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New Contributor
DerekD
Posts: 71
Registered: ‎04-08-2014

AMEX 3X CLI

So I thought I'd post about this one more time cause i got a few different responses. Im currently 19 years old with annual income of 36k. I have amex BCE with 3k limit and I also have the new amex everyday card with a 10k limit. Im looking to do the CLI on the 61 day mark and was wondering if I should request it on my Amex BCE for 9k or the Amex eceryday card for 25k? 

Community Leader
Senior Contributor
KennyRS
Posts: 4,018
Registered: ‎01-15-2009

Re: AMEX 3X CLI

I believe the 61 day CLI is in place for whatever card you app for. All other CLIs are 6 months in between each CLI per the particular card.

(Or at least that is my understanding.)
Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:773(7/09) - EQ04:761(7/25) - EQ08:783(7/19) - TU08:790(7/21)
Goal Score: 800+
New Contributor
DerekD
Posts: 71
Registered: ‎04-08-2014

Re: AMEX 3X CLI

Right but I applied for these cards within about a week of each other. So my question is which one should I request the cli for?

Senior Contributor
yudeology101
Posts: 4,584
Registered: ‎06-21-2012

Re: AMEX 3X CLI

I would go w/ the BCE for $9k. 

JPM Ritz Carlton $8k I UMP Club $8k I CSP $5k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $3.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | TJX $1.55k | +6more
Scores: EQ:660 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *6-20-14*
Overall UTIL: 14% *Gardening Since: 5/10/14*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 as of 12-12-13)
New Contributor
DerekD
Posts: 71
Registered: ‎04-08-2014

Re: AMEX 3X CLI

Yes so far that's what in leaning towards but I can't help but want that big CL and I figured if I got it then I could transfer some of that limit over to the BCE right?
Community Leader
Senior Contributor
KennyRS
Posts: 4,018
Registered: ‎01-15-2009

Re: AMEX 3X CLI

[ Edited ]

After 13 months you can reallocate CLs.

I would CLI the card that I would use the most and make me the most money.

Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:773(7/09) - EQ04:761(7/25) - EQ08:783(7/19) - TU08:790(7/21)
Goal Score: 800+
New Contributor
fungoman
Posts: 93
Registered: ‎02-15-2014

Re: AMEX 3X CLI

Do not be scared of asking for the full 30k if you do ask on that card. The 25k trigger a FR theory is way overblown. I dont know how high they will go given a 36k income, but who knows.

Established Contributor
H4LO
Posts: 598
Registered: ‎10-30-2013

Re: AMEX 3X CLI


DerekD wrote:

So I thought I'd post about this one more time cause i got a few different responses. Im currently 19 years old with annual income of 36k. I have amex BCE with 3k limit and I also have the new amex everyday card with a 10k limit. Im looking to do the CLI on the 61 day mark and was wondering if I should request it on my Amex BCE for 9k or the Amex eceryday card for 25k? 


Do it on the 25K. 

Get the 4506T out of the way. 



Total CL - 60K // Util. ~1.6%

772 TU - 6/5 ///// 705 EX - 5/5 ///// 664 EQ - 4/29
Valued Contributor
takeshi74
Posts: 2,329
Registered: ‎06-05-2013

Re: AMEX 3X CLI

[ Edited ]

DerekD wrote:

So I thought I'd post about this one more time cause i got a few different responses.


Of course you will.  It's subjecitve matter.  Determine your priorities and act on them versus polling others who may have entirely different priorities.  If maxing out your limits trumps all else then request the CLI on the higher limit card.  However, I'd also suggest 3x'ing the card that is more useful to you.

 


fungoman wrote:

The 25k trigger a FR theory is way overblown.


People also tend to refer to income verification (which is common at $25K+ with AmEx) with an FR.  The two are entirely different even though they both involve the 4506-T.

Mega Contributor
Creditaddict
Posts: 18,950
Registered: ‎10-23-2007

Re: AMEX 3X CLI


takeshi74 wrote:

fungoman wrote:

The 25k trigger a FR theory is way overblown.


People also tend to refer to income verification (which is common at $25K+ credit with AmEx) with an FR.  The two are entirely different even though they both involve the 4506-T.


I think it's actually very UNCOMMON, it just keeps being repeated on this board and makes it seem common.

 

OP, I would request the CLI on your bigger Everyday card.

Fico Scores: EQ 657 Cabelas, TU 653 Barclay, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Express $300
Over 30 Cards in between :smileytongue:

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