topic Re: American Express Wait 5-6 months? in Credit Card Applications

American Express Wait 5-6 months?

Anonymous — Fri, 22 Mar 2019 22:44:57 GMT

Is there a reason you must wait six months to request a credit limit with American Express or will you be denied for sure in 5 months?

Thank you

Re: American Express Wait 5-6 months?

Brian_Earl_Spilner — Fri, 22 Mar 2019 22:50:03 GMT

Because that's their rule. And, if you are denied, you have to wait 90 days from the denial before requesting again.

Re: American Express Wait 5-6 months?

dragontears — Fri, 22 Mar 2019 23:02:23 GMT

They are sticklers for that 6 months, in fact you will get denied if you request an increase 179 days after your last one

Re: American Express Wait 5-6 months?

Anonymous — Fri, 22 Mar 2019 23:04:17 GMT

Perfect that's what I needed to know. Thanks a million!

Re: American Express Wait 5-6 months?

Anonymous — Sat, 23 Mar 2019 03:29:20 GMT

Is this outside the AMEX 3CLI after 61 days?

Re: American Express Wait 5-6 months?

Brian_Earl_Spilner — Sat, 23 Mar 2019 19:22:47 GMT

@Anonymous wrote:
Is this outside the AMEX 3CLI after 61 days?

It's after you've made your first request, which can be as soon as 61 days. If approved, you have to wait 6 months for a CLI on any card, if denied, you have to wait 90 days for any card.

Re: American Express Wait 5-6 months?

Anonymous — Sun, 24 Mar 2019 01:26:11 GMT

This link may help you in timing your CLI

https://www.timeanddate.com/date/dateadd.html

Re: American Express Wait 5-6 months?

kdm31091 — Sun, 24 Mar 2019 11:29:55 GMT

@dragontears wrote:
They are sticklers for that 6 months, in fact you will get denied if you request an increase 179 days after your last one

The computer is programmed for 180 days, so anything sooner will be a denial. No use trying to get around rules that are programmed into a system.

American Express Credit increasement back button browser

Anonymous — Tue, 09 Apr 2019 02:22:11 GMT

Here in the next coming week I'll be requesting a credit line increasement from Amex since it will have been six months. I was told to do 3 times my current limit which would make it $27,000. If it request additional income data do you just hit the back button and lower it $1,000 or how much lower do you go?

I started with a $1,000 credit limit which then went to $3,000 and to $9,000. Never missed a payment and have a gold card too that I pay in full each month. Hoping I get a line increasement to help with a new business startup.

Anyone know what the chances are? I have a 697 with Experian at this current time. Thank you to all who can shine light.

Re: What to do if requested information is needed?

Anonymous — Wed, 10 Apr 2019 14:44:06 GMT

Isn't the obvious answer here to provide them with the requested information? If they request it, why not just give it to them?

Re: What to do if requested information is needed?

Five6Two — Wed, 10 Apr 2019 16:54:56 GMT

@Anonymous wrote:
Isn't the obvious answer here to provide them with the requested information? If they request it, why not just give it to them?

Yes...but sometimes people are afraid to furnish info because it could lead to AA if the bank determines their use/income is not sufficient to the request. I agree with you though, why not just provide the info!

Re: American Express Credit increasement back button browser

FinStar — Wed, 10 Apr 2019 18:22:46 GMT

@Anonymous, you can also reference the following link, especially the most recent/last few pages, to gain some context on the 3x CLI process and what some individuals have done to leverage those efforts.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071

Re: American Express Credit increasement back button browser

Anonymous — Thu, 11 Apr 2019 01:30:03 GMT

Thank you for the reponses everyone!

I'll wait it out for a few days and apply for 3 times the credit limit. I'd prefer not to have to submit financials. My income vs what I actual bring in are above my work income and I would rather not submit this intel to Amex.

Example I make over $100,000 per year give or take $5,000. But my bank account shows that I have over $250,000 in income coming in each year from investments. that I do not want to share with American Express. Everyone has their reasons. I love Amex and would trump my two Amex cards above all other 20 plus credit cards that I have.

Amex credit line increasement

Anonymous — Wed, 17 Apr 2019 05:12:30 GMT

When applying for an Amex credit line increasement, should you have a balance on your card? I always keep it paid to a 0. I have a $9,000 credit limit but have $1,500 use on the card this month from a trip to the beach.

I plan to request a line of credit increasement 3x in 2 days. Would you pay the balance off or partial?

Re: Amex credit line increasement

Anonymous — Wed, 17 Apr 2019 10:10:05 GMT

I’d pay it off simply because AmEx already knows you spend on the card. You don’t need to keep a balance on it for them to know you use it. Paying it off shows them again that you handle your debts. In my eyes, that would make your position stronger.

Re: Amex credit line increasement

ChessChik47 — Wed, 17 Apr 2019 12:52:50 GMT

@Anonymous wrote:
When applying for an Amex credit line increasement, should you have a balance on your card? I always keep it paid to a 0. I have a $9,000 credit limit but have $1,500 use on the card this month from a trip to the beach.

I plan to request a line of credit increasement 3x in 2 days. Would you pay the balance off or partial?

I've never had an issue getting an increase with AMEX with a balance reporting. I guess it's YMMV. If the rest of your profile looks good, I don't think it matters. Using $1500 of $9000 isn't high utilization at all for that card. What's your overall utilization and EX score looking like?

Re: Amex credit line increasement

HeavenOhio — Wed, 17 Apr 2019 14:24:22 GMT

You're going to be fine with either choice… or anything in between.

Re: Amex credit line increasement

Anonymous — Wed, 17 Apr 2019 14:59:50 GMT

I agree with everyone else. What matters is your spend/payment pattern, specifically whether or not you're paying in full. You could be spending $8999/mo on that card and paying in full that $8999, but reporting an $8999 balance all the time (maxed out). This wouldn't be a negative at all in their eyes (although it would hurt your FICO scores), as you'd be showing them that you're a low risk Transactor that's paying in full every cycle. In fact, you'd be showing them that they (not just you) could possibly benefit from giving you a [large] CLI, as perhaps that $9000 limit is your constraint to spending more.

Re: American Express Wait 5-6 months?

Queen_Etherea — Wed, 17 Apr 2019 17:33:46 GMT

@dragontears wrote:
They are sticklers for that 6 months, in fact you will get denied if you request an increase 179 days after your last one

So if I get denied when asking after 60 days, I have to wait another 60 days before they'll (possibly) approve another request? I mean, they let you request until you're blue in the face, but they won't give you an actual increase until that 60 days has passed from the initial request? Did that make any sense at all? lol

Re: American Express Wait 5-6 months?

Anonymous — Wed, 17 Apr 2019 23:43:58 GMT

If Amex just gave me a CLI without me asking can I ask for another one or do I have to wait 180 days?