How is Amex 'approved' overlimit reported?

SouthJamaica · ‎05-06-2016

I have an Amex Simply Cash Business card with a 3k credit limit but I'm "approved to spend" $7500.

If I were to avail myself of the "approved" overlimit spending, does it get reported to credit bureaus in a way that would look bad?

Unify FCU Platinum Visa Variable Rate 35k

TD Bank Business Solutions Visa (Bus) 23700

FNBO Evergreen Business Edition Visa (Bus) 20k

Liberty (formerly Evansville Teachers) FCU Platinum Prime Plus MC 15k

US Bank Triple Cash Rewards Visa (Bus) 12k

Geo-fenced credit union Platinum Visa 10500

Members 1st FCU Low Rate Platinum Visa 5k

PLOC: Langley FCU 40k; Penfed CU 15k; NFCU 15k; Teachers FCU 15k; Affinity FCU 10k. BLOC: NFCU 5k

Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682

RonM21 · ‎05-06-2016

This is something I don't know much about but is interesting. How does that even work? I'm curious what the answer to your question is. Hopefully someone with experience on this chimes in.

Total CL: $321.7k

UTL: 2%

AAoA: 7.0yrs

Baddies: 0

Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

Imperfectfuture · ‎05-09-2016

@SouthJamaica wrote:
I have an Amex Simply Cash Business card with a 3k credit limit but I'm "approved to spend" $7500.

If I were to avail myself of the "approved" overlimit spending, does it get reported to credit bureaus in a way that would look bad?

Simplycash is not reported to the credit bureaus. Since I have never ordered a full business report (much cheaper to get snapshot score, and D&B needs five trade lines for a paydex score), it will report as regular. Business cards are not utilization sensitive.

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