For 2014, I barely used the card unless:
- Purchases were for no category bonus spend
- Purchases were for the warranty protection
- Purchases were profitable gift card churns
I never came close to maxing out the credit limit, until December. At the time, I had now gone 1.1x the credit limit. When I did that, I received a pleasant email from American Express with their own emphasis:
We believe in your business and are pleased to let you know we’ve increased the credit limit on your account referenced above to $11,300.00. Your new credit limit is available immediately.
We hope this new credit limit helps to make it easier for you to use your card for more of your ongoing expenses, like utilities and insurance payments, as well as larger purchases for your business. You can also add additional cards for employees by calling the number on the back of your card.
So I now have almost a doubling of my credit line because I pay my bill on time, built up a credit history with them, and because of that, they believe in my credibility and increased my limit without me asking or doing any kinds of pulls.
That being said, it is no guarantee it’ll happen to you. But if you’re a good customer, come close to utilizing the credit limit or going above it a little, you too may have same chance that I did to have an increase.
And a little research also confirms by the good Doctor of Credit, that American Express does not do a hard pull.