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.
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.
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.