For 2nd Card Amex Gold Credit Limit Not Showing in Amex App/Site

[DashGem]

I already have MRCC, and got Gold card today, as per the letter which came it says "No Pre-Set Spending Limit". In app/website also its not showing any limit.
So, what the meaning of "No Pre-Set Spending Limit" ? and how i can find out my actual limit?

 

[drsel]

For any charge card-- gold charge or platinum charge there is no preset limit, meaning you can spend how much you like.

But if you go beyond a particular level that is set by the bank, then the transaction will get declined.
Like trying to buy a new Mercedes car

 

[Shubham330Shubham330 is verified member.]

Gold card is not a credit card. Its charge card.

So charge card basically does not have hard limit. In back end it have some soft limit but it changes frequently on the basis of your spends.
You can try to figure out that limit using Check My Spending Power option on amex website.

On charge card you have to pay full due amount. There won't be minimum Amount due like credit cards. And on charge card you can't have any emi transactions..

More about charge card at
https://www.americanexpress.com/en-...A Charge Card has no,a Charge Card each month.


Mark this one as solution if it resolves your query. Thanks in advance

 

[DashGem]

yeah understood, thanks @Shubham330 & @drsel 👍