Mark Fellek, Member
@mark_fellek
The Amex Cash Magnet Card credit limit is usually around $1,000 to start, according to forum posts. However, some cardholders report limits that exceed $10,000. Just note that American Express does not include any specific Amex Cash Magnet Card credit limit information in the card’s terms and conditions.
What you should know about your Amex Cash Magnet Card credit limit:
For the most part, American Express determines your Amex Cash Magnet Card credit limit based on a look at your overall credit standing. The better your credit score is, and the higher your income is after accounting for other debts, the higher your credit limit is likely to be.
Keep in mind that you can ask American Express for a credit limit increase through your online account or by calling (800) 528-4800. As a general rule of thumb, it’s best not to do that more than once a year. American Express will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with American Express.

American Express Cash Magnet® Card
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