Reply
Regular Contributor
Posts: 135
Registered: ‎01-29-2013
0

Amex 3x CLI and Income?

So I was approved for a AMEX Blue Sky last month with a $5900 limit. On my application, I stated a 35k income. After 61 days when I can request 3x CLI, would it be safe to request  $10,500 (would be my first 5 digit limit). I honestly do not need the increase and already have 28k in total credit lines. All I want is to have a 5 digit limit.

 

Would it be safe to request that amount given my income and existing credit limits? The increase would put my total credit limits over my income and I'm afraid AMEX would be spooked and FR me (paranoid from all the FR stories here). 

BOA Better Rewards | Citi Forward | Chase Freedom | Discover IT | Amex BlueSky | Chase IHG | Sallie Mae | Chase CSP | Barclays Rewards | Banana Republic Visa

Epic Contributor
Posts: 24,746
Registered: ‎10-23-2007
0

Re: Amex 3x CLI and Income?


wche wrote:

So I was approved for a AMEX Blue Sky last month with a $5900 limit. On my application, I stated a 35k income. After 61 days when I can request 3x CLI, would it be safe to request  $10,500 (would be my first 5 digit limit). I honestly do not need the increase and already have 28k in total credit lines. All I want is to have a 5 digit limit.

 

Would it be safe to request that amount given my income and existing credit limits? The increase would put my total credit limits over my income and I'm afraid AMEX would be spooked and FR me (paranoid from all the FR stories here). 


you should never ask for less than 3x current amex unless it will take you over $25k and even some have stated they have done it and gotten it or countered at $25k... but don't limit yourself what they might give... it will kick back what it will give if not that 3x!

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
90 Cards and Counting :smileytongue:
Contributor
Posts: 567
Registered: ‎10-04-2012
0

Re: Amex 3x CLI and Income?


Creditaddict wrote:

wche wrote:

So I was approved for a AMEX Blue Sky last month with a $5900 limit. On my application, I stated a 35k income. After 61 days when I can request 3x CLI, would it be safe to request  $10,500 (would be my first 5 digit limit). I honestly do not need the increase and already have 28k in total credit lines. All I want is to have a 5 digit limit.

 

Would it be safe to request that amount given my income and existing credit limits? The increase would put my total credit limits over my income and I'm afraid AMEX would be spooked and FR me (paranoid from all the FR stories here). 


you should never ask for less than 3x current amex unless it will take you over $25k and even some have stated they have done it and gotten it or countered at $25k... but don't limit yourself what they might give... it will kick back what it will give if not that 3x!


+1

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Amex 3x CLI and Income?

Im going to be in a similar situation in June: I want a $25k lim from $10,500 buuuuut that'd put me up against that horrible avail credit to income ration of 100%. Meh my reported income is 149,100. Currently avail cred is like 135-145,000. Pleass post your results when you get them.
You should request $17,700; that's a 3xcli.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Epic Contributor
Posts: 24,746
Registered: ‎10-23-2007
0

Re: Amex 3x CLI and Income?


youngandcreditwrthy wrote:
Im going to be in a similar situation in June: I want a $25k lim from $10,500 buuuuut that'd put me up against that horrible avail credit to income ration of 100%. Meh my reported income is 149,100. Currently avail cred is like 135-145,000. Pleass post your results when you get them.
You should request $17,700; that's a 3xcli.

I think "Usually" banks worry more about Debt to income not Credit to Income.  it's very common for people to have credit that exceeds income and or a credit line up around or above income with one bank.

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
90 Cards and Counting :smileytongue:
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Amex 3x CLI and Income?

I think that is the case too. I've not been denied fo "too much avail cred" yet.

Good luck op!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
Posts: 453
Registered: ‎03-05-2013
0

Re: Amex 3x CLI and Income?


Creditaddict wrote:

wche wrote:

So I was approved for a AMEX Blue Sky last month with a $5900 limit. On my application, I stated a 35k income. After 61 days when I can request 3x CLI, would it be safe to request  $10,500 (would be my first 5 digit limit). I honestly do not need the increase and already have 28k in total credit lines. All I want is to have a 5 digit limit.

 

Would it be safe to request that amount given my income and existing credit limits? The increase would put my total credit limits over my income and I'm afraid AMEX would be spooked and FR me (paranoid from all the FR stories here). 


you should never ask for less than 3x current amex unless it will take you over $25k and even some have stated they have done it and gotten it or countered at $25k... but don't limit yourself what they might give... it will kick back what it will give if not that 3x!


Maybe I can get some help on this. I have an AMEX through USAA. It was just for 1K but I figured with that 3x thing you guys keep talking about it'd be 3k in no time. I waited  almost a year and asked for a CLI. They said I was approved but they gave me $500. Did I do something wrong? Should I have called AMEX instead of USAA? I just don't get what I did wrong, never been late or missed the payment in the year I was with them.

Last App December 7, 2013. Gardening until May 20, 2014
Current Score: 720 EX 714 EQ 712 TU 12/10/2013Goal Score: 720 across the board
Senior Contributor
Posts: 6,260
Registered: ‎08-16-2012
0

Re: Amex 3x CLI and Income?

American Express Centurion Bank is different than USAA.

Totally diff entities, hon. -.-
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Frequent Contributor
Posts: 453
Registered: ‎03-05-2013
0

Re: Amex 3x CLI and Income?


youngandcreditwrthy wrote:
American Express Centurion Bank is different than USAA.

Totally diff entities, hon. -.-

Thanks, I thought you guys were talking about any AMEX logo'd credit card.  I didn't know it had to be offered directly from AMEX. Learn something new everyday. Thanks again. :smileyhappy:

Last App December 7, 2013. Gardening until May 20, 2014
Current Score: 720 EX 714 EQ 712 TU 12/10/2013Goal Score: 720 across the board
Regular Contributor
Posts: 135
Registered: ‎01-29-2013
0

Re: Amex 3x CLI and Income?

I was also approved for a Discover IT along with the Blue Sky during my spree. Problem is I did a huge balance transfer over to the IT and its at 95% util. However, my overall is about 7%. Will this hurt my chances at a 3x CLI?

BOA Better Rewards | Citi Forward | Chase Freedom | Discover IT | Amex BlueSky | Chase IHG | Sallie Mae | Chase CSP | Barclays Rewards | Banana Republic Visa

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.