Making a larger purchase than my limit - Amex

Cranston_2

beinerts wrote: »

Thanks for the replies everyone. I've literally just had the card through, wouldn't they be unlikely to give me a limit increase so soon?

They did for me.

I got a 4k limit and when I spoke to them they asked if that was enough. I said I could do with some more due to a holiday and they gave me another £800 limit.

I don't know how their system works but I still think its worth a call.

YorkshireBoy

beinerts wrote:

Or I could make a payment for £3900, make a payment onto my card and then make another payment of £900, as the payment date isn't for another 2 weeks.

NickX wrote: »

This should be fine and may be the best option, but do allow for the time to process the first payment and make sure it has cleared before making the second payment, otherwise you will end up with an overlimit situation.

At the risk of repeating myself, please read post #8 (again).

If your payments are not spread across two statement periods then you'll miss out on 5% of £900...that's £45 cashback lost!

beer_tins

Cranston wrote: »

They did for me.

I got a 4k limit and when I spoke to them they asked if that was enough. I said I could do with some more due to a holiday and they gave me another £800 limit.

I don't know how their system works but I still think its worth a call.

Interesting, I'll give them a call...

beer_tins

YorkshireBoy wrote: »

At the risk of repeating myself, please read post #8 (again).

If your payments are not spread across two statement periods then you'll miss out on 5% of £900...that's £45 cashback lost!

Ah, OK. I had assumed that the additional £900 would get cashback at the standard 0.5/1/1.5% rate. Didn't read it properly .

I might as well split it and pay £3900 on my Amex card and the rest on my Egg money card. I'm sure I'll spend another £100 on the Amex card in the next 3 months and this way I'll get £195 cashback from Amex and £9 from Egg. Not bad for money I was going to spend anyway! I've checked with the Hotel now and they're fine with this.

Thanks again for the help everyone :beer: