I've been rebuilding for a few years now and gardening (mostly) for about 5 months now and hadn't really been keeping up with reading and research and what not lately. So I hadn't realized that after 61 days from activation I could/should do the online CLI request. So I read.... I think... I apply for 3X from 2k to 6k...hit the button... BAM! 6K credit limit! I nearly fell off my chair!
My total utilization was 37% (three cards, no loans) and my Amex utilization was about 25%. I've been using it for some bills and stuff and I did get it up over 50% at least once I remember.
I'm looking for a $10k or so auto loan in several months and so I want to get my accounts utilizations down and let them simmer and report. This more than doubles my total available credit and my overal utilizatoin dives to 16% and it was just a soft pull. 
Thanks AMEX! And thanks to these forums! Although I'd like a lower rate (22%) I'm more than happy with how I've been treated and they're like miricle grow for my credit.
Question: Since this isn't a newly opened account and there was no hard pull I can't imagine it could have any negative effect on my report at all. Am I right?
Congrats OP, waiting to do similar with mine. I don´t think being a newly opened account would matter at all. It was SP so no harm done.
Funk-O-Meter wrote:I've been rebuilding for a few years now and gardening (mostly) for about 5 months now and hadn't really been keeping up with reading and research and what not lately. So I hadn't realized that after 61 days from activation I could/should do the online CLI request. So I read.... I think... I apply for 3X from 2k to 6k...hit the button... BAM! 6K credit limit! I nearly fell off my chair!
My total utilization was 37% (three cards, no loans) and my Amex utilization was about 25%. I've been using it for some bills and stuff and I did get it up over 50% at least once I remember.
I'm looking for a $10k or so auto loan in several months and so I want to get my accounts utilizations down and let them simmer and report. This more than doubles my total available credit and my overal utilizatoin dives to 16% and it was just a soft pull.
Thanks AMEX! And thanks to these forums! Although I'd like a lower rate (22%) I'm more than happy with how I've been treated and they're like miricle grow for my credit.
Question: Since this isn't a newly opened account and there was no hard pull I can't imagine it could have any negative effect on my report at all. Am I right?
CONGRATS!!!
Awesome CLI!!
Yea I've been kind of going for it and being aggressive with my apping the last 6 months or so and to my true amazement I've not been denied once. I expected to get denied when I apped for the AMEX in the first place and they gave me a 2k limit! Then I honestly expected them to come back with a smaller CLI offer or request more info but they just approved it. I peed down my leg a little.
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