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

sundayinthepark
New Member

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

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 ?

Message 1 of 9
8 REPLIES 8
ImTheDevil
Community Leader
Super Contributor

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

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.


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 2 of 9
sundayinthepark
New Member

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

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 

 

Message 3 of 9
SouthJamaica
Super Contributor

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


@sundayinthepark 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 ?


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".


Total revolving limits 677500 (584500 reporting) FICO 8: EQ 758 TU 777 EX 749

Message 4 of 9
ImTheDevil
Community Leader
Super Contributor

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

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?


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 5 of 9
mikesonthemend
Valued Contributor

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


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

That is one way of putting it.




Living through Darwinism is so much worse than learning about about it in school.
Message 6 of 9
ImTheDevil
Community Leader
Super Contributor

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

Just in reference to post 3


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 7 of 9
credit-user-19
Frequent Contributor

AMEX cards with no limit how are the limits reported to the credit bureaus?

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 Smiley Happy 

Message 8 of 9
FortifiedHM
Valued Contributor

Re: AMEX cards with no limit how are the limits reported to the credit bureaus?

Screenshot_2019-07-26 Accounts.png

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

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