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Old Dec 7, 2010 | 7:55 am
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mia
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Originally Posted by AustiniteCas
....refused to increase my credit limit. The next day I apply for AMEX Plat and they give it to me with no preset spending limit.
Why does this not make sense to you? A credit limit is a commitment to allow you to spend the specified amount and to allow you to make only a tiny payment to avoid default. No preset limit means American Express can deny any charge at any time with no explanation, and requires you to pay in full each cycle.
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