Serious Question - AMEX 3X CLI

[revjamesl]

If the starting limit is 19k, should I really request that my limit be $57k? Is there a cap? Recommendations?

[Creditaddict]

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@revjamesl wrote:

If the starting limit is 19k, should I really request that my limit be $57k? Is there a cap? Recommendations?

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you certainly can... you might get asked to sign off on tax release

[lord_kinbote]

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@revjamesl wrote:

If the starting limit is 19k, should I really request that my limit be $57k? Is there a cap? Recommendations?

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Just an FYI, I believe Amex will only extend up to 40% of your income.

[revjamesl]

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@akula wrote:

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@revjamesl wrote:

If the starting limit is 19k, should I really request that my limit be $57k? Is there a cap? Recommendations?

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Just an FYI, I believe Amex will only extend up to 40% of your income.

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Very good info to be mindful of; thank you.

[-NewGuy-]

With a request like that they will surely ask for a signed 4506-T. However, assuming that you don't mind submitting one and your income supports it, feel free to go for it