topic Re: AMEX 3x CLI or CSP CLI in Credit Card Approvals

AMEX 3x CLI or CSP CLI

gen-specific — Tue, 28 May 2013 12:30:23 GMT

Hello guys, I am in the garden but am probably eligible for AMEX 3x CLI, which is a soft pull.

My AMEX limit is $10,000 so this will increase to $30,000 if they just approve it, I would be able to send in a 4056T if necessary though. And this will be my highest limit. I have *very little* use on this card. Actually only 1 charge ever haha, oops.

I opened this card with the intention of doing a 3x CLI soft pull at least 60 days after opening.

Then there is my CSP. I *want* this to be my main card, but I got a relatively low limit (compared to my other cards) of $6,000. I want to increase this eventually, but this card was also opened less than 3 months ago. For this non-AMEX card I suppose I should wait at least 6 months, a) for the age of the account and b) to spread out my hard inquiries.

my dilemma:

1) AMEX soft pull, if approved, will give me another card with a high limit, this will be probably favorable to other lenders to be more likely to grant me high limits

2) CSP might not like that I have such high limits on other cards, for when I request a CLI

my current highest limit is 24.9K, this is only coincidence.

SO, should I wait to CLI my CSP first, or should I do the AMEX soft pull anyway. On the AMEX I definitely plan to request 3x and no less. on CSP, I don't know yet, but I am going to request a comparitively high limit.

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 12:42:16 GMT

@gen-specific wrote:
Hello guys, I am in the garden but am probably eligible for AMEX 3x CLI, which is a soft pull.

My AMEX limit is $10,000 so this will increase to $30,000 if they just approve it, I would be able to send in a 4056T if necessary though. And this will be my highest limit. I have *very little* use on this card. Actually only 1 charge ever haha, oops.

I opened this card with the intention of doing a 3x CLI soft pull at least 60 days after opening.

Then there is my CSP. I *want* this to be my main card, but I got a relatively low limit (compared to my other cards) of $6,000. I want to increase this eventually, but this card was also opened less than 3 months ago. For this non-AMEX card I suppose I should wait at least 6 months, a) for the age of the account and b) to spread out my hard inquiries.

my dilemma:
1) AMEX soft pull, if approved, will give me another card with a high limit, this will be probably favorable to other lenders to be more likely to grant me high limits

2) CSP might not like that I have such high limits on other cards, for when I request a CLI

my current highest limit is 24.9K, this is only coincidence.

SO, should I wait to CLI my CSP first, or should I do the AMEX soft pull anyway. On the AMEX I definitely plan to request 3x and no less. on CSP, I don't know yet, but I am going to request a comparitively high limit.

All just my opinion!

At the higher levels, I don't think "CL matching" really happens as other considerations (lender risk) matter more. So having a 30K Amex won't spur Chase to match, they might be more concerned about higher levels of available credit.

Going the 4056T route can be slow. It took about four weeks in my case. So that would delay a later request for CSP CLI.

So my only question would be how high your outstanding credit is to your income. There is no hard and fast rule, but if it is "reasonable" I would go for Amex first, then Chase once the card is 6 months old. If you have a lot of credit, and really want a good limit on the CSP, go for that first (but also probably wait till that is 6 months old)

But again, just my opinion..

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 12:44:00 GMT

Just do it for Amex now. It will be a while before you are going to ask for cli from chase anyways.

The question is whether your income supports the new CL you are trying to ask from chase and Amex. If it does, go for it.

Best of luck!

Re: AMEX 3x CLI or CSP CLI

gen-specific — Tue, 28 May 2013 12:59:44 GMT

@Anonymous wrote:
Just do it for Amex now. It will be a while before you are going to ask for cli from chase anyways.

The question is whether your income supports the new CL you are trying to ask from chase and Amex. If it does, go for it.

Best of luck!

hm, ideally I'll be making more by the time I do the chase one, but anything could happen

and I could still recon and do all sorts of things to get the chase one up, I suppose.

will wait for a couple opinions. I have a mid-6 figure range salary, but already have $100k of available credit, if I am successful on the AMEX cli it will be $120k of available credit. (I'm almost done dont worry)

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 13:08:05 GMT

I think you will be fine for both CLIs

Re: AMEX 3x CLI or CSP CLI

gen-specific — Tue, 28 May 2013 13:22:22 GMT

@Anonymous wrote:
I think you will be fine for both CLIs

WELP!!!!!! MY INCREASE TO $30,000 HAS BEEN APPROVED

lmao, excess.

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 13:13:02 GMT

Grats!!! Now just wait a couple more months and request cli with chase

Re: AMEX 3x CLI or CSP CLI

gen-specific — Tue, 28 May 2013 13:19:22 GMT

@Anonymous wrote:
Grats!!! Now just wait a couple more months and request cli with chase

lol,

Credit Line	$30,000.00
Cash-Advance-Limit	$2,000.00

they gave me a cash-advance-limit of $2,000 hahaha **bleep**

yeah in another 3 months I am definitely closing all of my credit cards that have a 4-digit limit. Except CSP

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 13:22:39 GMT

Only the CL matters anyways!

Rarely anyone ever uses the cash advance feature. It's really only for extreme circumstances. Those fees are pretty much daylight robberies

Re: AMEX 3x CLI or CSP CLI

Anonymous — Tue, 28 May 2013 14:05:43 GMT

@gen-specific wrote:

@Anonymous wrote:
I think you will be fine for both CLIs
WELP!!!!!! MY INCREASE TO $30,000 HAS BEEN APPROVED

lmao, excess.

So this was an instant approval from < 25K to > 25K? And no 4056T? There goes one of the theories! Congratulations

Re: AMEX 3x CLI or CSP CLI

thom02099 — Tue, 28 May 2013 14:19:37 GMT

@gen-specific wrote:
@Anonymous wrote:
Grats!!! Now just wait a couple more months and request cli with chase
lol,

Credit Line
$30,000.00
Cash-Advance-Limit
$2,000.00

they gave me a cash-advance-limit of $2,000 hahaha **bleep**

yeah in another 3 months I am definitely closing all of my credit cards that have a 4-digit limit. Except CSP

Why not just sockdrawer that Barclays unless it has an AF? No reason to close any card with no AF, just let it ride !

Re: AMEX 3x CLI or CSP CLI

zeusta20 — Tue, 28 May 2013 15:11:30 GMT

Wow!

Those are some crazy limits! Congrats.

Re: AMEX 3x CLI or CSP CLI

gen-specific — Tue, 28 May 2013 20:07:33 GMT

@thom02099 wrote:
@gen-specific wrote:
@Anonymous wrote:
Grats!!! Now just wait a couple more months and request cli with chase
lol,

Credit Line
$30,000.00
Cash-Advance-Limit
$2,000.00

they gave me a cash-advance-limit of $2,000 hahaha **bleep**

yeah in another 3 months I am definitely closing all of my credit cards that have a 4-digit limit. Except CSP
Why not just sockdrawer that Barclays unless it has an AF? No reason to close any card with no AF, just let it ride !

haha barclays is fine, not all my limits are posted.

Its the Macy's card I am glaring at. First they are sticklers with the limits and then I heard all these horror stories with them

the plan is that in a few months I will go on a CLI hardpull spree, proportionally increasing several cards, and culling others

leaving only quality at high limits. so I expect the barclays card to be above $10k after that spree.