AmEx and Credit Limits

[Anonymous]

Hey guys,
 
I am new to the site and have a quick question...I applied for two AmEx cards at the same time, first, I applied for the BCP and then the Everyday. I was approved instantly for $1,000. The second app, for the Everyday card, I got a message to contact them. I did the next day and they were still processing. I waited a couple of days and called back and got a very nice CSR. She told me that my app looked fine and it seemed like she ran it through the computer..."60 seconds," she said, "30 more seconds please," and voila, approved for $9,900, "since you had to wait, we will express mail this for you."
 
Now, my question, why such a difference in credit limits between both cards? My assumption is the credit requirements between both cards, AND I "suspect" that the CSR asked her computer for an instant CLI....point me in the right direction credit geniuses!
 
 
First post, but this is what's in my wallet:
Quicksilver 10k
Venture 15k
DoubleCash 3.6k
Discover It 6.5k
QuicksilverOne 4.25k
AmEx Everyday 9.9k
AmEx BCP 1k
Freedom 2k
 

[NRB525]

Congratulations!

The starting limits for an AMEX card are just an opening bid. The $1,000 is nice because it gets you the card. The $9,900 is nice, but kind of odd, so they must have decided you were to be just under $11,000 total.

The CL on the BCP can be grown, with the 3X CLI request option. With two cards, probably best to wait 60 days or more, but eventually you can ask it to grow.

[myjourney]

Welcome to the forum 

No rhyme or reason for Amex approval limits 

Just be happy you got both cards rare to see 2 revolvers approved at once

It will grow via SP CLI's 

Congrats X2

[Anonymous]

Same thing with me in 2014...BCE approved @ $2k and then ED a couple days later for $9.4k.

congrats on your approvals!!

[Septrosh]

Congrats on the cards!  AMEX is  great company. You'll have that growing with CLI in no time. Welcome to the forums. 

[newhis]

Wow, 1k and 9.9k and with you current limits. 

I'll say wait 2-3 months and 3X the 1k card. Then 6 months later ask for CLI on 9.9k card. After 13 months you can transfer some limit from the larger limit to the lower limit card.

If your income is good, you can have a 3k card in a couple of months and 9.9k card. Then after 6 months the 9.9k can be over 20k, then transfer 5k to the 3k card (after 13 months) and ask for 3x on that card, you could end with 2 amex cards with over 20k in 14 months.

[takeshi74]

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@Anonymous wrote:

Now, my question, why such a difference in credit limits between both cards?

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No idea as we don't have the details regarding AmEx criteria or your credit profile.  Don't assume that limits should be the same or similar even if you apply at the same time for more than one card.  They could be the same, they could differ.

[Anonymous]

What would be considered a good income? I am sitting right at 50k

[Peteyglad]

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@Anonymous wrote:

What would be considered a good income? I am sitting right at 50k

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I got my 35k Amex BCP limit on a 52k income after several cli's.