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American Express Increased Our Credit Limit

Written by admin - 5 Comments

With all of the talk about credit card issuers reducing credit limits, I was a bit worried this week when we received a letter from American Express. We have an Amex Blue Cash Rewards card with them and, even though we have sterling credit, I assumed that they were writing to say that they had decided to decrease our credit limit.

But guess what? I was wrong. Instead of decreasing our limit, they increased it by 25%. Here’s the text of the letter.

Dear [Cardholder Name],

Because you are a valued Cardmember and based on your credit history, Blue Cash from American Express is pleased to inform you that your Line of Credit has been increased:

Your new credit line is [25% higher than before].

Your new credit line will appear on your next statement and remain valid as long as your credit is in good standing.

Your increased purchasing power enables you to earn even more cash back! Just use Blue Cash from American Express for all the purchases you already make – like groceries, gasoline, and monthly bills, as well as things like vacations, and home improvements. Remember, you can earn up to 5% cash back on virtually all your purchases. Plus, there’s no limit on how much cash back you can earn – so you’ll see how fast your cash back can add up!

We would like to thank you for being a Cardmember and for your continued use of Blue Cash from American Express.

If you have an question, call us anytime at 1-888-BLUE-741 or visit us at americanexpress.com/igotbluecash.

Sincerely,

Jud Linville
President and CEO, Consumer Services
Member Since 1989

As I noted the other day, this card has earned us an average of 1.96% cash back over the past year, so I’m thrilled that they’re taking care of us. While we didn’t really need the increase, I’m more than willing to take it. If you’re looking for a great cash back reward credit card, I highly recommend Blue Cash.

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Comments (scroll down to add your own):

  1. I had the same recent experience but with a Citi card. I don’t think the credit crunch is affecting me all that much to be honest…a lot to say about excellent credit!

    Comment by Eric N. — Dec 12th 2008 @ 11:36 am
  2. @Eric N: I agree, citi and chase both increased our limits and decreased our rates, too. we haven’t received any changes in terms on our end. So there are plenty of folks who aren’t being affected by the new limit reductions, fees, and rate increases. It’s actually nice to be rewarded for paying in full rather than being called deadbeats by the industry. I use rewarded loosely, because rate reductions or limit increases don’t matter to us.

    Comment by Tim — Dec 12th 2008 @ 4:47 pm
  3. This post has been featured on the 89th Carnival of Money Stories at Retire at 40.

    It’s an interesting situation to be in. You think they’re doing you a favour but in reality they are doing it for themselves. Also, be aware of when they raise your limit again, and again, and again. Suddenly you have all this money you could use but in reality don’t want to. I reached the limit I wanted and now I always tell them to knock it back to what I had before when they give me a limit raise.

    Comment by Andy @ Retire at 40 — Dec 16th 2008 @ 1:59 pm
  4. I just got a credit increase also. Mine was a 200% increase, from $2000 to $6000. Strange, because I also stopped using this card for most purchases a couple months ago.

    Comment by Jojo — Jul 11th 2009 @ 8:56 pm
  5. Well they just lowered my limit from $25k to $10.1k, which is what I owe them. I guess they are going to chase the balance. They said reason was my high usage of other cards and score of 711.

    Comment by Donald — Mar 15th 2012 @ 9:09 am

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