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How do suggested edits work?

I've a rep of under 1000 in SO and I am able to edit the answers on SO.

But according to http://stackoverflow.com/privileges/edit I shouldn't be allowed to.

Are there any changes in rules or the above information is not updated?

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marked as duplicate by Arjan, jonsca, Wesley Murch, Oded, Tim Stone Jul 15 '12 at 19:36

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

You can edit your own posts and you can edit community wiki posts. For other posts, you can suggest edits so other users can review these.

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What you are doing is suggesting edits - these get peer reviewed and only if approved by two peers will go through.

See How do suggested edits work? for details.

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