3 ms·
Amex grants significantly higher credit limits than most banks. Londoners like to live an aspirational lifestyle in a hugely-overpriced city.
by toyg 5y ago
Amex grants significantly higher credit limits than most banks. Londoners like to live an aspirational lifestyle in a hugely-overpriced city.
- mrep 5y agoReally? Sure it doesn't have to do with the bank backing it? My Amex card has the second lowest limit of all my credit cards at a measly $6,500 whereas I have other cards with $30,000, $25,000, and $20,000 limits. Only one lower is my target card but they are known for having low limits.
- toyg 5y agoI have a UK perspective. Here, to get a VISA-backed bank to grant you more than 6-8k is a real struggle, whereas Amex will happily start at 10-12k and grow from there.
- ryanlol 5y ago>hugely-overpriced city If you compare the rental flats with other top European cities, it’s really not overpriced. Look at a 6k eur pcm flat in Barcelona and London, in Barcelona you will find slightly bigger flats with terrible build quality and services. In London you’ll get top quality fit and finish with excellent services. Good luck finding a building with a decent concierge team in most European capitals. It’s almost unheard of. Luxury product for rich people? Yeah, of course. Overpriced? Definitely not, there simply aren’t any viable alternatives to settle in.
- FDSGSG 5y agoSee my previous blog post on this subject: https://news.ycombinator.com/item?id=26926718 https://news.ycombinator.com/item?id=26926718