topic Re: ? on AMEX CLI in Credit Cards

? on AMEX CLI

CS800 — Fri, 22 Jun 2012 18:50:30 GMT

My BCE is currently at $12K and I'm hoping to get it at about $28K. I know AMEX uses the 3X rule. Also read that the automated system only gives up to $25K

Lets say I go on the automated and ask for $28K, what would happen? Would that be like playing with fire and risk an FR?

Re: ? on AMEX CLI

Crashem — Fri, 22 Jun 2012 18:55:31 GMT

Automated can go over 25k. It might counteroffer. Some indicated higher risk of fr with big cli increases. No fear if you are accurate on salary.

Re: ? on AMEX CLI

CS800 — Fri, 22 Jun 2012 19:11:06 GMT

Crashem wrote:
Automated can go over 25k. It might counteroffer. Some indicated higher risk of fr with big cli increases. No fear if you are accurate on salary.

So using the 3X rule, technically I can ask for $36K but I only want $28K.

Maybe If I ask for $30, it can counter for less.

Re: ? on AMEX CLI

Watchmann — Fri, 22 Jun 2012 19:25:30 GMT

The higher the initial limit the more chancey it is asking for a 3X increase. I have a $25k limit on a SPG card but it would be foolish to think AMEX would increase this to $75k, even with some manual review. They would have some real heartburn with it. If it was me I'd ask for $25k which should fly within their automated system, do you really need the extra $3k??

Re: ? on AMEX CLI

OhioCPA — Fri, 22 Jun 2012 19:28:15 GMT

As I recall, the automatic system actually tells you that you can request a new CL of 3X up to $25K.

Re: ? on AMEX CLI

CS800 — Fri, 22 Jun 2012 19:56:47 GMT

OhioCPA wrote:
As I recall, the automatic system actually tells you that you can request a new CL of 3X up to $25K.

Thats what I thought too.

Re: ? on AMEX CLI

CS800 — Fri, 22 Jun 2012 20:02:59 GMT

Watchmann wrote:
The higher the initial limit the more chancey it is asking for a 3X increase. I have a $25k limit on a SPG card but it would be foolish to think AMEX would increase this to $75k, even with some manual review. They would have some real heartburn with it. If it was me I'd ask for $25k which should fly within their automated system, do you really need the extra $3k??

Would be ideal to get this CL to match my current highest CL

Re: ? on AMEX CLI

clocktick — Sat, 23 Jun 2012 01:59:31 GMT

CS800 wrote:
OhioCPA wrote:
As I recall, the automatic system actually tells you that you can request a new CL of 3X up to $25K.
Thats what I thought too.

I seem to remember this as well. You may have to call them if you want over that amount.

Re: ? on AMEX CLI

BigDaddy18 — Sat, 23 Jun 2012 02:23:16 GMT

If you do end up calling them would you mind shareing with us what they say? I'm curious! Good LUCK!!

Re: ? on AMEX CLI

tmbr10 — Thu, 28 Jun 2012 01:35:47 GMT

I say call in and speak with the CLI dept specifically. 800-927-0632. You are asking for a sizable increase. For example going from 2k to 6k is wayyy easier then going from 12k to 36k although both are the 3x CLI. The "3x rule" is a nice guide but doesn't always apply.

My experience with AMEX is they usually try to accommodate you if you keep your payment record clean. Good Luck.

Re: ? on AMEX CLI

discernment — Thu, 28 Jun 2012 01:45:56 GMT

How much are you pushing through your card each month to warrant the CLI? Or, do you not have to push a lot of expenditures through your card in order to be eligible for the CLI?