American Express Credit Card and Charge Card Spending Limits

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American Express offers both credit cards and charge cards to their customers. Their blue cards are entry level credit cards that have limits on their spending. As a member of Amex Credit Cards for over a decade, I have 4 blue cards that have no annual fees and each of those credit cards have credit limits that range up to $20,000 per card. American Express also offers what we call charge cards, which are credit cards that have to be paid back by the end of the month.
Charge Cards are what the American Express Gold, American Express Platinum, which I have, and the American Express Centurion which is one of the hardest credit cards to get in the world. If you have seen my American Express Centurion credit card reviews, you can see some of my spending limits or big purchase on the card.
In this video, I go over American Express spending limits, how they are determined, and if the American Express Platinum or even the Centurion also known as the Black Card have spending limits. See the video to find out
COMMENT BELOW AND SHARE YOUR EXPERIENCES - ALL OPINIONS WELCOMED!
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*Disclaimer: Some of the links and other products that appear in this video are from companies from which Ideal Visibility Inc / Ideal Media Inc will earn an affiliate commission or referral bonus. Ideal Visibility Inc / Ideal Media Inc is part of an affiliate network and receives compensation for sending traffic to partner sites. As an Amazon Associate, I earn from qualifying purchases. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. The message in this video is to be taken for entertainment purposes ONLY. If you need advice, please contact qualified and licensed professionals, including Certified Public Accountants, attorneys, insurance agents, real estate agents, financial advisors, or appropriate licensed professionals for the subject you would like help with. These videos are strictly for entertainment purposes. Neither Simon Katz nor Ideal Visibility Inc / Ideal Media Inc are qualified or licensed in any profession and the content should NOT be taken as advice on investments, personal or business choices or decisions. This video is made for strictly entertainment purposes.

Опубликовано:

30 июл 2024

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Комментарии : 118

@joseantoriano8994 2 года назад

Thumbs up before watching the video, because I know it will be a nice video!

@SimonKatzShow 2 года назад

Thanks for watching.

@louispapa7347 2 года назад

Well done as always Simon! Love the video and info.

@SimonKatzShow 2 года назад

One Amex video at time. Appreciate you.

@P8REN 2 года назад

Once I paid about £8000 GBP on my Gold card at a Mercedes dealer towards my new car. I also bought from Rolex for £12,000 (approx $14,500 USD) on my British Airways Premium Plus Amex card and it went straight through, no issues whatsoever. Even the folks at the store were surprised.

@iLLSinceProductions 2 года назад

Love your channel. Thanks for the amazing info

@SimonKatzShow 2 года назад

Thank you. Appreciate the feedback 🙏

@GraphyteTV 2 года назад

It’s simple. I see a credit card video from you and I drop everything 😂

@bramvandersluis8129 2 года назад

Another true video, I also did buy a Skydweller at my AD and the payment went true with no problem with my Centurion card😉. And yes you have the pay the full amount you spent every month.

@SimonKatzShow 2 года назад

Love the Sky. Which one you get?

@bramvandersluis8129 2 года назад

@@SimonKatzShow Got the gold black plate 😉 The Sky is the most technical masterpiece there is from Rolex.

@jahsemgayle9088 2 года назад

Even though I believe that the cost of owning one of these cards is basically Amex spending your money for you to enjoy life differently such as luxury lounge, concierge, etc . I will eventually get a centurion card ☺️

@Th33Vultur3 2 года назад

My best friend has the Platinum and actually, they feel the Centurion card is NOT worth it even though they can afford it if accepted. I can respect that, for each their own.

@matthewnguyen7927 2 года назад

Cool vid 👍👍

@drrob001 2 года назад

Your videos give me hope. I can’t wait until I’m able to charge $20k and pay it off immediately.

@SimonKatzShow 2 года назад

Make it happen! Goals!

@wbaiey0 2 года назад

You can do it Bro. Stay focused

@drrob001 2 года назад

@@wbaiey0 definitely, thanks

@mercedesmcgrew9656 Год назад

You and me both! 🙏

@matthewrammig Год назад

I can’t wait until you can save $20,000 immediately.

