Reply
Regular Contributor
Posts: 207
Registered: ‎11-26-2012
0

American Express CLI

I started off my american express about 4 months ago with an instant 15000 credit limit. Ive been reading forums and seen the 3xcli after 62 days so not sure if I should ask for more or leave it .

 

ALso do they do a hard inquiry for the increase?

 

Thanks

Established Contributor
Posts: 515
Registered: ‎07-31-2012
0

Re: American Express CLI


lionsfan20 wrote:

I started off my american express about 4 months ago with an instant 15000 credit limit. Ive been reading forums and seen the 3xcli after 62 days so not sure if I should ask for more or leave it .

 

ALso do they do a hard inquiry for the increase?

 

Thanks


I'm not sure if I would go 3x with the limit you started with. Maybe around 20k or so. I think I've read on hear that they do have a limit to their limit. What Amex do you have?


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Regular Contributor
Posts: 207
Registered: ‎11-26-2012
0

Re: American Express CLI

its just the amex blue , I was also wondering If they allow you to upgrade to the blue cash but no matter what I do  , I dont want to take a chance of them reducing my credit limit so thats why Im worried to do anything.

 

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: American Express CLI

i forgot if it's over 40 or 50k that your CL don't report anymore, regardless I'm pretty sure they will FR (financial review) if you ask for 45k credit limit increase, but if you make 120k a year it sohuldn't be a problem as long as you don't mind sending them documents to prove your income and a thumb print of your first born.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Community Leader
Valued Contributor
Posts: 1,406
Registered: ‎07-12-2011
0

Re: American Express CLI


lionsfan20 wrote:

I started off my american express about 4 months ago with an instant 15000 credit limit. Ive been reading forums and seen the 3xcli after 62 days so not sure if I should ask for more or leave it .

 

ALso do they do a hard inquiry for the increase?

 

Thanks


Hey OP!  You can ask for up to 25K on the auto system.  In your case I would.  It will be based on a SP that will take place from the time frame of act opening date to 61 days.  If you qualify for a CLI , you will be approved.  If for less, Amex will counter.  If you don't qualify, you will be denied the CLI.  No harm in asking for the full 25K.


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

Established Contributor
Posts: 515
Registered: ‎07-31-2012
0

Re: American Express CLI


improvingmycredit wrote:

lionsfan20 wrote:

I started off my american express about 4 months ago with an instant 15000 credit limit. Ive been reading forums and seen the 3xcli after 62 days so not sure if I should ask for more or leave it .

 

ALso do they do a hard inquiry for the increase?

 

Thanks


Hey OP!  You can ask for up to 25K on the auto system.  In your case I would.  It will be based on a SP that will take place from the time frame of act opening date to 61 days.  If you qualify for a CLI , you will be approved.  If for less, Amex will counter.  If you don't qualify, you will be denied the CLI.  No harm in asking for the full 25K.


That's the limit I couldn't remember!! +1 on this advice.:smileyhappy:


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.