I have a sizable line of credit with my business Delta AMEX Reserve card. Nothing like ½ a million, but over 50k and I use it!
When I was approved for my personal SPG card as well as for my personal Delta Reserve card however, I was given dinky little 3-5k credit lines. For point enthusiasts that is just not very much when there is so much “Ice Cream” around to enjoy.
So say you are approved for a tiny line too. Sure you can call and ask for a higher credit line, but you always want to be careful with AMEX as too much activity in this regard has been reported as one of many triggers for the dreaded AMEX Financial Review (we all want to avoid that, right)!
Another thing you can do before you cancel another card is to have most of the credit line from that card sent over, but this option is very limited and does involve canceling a card or taking so much credit from it to make the card practically useless.
So what can you do? One of the most simple things that people never think about is simply, at anytime in the month, sending a big fat check to the payment processing like you would at the end of your billing cycle. What is the end result? As you can see from my statement, my tiny little credit line has swelled with my large payment giving me much more buying power.
This strategy is especially useful if you say need just a little more spend to get over the top to get your MQM bonus spend that generates from the Reserve card when you A: meet the $30,000 or $60,000 spend points and B: your statement closes. So please keep this little tip in mind if you, like me, get a rather dinky credit line on your next point card! – René
▲Delta▲ SkyMiles® Credit Card
from American Express®
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