topic AMEX CLI in Credit Card Approvals

AMEX CLI

nenuco — Sat, 13 Oct 2012 15:01:05 GMT

So I have (2) cards with Amex. A BCE & a Hilton with no annual fee. I know the 3X CLI is not guaranteed. That being said would it be more prudent to ask for a CLI from $3,000 > $9,000 on the Hilton and from $3,000 > $6,000 on the BCE or increase them both to $7,500. I know at the end it equals the same $15K credit line with AMEX, but right now my highest card is around $6K so I thought maybe I would have a better shot getting $15K by getting them both to $7,500. On the other hand since the rule of thumb for the initial CLI is 3X, what would be the rule of thumb for subsequent increases? Thanks.

Re: AMEX CLI

youngandcreditwrthy — Sat, 13 Oct 2012 15:06:15 GMT

You aren't using the < &> signs correctly. Lol

I've decided that I'm just gonna ask for a little less than 3xcli at 61-90 days on my BCE..
Maybe from like $3500 to $10350 LOL

Re: AMEX CLI

nenuco — Sat, 13 Oct 2012 15:17:23 GMT

@youngandcreditwrthy wrote:
You aren't using the < &> signs correctly. Lol

I've decided that I'm just gonna ask for a little less than 3xcli at 61-90 days on my BCE..
Maybe from like $3500 to $10350 LOL

I meant to illustrate them as arrows increasing from one CL to the other. Lol What do you think about the second time you ask for a CLI. Does Amex care how you distribute you CL?

Re: AMEX CLI

Cdnewmanpac — Sat, 13 Oct 2012 15:31:31 GMT

My understanding is that Amex will grant 1 CLI per member every 6 months, not per card. I believe you will be declined for your second request. Regardless of amount.

Re: AMEX CLI

youngandcreditwrthy — Sat, 13 Oct 2012 15:37:00 GMT

Oh! Haha I was just a tad confused how you were using them...sorry, I'm a grammar nerd LOL.
I'm new with Amex too, but I'd say higher CLs become a factor of income and current score generally.

Once I get to $10k with Amex, I'll be super stoked and won't care about CL's at that point. I'll just maintain my other lines (use at least annually to prevent closure/increase in util.)

Cdnewmanpac, do you have experience with Amex, or are you basing info on what you've read here?

Re: AMEX CLI

Anonymous — Sat, 13 Oct 2012 15:40:54 GMT

@Cdnewmanpac wrote:
My understanding is that Amex will grant 1 CLI per member every 6 months, not per card. I believe you will be declined for your second request. Regardless of amount.

+1 Also, if you want $9,000, ask for $9,000. Since Amex does counter-offers, you're probably not going to lose anything by asking for the full amount.

Re: AMEX CLI

nenuco — Sat, 13 Oct 2012 15:48:20 GMT

I know Citi & Discover counter offer, but I have not heard of Amex doing this. I have heard many people not getting approved for the 3X CLI, and not getting a counter offer either. So to have to wait another 3~6 months is not worth it, although my highest credit line isn't that far off the 3X CLI.

Re: AMEX CLI

Cdnewmanpac — Sat, 13 Oct 2012 15:48:43 GMT

I only have 1 revolver and was considering getting a 2nd, since my member year is 1988. I called in to ask, because of things I'd read here. I was told by the rep that it was one CLI per member per 6 months, not per card. As with anything else, the rep could be misinformed, but that is what she said.

Re: AMEX CLI

navigatethis12 — Sat, 13 Oct 2012 15:58:48 GMT

@nenuco wrote:
I know Citi & Discover counter offer, but I have not heard of Amex doing this. I have heard many people not getting approved for the 3X CLI, and not getting a counter offer either. So to have to wait another 3~6 months is not worth it, although my highest credit line isn't that far off the 3X CLI.

I received a counter offer when I asked for an increase. If no counter offer is given, they just do not feel comfortable extending that person any more credit on that card.

Re: AMEX CLI

youngandcreditwrthy — Sat, 13 Oct 2012 16:06:12 GMT

Oh okay!! That sounds good... I only have one Amex (BCE). Might wanna get the Platinum after I grad:-)

Re: AMEX CLI

nenuco — Sat, 13 Oct 2012 16:16:43 GMT

I was planning to do a CLI on both Does anybody know in general, what the second CLI should consist of after the first 3X CLI that AMEX usually grants?

@ youngandcreditwrthy: How far are you from the 61 day mark? Let us know how it goes.

Re: AMEX CLI

youngandcreditwrthy — Sat, 13 Oct 2012 16:23:27 GMT

Well I opened the Amex BCE on a restless night lol (Oct 1st). I'll prob wait til mid Dec. to req a CLI to $10,350 lol. I fig. that's an ideal time given than ime, creditors do seem more generous around the holidays; gotta get that gdp growth up!!! Lol

I def. will let everyone on here know!!! I love to give people info on credit :-) so important to American life!

Re: AMEX CLI

nenuco — Sat, 13 Oct 2012 16:56:33 GMT

@youngandcreditwrthy wrote:
Well I opened the Amex BCE on a restless night lol (Oct 1st). I'll prob wait til mid Dec. to req a CLI to $10,350 lol. I fig. that's an ideal time given than ime, creditors do seem more generous around the holidays; gotta get that gdp growth up!!! Lol

I def. will let everyone on here know!!! I love to give people info on credit :-) so important to American life!

+ 1 to both statements

Re: AMEX CLI

nenuco — Sat, 13 Oct 2012 17:52:22 GMT

Does anyone know if it's better to have two similar limits ie (2) cards @ $7,500 or (1) card @ $6,000 and the other @ $9,000. Is there a difference on how lenders evaluate this? Thanks

Re: AMEX CLI

youngandcreditwrthy — Mon, 15 Oct 2012 21:42:17 GMT

I'd say having a limit of $9k would be more important for setting precedent for lenders trusting you with higher limits in general... your creditors could start to get competitive and see who can give you the highest..... now for util purposes, it really wouldn't matter LOL :-P

Re: AMEX CLI

Anonymous — Thu, 13 Dec 2012 16:10:24 GMT

I've had the Costco card for over a year and a half, started with 4200 limit, months later, 4800, 6 months 9600, and now as of today 12,000. Make numerous payments throughout the month and have paid quite, util is always under 25%, I love the rewards that we get with this card and Amex is a great company to deal with.

Re: AMEX CLI

Anonymous — Thu, 13 Dec 2012 16:16:24 GMT

Guys, I got approved for Amex Detla for $1000 just a couple of weeks ago. I was wondering if my score is supposed to improved a bit in order to get approved for a second Amex in January next year or a 3X CLI?

Re: AMEX CLI

Repo-ed — Thu, 13 Dec 2012 16:18:23 GMT

@Anonymous wrote:
Guys, I got approved for Amex Detla for $1000 just a couple of weeks ago. I was wondering if my score is supposed to improved a bit in order to get approved for a second Amex in January next year or a 3X CLI?

Yes

Re: AMEX CLI

youngandcreditwrthy — Thu, 13 Dec 2012 21:17:25 GMT

Idk... My 3xcli was approved with about the same score....

Re: AMEX CLI

armbenderc — Thu, 13 Dec 2012 23:25:49 GMT

@Cdnewmanpac wrote:
My understanding is that Amex will grant 1 CLI per member every 6 months, not per card. I believe you will be declined for your second request. Regardless of amount.

This. Ask for the one you use the most first.