Credit Card Center Advertiser Disclosure†
08-03-2012 11:44 PM
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!
08-04-2012 02:35 AM
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.
08-04-2012 08:28 AM
That is even below 20% util, so I don't think it would be a big problem.
08-04-2012 08:57 AM
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?
08-04-2012 09:01 AM
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
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.