Comments on: American Express Cards DO Have Spending Limits http://www.moneyunder30.com/american-express-cards-do-have-spending-limits Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jeramiah Macentosh http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-14730 Jeramiah Macentosh Fri, 09 Dec 2011 21:57:59 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-14730 Never heard of this new policy.. I have my gold card since 05 and only encounter a speading limit when I first starting using it. Never heard of this new policy.. I have my gold card since 05 and only encounter a speading limit when I first starting using it.

]]> By: TheRealDavidFrancis http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11974 TheRealDavidFrancis Thu, 08 Sep 2011 00:55:31 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11974 First year Platinum Card user. Average monthly balance 10K, never a decline. Wanted to buy a Corvette. Called AmEx and they spoke to the dealer and it went through no issue. First year Platinum Card user. Average monthly balance 10K, never a decline. Wanted to buy a Corvette. Called AmEx and they spoke to the dealer and it went through no issue.

]]> By: Nicholas http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11878 Nicholas Wed, 31 Aug 2011 08:58:42 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11878 Very useful infromation to be aware! I was thinking to apply one since I thought I can use AMEX 'charge card' for large amount trancsation, but I might think twice before further ahead. What I see from above simply does not make any senses at all..... Very useful infromation to be aware! I was thinking to apply one since I thought I can use AMEX ‘charge card’ for large amount trancsation, but I might think twice before further ahead. What I see from above simply does not make any senses at all…..

]]> By: Blue http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11690 Blue Fri, 12 Aug 2011 11:48:49 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11690 This is what happens when you give poor service to consumers. These complainants do not represent a lot of the entire population but could really damage the reputation of AMEX, hence loses prospects. During this time of hardship, it is very suspicious if one company is willing to give you a no preset credit limit. I'd rather have a preset credit limit so I know what to expect, rather than declining you at a grocery store which is embarrassing. I can see the real strategy: they offer an unlimited spending (that's how it sounds like) and charge a hefty annual fee (e.g. $ 125/year), then will let you spend unlimited for a while, then eventually drop it to purposely piss you off to eventually get rid of you. I actually just got an AMEX offer from the mail and will not do it. Brilliant idea but EVIL! This is what happens when you give poor service to consumers. These complainants do not represent a lot of the entire population but could really damage the reputation of AMEX, hence loses prospects. During this time of hardship, it is very suspicious if one company is willing to give you a no preset credit limit. I’d rather have a preset credit limit so I know what to expect, rather than declining you at a grocery store which is embarrassing. I can see the real strategy: they offer an unlimited spending (that’s how it sounds like) and charge a hefty annual fee (e.g. $ 125/year), then will let you spend unlimited for a while, then eventually drop it to purposely piss you off to eventually get rid of you. I actually just got an AMEX offer from the mail and will not do it. Brilliant idea but EVIL!

]]> By: christtcham http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11491 christtcham Mon, 25 Jul 2011 07:19:32 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11491 thx guys for ur posts.i v always thought this Amex card is for people who can invest their money instead of small charges here and there. i am a business owner and had this Amex years ago until 1 day they send me a letter requesting me to prove my income and i thought that was stupid. i talk to them on the phone and told them i am not doing that and they cut the card. my friend just get this card few months ago and was asking me best ways to take advantage on it and i am thinking " see if they can let u buy $200k worth of investment,that way they know u r an investor and u can schedule to pay them monthly and still keep the account opened for future investments. i think if they see u r an investor they won't cut it but will they let u use that amount though. i just think this AMex unlimited is for serious investors though..thx guys.. i welcome ur thoughts. thx guys for ur posts.i v always thought this Amex card is for people who can invest their money instead of small charges here and there. i am a business owner and had this Amex years ago until 1 day they send me a letter requesting me to prove my income and i thought that was stupid. i talk to them on the phone and told them i am not doing that and they cut the card.
my friend just get this card few months ago and was asking me best ways to take advantage on it and i am thinking ” see if they can let u buy $200k worth of investment,that way they know u r an investor and u can schedule to pay them monthly and still keep the account opened for future investments. i think if they see u r an investor they won’t cut it but will they let u use that amount though. i just think this AMex unlimited is for serious investors though..thx guys.. i welcome ur thoughts.

