Author Topic: WARNING!! Amex lowering spending limits!  (Read 688 times)

Offline shmoe joe

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WARNING!! Amex lowering spending limits!
« on: June 01, 2020, 05:50:43 PM »
Amex lowering spending limits “due to covid 19” without informing costumer!!
I had my business platinum spending limit lowered Ridiculously low!
Generally lowering spending limits affects credit scores will this one affect my credit score?
« Last Edit: June 01, 2020, 06:00:01 PM by shmoe joe »
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Online CountValentine

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Re: WARNING!! Amex lowering spending limits!
« Reply #1 on: June 01, 2020, 06:03:45 PM »
Should have no effect what so ever.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline m65

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Re: WARNING!! Amex lowering spending limits!
« Reply #2 on: June 01, 2020, 07:34:10 PM »
Amex lowering spending limits “due to covid 19” without informing costumer!!
I had my business platinum spending limit lowered Ridiculously low!
Generally lowering spending limits affects credit scores will this one affect my credit score?
amex biz plat does not have a cl

Online CountValentine

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Re: WARNING!! Amex lowering spending limits!
« Reply #3 on: June 01, 2020, 07:36:50 PM »
amex biz plat does not have a cl
Semantics. They have a preset spending limit. Either way it does not report so has no effect.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline ari3

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Re: WARNING!! Amex lowering spending limits!
« Reply #4 on: June 01, 2020, 07:58:58 PM »
Amex lowering spending limits “due to covid 19” without informing costumer!!
I had my business platinum spending limit lowered Ridiculously low!
Generally lowering spending limits affects credit scores will this one affect my credit score?
on a business card a lower line won't affect your score, on a personal card it can if you are utilizing a higher percentage of your CL

Offline theyankel

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Re: WARNING!! Amex lowering spending limits!
« Reply #5 on: June 01, 2020, 11:46:33 PM »
Amex
ED
Surpass
DL Blue
hilton
hilton - from citi
marriott bonvoy - spg
green
all lines still intact

i did hear from a friend that his business plat was lowered

Offline shmoe joe

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Re: WARNING!! Amex lowering spending limits!
« Reply #6 on: June 02, 2020, 10:15:06 AM »
The ironic Reason for lowering my spending limit is because I never have an high outstanding balance and the reason for that is because I keep on paying my balance during the month
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Online CountValentine

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Re: WARNING!! Amex lowering spending limits!
« Reply #7 on: June 02, 2020, 10:18:52 AM »
Doesn't seem logical but you are putting them at greater risk.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline shmoe joe

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Re: WARNING!! Amex lowering spending limits!
« Reply #8 on: June 02, 2020, 11:12:38 PM »
Doesn't seem logical but you are putting them at greater risk.
how am I putting them at risk
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Offline knowitall

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Re: WARNING!! Amex lowering spending limits!
« Reply #9 on: June 02, 2020, 11:15:24 PM »
They used to always let me and a couple fam members go over CL by about 50% (up till 75k on a 50k CL) in the last week or so they’ve only let about 20% over

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Re: WARNING!! Amex lowering spending limits!
« Reply #10 on: June 02, 2020, 11:16:35 PM »
how am I putting them at risk
If keep paying off your balance many times each month you are most likely going over your CL or preset credit limit.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline shmoe joe

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Re: WARNING!! Amex lowering spending limits!
« Reply #11 on: June 02, 2020, 11:31:37 PM »
If keep paying off your balance many times each month you are most likely going over your CL or preset credit limit.
no not at all it’s just Our honorable @Dan always urges everyone to make sure that by closing date you don’t have a balance greater then $1
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Re: WARNING!! Amex lowering spending limits!
« Reply #12 on: June 02, 2020, 11:42:46 PM »
no not at all it’s just Our honorable @Dan always urges everyone to make sure that by closing date you don’t have a balance greater then $1
OK I thought you were paying your card multiple times per month.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline El Capitan

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Re: WARNING!! Amex lowering spending limits!
« Reply #13 on: June 03, 2020, 04:29:21 PM »
My amex everyday and BBP both still have the same limits
Always looking for a good MS method... PM suggestions 😊