topic Re: Woots amex 6month CLI in Credit Card Approvals

Woots amex 6month CLI

JaeJae12 — Wed, 18 Dec 2013 21:58:15 GMT

So I thought either today or tomorrow was my 6month to ask for a CLI ON MY BCE again, we'll I just tried right now and BAM! Instant increased from 6k-18k!. I AM BEYOND HAPPY SINCE THIS WILL be my first card over 5 digit and highest CL.

spend pattern since my 61 day CLI was not much, only a few dollars here and there less than $25. And only one $72 purchase last month.

JUST ONE QUESTION WHY DIDN't my cash advance increased? Not like I will ever use it but I am wondering why.

American Express

PO Box 30374

Salt Lake City, UT 84130

December 18, 2013


Reference: XXXX-X
Reference:
Credit Line	$18,000.00
Cash-Advance-Limit	$400.00

Dear XXXXXXXXXX:

We are pleased to inform you that per your request, we have increased your line of credit on your American ExpressÃ’Card Account. This increase is available for your immediate use. Your account number and line size are shown above.

If you have any questions, please call 1-800-535-7790 or write to us at the address above. To learn more about protecting your credit, visit our Consumer Resources page at www.americanexpress.com/consumerresources.

Sincerely,

Robert Garinger

SVP Global New Accounts

Re: Woods amex 6month CLI

myjourney — Wed, 18 Dec 2013 21:56:00 GMT

Congrats on the 61 day CLI

Re: Woods amex 6month CLI

JaeJae12 — Wed, 18 Dec 2013 21:59:00 GMT

It's actually the 180day increase

Re: Woots amex 6month CLI

coldnmn — Wed, 18 Dec 2013 22:00:00 GMT

Congrats! Thanks for sharing.

Re: Woots amex 6month CLI

gdale6 — Wed, 18 Dec 2013 22:02:09 GMT

Well done

Re: Woots amex 6month CLI

JaeJae12 — Wed, 18 Dec 2013 22:03:53 GMT

Thank you guys,

can someone try to answer my question that I posted?

" How come my cash advance limit stayed the same? I thought with a granted CLI the cash advance would increase as well by some amount

Re: Woots amex 6month CLI

alvon123 — Wed, 18 Dec 2013 22:46:40 GMT

congrats

Re: Woots amex 6month CLI

CreditJunkie917 — Wed, 18 Dec 2013 22:49:23 GMT

Congrats!!!

Re: Woots amex 6month CLI

daybreakgonesXe — Thu, 19 Dec 2013 00:34:11 GMT

@JaeJae12 wrote:
Thank you guys,

can someone try to answer my question that I posted?

" How come my cash advance limit stayed the same? I thought with a granted CLI the cash advance would increase as well by some amount

Many creditors forget to boost it when you increase your CLI; you can simply call them up or talk to them via chat to match it! I believe the cash advance is usually 20% of the credit line!

Re: Woots amex 6month CLI

Anonymous — Thu, 19 Dec 2013 00:38:08 GMT

Congrats!

Patiently awaiting my next CLI in Feb.

Re: Woots amex 6month CLI

Transmogrifying_Bee — Thu, 19 Dec 2013 05:30:57 GMT

@JaeJae12 wrote:
Thank you guys,

can someone try to answer my question that I posted?

" How come my cash advance limit stayed the same? I thought with a granted CLI the cash advance would increase as well by some amount

I do NOT have an answer to your question about why your CASH ADVANCE LIMIT has not changed, but can only share my similar Amex 3X CLI experiences. My original Amex BCE CL was $5K. I don't recall the original Cash Advance limit. The 61 day increase brought my card to $12,500 with a Cash Advance limit of $1000. I just passed the 6 month 3X CLI mark last week, with an increase to $24K. The Cash Advance limit is still $1000! Why $400 for you vs. $1000 for me - who knows Amex usually pulls Experian, which generates my best credit score and credit report (34 year oldest account age). I've also had an Amex card since 1998. Not sure if these factors matter?

I'd be curious to hear from others if their Cash Advance limits are markedly different for similar Amex circumstances . . . !

Re: Woots amex 6month CLI

Josh2942 — Thu, 19 Dec 2013 04:55:28 GMT

Congrats and well done!! Great credit limit increase!

Re: Woots amex 6month CLI

yudeology101 — Thu, 19 Dec 2013 15:53:27 GMT

WTG, OP! Congrats to you. What was your spending like w/ your BCE?