@nathanpeters9515 2 года назад

If I dropped $45k on a Rolex, I know for sure my wife would put me in the heat room and force me to upgrade her engagement ring or buy something different for a higher price than whatever I spent.

@SimonKatzShow 2 года назад

That all happened with my wife as well already prior to my purchase. She planned ahead 😂🤣🥲🤦🏻‍♂️

@hoomee119 2 года назад

You can spend on card what you have shown you can afford, I hardly spend on my Centurion card and before I make any large purchases I always give my account manager a call. A large purchase to me is £25,000.00

@nubianpwr 2 года назад

Good stuff Bro... U always celebrate success, while simultaneously cautioning people to "live within their means". Luv ur discipline👍🏾

@SimonKatzShow 2 года назад

Thank you brotha 🙏

@shawnjohnson7119 2 года назад

This is a good video bro

@SimonKatzShow 2 года назад

Thank you 🙏

@rickthunderwood3053 2 года назад

Member since 2003. Used heavily for years. Haven't used my card in more than a year. Declined when I tried to use it.

@SimonKatzShow 2 года назад

They say if you do not use a card for 2 plus years, they cancel you. Same with the banks.

@jonathanfactor6688 2 года назад

Great video thanks

@SimonKatzShow 2 года назад

Thank you!

@thedufloth 2 года назад

I read once that the most expensive purchase on the centurion card was a private jet for $30M. If I’m not wrong, it was Denzel Washington. Just for that I’ll say that you can buy anything if you can afford.

@SimonKatzShow 2 года назад

Someone bought a $190 million painting I think.

@thedufloth 2 года назад

Yep, Just saw that! 😅 definitely you can buy anything if you can afford it. Simon I have a question, do you have a minimum spend you have to keep on the card every month?

@joelmarcott3282 2 года назад

I think with AMEX the color of the card doesn't really matter. It's WHO you are and how much financial horsepower you have! Remember that Warren Buffet has a plain Green AMEX Card. But I can guarantee you, because of who he is, his card has as much purchasing power and personal service as any Centurion Card. It just depends on the individual situation.

@SimonKatzShow 2 года назад

You do not have to have the card to show you have money. I think people do it in many ways.

@MrOPM-vc6ow Год назад

Color definitely has something to do with it no matter who you are. That green card benefits are nowhere in the same ball park as a platinum let alone a Centurion card 🤦🏾‍♂️. Definitely not the same personal service.

@rooo2679 2 года назад

thank of this information! i'm 17 year old now I'm looking for information on how to start using a credit card, thanks

@SimonKatzShow 2 года назад

Glad it was helpful! Checkout my other credit card videos for beginners!

@jesuscorrea8911 2 года назад

Excellent job

@SimonKatzShow 2 года назад

Thank you 🙏

@noumenord 2 года назад

Good video

@byronjeffery2576 2 года назад

You forgot to mention that all of the Amex Charge cards have pay over time features that vary in Limits so one could use there charge card as a hybrid charge/credit card.

@SimonKatzShow 2 года назад

Good addition but I don’t like to pay over time because of fees. I recommend always paying right away and spending what you can pay that month.

@Th33Vultur3 2 года назад

@@SimonKatzShow I just got the green card Valentine's Day 2022 as my first Amex charge card and I'm paying all my regular charges right away and once the first annual $150 fee hits at the end of the month, it shouldn't be as high along with my regular charges. After a year, I can decide to stay with it or "downgrade" to an Amex credit card instead of staying on the Green Card unless Amex gives me a very good retention offer in points and minimum spend at years end or I'm going to use up all my points and switch over to like I said, a no fee card with Amex points and stay with Amex even though if I go back to the Green Card in the future, the sign on bonus is "once in a life time". I only have my Chase Freedom Unlimited and Chase Amazon once since its with my bank, which of course is Chase and the Apple card. I have to remember to use the other 3, put small purchases from time to time to keep them open even if its once a month.

@cheapshot7244 2 года назад

How does the Amex show up on your credit report since there’s no numerical limit? Does it just report current balance ? If any. For example a regular credit card would likely show up 0/10000. 0 indicating the balance and 10000 indicating the credit limit.

