Credit Cards

[nenuco]

So I have (2) cards with Amex. A BCE & a Hilton with no annual fee. I know the 3X CLI is not guaranteed. That being said would it be more prudent to ask for a CLI from $3,000 > $9,000 on the Hilton and from $3,000 > $6,000 on the BCE or increase them both to $7,500. I know at the end it equals the same $15K credit line with AMEX, but right now my highest card is around $6K so I thought maybe I would have a better shot getting $15K by getting them both to $7,500. On the other hand since the rule of thumb for the initial CLI is 3X, what would be the rule of thumb for subsequent increases? Thanks.

[youngandcreditwrthy]

You aren't using the < &> signs correctly. Lol

I've decided that I'm just gonna ask for a little less than 3xcli at 61-90 days on my BCE..
Maybe from like $3500 to $10350 LOL

[nenuco]

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youngandcreditwrthy wrote:
You aren't using the < &> signs correctly. Lol

I've decided that I'm just gonna ask for a little less than 3xcli at 61-90 days on my BCE..
Maybe from like $3500 to $10350 LOL

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 I meant to illustrate them as arrows increasing from one CL to the other. Lol What do you think about the second time you ask for a CLI. Does Amex care how you distribute you CL?

[Cdnewmanpac]

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. 

[youngandcreditwrthy]

Oh! Haha I was just a tad confused how you were using them...sorry, I'm a grammar nerd LOL.
I'm new with Amex too, but I'd say higher CLs become a factor of income and current score generally.

Once I get to $10k with Amex, I'll be super stoked and won't care about CL's at that point. I'll just maintain my other lines (use at least annually to prevent closure/increase in util.)

Cdnewmanpac, do you have experience with Amex, or are you basing info on what you've read here?

[Koop10010]

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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. 

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+1  Also, if you want $9,000, ask for $9,000.  Since Amex does counter-offers, you're probably not going to lose anything by asking for the full amount.

[nenuco]

I know Citi & Discover counter offer, but I have not heard of Amex doing this. I have heard many people not getting approved for the 3X CLI, and not getting a counter offer either. So to have to wait another 3~6 months is not worth it, although my highest credit line isn't that far off the 3X CLI. 

[Cdnewmanpac]

I only have 1 revolver and was considering getting a 2nd, since my member year is 1988. I called in to ask, because of things I'd read here. I was told by the rep that it was one CLI per member per 6 months, not per card. As with anything else, the rep could be misinformed, but that is what she said.

[navigatethis12]

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nenuco wrote:

I know Citi & Discover counter offer, but I have not heard of Amex doing this. I have heard many people not getting approved for the 3X CLI, and not getting a counter offer either. So to have to wait another 3~6 months is not worth it, although my highest credit line isn't that far off the 3X CLI. 

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I received a counter offer when I asked for an increase. If no counter offer is given, they just do not feel comfortable extending that person any more credit on that card.

[youngandcreditwrthy]

Oh okay!! That sounds good... I only have one Amex (BCE). Might wanna get the Platinum after I grad:-)