Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 445
Registered: ‎10-23-2010
0

To CLI or Not AMEX

Some advice for a new AMEX person. I am now at 90 days with my new AMEX Blue everyday.

 

I am running a 50% UTIL after a project and now am in pay down mode.

 

The AMEX is only 20% UTIL.

 

I passed up the 61 day mark, and really dont need the CLI, but it would help on overall UTIL. It will take me another 90 days to get back below 10% UTIL

 

Would you pull the CLI or leave it alone.......

 

Thanks for any input.

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Frequent Contributor
Posts: 253
Registered: ‎11-27-2011
0

Re: To CLI or Not AMEX

Personally I would give it a shot. Ask for 2x your cl, though some say do 3x, I would only do that if you had all of your utilizations set up properly.

Worst that happens is they say no and you get a soft pull only.

You've got nothing to lose!
Valued Contributor
Posts: 1,486
Registered: ‎08-14-2011
0

Re: To CLI or Not AMEX

I've been denied 3 times.  Each time I had 0-5% util.  I think I'm at a cap based on my income though. 

In My Wallet:
AMEX BCE, Citi Forward, Chase Freedom

In My Sockdrawer:
AMEX Clear, Citi Platinum Select, US Bank Platinum, J.Crew
Frequent Contributor
Posts: 445
Registered: ‎10-23-2010
0

Re: To CLI or Not AMEX

Hmmm, I guess Im really afraid of the dreaded FR. If I needed it, the choice would be simple.

 

I guess not being in need, and bringing down some sort of adverse account action, I would have to kick my own self in the back end LOL

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Blogger
Posts: 2,876
Registered: ‎02-02-2012
0

Re: To CLI or Not AMEX


minimock wrote:

Hmmm, I guess Im really afraid of the dreaded FR.


 

 

I'm not dreaded.


BTW, I asked for a CLI and got denied. No FR.

I wouldn't worry at all about those. These forums will make you believe they happen all the time. They really don't.

 

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
Posts: 912
Registered: ‎06-14-2012
0

Re: To CLI or Not AMEX

PTR2593 if u don't mind me asking, how much is your income? I think, if u at least make 50k, your eligible for a 10k line. It could be somethin else holding u back from your CLI


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Epic Contributor
Posts: 28,803
Registered: ‎10-23-2007
0

Re: To CLI or Not AMEX


minimock wrote:

Some advice for a new AMEX person. I am now at 90 days with my new AMEX Blue everyday.

 

I am running a 50% UTIL after a project and now am in pay down mode.

 

The AMEX is only 20% UTIL.

 

I passed up the 61 day mark, and really dont need the CLI, but it would help on overall UTIL. It will take me another 90 days to get back below 10% UTIL

 

Would you pull the CLI or leave it alone.......

 

Thanks for any input.


I always say yes! If the system says no, you can try again next month or two when you pay more down... but unless you have Util. up a bit and paid them $25 last month or something (Not sure your Min.) then I wouldn't worry about it... and ask for the 3x, system will counter... so no point in asking for less because you are at a higher util.... 

Established Contributor
Posts: 1,045
Registered: ‎12-30-2007
0

Re: To CLI or Not AMEX

I agree with CA & FR on this..If you were forthcoming with everything on your AMEX app, you have NO reason to worry about FR from Amex..

 

Good Luck with whatever you decide..

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Blogger
Posts: 2,876
Registered: ‎02-02-2012
0

Re: To CLI or Not AMEX

Don't get overzealous though.

If you're making 30K with a 9.5K AMEX and you want that to be upped to 20K after having only spent 2K on it, don't be surprised if not only you don't get the CLI but don't get a counter offer.

 

That was my "mistake". But that mistake was only a SP, so, I'd prefer to call it a learning process.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Frequent Contributor
Posts: 445
Registered: ‎10-23-2010
0

Re: To CLI or Not AMEX


FrugalRican wrote:

Don't get overzealous though.

If you're making 30K with a 9.5K AMEX and you want that to be upped to 20K after having only spent 2K on it, don't be surprised if not only you don't get the CLI but don't get a counter offer.

 

That was my "mistake". But that mistake was only a SP, so, I'd prefer to call it a learning process.


No, I am way over 30K, and I was honest, and can back it up with returns if I had to...........

 

I guess you read about the horror stories all the time and it makes you pause LOL

 

 

 

Ok, well is the phone or the website better to do it by?

 

 

Thanks for all the input Smiley Happy

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.