Reply
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

When should I ask for a CLI from American Express and how much?

I appied for my American Express Blue Cash Rewards card back in Dec of 2011 and they gave me a CL of 2,500.  

 

Three months later, (after activation) in March 2012  later I ask for 3 times my CL of 2,500 and they did a soft pull on me and gave me 7500 CL.   

 

It is now close to 6months and I was thinking I should get around to asking AmEx for another CL exp. if it will not be  a hard pull.

 

Last known credit scores are listed below in my signature.  I have 2 inquries on my credit report right now in the last 12 months.   I am currently at 6.7% utilization for all of my credit card accounts.  My AmEx only has like 20 bucks on it right now

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797
Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011
0

Re: When should I ask for a CLI from American Express and how much?

You have to wait 6 months from your last CLI and it's a soft pull.  So have at it. Good luck

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Frequent Contributor
OptimasPrime
Posts: 348
Registered: ‎08-17-2012
0

Re: When should I ask for a CLI from American Express and how much?

It will definitely not be a HP.

 

You can ask 6 months from the day of your last cli up to 22.5 k (3x your current limit). Most people report that the system will counter offer if you are not eligible for the full 3x cli although it's really a ymmv situation.

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

Re: When should I ask for a CLI from American Express and how much?

How much do you think I can legitimatly ask for? 

 

I was thinking of asking for 12,000 or an increase of 4500.  Do you think that is too much or too conservative ?

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

Re: When should I ask for a CLI from American Express and how much?

Thanks for the info Mr. Prime

 

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797
Established Contributor
Koop10010
Posts: 731
Registered: ‎02-15-2012
0

Re: When should I ask for a CLI from American Express and how much?

Honestly, you should go ahead and ask for 3x your current credit limit, there's really no downside, unless you wouldn't feel comfortable with that much credit.  The system will counteroffer if you aren't approved for the full amount.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

Re: When should I ask for a CLI from American Express and how much?

So chances are rather low that a large CLI request up to 20k  would not trigger a financial review of doom ?

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797
Frequent Contributor
OptimasPrime
Posts: 348
Registered: ‎08-17-2012
0

Re: When should I ask for a CLI from American Express and how much?


castlefox wrote:

How much do you think I can legitimatly ask for? 

 

I was thinking of asking for 12,000 or an increase of 4500.  Do you think that is too much or too conservative ?


It really depends.If you have the income to support a larger limit it couldn't hurt to ask for as much as possible. AFAIK Amex also considers spending patterns (usage,pif,etc)

 

If income is on the lower side-what you suggested above may be more likely to be approved

EQ 778 | TU 776
Barclay US Airways WMC 7.5k | BCE 5.8k | BofA Travel Rewards 9.1k | Chase Marriott Premier 13k | Citi TYP WMC 6.5k | Freedom Visa Sig 8k| Discover it 10k
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

Re: When should I ask for a CLI from American Express and how much?

I only put like 2-4 hundred on it every month and always pay in full. 

 

I only make like 30K so.... yea.     I'll update this post at the end of September when decide on a number to request from AmEx.

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797
Regular Contributor
castlefox
Posts: 227
Registered: ‎12-09-2010
0

Re: When should I ask for a CLI from American Express and how much?

[ Edited ]

I asked for my credit line to be bumped up to 12,000.

 

I said my annual income was 28,100.

 

They counter offered with 11,200 and I took it.     I am happy with that since its my first card over 10k

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
(FAKO Scores) EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773
2012 MAR = 782 JUN=783 Dec = 789
2013 Mar-796 Jun-799 Dec- 797

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+