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Valued Contributor
takeshi74
Posts: 2,224
Registered: ‎06-05-2013

Re: How to treat a new AMEX BCE

[ Edited ]

Slab wrote:

As far as the way I would use the AMEX BCE is charge amounts of $30 to $200 or thereabout several times in the billing cycle and pay each charge off a few days later when it posts. Does this seem like the appropriate way to approach this for a good CLI?


No one has done enough scientific testing to definitively answer such questions.  I just pay my BCP monthly and they gave me my requested CLI on the 61st day.  Multiple payments (unless hitting the ceiling) is too much hassle for me.  Do what works for you.  Better is always highly subjective.

Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012

Re: How to treat a new AMEX BCE


youngandcreditwrthy wrote:
Yeah...
Just give it good usage !!!!
Here's my approx bal history, and i've received two 3xcli.
Month1 : bal $200 pd 200
Month 2: bal 563 pd 563 cli'ed from 3500 to 10500
Month 3: bal 3200 pd 500
Month 4: bal 3400 pd 750
Month 5: bal 3700 pd 370
Month 6: bal 3900 pd 800 cli from 10,500 to $24,500

On average, I've paid about 50% of my balance.
NEVER pay the min w Amex, that will get you denied for cli fo sho.
Good luck!

You went from 3,500 to 24,500 in 6 months??

 

Very nice.  I went Freedom instead of BCE this round, but man, I'm betting I won't be even close to that after 6 months (Even with hard pulls!)

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
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Frequent Contributor
Slab
Posts: 283
Registered: ‎12-16-2011

Re: How to treat a new AMEX BCE

I agree with you snacktrader, I'm just going to charge my usual stuff. I'm not going to go overboard, just let my BCE be my go to card for a couple of months. Thanks a lot.


SnackTrader wrote:
Just to the OP is aware: many have reported receiving 3x CLIs (me included) with only minimal spending on the card. There is no reason to go break the bank to show 'usage', IMO. Charge what you normally would and pay it off before the due date. That's pretty much how I did it, and it got me a $9,000 increase.

 

Equifax FICO 779, Transunion FICO 818, Experian FICO 807

810 goal on all three by 3-1-2015
Frequent Contributor
Slab
Posts: 283
Registered: ‎12-16-2011

Re: How to treat a new AMEX BCE

[ Edited ]

youngandcreditwrthy wrote:
Yeah...
Just give it good usage !!!!
Here's my approx bal history, and i've received two 3xcli.
Month1 : bal $200 pd 200
Month 2: bal 563 pd 563 cli'ed from 3500 to 10500
Month 3: bal 3200 pd 500
Month 4: bal 3400 pd 750
Month 5: bal 3700 pd 370
Month 6: bal 3900 pd 800 cli from 10,500 to $24,500



Great plan! It worked for you and those are great increases.

Equifax FICO 779, Transunion FICO 818, Experian FICO 807

810 goal on all three by 3-1-2015

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