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I applied and got approved for the BCE on 1/01/2014. That's also the date being reported on by credit reports. Does this mean I can ask for up to 3X my starting limit this monday, 3/03/2014, since that is 61 days?
Also, when I clicked on the credit limit increase link while logged into my account, nothing was said about a maximum of up to 3X CL (not that I'm planning to ask for more) or waiting 61 days. Why is this?
My EX report is more or less the same during the last sp as when the account was opened. 767 EX fico with no other new accounts, inquiries, or anything like that. I welcome any other advice. Thanks.
They don't tell you the max is 3x, it just is. If your util is in the single digits, and your cs are like you said, then there is no problem--unless some baddy just showed up. If you hit the button too early, it will say that your account is not eligible. This won't reset the clock or anything....so you can just try a couple days later.
So you when you ask for an AmEx CLI on the 61st day, it SHOULD BE BY PHONE? 3x CLI won't be guaranteed when done online?
@Enmie wrote:So you when you ask for an AmEx CLI on the 61st day, it SHOULD BE BY PHONE? 3x CLI won't be guaranteed when done online?
First, nothing is guaranteed. Second, it doesn't matter if it's by phone or online.
@Weights wrote:Also, when I clicked on the credit limit increase link while logged into my account, nothing was said about a maximum of up to 3X CL (not that I'm planning to ask for more) or waiting 61 days. Why is this?
Probably to try to keep people from gaming the system. If they told people 3x was the max then people would just request 3x. In my experience creditors generally don't hand out this sort of information.
@Enmie wrote:So you when you ask for an AmEx CLI on the 61st day, it SHOULD BE BY PHONE? 3x CLI won't be guaranteed when done online?
+1 for doesn't matter and there are no guarantees. Whether you call or do it online your credit and history with AmEx is the same either way. I've always gone online. use whichever you prefer.
@takeshi74 wrote:
Probably to try to keep people from gaming the system. If they told people 3x was the max then people would just request 3x. In my experience creditors generally don't hand out this sort of information.
Hi, takeshi!! So, you said you've always done it online and also that there's no way to indicate you want the CLI 3x, so they just do an increase 3x even if you do it online? Or you just have that much high of an income and very good FICO?
OP, you should read these threads that will answer your questions along with some you may have not thought of.
http://ficoforums.myfico.com/t5/Credit-Cards/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071
@Rhaeny wrote:OP, you should read these threads that will answer your questions along with some you may have not thought of.
http://ficoforums.myfico.com/t5/Credit-Cards/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071
exactly.