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Frequent Contributor
Posts: 396
Registered: ‎04-02-2012
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What does AMEX look for with the 61 day CLI?

I'll be CLIing my BCE on Nov. 7th for my 61st day CLI, hoping to get my $1k limit to $3k.

 

What does AMEX look for so I can improve my odds?


My statement will close Oct 19, and as usual, I'll be paying a chuck of my balance the day before so I only report no more than 10% of my limit.

 

I'm also thinking about not using my card from Oct 19th to Nov 7th in order not to have a high balance on the card (I use it for groceries and gas and restuarants mostly, every week, and with a small CL, it gets high pretty fast).

 

I fear since my score took a hit with all of my new lines reporting dropping my score 23 points since my AMEX approval, I will get denied, however.

 

Thoughts?

My Wallet:
Discover It $14,300 | Chase United $12,000 | Chase Sapphire Preferred $7,000 | Chase Freedom $5,000 | Citi Simplicity $5,000 | AMEX BCE $4,200 | Paypal Extras Platinum $5,000 | Wells Fargo $1,000 | AMEX Zync NPSL
Moderator Emeritus
Posts: 10,898
Registered: ‎12-30-2011
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Re: What does AMEX look for with the 61 day CLI?

[ Edited ]

Not certain we can be fully accurate on this one, fact is some people who hardly use the card get the  3X and some who heavily use it (and PIFing) don't.  There's a lot of details which aren't generally shared, may even somewhat depend where you typically shop as Open123 astutely suggested previously... Amex certainly isn't going to tell us.

 

Personally I'm still running as much of my financial life as I can through a card I want a CLI on, or trying to establish a relationship with the lender; this applies doubly to Amex since they get paid on both sides of the transaction; however, the reduction in score from new accounts might be problematic, or it may not be at all.  Amex absolutely uses their own internal metric, and we just don't know how that factors in all cases.

 

In any event I'd hit the monkey button regardless if it were me.  Worst case a denial and a note in the internal record, which is likely irrevelant anyway in the mid/long-term future as eventually almost everyone with good behavior should qualify for a CLI.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: What does AMEX look for with the 61 day CLI?

I want to know this too. So far Im doing what you are.. Keeping util <10% and pif even though it's at zero percent the first year!! Lol I love 0%!! Ahh lol but no bal carrying for me. Haha
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
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Re: What does AMEX look for with the 61 day CLI?

FWIW, AmEx bumped me from $10k to $22.5k just after my 61 day mark and I rarely used the card (just enough to get the sign-up bonus). I made sure to PIF a week before requesting the CLI.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Member
Posts: 43
Registered: ‎03-21-2012
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Re: What does AMEX look for with the 61 day CLI?

When do you start counting the 61 days, is from approval date?

Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
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Re: What does AMEX look for with the 61 day CLI?


TWMAZ wrote:

When do you start counting the 61 days, is from approval date?


Activation date. You can always ask a CSR how many days it's been before you ask for a CLI to double check.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: What does AMEX look for with the 61 day CLI?

Bribro-my plan is to do what you did. My avg spend is about $300-400 a month anyway, so I can do $1000 in 90 days to get the $100 back on my BCE :-D
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
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