Credit Card Center Advertiser Disclosure†
02-12-2013 05:57 AM
Just read the sticky on the Amex 3X CLI after 60 days and need some opinions on strategy for my situation. I am just past the 60 day mark for my Delta Gold amex with a 2000 limit. When the card was issued in Dec, I had a 710 score based on information from Credit Sesame. My CS score now is showing as 683. Now for the strategy part... I recently took out a personal loan from lending club (received the funds last week), and have paid about 7K down on my CC balances. Obviously, these are not yet reflected in the credit score.
So should I wait for the payments to show up on the credit report before requiting the CLI, or go ahead and do it with the reduced credit score? We have been paying the amex in full each month, but not until after the statement closing date. Don't know if that matters for this situation.
Thank you for any help you can provide. I just recently discovered this forum and love the information. It is time to start actively managing my credit instead of just going along for the ride.
02-12-2013 06:02 AM
02-12-2013 07:14 AM
02-12-2013 08:37 AM
Is it 61 days after approval or activation that you can request the SP increase?
02-12-2013 09:06 AM
02-12-2013 09:37 AM
LesWH, my understanding is that you're a eligible for an Amex Cli 61 day after your account is created. Lets say i got approved for my Amex BCE on 12/17/2012 my acc was created ob 12/18/2012 so im ok to do the CLI request on or after 01/17/2013. Read the sticky notes on this forum, theres a complete guide about ir
Yeah, I went to the sticky and read it. Now I know when I am eligible for a SP increase! AMEX sp's my experian all the time so at least I don't have to wait for that!
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.