Amex (American Express) Discussion

Started at £1500 in January 2018, then they tripled it last summer.

@don_quixote

£5,000. Joined last month.

Have four other live, but not all active, credit cards as well.

Quite generous, I thought, and will never be maxed out. My monthly card spend currently is only £600pm

Had planned to pay my holiday with it, to max out cashback, but they don’t accept Amex in branch, and cannot pay online as booked in store!

Amex have a habit of doing that. They practically did the same to me after almost a year despite only using about 10-20% of the initial limit!

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I joined back in August and they gave me £5,000 and I only had a £250 Capital One card along with £1,000 from Nationwide.

I found you can submit a request after 3 months to ask for an increase/decrease. The decision was instant and applied straight away. I assume it has to be kind of sensible, but it’s an input field to enter what you want.

Was given £12,000 limit, raised it to £15,000 to help with a sub 20% credit utilisation :+1:

I applied for Platinum cashback everyday 7 months ago and the started credit limit it was £4000.I have always used ~£600-700 monthly and the whole amount is usually paid off. Few weeks ago they decided to increase my credit limit to £11300 which is too much for me. Anyway, I was thinking to decrease it back to initial credit limit, but I will see.

Wow!! That is some increase. If you have a history of settling each month, why would they do that? Borderline irresponsible.

I used this a few months ago. It was easy and quick, would use it again.

I opened my first 6 months ago and was given 5k.
I’ve just got myself a second card because I wanted to move to the Gold Card and their eligibility checker actually said I wouldn’t be approved and referred me over to Experian to check my score. Experian however reported my score as being close to perfect and actually listed the Gold Card as a product I’d likely be accepted for.

I applied anyway and was given £8k, so £13k across both cards, go figure :man_shrugging:t5:

:wave:

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Initial £1k limit is now £10k after a year or so. Didn’t ask for the increase it was automatic.

Hahaha - miss you buddy :sparkling_heart:

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After 6 years and three cards (consolidating the credit limits each time), I now have one Amex Gold with £30,000.

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I started on 5k and after 6 months it went to 13k (!!!). I pay it off in full each month and have never had any more than 2k on it so no idea why they think I need that much

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Even small usage would take you over the recommended 25% utilisation I’m thinking… would be a shame to tank ones own risk assessment by having a tiny limit

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Started at £1000 (September 2018), increased to £3000, then they tried to lower it to £750 (they reverted the change after I called), then increased again to £5000 a few months ago.

All manual increases.

I recently signed up to a credit card and it asked me about my limit.

I either had to allow them to raise it automatically whenever I was eligible OR never raise it unless I speak to them and ask.

Not sure if all banks are adopting this now but it would be a good idea if not.

They are, pretty sure it’s a new rule.

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I got a Platinum Cashback Everyday Card in May last year, and got £8k limit.

I’ve had mine 2 years, and £7k limit. Think I started at £5k maybe?