The Definitive Amex 3X CLI Guide

[Anonymous]

good news, no amex history, lot of very good chase history

amex business cash applied instant 2k limit, request 3xcli 5 minutes after apply - "please wait 5 days"

...card comes..activate, login 4k limit (2x achieved)

Very happy with my hard work, low credit history but high 7X0's on CK

[Anonymous]

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@Anonymous wrote:

I currently have 60K after 2 CLIs (11K->33k->60K) I tried 99K for 2nd CLI but slowly worked my way back to 60K after the "we can't approve you" messages. I think I could have tried 65K, but went from 70K straight to 60K. Anyway, for my 3rd CLI I tried for just 60K-80K and got the 7-10 day message. The letter came in and it was a denial. I have a new job paying slightly less but also have a Chase 0% card with a very high balance (almost 90%) as the post a few above. That may have played a factor as well. Anyway, I'm still pleased with 60K, as it is already a rather absurd limit. In other cards - I got both Citi cards increased, the biggest one 31K plus, and Discover finally gave me a second bump to 26K.

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Hey Stettin.  What is your income reported to Amex and what's your EX FICO 8 score with them?  What would you say your typical monthly spend is on the card?  When you requested your 3rd CLI to $80k, were you not prompted with the IV lingo like you were previously and were just hit with a 7-10 day message?  Was that 6 months (or more) after your previous CLI to $60k?  Any additional data you can give here would be helpful.  I'm at $40k right now and am due for another CLI request in about 30 days. 

[Anonymous]

Just a data point:

Went for my second 3X on my $15,000 BCE and rcvd the 7-10 day message. My EX has been sitting at 724 but recently dropped to 690 after my new car loan reported. I'm currently at $69,000 total exposure across 4 personal cards with Amex with zero balance on my revolvers but have a $1500 balance on my Platinum from a recent trip.   Hopefully my score rebounds over the next 90 days so I can try again. 

[Anonymous]

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@Anonymous wrote:

Just a data point:

Went for my second 3X on my $15,000 BCE and rcvd the 7-10 day message. My EX has been sitting at 724 but recently dropped to 690 after my new car loan reported. I'm currently at $69,000 total exposure across 4 personal cards with Amex with zero balance on my revolvers but have a $1500 balance on my Platinum from a recent trip.   Hopefully my score rebounds over the next 90 days so I can try again. 

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I've never seen a new loan drop a FICO score 34 points.  Something else is going on it seems. 

Did you have an old auto loan on your report that was only a few payments from paying off, and that loan is now paid off?  I can imagine that might hurt your score.  But 34 points for an auto loan doesn't add up.

Not having at least a small balance on one revolver can tank your score 15-20 points or more.  That's why we AZEO.  Did you have a small balance on one or more revolvers when you were at 724?  That makes more sense then.

[Anonymous]

Hey ABC,

Nope, nothing changed on my reports (and I monitor them like a hawk) other than the new loan reporting and my utilization improving for the better. I'm at 1% overall util with one revolver only reporting as always. I do have another car loan reporting but the only change there is the balance dropping by $324.00 to around $6,000 remaining. I didn't cross an aaoa threshold either. My Equifax dropped 52 points, TU 29 and EX 34.  I was pretty unhappy when I saw the result.

[BPebbles]

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@Anonymous wrote:

Hey ABC,

Nope, nothing changed on my reports (and I monitor them like a hawk) other than the new loan reporting and my utilization improving for the better. I'm at 1% overall util with one revolver only reporting as always. I do have another car loan reporting but the only change there is the balance dropping by $324.00 to around $6,000 remaining. I didn't cross an aaoa threshold either. My Equifax dropped 52 points, TU 29 and EX 34.  I was pretty unhappy when I saw the result.

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Hi Scuderia, did you happen to have multiple hard pulls while shopping for the car loan? 

[Anonymous]

Hi BP,

No, just the one pull from PenFed. There was no negative change to my reports other than the new car loan. I expected a 15... maybe 20 point drop, but not 34-52.  

[Anonymous]

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wrote:

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@Anonymous wrote:

I currently have 60K after 2 CLIs (11K->33k->60K) I tried 99K for 2nd CLI but slowly worked my way back to 60K after the "we can't approve you" messages. I think I could have tried 65K, but went from 70K straight to 60K. Anyway, for my 3rd CLI I tried for just 60K-80K and got the 7-10 day message. The letter came in and it was a denial. I have a new job paying slightly less but also have a Chase 0% card with a very high balance (almost 90%) as the post a few above. That may have played a factor as well. Anyway, I'm still pleased with 60K, as it is already a rather absurd limit. In other cards - I got both Citi cards increased, the biggest one 31K plus, and Discover finally gave me a second bump to 26K.

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Hey Stettin.  What is your income reported to Amex and what's your EX FICO 8 score with them?  What would you say your typical monthly spend is on the card?  When you requested your 3rd CLI to $80k, were you not prompted with the IV lingo like you were previously and were just hit with a 7-10 day message?  Was that 6 months (or more) after your previous CLI to $60k?  Any additional data you can give here would be helpful.  I'm at $40k right now and am due for another CLI request in about 30 days. 

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11k-33k was 83k, 33k-60k was 125k, 60k-80k was 115k. My last IV was at 85k, they have not asked for another this time.

Monthly spend was almost zero until about a month or two before I requested the 80K CLI, mainly because we were using the 0% Chase card. That could have been a factor, hard to say. My typical usage was about $1200 or so for groceries & gas. Nov was $200 or so, and the last statement that closed was $700 or so (most charges after the denial). My Chase was about 17k/20k util, and another card 11k/25k util. Overall util across all cards was 10% though. It was 6mo + (last in May 2016) since last CLI. 

The main thing I can think of is that 60K (50% of income) is pretty high for any single card in the first place. I don't know of anyone with a limit that high with my income. It seems pretty dangerous!

Did you get an IV to go to 40K?

When would I be able to request another increase, at maybe $70k? 61 days, or 181 days?

[Anonymous]

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wrote:

Hey ABC,

Nope, nothing changed on my reports (and I monitor them like a hawk) other than the new loan reporting and my utilization improving for the better. I'm at 1% overall util with one revolver only reporting as always. I do have another car loan reporting but the only change there is the balance dropping by $324.00 to around $6,000 remaining. I didn't cross an aaoa threshold either. My Equifax dropped 52 points, TU 29 and EX 34.  I was pretty unhappy when I saw the result.

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 Ok, any chance your one revolver reporting happens to be a store card?

[Anonymous]

No store cards in my wallet I usually let my Barclays Arrival + report a small balance..