09-24-2012 09:26 AM
Hey guys, I'm back after a two month disappearance. I opened up my BCP card in July and they gave me an initial credit limit of 4,000.00. I had previously opened a green card account with them in Febraury. I pay every statement on time and in full for both cards. Should I request a 3X cli upto 12,000.00 right now since over 60 days have passed? Or wait? What's the best way of going about this?
Thanks for the advice guys!
09-24-2012 09:44 AM
Thoughts? Any advice is appreciated!
09-24-2012 09:56 AM - edited 09-24-2012 09:59 AM
Thoughts? Any advice is appreciated!
I am new with Amex BCP and waiting till the time as you now. But I heard from this forum that you should try to 3x CLI. It depends on income and good credit history payment history also to get approval . I also know that if you did not get totally 3x CLI you may get counter offer ... just let do it
Please update your result
09-24-2012 10:00 AM
What is your current utilization with Amex cards? Do you know when they last softed you and your overall utilization and or scores at that timeframe? The 3x CLI will be based on the last soft they did on experian, so nothing to lose with the request as such.
09-24-2012 10:03 AM
Do you have the income to justified $12,000?
09-24-2012 10:04 AM
Wow, that was really easy. Just got approved for a 3X CLI from 4,000.00 to 12,000.00 just by requesting it. Approved instantly.
Considering a year ago I had no credit history, and now I have a 12,000.00 tradeline and a NPSL Amex Green (plus starter Capital One card...but mehhh haha only used when Amex is not accepted) I am feeling pretty good. This line should really help me get approved in the future if I want any additional cards.
Conclusion: 3X Amex cli after two months works, just request it
09-24-2012 10:10 AM
Now not to get greedy, because that is definitely plenty of credit for my needs, but when can I next request a CLI on my BCP from Amex? Six months? Year?
Have no plans to request more credit, but is good to know for future purposes.
09-24-2012 10:12 AM
After 6 months ask for another 3x CLI
09-24-2012 10:23 AM
I don't think AMEX lets you go over a 25,000.00 credit limit without having a damn good reason haha. At age 23 and with a solid, but not insane, income I doubt that they will be giving me a 25,000.00 limit in six months...
but then again I never really saw them giving me the increase to 12,000.00 and they instantly did, no questions asked...and if you add up my internal limit on Amex Green, which I know is over 10,000.00, and the BCP limit it has to be around or more than 25,000.00 which seems excessive. Apparently they trust me haha. I do pay in full right away for everything once they say "please pay".
So in six months I'll probably request a CLI to 25,000 for the hell of it. If they deny, they deny haha. Only a soft pull I believe.
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.