Credit Cards

[nenuco]

I was planning to do a CLI on both Does anybody know in general, what the second CLI should consist of after the first 3X CLI that AMEX usually grants?

@ youngandcreditwrthy: How far are you from the 61 day mark? Let us know how it goes.

[youngandcreditwrthy]

Well I opened the Amex BCE on a restless night lol (Oct 1st). I'll prob wait til mid Dec. to req a CLI to $10,350 lol. I fig. that's an ideal time given than ime, creditors do seem more generous around the holidays; gotta get that gdp growth up!!! Lol

I def. will let everyone on here know!!! I love to give people info on credit :-) so important to American life!

[nenuco]

---

youngandcreditwrthy wrote:
Well I opened the Amex BCE on a restless night lol (Oct 1st). I'll prob wait til mid Dec. to req a CLI to $10,350 lol. I fig. that's an ideal time given than ime, creditors do seem more generous around the holidays; gotta get that gdp growth up!!! Lol

I def. will let everyone on here know!!! I love to give people info on credit :-) so important to American life!

---

+ 1 to both statements

[nenuco]

Does anyone know if it's better to have two similar limits ie (2) cards @ $7,500 or (1) card @ $6,000 and the other @ $9,000. Is there a difference on how lenders evaluate this? Thanks

[youngandcreditwrthy]

I'd say having a limit of $9k would be more important for setting precedent for lenders trusting you with higher limits in general... your creditors could start to get competitive and see who can give you the highest..... now for util purposes, it really wouldn't matter LOL :-P

[joeboxerc]

I've had the Costco card for over a year and a half, started with 4200 limit,  months later, 4800, 6 months 9600, and now as of today 12,000. Make numerous payments throughout the month and have paid quite, util is always under 25%, I love the rewards that we get with this card and Amex is a great company to deal with. 

[cowboyguy]

Guys, I got approved for Amex Detla for $1000 just a couple of weeks ago. I was wondering if my score is supposed to improved a bit in order to get approved for a second Amex in January next year or a 3X CLI?

[Repo-ed]

---

cowboyguy wrote:

Guys, I got approved for Amex Detla for $1000 just a couple of weeks ago. I was wondering if my score is supposed to improved a bit in order to get approved for a second Amex in January next year or a 3X CLI?

---

Yes

[youngandcreditwrthy]

Idk... My 3xcli was approved with about the same score....

[armbenderc]

---

Cdnewmanpac wrote:

My understanding is that Amex will grant 1 CLI per member every 6 months, not per card. I believe  you will be declined for your second request. Regardless of amount. 

---

This. Ask for the one you use the most first.