Author Topic: unlimited spending (Read 6283 times)

horeini · « **on:** March 13, 2011, 10:04:13 AM »

does anyone know if there is any amex and visa card that let you spend unlimited if you wire money on first??? i used to be able to do this on amex till i got a fr and had to shut all my cards currently other cards i know ill let me prepay but i can only spend credit limit at a time so if i spend 20,000 and prepay 20,000 i have to wait 3, 4 days till the charges arent pending then i can spend again 20,000

SuperFlyer · « **Reply #1 on:** March 13, 2011, 10:08:54 AM »

Most cc (amex for sure) let you spend as much as you like when prepaying.

horeini · « **Reply #2 on:** March 13, 2011, 10:13:50 AM »

chase and citi and fidelity amex all only let me spend credit limit in one shot amex let me but then put me through fr review because of it

Dan · « **Reply #3 on:** March 13, 2011, 10:36:32 AM »

AMEX charge cards have no limit.
SPG AMEX lets pay as soon as the charge hits amex.com, but that can take 2 days. But once you click pay on the amex site your credit line is avaialble immediately.

Devorah · « **Reply #4 on:** March 13, 2011, 11:41:42 AM »

citi only lets u spend ur credit limit each day.

Dan · « **Reply #5 on:** March 13, 2011, 11:44:42 AM »

Quote from: Devorah on March 13, 2011, 11:41:42 AM

citi only lets u spend ur credit limit each day.

Citi lets you prepay.

Devorah · « **Reply #6 on:** March 13, 2011, 11:46:08 AM »

Quote from: Dan on March 13, 2011, 11:44:42 AM

Citi lets you prepay.

They let me prepay but then wouldn't authorize any charge in excess of the credit limit.

Dan · « **Reply #7 on:** March 13, 2011, 11:48:50 AM »

Quote from: Devorah on March 13, 2011, 11:46:08 AM

They let me prepay but then wouldn't authorize any charge in excess of the credit limit.

Business cards I know they won't, but I haven't had that problem on their consumer cards.

Devorah · « **Reply #8 on:** March 13, 2011, 11:50:34 AM »

It was a business card.
Good to know.

elikay · « **Reply #9 on:** March 13, 2011, 12:50:26 PM »

Citi doesn't let you prepay on their website but if you submita payment from your checking account's end it will post.

Dan · « **Reply #10 on:** March 13, 2011, 12:55:02 PM »

Quote from: elikay on March 13, 2011, 12:50:26 PM

Citi doesn't let you prepay on their website but if you submita payment from your checking account's end it will post.

I don't think any card's website lets you prepay.

aaa · « **Reply #11 on:** March 13, 2011, 01:23:28 PM »

Quote from: SuperFlyer on March 13, 2011, 10:08:54 AM

Most cc (amex for sure) let you spend as much as you like when prepaying.

Not true. Most will not let you spend more then the credit card limit per day when prepaying. Also some close people down for prepaying like that...

amex is basically the only one where you can earn your way up to that...but be prepared for FR's even if you are a legit business.

horeini · « **Reply #12 on:** March 13, 2011, 04:56:44 PM »

spoke to citi today said i can spend as much as i want also revolving credit lets u purchase above credit limit but you have to call first was able to spend 7000 on a 2000 credit limit you ust have to pay that part in full

Simonzx · « **Reply #13 on:** April 13, 2011, 08:12:30 PM »

Quote from: Dan on March 13, 2011, 10:36:32 AM

AMEX charge cards have no limit.
SPG AMEX lets pay as soon as the charge hits amex.com, but that can take 2 days. But once you click pay on the amex site your credit line is avaialble immediately.

Will AMEX charge card showed on credit reports? It seems mine doesn't show that. In this way, using the charge card wouldn't help build credit?

AsherO · « **Reply #14 on:** April 13, 2011, 08:24:37 PM »

Quote from: Simonzx on April 13, 2011, 08:12:30 PM

Will AMEX charge card showed on credit reports? It seems mine doesn't show that. In this way, using the charge card wouldn't help build credit?

Your charge card doesn't show at all, or doesn't show a limit?

Simonzx · « **Reply #15 on:** April 13, 2011, 08:27:54 PM »

Quote from: AsherO on April 13, 2011, 08:24:37 PM

Your charge card doesn't show at all, or doesn't show a limit?

doesn't show at all..

AsherO · « **Reply #16 on:** April 13, 2011, 08:48:32 PM »

Quote from: Simonzx on April 13, 2011, 08:27:54 PM

doesn't show at all..

Is it a business card? Did you check all three bureaus?

Simonzx · « **Reply #17 on:** April 14, 2011, 09:43:19 AM »

Quote from: AsherO on April 13, 2011, 08:48:32 PM

Is it a business card? Did you check all three bureaus?

just a personal card. haven't checked all three yet. just Experian

AsherO · « **Reply #18 on:** April 14, 2011, 09:50:31 AM »

Quote from: Simonzx on April 14, 2011, 09:43:19 AM

haven't checked all three yet. just Experian

I bet it's on at least one of your other two reports. Card issuers don't always report credit lines to all three bureaus.

Saver2000 · « **Reply #19 on:** April 14, 2011, 09:56:22 AM »

I always pay down my cards to less half of the cl before the statement closes bec I dont want the cl/spending ratio to be too high (on the credit report). Is this not a concern for my charge cards?