]]> By: Aaron *EXTREMELY SATISFIED MEMBER http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11457 Aaron *EXTREMELY SATISFIED MEMBER Wed, 20 Jul 2011 07:29:52 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11457 I love my American Express Platinum card. I have been a member since 1994 and I have always paid my bills on time consistently. Membership is NOT for everyone, and if it was, it wouldn't be viewed as a prestige card. If you can't afford the price of entry, then it's not for you. If you have to ask, then you can't afford it. The AMEX platinum card is the only card I reach for, as every purchase is automatically protected. When my AMEX isn't accepted, I have a United Chase card, also with a high annual fee. Anyone who travels can see the benefit of having both cards. I have never been denied a charge, and I know for a fact that all charges up to $10,000 are approved due to my credit history, payment history, and current credit score. Like any bank or company out there, AMEX wants to ensure that they are going to get their money from you. Based on your credit report, the analysts can determine what your can and can't afford to spend. What you owe creditors, and how much also plays a big role. Your 300,000 house payment and 2 car payments don't come cheap. I have nothing but wonderful things to say about AMEX. The customer service is fantastic, I get $200 in United Airlines perks, for free, Priority VIP pass for airport lounges, free foreign transactions, and now free Global Entry. I have also found that their premier travel services are cheaper and higher quality upgrades for free. The membership points program is pretty awesome as well. My points never expire and I can use them on all kinds of things. Lately I have been using them on Amazon. A card is only as good as the member who knows how to take advantage of the many perks and benefits it holds. Why would someone usea a debit card for every purchase, when it isn't protected against identity theft and there aren't any reward points associated with it? Not everyone makes smart choices, and hence the reason why some people have not so stellar credit. I love my American Express Platinum card. I have been a member since 1994 and I have always paid my bills on time consistently. Membership is NOT for everyone, and if it was, it wouldn’t be viewed as a prestige card. If you can’t afford the price of entry, then it’s not for you. If you have to ask, then you can’t afford it. The AMEX platinum card is the only card I reach for, as every purchase is automatically protected. When my AMEX isn’t accepted, I have a United Chase card, also with a high annual fee. Anyone who travels can see the benefit of having both cards. I have never been denied a charge, and I know for a fact that all charges up to $10,000 are approved due to my credit history, payment history, and current credit score. Like any bank or company out there, AMEX wants to ensure that they are going to get their money from you. Based on your credit report, the analysts can determine what your can and can’t afford to spend. What you owe creditors, and how much also plays a big role. Your 300,000 house payment and 2 car payments don’t come cheap.

I have nothing but wonderful things to say about AMEX. The customer service is fantastic, I get $200 in United Airlines perks, for free, Priority VIP pass for airport lounges, free foreign transactions, and now free Global Entry. I have also found that their premier travel services are cheaper and higher quality upgrades for free. The membership points program is pretty awesome as well. My points never expire and I can use them on all kinds of things. Lately I have been using them on Amazon.

A card is only as good as the member who knows how to take advantage of the many perks and benefits it holds. Why would someone usea a debit card for every purchase, when it isn’t protected against identity theft and there aren’t any reward points associated with it? Not everyone makes smart choices, and hence the reason why some people have not so stellar credit.

]]> By: Bob http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11347 Bob Sat, 09 Jul 2011 00:47:38 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11347 I dont' see why would somebody pay that high amount of money in annual fee to advertise a card company that isn't even accepted everywhere if you can get a regular credit card with a really high credit limit without any annual fee, you'll say ...oh it's a charge card, and you have to pay the total amount due each month.... Duuuhhhh get the regular credit card and pay in full each month by the grace period and they wont charge you ANY interest fee. High buying power, 100% free and you always know how much you owe or can spend. You might also say .....I got a lot of money and want to make a big purchase at once..... Duuuuhhhhh if you got a lot of money then use your DEBIT card instead. I dont’ see why would somebody pay that high amount of money in annual fee to advertise a card company that isn’t even accepted everywhere if you can get a regular credit card with a really high credit limit without any annual fee, you’ll say …oh it’s a charge card, and you have to pay the total amount due each month…. Duuuhhhh get the regular credit card and pay in full each month by the grace period and they wont charge you ANY interest fee. High buying power, 100% free and you always know how much you owe or can spend. You might also say …..I got a lot of money and want to make a big purchase at once….. Duuuuhhhhh if you got a lot of money then use your DEBIT card instead.

