topic Re: Amex BCE APPROVED..but low starting limit. in Credit Card Applications

Amex BCE APPROVED..but low starting limit.

Superduper2014 — Mon, 18 Jul 2016 18:37:50 GMT

I was approved for a $1k and was wondering if I should call right away to see about them reconsidering for a higher starting line or I should wait for the card to arrive?

OR wait the 180 days for the first 3xcli?

thanks

Re: Amex BCE APPROVED..but low starting limit.

creditguy — Mon, 18 Jul 2016 18:48:14 GMT

Something in your CR caused that low SL and unless that changed since you apped I doubt a recon would be successful. Getting a CLI at activation or before activation is usually a fruitless endeavor anyway. I'd just use the card heavily and pay it off immediately and then when 61 days rolls around hit them up for the 3x CLI and see what happens.

Re: Amex BCE APPROVED..but low starting limit.

Superduper2014 — Mon, 18 Jul 2016 18:56:13 GMT

got it!!! Thanks for your input.

I thought it was 180 days from getting day I applied? Sorry, information overload (I'm apping for Penfed in a bit here today as well)

Re: Amex BCE APPROVED..but low starting limit.

creditguy — Mon, 18 Jul 2016 19:03:04 GMT

Info overload is very understandable, just treat Amex right and they will return the favor, it's a great card that can and will grow, you'll get a bigger CL one way or the other, congrats on the approval and Good Luck with PenFed they are an awesome CU.

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Mon, 18 Jul 2016 19:33:24 GMT

Congrats. I'd wait for the 61 days then request 3x
Good. Luck with penfed

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Mon, 18 Jul 2016 22:00:34 GMT

Congrats on your approval!

Re: Amex BCE APPROVED..but low starting limit.

Vegas4Play — Tue, 19 Jul 2016 07:36:23 GMT

Good luck on your penfed App, let us know how it goes.

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Tue, 19 Jul 2016 07:50:22 GMT

I would keep it and ask for a 3xcli in 61 days. After 6 months ask for another 3xcli and so on. You'll get there before you know it.

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Tue, 19 Jul 2016 12:03:49 GMT

Yes first CLI can be had at 61 days, not 180 so you only have to sit tight for 2 months, use the card well and PIF and you should be able to grab a $3k limit which I'm sure would be much better for you.

If you have time check out the monster Amex 3X CLI thread... it's got just about everything you could ever want to know with respect to Amex CLIs.

Re: Amex BCE APPROVED..but low starting limit.

CYBERSAM — Tue, 19 Jul 2016 16:05:51 GMT

@Superduper2014 wrote:
I was approved for a $1k and was wondering if I should call right away to see about them reconsidering for a higher starting line or I should wait for the card to arrive?
OR wait the 180 days for the first 3xcli?

thanks

Congrats!

I got my BCE with $1500SL and as soon as I received the card, I requested CLI online. Asked for 3K only didn't think they would give me 3X so quickly, but received what I asked for. (received the card about one week)

When 180days came, requested 3X for 9K and was granted CLI.

You can wait 61 days or 180 days before your 1st CLI, however when AMEX gives out low SL like mine and yours, it seems they would issue more CL after activation.

Good luck!

Re: Amex BCE APPROVED..but low starting limit.

Superduper2014 — Tue, 19 Jul 2016 19:11:20 GMT

@CYBERSAM wrote:
@Superduper2014 wrote:
I was approved for a $1k and was wondering if I should call right away to see about them reconsidering for a higher starting line or I should wait for the card to arrive?
OR wait the 180 days for the first 3xcli?

thanks
Congrats!

I got my BCE with $1500SL and as soon as I received the card, I requested CLI online. Asked for 3K only didn't think they would give me 3X so quickly, but received what I asked for. (received the card about one week)

When 180days came, requested 3X for 9K and was granted CLI.

You can wait 61 days or 180 days before your 1st CLI, however when AMEX gives out low SL like mine and yours, it seems they would issue more CL after activation.

Good luck!

Hi Cybersamp, that sounds good! So you requested yours online once you activated your card correct? And all these CLI requests are soft pulls correct?

Thanks for your input!

Re: Amex BCE APPROVED..but low starting limit.

CYBERSAM — Tue, 19 Jul 2016 22:08:55 GMT

@Superduper2014 wrote:
@CYBERSAM wrote:
@Superduper2014 wrote:
I was approved for a $1k and was wondering if I should call right away to see about them reconsidering for a higher starting line or I should wait for the card to arrive?
OR wait the 180 days for the first 3xcli?

thanks
Congrats!

I got my BCE with $1500SL and as soon as I received the card, I requested CLI online. Asked for 3K only didn't think they would give me 3X so quickly, but received what I asked for. (received the card about one week)

When 180days came, requested 3X for 9K and was granted CLI.

You can wait 61 days or 180 days before your 1st CLI, however when AMEX gives out low SL like mine and yours, it seems they would issue more CL after activation.

Good luck!

Hi Cybersamp, that sounds good! So you requested yours online once you activated your card correct? And all these CLI requests are soft pulls correct?
Thanks for your input!

Yes and yes. You need the 4 digit code on the CC to request CLI with AMEX and they provide SP CLI unless its especial circumstances.

Re: Amex BCE APPROVED..but low starting limit.

Superduper2014 — Fri, 29 Jul 2016 01:00:41 GMT

I don't know if I messed it up requesting a little more than 3x or it was not going to get approved regardless, but I requested the CLI after activating the card and asked for total of 4k (was approved for 1k) and received this message:

Your request for a line of credit increase has been submitted.
You will receive a written response within 7-10 days.

Does this mean declined? If it is, will I have to wait 61 days from today or how many days from this denial, to request another one?

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Fri, 29 Jul 2016 03:25:15 GMT

Sorry to hear that, it's probably denied. Wait 61 days and PIG in the meantime, you'll be treated well

Re: Amex BCE APPROVED..but low starting limit.

Superduper2014 — Fri, 29 Jul 2016 17:35:54 GMT

Do you know if one could call them and recon this CLI decline?

Re: Amex BCE APPROVED..but low starting limit.

Anonymous — Fri, 29 Jul 2016 20:57:18 GMT

Amex is not kind with CLIs on newly approved cards. Wait the 61 days...it's not that long and you'll be rewarded well then. If the limit is a problem, pay off the card before statement cuts and then you can charge more. With heavy spend like that, the 61 days CLI will get you to 3x, much more than groveling now would get you