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@Anonymous wrote:I got 3x cli when i activated my bce and today is 61 days after cli should I do it? my experian was 741 when I got approved but now its 672 because of high balance on one card which i paid off already but not yet reporting.
If you got 3x cli, you need to wait 180 days. If they deny you then it is 90 days. This way you are going to be eligible. If you are not eligible, then they will auto-deny you, the good thing about this auto-denials is that they do not reset the clock. So if you want to try at day 61 or 75 or 163, go ahead, they can change 'the rules' whenever they want (maybe they will reset the clock on those that try CLI many times).
@newhis wrote:
@Anonymous wrote:I got 3x cli when i activated my bce and today is 61 days after cli should I do it? my experian was 741 when I got approved but now its 672 because of high balance on one card which i paid off already but not yet reporting.
If you got 3x cli, you need to wait 180 days. If they deny you then it is 90 days. This way you are going to be eligible. If you are not eligible, then they will auto-deny you, the good thing about this auto-denials is that they do not reset the clock. So if you want to try at day 61 or 75 or 163, go ahead, they can change 'the rules' whenever they want (maybe they will reset the clock on those that try CLI many times).
They don't reset the clock during your waiting period.
I stumbled onto this article when curious if AMEX Everyday Cash luv button was soft or hard pull. Seeing that it appeared to be a soft pull and being well beyond the minimum period before trying, I went ahead and pulled the trigger. $5,000 limit to $15,000 in seconds. BOOM! Great thread!
@MustangSaluki wrote:
@OhioCPA wrote:
It isn't clear to me from your post where the $12,000 put you at with regard to Amex exposure, but my understanding is that they will ask for a 4506T when total exposure goes over $34,500.
Amex HHS = 24,900 CLI back in August.
Amex Plat = Charge card approved in January 2013
Amex PRG = Charge card approved in January 2013.
Amex BCP = 4,000 currently.
The $34,500 overall exposure is a new one for me, but something definitely going to OP as a remark if there have been data points validating it. Thanks!
Does anyone know if this 34500 overall limit includes AU accounts
I agree that the temptation to use what you've got may not be worth the risk for some. However, the reason people drive for higher and higher limits is because every dollar more they have in available credit - assuming they do not increasing their spend - makes their utilization look better. Managing their FICOs, for some it is an obsession.
I'm sure this is covered somewhere in this monster thread - i dug around for a while, but couldn't find it - but, is Amex's financial review lmiitation after $25,000 on each card, or total across all cards. I have one card at $25,000 (Everyday), $8,000 on two other revolvers (SPG & Costco), and a charge card. I'm at 30% util on the Everyday - paying down to zero the month before my promo 0% rated expires in October - and everything else is PIFed. At my next CLI window should switch to CLIing the SPG? Or should I not mess with Amex anymore lest I trigger a FR across my whole card portfolio?
Amex $25,000 credit limit, per card or total relationship?
Just closed my AMEX after another denial for a small CLI. No need for an account that won't grow if I want or need it to. All my CC's have raised my CLI's twice over the last year. I'm going to trim down my credit lines. I am paying off my Jeep quickly and will be paying cash for most if not all of my future transactions.
@Madoffed wrote:I'm sure this is covered somewhere in this monster thread - i dug around for a while, but couldn't find it - but, is Amex's financial review lmiitation after $25,000 on each card, or total across all cards. I have one card at $25,000 (Everyday), $8,000 on two other revolvers (SPG & Costco), and a charge card. I'm at 30% util on the Everyday - paying down to zero the month before my promo 0% rated expires in October - and everything else is PIFed. At my next CLI window should switch to CLIing the SPG? Or should I not mess with Amex anymore lest I trigger a FR across my whole card portfolio?
Amex $25,000 credit limit, per card or total relationship?
Generally per card but two things; 1) the $25K is not a rule. There have been plenty of people get higher then $25K limits without providing the 4506-T and2) You can be asked to provide tax information at any time regardless of limits
@dallasjetfan wrote:Just closed my AMEX after another denial for a small CLI. No need for an account that won't grow if I want or need it to. All my CC's have raised my CLI's twice over the last year. I'm going to trim down my credit lines. I am paying off my Jeep quickly and will be paying cash for most if not all of my future transactions.
I've had the same problem. Got 2 revolving Amex accounts over a year ago. My FICO scores are 70 points higher now than they were when I got the cards, and yet I can't beg, borrow, or steal a CLI. Each time I get some different dumbass reason. E.g. (1) I was turned for a CLI less than 90 days ago (2) my score isn't high enough (even though it's 70 points higher than when I got the card in the first place)