]]> By: moe http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-11296 moe Sat, 02 Jul 2011 20:04:25 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-11296 Great Article! it answered all of my questions. Thanks! Great Article! it answered all of my questions. Thanks!

]]> By: The Oil Barron In Training http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-9519 The Oil Barron In Training Wed, 16 Feb 2011 16:36:17 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-9519 I have an AMEX Gold card and I like it. AMEX has the best rewards and customer service. My favorite part is their fraud monitoring. Every now and then when I make a large purchase, I will get a call 20 mins later confirming that I made the purchase. It can be annoying, but it's nice to know that someone is watching my back for fraud. They also have a great concierge service that I have used to get tickets to sold out concerts. Another great service that most over look is their warranty match. They will double the warranty of anything you buy up to 3 years if you keep the receipt. It's nice to buy a TV and have they warranty doubled, since they usually break right after the warranty is up. I have an AMEX Gold card and I like it. AMEX has the best rewards and customer service. My favorite part is their fraud monitoring. Every now and then when I make a large purchase, I will get a call 20 mins later confirming that I made the purchase. It can be annoying, but it’s nice to know that someone is watching my back for fraud. They also have a great concierge service that I have used to get tickets to sold out concerts. Another great service that most over look is their warranty match. They will double the warranty of anything you buy up to 3 years if you keep the receipt. It’s nice to buy a TV and have they warranty doubled, since they usually break right after the warranty is up.

]]> By: James Peach http://www.moneyunder30.com/american-express-cards-do-have-spending-limits/comment-page-1#comment-9265 James Peach Sun, 30 Jan 2011 17:39:18 +0000 http://www.moneyunder30.com/american-express-cards-do-have-spending-limits#comment-9265 I can relate to some getting mad and having problems with Amex. I have had a lot but they give a lot as in rewords I get around 6k-10k or more tax free back just for using the card. I spend 40-60k each month. In the past they put a 4k limit out of nowhere. And I keep hitting it and paying it yes it was a pian but some one wised up and fixed it. One thing I'm still mad about is I spend more then 250k a year on the platinum and they still will not give me the centurion aka black card. Some times I want to get rid of it but then I find it's well worth having and get mad when a store does not take it. They do give you 30 days to buy then 30 to pay so it could be taken as 59 days I love that. And if you spend say 10k on the reg u can spend 10k your self and pay it off slowly with no interest. As log as you spend that amount or more. Just don't go to crazy. Any way Amex is the only one that pays me back a lot. And I have a discover card They give a good amount back but I only use them when I can't use my Amex. My visa and master card's are a joke they just give a line of credit no money back or any thing well bank of am Does give some but still nothing like Amex. I can relate to some getting mad and having problems with Amex. I have had a lot but they give a lot as in rewords I get around 6k-10k or more tax free back just for using the card. I spend 40-60k each month.
In the past they put a 4k limit out of nowhere. And I keep hitting it and paying it yes it was a pian but some one wised up and fixed it. One thing I’m still mad about is I spend more then 250k a year on the platinum and they still will not give me the centurion aka black card.
Some times I want to get rid of it but then I find it’s well worth having and get mad when a store does not take it.
They do give you 30 days to buy then 30 to pay so it could be taken as 59 days I love that.
And if you spend say 10k on the reg u can spend 10k your self and pay it off slowly with no interest. As log as you spend that amount or more. Just don’t go to crazy.
Any way Amex is the only one that pays me back a lot.
And I have a discover card They give a good amount back but I only use them when I can’t use my Amex.
My visa and master card’s are a joke they just give a line of credit no money back or any thing well bank of am Does give some but still nothing like Amex.

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