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Quickest way to the highest CL?

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cam2103
Valued Member

Quickest way to the highest CL?

First, thank you all for all of the great info available on this forum!

From what I've read my impression is going for AMEX then getting the 3X CL is the quickest path to signature lines. I've got a Ethan Allen account through Syncrony for $9k which is my highest CL. My objective is two fold, increasing my credit score with a couple high limit cards and use my spending to accumulate awards. I only have two credit cards currently, a credit union secured for $750 and the Cap1 Platinum card for $3.5k.

So, how's this sound for a strategy:

Apply for an AMEX Charge Card.
Apply for an AMEX Credit Card.
61 days after getting the card ask for the 3X CL increase.

Apply for CSP in hopes of getting a $10K+ CL

Message 1 of 6
5 REPLIES 5
ecxpa
Valued Contributor

Re: Quickest way to the highest CL?

Whar are your scores and credit report like.

Message 2 of 6
NRB525
Super Contributor

Re: Quickest way to the highest CL?

+1

And the time gap between the AMEX and the CSP? the longer the better, to try to get $10k Smiley Happy

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
Message 3 of 6
Anonymous
Not applicable

Re: Quickest way to the highest CL?

Thats a good strategy but keep in mind alot goes into determining what CL should be givein to an an applicant.  Things such as length of time accounts have been opened, credit profile, income etc..

Message 4 of 6
elim
Senior Contributor

Re: Quickest way to the highest CL?

quickest way is "a little time"

Message 5 of 6
Anonymous
Not applicable

Re: Quickest way to the highest CL?

How old are your accounts? What is your utilization?  Your file is kinda light? Is yor Ethan Allen account an installment or revolving account?

 

Depending on your answers you could try the Everyday AmEx. I think you need a few more trade lines on your bureaus and to spread out the inquiries over all 3. I don't see a $10,000 limit Visa/MC in your immediate future. Just try to get approved for another one and let it grow.

Message 6 of 6
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