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-   -   Problem with AMEX hold on credit limit when buying bonds (https://www.flyertalk.com/forum/milesbuzz/8892-problem-amex-hold-credit-limit-when-buying-bonds.html)

freakflyer Oct 31, 2003 10:22 pm


<font face="Verdana, Arial, Helvetica, sans-serif" size="2">I also had a similar problem with AMEX saying I was over my credit limit. After I sent them brokerage account statements, which they verifyed, showing substantial liquid net worth, my limit was raised way into 6 figures. </font>
Are you saying that you have hundreds of thousands of dollars in you credit line? Wow!

And this happened to me twice, like others. I didn't know about the ability to e-mail the US Savings bonds people. Both times I was denied repeatedly, and was told by Amex that it would take at least three weeks to clear up the duplicate hold. What a pain.

cecelia Nov 1, 2003 8:19 am

My measly 5K savings bond purchase had already processed, as assured to me by the Amex rep early the next morning. The charge was on a Hilton card with a CL of $13500 and was the only charge on it.

In my case, Amex wasn't interested in assets, only income and my card is an Optima.

steve100 Nov 1, 2003 9:20 am

on 10/28/03, I purchased $10k of bonds, and my credit limit was $10k. (I actually had a $500 credit balance from an overpayment the month before). I've checked online and my bond purchases have been posting and I've had no problem buying things elsewhere (ie: supermarket). So, I guess this extra 'hold' that AmEx has been placing on people's account isn't across the board.


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