in January if the computer laughs when I ask for my credit line to be increased to $144,000. (I would probably be okay with a $100k counter-offer but knowing my luck they'll counter with $99,900 and I'll have one of those austinguy experiences of trying to get it rounded off. LOL)
So, Check Spending Ability has been available for charge cards as long as I can remember. With a NPSL you never want to be embarassed when making a large purchase, so it was an easy way to say "Hey, Amex I'd like to make a charge for $12,000 today." and Amex would say "Sure, not a problem. Make the charge and we'll approve it." or "Whoa there, you better find another job before trying to spend that kind of dough!" Amex revolvers also have the flexible spending feature that the original Visa Signature cards did (I think all of my VS/WMC/WEMC cards do), where if your credit line is $15,000 they may allow you to spend $25,000 one month, knowing that your minimum payment at the following statement would be the $10,000 you went over the limit by plus the normal minimum payment that would have been due for $15,000 ($150, $300, whatever). The button is an easy way to determine this prior to making the purchase and also lessens the likelihood of a very large purchase being flagged by Amex for security reasons. Recently when Amex changed their app to have the direct Platinum CSR and concierge buttons added in (it's like CSP/CSR where they greet you by name when you call doing that), it was pointed out that many people when using the Check My Spending Ability button were getting "Yes, we will approve your charge of $15,000. In fact, we'll approve up to $25,000." messages. That 2nd amount wasn't necessarily the real spending cap, though. I tried $50k and it said it was approved but didn't tell me I could spend more. Later I tried $75k and it was still approved. Pooka stated that it's a button you can use from time to time, but it's not a good idea to play around with it a lot. Also, Amex will lock your account for security reasons if you kept immediately trying for higher and higher amounts one after the other since they may think someone has stolen your card and online account and are just trying to figure out how much they can charge. FWIW, Amex's confidence in my ability to repay $75k+ in one month far exceeds my own confidence in my ability to repay that quickly - it's more than twice my P.O.T. limit.
Quick Q Involver, were those later 4 counter-offers or actual CLI requests? Pertinent to my interest, as I'm the crazy one that would have tried 54 on the 18 and 120 on the 40.
