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Amex has consistently given me a much higher credit limit than everyone else. It’s not even close. My Amex card has a 3x higher limit than the next highest card
by sholladay 2y ago
Amex has consistently given me a much higher credit limit than everyone else. It’s not even close. My Amex card has a 3x higher limit than the next highest card, which is a tie between Amazon (Chase) and PayPal. For a long time, the gap was closer to 5x.
This results in all large purchases going on Amex since I don’t want to destroy any card’s utilization ratio. And I think that’s a deliberate gamble they made that’s paying off for them. It probably only works because of the amount of data they collect. But it’s a good product otherwise, if you can use it responsibly.
- kccqzy 2y agoNot my experience at all. Two of my Chase cards each have credit limits above $25k. Amex still only $12k. And I've been a longer Amex cardholder than a Chase cardholder. And I don't care about utilization ratio: for credit scoring, only current utilization ratio has any effect not historical utilization ratio.
- sholladay 2y agoUse the “Check my spending power” feature. Type in $20k. You’ll almost certainly get a limit increase within a few days. Do it again in a few months. I bet you could get to $30k within a year.