The Definitive Amex 3X CLI Guide

[devastatah]

Good to know that you can use household income as opposed to only your own I was going back and forth about whether to use the Mrs. income in the hopes it would make my debt to income more attractive when considering my cli (maybe) I got my initial limit on my own income and of course in two months it has not changed much, as far as the card used it as an everyday spender (about a little over 3k) and paid in full both statements I saw some comments about paying the balance right after reporting vs having it report with a balance, seems like they would be able to see it either way and I didn't want it to report with a balance on a new card I am trying to get to 25K in 61 days (util at 9% and a boost of this magnitude would bring it down next to nothing) that being said if they go all 4506T on me of course taxes were jointly filed so easily proven.

[devastatah]

Started out with 10,000 limit 61 days ago Amex Delta Gold

Jumped the gun and went for increase on day 60 and was rejected (message was that they couldn't process an increase before six months so I called in since it was the first time I requested an increase to find out I was a day early.

Was told to call back in today, was getting ready to call in and logged into my account

Increase already approved to 22,100 (I applied for 25k)

Yep, I'll take it my utilization was at 9% and it's about to plummet (happy dance)

Only other above 10k card is Navy Federal Cash Rewards Visa (I'm active Duty Military)

Only other cards I am looking at are the Chase Sapphire Pref and a Blue Cash Everyday

Now if I can only get my WalMart to 10K......

[kyenku]

Hi, I am new to this Forum

 I applied for AMEX and opened account on 06/13 with 2000$ Credit Limit

Can I request a increase in the limit? Should I only request 3X the limit or can I ask for 10K?

My Other Cards have high balances and my scores are as follows would that be a problem?

Equi 637

expe 606

tran 623 

I paid my Amex card today... I have only 183$ balance on my Card. Will I be approved for 3X or 10K?

 And I donot see Increase my Credit Limit link on my Account Managemenet Page Is that a problem?

Please help me Thank You

[mountainmom]

MyFico/Other Handle: mountainmom
Initial CL: 3600
61 day/181 day CLI: (please indicate whether 61day/181day also) 10800 (61 day)
Amex Utilization @ CLI: 57.3% (statement just cut)
Overall Utilization @ Last EX Soft Pull: ~ 30-32%
Ratio of Income/(Overall Available Credit) (4 decimal places):  1.7021 (my income) 2.4549 (household)
Number of new credit lines opened since opening Amex account or last Amex CLI: 2
Total $$ value of all transactions since Amex account opening or last Amex CLI: $3700. have paid about $1600 thus far. 

I will post more details in the approval forum - because I knew for SURE I would not get it..so shocked.

[09Lexie]

@kalayanyenku

Welcome to the forum. I would strongly suggest that you read the Amex 3x CLI guide in my siggy. You can only request 3x your current CL. If you ask for $10k it will be denied. If your balances are high and the CS in your siggy is accurate, I would suggest waiting until your balances are lower. Keep in mind, Amex SP's your cr and they will use the last SP to assist with the request for a CLI. If your balances were high at the time of your sp, your chances are slim.

Exactly how high are or were your balances? What are the reasons your CS are low?

[MACFRME]

Ok. So my question has to do with auto CLIs. How do they affect 61/181-day CLI eligibility? Does AmEx give them often? I have already used and PIF'd $2,000 on my $1,000 Delta card in the first month and will continue a similar spending pattern until it reaches a decent limit. I don't expect a CLI before day 61, but I could see getting 4 months after the 61-day CLI. If I did get that auto CLI 6 months from the account opening and 4 months from the 61-day, would that impact my eligibility for the 181-day increase?

[kyenku]

@ 09Lexie  

My balances are as follows

AMEX BLUE CASH 21/ 2000 DISCOVER 2600/2900 CHASE SLATE 4000/5000 BOFA 6000/8000 CITI FORWARD 3500/9200 CITI PLATINUM 7200/8000 CREDIT UNION 4500/5000 DCU 2000/5000

I used 65% of my Credit

I applied most of this cards on June July of 2013... thats the reason may be my scores are low... Amex, Dis, chase, bofa, and citi both cards had incraesed my limit in June... I will pay off Disc and Chase end of Jan... My parents came for a vacation from overseas so I had used all the cards.... So you say I shd not ask Amex to increase my limit?

[wHiTeSoL]

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@kyenku wrote:

@ 09Lexie  

My balances are as follows

AMEX BLUE CASH 21/ 2000 DISCOVER 2600/2900 CHASE SLATE 4000/5000 BOFA 6000/8000 CITI FORWARD 3500/9200 CITI PLATINUM 7200/8000 CREDIT UNION 4500/5000 DCU 2000/5000

I used 65% of my Credit

I applied most of this cards on June July of 2013... thats the reason may be my scores are low... Amex, Dis, chase, bofa, and citi both cards had incraesed my limit in June... I will pay off Disc and Chase end of Jan... My parents came for a vacation from overseas so I had used all the cards.... So you say I shd not ask Amex to increase my limit?

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You certianly can request a CLI but with such high UTI.... it'll be tough. Worse case is you're denied and can try again in 90 days. Oh and 3x is the most they will request, you can request 10k (5x) but they most they will counter with is 6.

[09Lexie]

@kalayanyenku

With util that high and on new accts, I would suggest waiting.

[jason7613]

Hit day 61 today and decided to go for it.  Initially had a 10k line (acct opening) and went for 24k to stay under any radar.  Instant approved.  Scores are around 690-700 and total util is about 4% with the Amex card at about the same at time of app.  Was a soft hit.