The Amex Green card’s limit can vary from month to month, but generally there is no preset spending limit. American Express may adjust the limit based on your card use. The amount and the frequency in which those adjustments occur also depend on a wide range of factors such as your income, credit standing, payment record and more.
You should be able to charge up to the same amount on the Amex Green card each month, as long as there are no drastic changes in your financial situation. A reduced income or lowered credit score may prompt American Express to reduce how much you can spend, for example. Conversely, improvements to your credit and income may allow you to spend more.
The thing with the Amex Green card credit limit is that it's a no preset spending limit card. But this doesn’t mean the card has no limit at all. Instead, the Amex Green card credit limit is decided based on your income, payment history, the number of credit cards you own, previous spending patterns, and other financial factors American Express won't disclose.
The American Express Black Card’s limit is determined on a month-to-month basis, and it depends on your spending and payment habits over time. That is because the Amex Black Card - or the Centurion® Card from American Express, formally - is a "no preset spending limit” (NPSL) card.
This is one of the most exclusive credit cards out there, and it's specifically for high-spenders.… read full answer
There is no way to know how high American Express credit limits are. You won’t know your American Express credit limit until you’re approved for an account. American Express does not disclose a minimum credit limit in their cards’ terms and conditions, unlike some other major issuers. All Amex says is that your credit limit depends on your credit history, debt level, income, and payment history on other American Express cards.… read full answer
One way to estimate what credit limit you might get on an American Express card is to read customer reviews of the card. People will often post what limit they received, sometimes with their credit score and income. On Amex cards for good credit, people seem to report starting with limits of $1,000-$5,000 most often. But you should take any of these numbers with a grain of salt. Just because someone with a similar credit score or income got a certain limit, it doesn’t mean you will, too.
You can ask for an American Express credit limit increase online or by calling either the number on the back of your card or (800) 528-4800. To request a credit limit increase online, log into your Amex account, then click on “Account Services,” “Credit Management,” and finally “Increase Line of Credit.” For phone requests, you’ll be dealing with an automated system at first. But entering your account number and answering the prompts with “Increase credit limit” will get you transferred to a customer service representative who can walk you through the process.… read full answer
Those are the basics, but there are a few more things you should know before asking for a higher limit.
American Express decides your limit based on your credit reports and scores, your total debt and your payment history with Amex. Your income and the amount of credit you use also play a role.
You have a stronger chance of being approved for an increase if you’ve made at least your last five consecutive payments on time. Falling behind on your payments or going over your credit limit will most likely get you a denial.
It is not certain whether Amex will do a hard inquiry or not does not do a hard inquiry for credit line increase requests. That means asking for one won’t might cause a temporary dip in your credit score.
There are anecdotal reports of applicants being denied because they asked Amex for a credit limit increase within 60 days of opening their account. That’s not surprising. Credit card companies generally won’t even consider you for a higher limit unless your account has been open for at least six months.
Some people also report that the biggest increase you can get is three times your current limit. But that too is unsubstantiated.
There’s no guarantee you’ll get an American Express credit limit increase, but it doesn’t hurt to ask. So long as you don’t use a higher limit to overspend, asking for one can be an easy way to improve your credit score. After all, spending the same amount of money with a higher limit means a lower credit utilization ratio.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.