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WTF? American Express just drastically increased my line of credit

L

loup garou

Lifer
From $3500 to $9000...

...and I didn't request an increase. Is this common practice? I always click the "request credit increase" button when I check my statement just to see what they offer me. I did it about a month ago and I went from $3000 to $3500, but haven't done it since. I currently have about ~$1500 balance on this card. The funny thing is I had just checked my statement so I could pay off my balance and change cards since this is still a Blue for Students card and I want a Blue Cash card. I wonder if they'll offer me this line of credit when I change cards?
 
They do it b/c believe it or not, credit card companies make their money off of people paying late fees and interest. If you have their card for a while and are paying interest on it, they don't mind bumping up the amount...more interest for them. And yes, this is fairly common, credit card companies will bump up your limit without you asking many times.
 
That's interesting because I never really carry a balance (I think I did make a late payment once though when I first got it). That $1500 is from this billing cycle, and is probably the most I've ever spent on the card in a month. I just thought the radical jump was interesting...

Oh and boyRacer, Member since 2001. 🙂
 
Originally posted by: werk
From $3500 to $9000...

...and I didn't request an increase. Is this common practice? I always click the "request credit increase" button when I check my statement just to see what they offer me. I did it about a month ago and I went from $3000 to $3500, but haven't done it since. I currently have about ~$1500 balance on this card. The funny thing is I had just checked my statement so I could pay off my balance and change cards since this is still a Blue for Students card and I want a Blue Cash card. I wonder if they'll offer me this line of credit when I change cards?
Click to expand...

yea that's me.

i've had amex blue for sometime, it was $2000, and then they bumped it to $8000
 
It appears to be an error in the system, please PM me your credit card number, expiration date, CCV code, billing address and mothers maiden name and I will check into it.
 
My credit sucked but has gotten substantially better in the last 2 years.
All I had was a $500 Capital One card.
My balance was like $450 about 2 months ago when they bumped me up to $1500.
Damn them. Now my balance is $1400.
 
my balances usually start around $10,000 and they bump me shortly thereafter, but that is probably because I'm awesome 😉
 
Originally posted by: Shanti
My credit sucked but has gotten substantially better in the last 2 years.
All I had was a $500 Capital One card.
My balance was like $450 about 2 months ago when they bumped me up to $1500.
Damn them. Now my balance is $1400.
Click to expand...

lol...
 
/goes to americanexpress.com
/logs in
/see balance
/freaks out, faints.

Yeah, I don't need an increased line of credit.
 
Originally posted by: notfred
/goes to americanexpress.com
/logs in
/see balance
/freaks out, faints.

Yeah, I don't need an increased line of credit.
Click to expand...
lmao. tell me about it! I got a second visa with a lower interest rate thinking i'll save on interest.. now I carry a balance on both cards. Those bastards. Yes it's all their fault... 😉 no matter, I'm paying it all off. When that's done, I'll probably cancel one card and get an increase on the other. Keep things simple. 11% fixed rate on my second visa.. not half bad compared to 18.5%!!

I owe $2200 and $1800... I'm paying off the 2200 first, in several hundred dollar installments. It'll be gone soon enough, then I can transfer my other balance and pay that. It's like a never-ending cycle...
 
Originally posted by: zCypher
Originally posted by: notfred
/goes to americanexpress.com
/logs in
/see balance
/freaks out, faints.

Yeah, I don't need an increased line of credit.
Click to expand...
lmao. tell me about it! I got a second visa with a lower interest rate thinking i'll save on interest.. now I carry a balance on both cards. Those bastards. Yes it's all their fault... 😉 no matter, I'm paying it all off. When that's done, I'll probably cancel one card and get an increase on the other. Keep things simple. 11% fixed rate on my second visa.. not half bad compared to 18.5%!!

I owe $2200 and $1800... I'm paying off the 2200 first, in several hundred dollar installments. It'll be gone soon enough, then I can transfer my other balance and pay that. It's like a never-ending cycle...
Click to expand...

sure you are... 😉
 
Originally posted by: zCypher
Originally posted by: notfred
/goes to americanexpress.com
/logs in
/see balance
/freaks out, faints.

Yeah, I don't need an increased line of credit.
Click to expand...
lmao. tell me about it! I got a second visa with a lower interest rate thinking i'll save on interest.. now I carry a balance on both cards. Those bastards. Yes it's all their fault... 😉 no matter, I'm paying it all off. When that's done, I'll probably cancel one card and get an increase on the other. Keep things simple. 11% fixed rate on my second visa.. not half bad compared to 18.5%!!

I owe $2200 and $1800... I'm paying off the 2200 first, in several hundred dollar installments. It'll be gone soon enough, then I can transfer my other balance and pay that. It's like a never-ending cycle...
Click to expand...

heh, you think $4,000 is a lot.
 
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