Amex Basic Charge Card.

219 Posts

in Credit cards
Can anyone explain how these cards work please? I thought it was a credit card and found it odd that it had no credit limit when I logged in. After enquiring they told me it wasn't a credit card but I was a bit confused at how they explained it to me. They said it adjusts to my spending pattern. But what if I only used it for a few small purchases for a couple of months then I need to make a large purchase? Does it mean it would have already adjusted to the previous pattern and reduce my credit limit accordingly? What's best credit or charge? Are there any pros and cons please?
Thank you 🙂
Thank you 🙂
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https://www.americanexpress.com/uk/customer-service/faq.how-much-can-i-spend-on-the-charge-card.html
It explains what you should do for unusual large purchases.
The is a link to a spending power utility which you need to login to your account to use.
Also, for future, it’s best to understand what a product actually is/does before signing up for it.
I used to use my chargecard for booking work travel (tends to be last minute and so expensive) and when travelling with consultants I would pay for their travel too to avoid the margin they add when recharging it. On one occasion the travel agent messed up and so put the £20k or so for a trip through three times... only 1 collection but 2 other authorisations so the card was showing a potential balance of circa £63k. At that point they contacted me about if I could pay it down at all but after explaining its and error and the £40k will be dropping off/wont be collected they said it was ok but warned a transaction over £1k would be likely to be declined until it did. I did a couple of transactions after that which were individually well below £1k but summed up to well over £1k and all went through fine.
Thankfully the £40k did drop off and my employers at the time were quick at paying expenses so all went back to normal at month end.