@SimonKatzShow 2 года назад

The credit companies still indicate a high and low credit limit but it is based on your max spending that you have done in the past for Amex

@julianfp1952 2 года назад

I’m not sure how it works in other countries but I think the credit rating agencies are a pretty international businesses so many countries are probably like the UK. I have a service that checks my Experian rating every month which is one of the big credit ratings agencies at least in the UK. When I had a Capital One credit card and my Amex gold charge card I had a perfect credit score, 1000 points out of a possible maximum of 1000, but after I cancelled my Capital One card because I was only using my Amex charge card my score fell to 963 points and when I clicked on a link on my credit report to see what was dragging down my score it said it was because I was not demonstrating any ability to successfully service a credit account because I had no credit accounts to my name despite the fact that I had been putting tens of thousands of pounds a year on my Amex charge card every year for many years and had never missed a monthly payment. This makes me think that, at least for Experian in the UK, an Amex charge card (as opposed to a credit card) doesn’t seem to show up at all at least in terms of being a line of credit. I’m sure you’d get a black mark on your credit card if you missed a payment though. I sometimes wonder whether I should get a free credit card or maybe buy something on interest free credit just to see if I can get back to that perfect 1000 credit score.

@jgvincent2432 Год назад

I have a Discover It card and I pay most of my balance by the statement closing date and leave about 1% to be paid before the due date so it can be reported that I’m having a low utilization rate. However, with the Amex gold, there is a no preset limit. If I carry for example 2000 past the the statement date but pay it off before the due date does that negatively affects my credit score and spike my utilization? Or should I keep paying it like I do the Discover Card?

@AmineHamlouchi Год назад

Did you find the answer to this question?

@jgniqqa6731 Год назад

@@AmineHamlouchi I did actually…it doesn’t affect you at all unless you don’t pay by the date your bill is due on the statement…

@marcrobinson9275 2 года назад

Due to COVID, they are redoing the books and sending them again this winter.

@vickyvictoria3604 2 года назад

Thank you!

@SimonKatzShow 2 года назад

Thank you too 🙏

@mogahadfadah5694 2 года назад

When I grow up I wanna be like you man 🙏🏻

@SimonKatzShow 2 года назад

Me too. Lol thanks for watching.

@AhabGoldberg 2 года назад

I got approved for amex "business" platinum. I make 300K+ per year. Do you think theyll approve for a 60K bill for the 1st time when I use it? Also, given my quick figures here, what would you think my spending limit is based on the info I've shared with you?

@SimonKatzShow 2 года назад

Yeah they will. It will be your high limit. Then you can probably go higher next time around.

@ipickplanet9067 2 года назад

How does it calculate on your credit score

@HPX584 2 года назад

If I sign up for this card and I get it in the mail. Any idea what my max buy power will be if my other cards have a 19k limit and score of over 800?

@SimonKatzShow 2 года назад

Depends on your credit and past spend history.

@HPX584 2 года назад

@@SimonKatzShow will I be able to put 10k on the card or is that something Amex doesn’t do for new holders?

@kaelon11 Год назад

What’s s good example of the monthly payment minimum? If I spend $20k in a month. How much do i have to pay back? Like a credit card?

@rottmany Год назад

U wouldn’t like to do that, the interest are going to be in the moon.

@richardhart9204 2 года назад

Yep, take it easy with all your cards people, especially your Amex cards.

@nythepremier 2 года назад

What’s your single biggest transaction on AMEX platinum?

@SimonKatzShow 2 года назад

I’d say it was a luxury watch back in the day maybe $12k. Good question.

@NitayNostrasifu Год назад

I like to pre pay my card Amex and just use what I put on there. You can wire direct to Amex

@ivanvasconez3940 4 месяца назад

How

@Cali_Ice 2 года назад

How would I benefit from the platinum card if I don’t travel, I was approved today

@SimonKatzShow 2 года назад

Most of the benefits are with travel.

@Cali_Ice 2 года назад

@@SimonKatzShow so canceling would save me trouble?

