AMEX Gold only reports Balance - not credit limit!!!

[Anonymous]

I know there is no pre-set limit on Gold.

But there is a pay over time limit. In this case it is 11K.

So when a balance is reported to Ex, TU, EQ, but NO LIMIT is reported ..... it kills your usage number.

Unless Amex fixes this reporting policy, you should avoid the Gold card... and I guess Platinum is the same.

WHY ?

[Anonymous]

It doesn’t affect your utilization because with no preset limit, there’s no way to calculate a utilization percentage. You may be using $650, but $650 out of how much? It can’t be calculated - they don’t use your POT limit as a de facto credit line to try and figure a utilization on the card.

Gold affects your profile via the age factors, payment history, etc but not utilization-wise.

[Anonymous]

There IS a limit that can be reported. It is 11K.

Even though there is no pre-set spending you can pay at EOM, there is a limit you may pay as revolving.

The balance reported does effect total credit usage.... because it IS reported.

$325.00 /11k. is much better than $325.00/ zero 

[SouthJamaica]

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@Anonymous wrote:

I know there is no pre-set limit on Gold.

But there is a pay over time limit. In this case it is 11K.

So when a balance is reported to Ex, TU, EQ, but NO LIMIT is reported ..... it kills your usage number.

Unless Amex fixes this reporting policy, you should avoid the Gold card... and I guess Platinum is the same.

WHY ?

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My understanding is that the Amex charge cards are not factored into utilization percentages at all, although they are counted as an "account with balance".

[Anonymous]

Same here SJ. In counting as an account with a balance, it figures into the other factors I mentioned up above.

POT isn’t used as a limit for UTI. That’s only the max amount that they’ll let you revolve instead of pay off at statement close. It’s an internal number to Amex.

You do know that division by zero is undefined in conventional math right?

[mikesonthemend]

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@Anonymous wrote:
You do know that division by zero is undefined in conventional math right?

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That is one way of putting it.

[Anonymous]

Just in reference to post 3

[Anonymous]

So this is a random thought. 

With some people having AMEX cards with no limits how does this actually get reported to the credit bureaus? Not that people have this really care just curious  

[Anonymous]

bottom is the gold card, it counts when calculating balance, but not when calculating UTI.