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New Contributor
Aspireto850
Posts: 109
Registered: ‎08-12-2012
0

What's the 61 day 3x CLI?

Hi everyone,

 

Ive seen a lot of reference to a 61 day CLI request frthe existing cards. Exactly what does this mean?

 

Thanks


Current: 12/6/12 708 Exp Fico
Goal Score: 740then Garden
Moderator
Revelate
Posts: 9,758
Registered: ‎12-30-2011
0

Re: What's the 61 day 3x CLI?


Aspireto850 wrote:

Hi everyone,

 

Ive seen a lot of reference to a 61 day CLI request frthe existing cards. Exactly what does this mean?

 

Thanks


Traditionally this is in reference to Amex's Credit Line Increase (CLI) policies on their revolving tradelines, namely their credit cards and not their charge cards.

 

Specifically, on the 61st day after you have activated your Amex credit card, you may request a CLI for 3x your current tradeline.  For example if you have a 1K BCP (one of their revolvers) you could request a 3K credit line and perhaps have that approved, or if you were at 5K, you could request a credit line of 15K.

 

It's not guarunteed, but historically Amex has been amenable to this if your income, credit history, and expenditures are acceptable by whatever internal metrics they use, and it's viewed as a way to break out of small limits and into the Signature VISA / World Elite MC strata and higher without resorting to secured card tricks.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
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Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: What's the 61 day 3x CLI?

+1 .... wishin' and a hopin' and a prayin'.... Lol that I get my 3xcli to $10,500 from $3,500 per yesterday's approval! Woooo!
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
Established Contributor
CruzImperial
Posts: 869
Registered: ‎07-04-2012
0

Re: What's the 61 day 3x CLI?

It's going to be 61 days tomorrow for me. So nervous x)
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Contributor
wealthcreator
Posts: 211
Registered: ‎07-02-2012
0

Re: What's the 61 day 3x CLI?

is it exactly 61 days, or after 61 days?

Walmart TU-724 on 12-2012
EX-707 on 08-2012
EQ-668on 08-2012
_________________________________
Wallet - Discover 1500 | Chase Freedom 1500 | OldNavy Visa 2750 | Walmart 2000 | Amex BCE 6000 | BoA Visa Sig 5000 | Chase Marriott 5000 | Amex Hhonor 2000 | CSP 5000
__________________________________________
Regular Contributor
SpiceIslander
Posts: 348
Registered: ‎02-01-2010
0

Re: What's the 61 day 3x CLI?


wealthcreator wrote:

is it exactly 61 days, or after 61 days?


At LEAST 61 days!

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

Barclays / Sallie Mae World MC 13000 | Lowes 10,000 | LOC 9300 | FNBO 8900 | Amex BCP 7200 | BOA Platinum+ 6000 | Amex SPG 5700 | Citi Simplicity 5200 | Chase CSP 5000 | Achieva CU 4000 | Discover 4000 | Sam's Club 3000 | Sears 900
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: What's the 61 day 3x CLI?

Does Amex ever do auto clis?
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
Established Contributor
espnjunkie
Posts: 729
Registered: ‎12-14-2011
0

Re: What's the 61 day 3x CLI?

After your pay your second statement you can request a maximum increase of 3 X your starting credit limit. I went from 4,000.00 to 12,000.00 in two months. Didn't think it would happen, but was instantly approved. Now I will wait until March and shoot for 25,000.00 haha. I kinda doubt they will give me that, but I doubted they would give me a 12,000.00 line before so...

 

Most people outside of the myfico community have no idea about the 3X CLI

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Frequent Contributor
codimom
Posts: 395
Registered: ‎09-08-2010
0

Re: What's the 61 day 3x CLI?

IMO, wait until after you pay your second statement.  then you can hit the luv button online.

Back in the garden!
App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13
Established Contributor
CruzImperial
Posts: 869
Registered: ‎07-04-2012
0

Re: What's the 61 day 3x CLI?

My second statement closed on the 26th. Can I apply right now or wait till tomorrow?
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |

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