@ssgrgohan8254 2 года назад

@@Cali_Ice gold is better

@linkedinfred 5 месяцев назад

When you think about, what lender would give you a green light to spend whatever you want? They would likely be out of business within 6 months

@EngineerDJ_Julius 2 года назад

I was talking to a customer service representative last week, and he told me that the AMEX Gold and Platinum don't have spending limits. Totally caught me off guard when he told me that. However it doesn't encourage reckless behavior

@HPX584 2 года назад

Lol there’s nothing surprising to that when you pay off ur normal credit card in full each month

@klvAcosta 2 года назад

It doesn’t but it does.

@garysimpson7326 2 года назад

I wonder if you could buy real estate with an AmEx. If you have the cash up front, you could put it into the account before the transaction and then make the purchase and then refinance if necessary.

@SimonKatzShow 2 года назад

People have bought things over 100 million dollars on one charge so I do not see why not as long as you can pay for it.

@speedycerviche3653 Год назад

I just got the green card and I’m clueless to know what I have to play with I’d love to buy a new couch

@garrymyers8459 2 года назад

Thank you sir

@SimonKatzShow 2 года назад

Thank you

@ryanathins6470 Год назад

What happens if you surpass your credit limit ?

@TMartins379 2 года назад

I have the platinum card but I wouldn’t be able to sleep at night if I charge 35k on my card.

@SimonKatzShow 2 года назад

I don’t Siri much at night as it is 😂

@kaelon11 Год назад

If you spend 30k do you have to pay 30k back the following month? Or is it a few thousand?

@SimonKatzShow Год назад

It’s best to pay in full every statement.

@fatalbert3633 Год назад

I want to buy a apple laptop for 1200 plus taxes and wondering if that’s going to be a problem my biggest single spend was $580

@jimmygarcia1534 Год назад

After the platinum card what card comes after?

@OMRS1 Год назад

The black card. Cost several thousand a year and i believe is invite only after you’ve spent so much with the platinum. I think I heard in the 6 figure range.

@shortfunnyclips2046 2 года назад

I hope I grow my business for the centurion

@SimonKatzShow 2 года назад

Get it and make it happen!

@marcrobinson9275 2 года назад

You did not mention that all the Centurion Card New Experiences have been postponed !!!

@SimonKatzShow 2 года назад

Need to check on that. Why?

@coziii.1829 2 года назад

What about buying a 260k vehicle?????

@SimonKatzShow 2 года назад

Yes, someone I read bought a Lamborghini with points!

@jbaru648 2 года назад

I’m gonna buy a gold toilet!

@SimonKatzShow 2 года назад

Which movie was it where the guy was like I LOOOOOVE GOOOOOLD haha

@mintico Год назад

Gold is around $105~$130k max i think Plat maybe can get up to $200k ish The centurion god knows what’s the limit lol

@OMRS1 Год назад

I’ve seen the plat at $500k. Amex gives you a “limit” based on your spending

@cideliagonci9129 2 года назад

✈

@SimonKatzShow 2 года назад

Cheers!

@Moan_smith Год назад

*DAWGGOAT* Imma give you 5 Stars. You make everything so easy, Got the card within few days you told me. This really went so impressive more than I thought. I’m investing again till i make it outta the hood

@darklurgonteleg7183 2 года назад

👆👆👆👆 if you’ve not being dealing with me y’all missing a lot he’s the greatest of all time

@briondionetoler Год назад

i wanna wait

@Th33Vultur3 2 года назад

I still remember Shaquille O'Neal being flagged a few years back because he spent $70,000 at Walmart a few years back in one night to furnish his apartment, they called him and Amex thought that someone stole his credit card and they are at Walmart, when Shaq verified it was him that was making the purchase, Amex was likelike, "What did you buy?" Then Amex immediately turned his card back on. People can't believe that he's worth $400 million and still shops at Walmart and he spent so much. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1W3A2hQhdg4.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1DfFQgUMLb0.html

@mranderson8725 2 года назад

The Diesel is as humble as they come

@Th33Vultur3 2 года назад

@@mranderson8725 I felt the only mistakes that Shaq made was not notifying Amex that he was traveling from Miami to Phoenix knowing he got traded, checking his spending power or telling them that he would make such a large $70,000 purchase that no wonder Amex thought his credit card might have been stolen. Glad he was able to clarify everything though. As a result, he gained being a spokesperson for both Amex and Walmart knowing he uses both.