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Definitely DO NOT like hearing about this-twice in one day yet! I just opened 4 new accts. over the last month--though only two are currently reporting....and I have a $10K limit on my BCE which I was in total shock when they initially approved me that high. At the time it was my second 5-digit limit approval. Makes me almost with I had not been approved for FI AMEX yesterday....we'll see what happens...
@Credit-hoarder wrote:Definitely DO NOT like hearing about this-twice in one day yet! I just opened 4 new accts. over the last month--though only two are currently reporting....and I have a $10K limit on my BCE which I was in total shock when they initially approved me that high. At the time it was my second 5-digit limit approval. Makes me almost with I had not been approved for FI AMEX yesterday....we'll see what happens...
It is YMMV thing...
One of my friends had his CL with Amex reduced today too, although not as drastic as this. Sucks for everyone.
@EW800: I'm eligible for one late next week also and was thinking the EXACT same thing---that $10K CL works perfect for me at the moment. And I"m going to charge my car insurance and my storage unit on it tomorrow as well just in case of the "low spend" theory!
@Anonymous wrote:One of my friends had his CL with Amex reduced today too, although not as drastic as this. Sucks for everyone.
lol
This post caught attention because I've obtained half a dozen new cards in the last two months - 2 of them Amex cards. Just checked and thus far all is ok. Most of the new accts are reporting and I do put a fairly sizable spend on the Amex cards. I will continue to watch all my accts closely.
@OP I hope you are able to resolve your issue with Amex
@Credit-hoarder wrote:@EW800: I'm eligible for one late next week also and was thinking the EXACT same thing---that $10K CL works perfect for me at the moment. And I"m going to charge my car insurance and my storage unit on it tomorrow as well just in case of the "low spend" theory!
Ya, I think we might be wise to wait, just in case there is something to this. Perhaps it is just a coincidence, but who knows. With my $27.5K total CL with them already, with so little spend, I don't want to rock the boat. Hopefully Amex isn't changing their strategy, however I know it all revolves around risk.