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RushXTC
Posts: 755
Registered: ‎07-01-2013
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?


RnJ wrote:

Not the first 61-day 3xCLI but rather the second (180 days after).  My first CLI took me to a reasonably high limit and combined with the rest of the limits on other cards, I'm concerned it might cause my creditors to take a second look.  Credit to income ratio is looking good right now, but a 3x approval would take it over the top.  Has anyone sat on their last CLI for that reason or what are some of the reasons you didn't? 


It's debt to income you're supposed to be worried about, Not Credit to income ratio (If that's even a thing).

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Super Contributor
longtimelurker
Posts: 6,185
Registered: ‎04-22-2013
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?


enharu wrote:
The only other revolver that really interests me is the SPG. Was sorta considering the Hilton too but the citi version seems superior. Only reason I haven't applied for the SPG is because the card does charge FTF. Its kinda pointless for me to use that card at international SPG locations simply because the FTF wipes out most, if not all, of the rewards.

So I'm still debating about it in a way.

I think I'm going for the Blue in Jan, just to get the backdating (to 1987) so I don't care what the card does, so long as there is no annual fee!  The website seems to think I have the BS as well as the BCP  (I converted my BS to BCP in Feb 2012) so not sure I could get that..

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Contributor
RnJ
Posts: 180
Registered: ‎08-18-2012
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

Thanks for the responses, it pretty much confirms my thoughts.  I was fortunate with a high initial limit and feel it's not necessary to request it again, but realize many are not.

 

RushXTC,  what I was referring to -  the amount of credit extended you in relation to your annual income. My DTI is extremely low, not worried there.

 

Regular Contributor
noobody
Posts: 207
Registered: ‎06-21-2012
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

my initial BCE CL is almost 20k, CSP is my main driver now, if anything, i want to CLD it to 8-10k since i read somewhere, the TOTAL revolver CL with amex cap at 34.5k
Regular Contributor
dollar_bill
Posts: 122
Registered: ‎02-19-2008
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

I think you would need to ask yourself what your futures plans are if you are worried about a lot of available credit in relation to income. I'm not sure what the point is where potential lenders stop and say... wow, this guy has a ton of available credit maybe we should reconsider.  If you are in this category, what's the rush to get a higher limit? Obviously you have a profile in which gaining credit is fairly simple, so you have that luxury. Adding credit for the sake of adding credit could put you in a bind down the road if you want to do something else (I guess?).

 

 

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Revelate
Posts: 8,897
Registered: ‎12-30-2011
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?


RushXTC wrote:

RnJ wrote:

Not the first 61-day 3xCLI but rather the second (180 days after).  My first CLI took me to a reasonably high limit and combined with the rest of the limits on other cards, I'm concerned it might cause my creditors to take a second look.  Credit to income ratio is looking good right now, but a 3x approval would take it over the top.  Has anyone sat on their last CLI for that reason or what are some of the reasons you didn't? 


It's debt to income you're supposed to be worried about, Not Credit to income ratio (If that's even a thing).


Grin, except Credit to Income can quickly turn into Debt to Income if the consumer so chooses.  That makes lenders leery, so it's reasonable for them to evaluate your aggregate credit as to whether they risk over-exposure.

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RnJ
Posts: 180
Registered: ‎08-18-2012
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

I'm in no rush for a CLI, and do not plan on asking for it.  That said, anything could happen in the future and the cushion is a nice thought (the current cushion, not an additional CLI cushion that is). 

Valued Contributor
takeshi74
Posts: 2,387
Registered: ‎06-05-2013
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?


RnJ wrote:

Has anyone sat on their last CLI for that reason or what are some of the reasons you didn't? 


I hit $25K with the first CLI.

Valued Contributor
lg8302ch
Posts: 2,659
Registered: ‎11-13-2012
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

I came up to the conclusion that I rather request 2x CLI on the 61 day mark and then the 2nd to 25K. This made more sense to me as when my first CLI came up I did not have a 5 digit card and I did not feel comfortable to ask for 15K at that stage..:smileyhappy:
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leoment
Posts: 227
Registered: ‎11-25-2012
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Re: Has anyone ever NOT gone for a second Amex 3xCLI?

I've only requested one CLI for my BCP - at the 61 day mark. I went for (and was approved for) 3x from 2k->6k.  In September, right around thee 6-month mark got an auto CLI to $7k, where I've been since.

 

I'm going to wait to get my util down before I request another CLI from Amex.


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