Reply
Established Member
sureno90
Posts: 57
Registered: ‎05-04-2012
0

AMEX BCE CLI QUESTION

Hey guys! So in about a week and a half it's going to be my 61 days so I could finally request a cli. I already made two payments to AMEX, even before my due date. I'm going to have a balance of about $500. My limit is $3000. Is that going to be a problem with me not getting approved for the cli. Because I know that AMEX doesn't like people paying more than once a month. Thanks!

Frequent Contributor
OhioCPA
Posts: 471
Registered: ‎03-29-2011
0

Re: AMEX BCE CLI QUESTION

If the $500 is from the current statement cycle I don't see a problem with requesting a CLI before the balance is paid.

 

Amex will allow multiple payments in a month. The only time this is a problem is in the first 30 days after a bank account has been added. You can only make one payment from that account during the first 30 days.

________________________________________________________________________________
Regular Contributor
dp321
Posts: 166
Registered: ‎04-16-2011
0

Re: AMEX BCE CLI QUESTION

That is even below 20% util, so I don't think it would be a big problem.


Starting Score: EQ: 703 (4/2011);
Current Score: EQ: 738 (04/2013)

Goal Score: ALL 800

Take the FICO Fitness Challenge
Frequent Contributor
xiownthisplacex
Posts: 260
Registered: ‎08-29-2011
0

Re: AMEX BCE CLI QUESTION

Not to go off topic of OP, but could I request higher than 3x? Or that isn't wise?


Starting Score Myfico EQ: 676 08/11/2011
Current Score: Amazon EQ Pull: 781 Walmart TU08: 782 AMEX EX Pull: 745 08/03/2014 Goal Score: 780+
Hover over image to see limits

NPSL$1,000$18,000$9,500$5,000$5,000$5,500$8,000$5,300$9,000$5,500$4,200$1,900$4,000$1,600
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
0

Re: AMEX BCE CLI QUESTION

Just follow the 3X rule.  Getting your CL up 3X in 61 days is ridiculous.  No other lender does anything close, so no need to get even greedier.

 

As for AMEX not liking multiple payments in a month, I have no idea where people get that idea.  Amex makes it harder for the first month or so to make multiple payments but that is more of a fraud thing than anything else.  Why wouldn't they love their money faster?

               LIMITS IN CARD DESCRIPTIONS
Established Contributor
gettnthere
Posts: 912
Registered: ‎06-14-2012
0

Re: AMEX BCE CLI QUESTION


xiownthisplacex wrote:

Not to go off topic of OP, but could I request higher than 3x? Or that isn't wise?



i don't think AMEX will allow you to ask for more than 3x your current limit. All the Experienced pro's on MYFico Forums suggest 3x, no more, no less



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 :smileywink:
Established Member
sureno90
Posts: 57
Registered: ‎05-04-2012
0

Re: AMEX BCE CLI QUESTION

Ok thanks guys! (:

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}