First Amex Bill and CLI Question

Creditobsessed12 · ‎03-27-2015

I just opened two Amex accounts on 2/24 and I didn't know when they would be reported. I wanted to pay in full before the statement cut but I wasn't sure about the date so I waited. My ED card statement cut on 3/19 and the bill is due on 4/14 and my balance is 1447 out CL of 5K. It looks like the next stmt will cut on 4/19 so once I pay the balance I should be ok when the statement cuts. Now my question is since I had a high balance on my first stmt is this going to affect me when I request a CLI on day 61?

11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board

Anonymous · ‎03-27-2015

@Creditobsessed12 wrote:
I just opened two Amex accounts on 2/24 and I didn't know when they would be reported. I wanted to pay in full before the statement cut but I wasn't sure about the date so I waited. My ED card statement cut on 3/19 and the bill is due on 4/14 and my balance is 1447 out CL of 5K. It looks like the next stmt will cut on 4/19 so once I pay the balance I should be ok when the statement cuts. Now my question is since I had a high balance on my first stmt is this going to affect me when I request a CLI on day 61?

No it won't affect it

NRB525 · ‎03-27-2015

@Anonymous wrote:
@Creditobsessed12 wrote:
I just opened two Amex accounts on 2/24 and I didn't know when they would be reported. I wanted to pay in full before the statement cut but I wasn't sure about the date so I waited. My ED card statement cut on 3/19 and the bill is due on 4/14 and my balance is 1447 out CL of 5K. It looks like the next stmt will cut on 4/19 so once I pay the balance I should be ok when the statement cuts. Now my question is since I had a high balance on my first stmt is this going to affect me when I request a CLI on day 61?
No it won't affect it

It will affect your CLI request only if you don't pay anything.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

newhis · ‎03-27-2015

For my DW cards it say online when they will close. Below 'recent charges' it say 'Since Mar 08 (Closing date Mar 29)'

Creditobsessed12 · ‎03-27-2015

newhis wrote:

For my DW cards it say online when they will close. Below 'recent charges' it say 'Since Mar 08 (Closing date Mar 29)'

I noticed this after! I always checked from my cell phone and the mobile app doesn't show the closing date.

Hopefully I can get the 3x CLI on day 61. Amex has been soft pulling my reports like crazy. I don't get why. It's a bit scary.

11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board

Anonymous · ‎03-27-2015

Also, you no longer have to wait until 61 days to get a CLI. Whenever you are ready just go for it.

Anonymous · ‎03-27-2015

No need to wait 61 days anymore. It's been documented a lot here lately. I requested mine when I activated my card. $4.5k --> $13k. I'm a stickler for whole numbers so I didn't ask for the full $13.5k. Mind you my score had dropped 10 points from when I had applied to when I requested the CLI. However, as always YMMV.

Creditobsessed12 · ‎03-27-2015

@Anonymous wrote:
Also, you no longer have to wait until 61 days to get a CLI. Whenever you are ready just go for it.

I know but I'm not ready for it especially since I had a statement hit with a balance. I rather wait till I pay in full, have a stmt with a zero balance then request it. Plus a rep told me you don't have to wait 61 days but it is highly recommended.

11/30/14 EQ 545 TU 573 EX 602 01/15 EQ 545 TU 586 EX 589
02/15 EQ 643 TU 627 EX 669 03/05/2015 EQ 708 TU 744 EX 707
05/2017 EQ 659 TU 676 EX 683
Goal: 700s across the board

Anonymous · ‎03-27-2015

I would wait the 61 days and show a good payment history. That worked for me and I got a 3x increase last week. You can have a balance . I had a several hundred dollar balance from one charge, but was making payments every week to 10 days and my last statement shows a 0 balance and my first statement reported a $400 balance on a $5000 limit.