I have always had an AMEX Credit Card but am thinking of getting a Charge Card.
With regards to Spending Power, their website simply says: "No Preset Spending Limit1"
"1= You are free to spend as much as you show us you can afford to repay. Proof of resources and security may be required."
Despite this, there must be some "credit limit" imposed? Or is it free reign?
Basically my question is, how does the provision of credit/spending power work?
Thanks in advance for any info!
Paul
With regards to Spending Power, their website simply says: "No Preset Spending Limit1"
"1= You are free to spend as much as you show us you can afford to repay. Proof of resources and security may be required."
Despite this, there must be some "credit limit" imposed? Or is it free reign?
Basically my question is, how does the provision of credit/spending power work?
Thanks in advance for any info!
Paul