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11-13-2012 10:28 AM
11-13-2012 10:46 AM - edited 11-13-2012 10:47 AM
It's not guaranteed, but it happens often enough to be regarded as pretty typical.
I think the most important thing to take away is that by AmEx's own estimation it is reasonable to request a 3x increase. And then they may give it to you, or counter-offer a lower amount, or say "wait a bit".
FWIW, when I previously had an AmEx revolver I was unaware of this custom. For my first CLI I asked for 2.5x and ended up getting 2x. As always in the credit world, your mileage may vary.
11-13-2012 11:04 AM
11-13-2012 12:15 PM
Just to give you an idea, I was at 7,500 and requested the full 3x CLI. Amex countered at 19.2k. So I got about a 2.5x CLI from them.
11-13-2012 12:31 PM
Jeez that's great. I can't wait until my 2 months roll around. I haven't even got my card yet and I'm already looking into the future. Do you have to spend a lot of money on the card per month or is it kind of like a unwritten thing and it doesn't really matter?
11-13-2012 12:40 PM
Some have had experience where it does not matter. Others who have gotten the card and requested 3x CLI and did not spend much have gotten rejected. I personally use Amex as my main card (originally my charge cards) but moved my spend on them over to the BCE to show activity. Typically I put about 1.5k per month through them. Now I use both charge and credit from them just to mix things up a bit.