topic Re: when is my 61st day for AMEX CLI? in Credit Card Applications

when is my 61st day for AMEX CLI?

Anonymous — Tue, 06 Jan 2015 18:21:43 GMT

i have AMEX Blue Cash Everyday with $2,000 limit, i got approved Nov. 15, 2014. i received my card Nov. 28, 2014 but they changed my card number because the first card was sent to wrong address then i used my card for the first time Dec. 1, 2014. So the question when is my 61st day for my card? So i can ask CLI. 3x my limit.

detailed answer is very much appreciated.

Re: when is my 61st day for AMEX CLI?

Anonymous — Tue, 06 Jan 2015 18:34:59 GMT

Hey dude. Don't quote me on this, but the safest bet would be to use the 61st day mark of when you first activated your card because that essentially "turns on" your account. That's what the CSR I spoke with told me anyway.

Re: when is my 61st day for AMEX CLI?

AvadaKedavra — Tue, 06 Jan 2015 20:29:44 GMT

Really the approval date (11/15) would be when the clock starts so Jan 15, 2015 should be your 61st day.

Re: when is my 61st day for AMEX CLI?

Anonymous — Tue, 06 Jan 2015 20:36:11 GMT

I was wondering the same thing, my car was approved on November 13th, and activated on the 20th. I got a 20k line, and wonder what you guys suggest I do for the 3x increase, I don't want to be denied. Think 50k would be approved?

Re: when is my 61st day for AMEX CLI?

ojefferyo — Tue, 06 Jan 2015 20:51:09 GMT

@Anonymous wrote:
I was wondering the same thing, my car was approved on November 13th, and activated on the 20th. I got a 20k line, and wonder what you guys suggest I do for the 3x increase, I don't want to be denied. Think 50k would be approved?

For 50k they will probably want some tax paper, 25k will not require anything

Re: when is my 61st day for AMEX CLI?

Anonymous — Tue, 06 Jan 2015 20:53:48 GMT

Is 61st method one time try only? because if that said i'm going to call on Jan 15 for CLI

Re: when is my 61st day for AMEX CLI?

VirtualCuriosity — Tue, 06 Jan 2015 23:29:37 GMT

This question always baffles me. Maybe it's just because I haven't read anywhere that the 61 day is the magic number, other than having to wait until you had the card for at least 60 days. If you are not exactly sure, why not just wait until the 16th, (Friday) or even Monday, just to make sure? Can someone chime in as to whether that exact 61 day date is the exact day you must request the CLI on or if not, the window shuts?

The reason I am asking is because using mine as an example, my 61st day is Jan 22, but I had already set a reminder for me to request mine later that weekend or Monday because my BCE statement close date is the 23rd and I thought it made more sense to let that second statement close.

Re: when is my 61st day for AMEX CLI?

Anonymous — Wed, 07 Jan 2015 01:18:45 GMT

I had the same question too, and I think it just opens at day 61, its not only open for 1 day.

Is there any downside to if AMEX requests tax information? Do they just want proof of my income? Any downsides?

Re: when is my 61st day for AMEX CLI?

VirtualCuriosity — Wed, 07 Jan 2015 01:31:37 GMT

@Anonymous wrote:
I had the same question too, and I think it just opens at day 61, its not only open for 1 day.
Is there any downside to if AMEX requests tax information? Do they just want proof of my income? Any downsides?

Yeah that's what I was thinking about the 61 days. As far as the tax information, I am one of those that originally was in the camp of "what's the big deal, just provide it". However, after I thought about it, it seems way more intrusive than necessary and I never want to play that relationship with them. They could check income via other means and there is some info we could redact by other means. The way I understand it, they normally want to have access to your tax information themselves, all of it.

Re: when is my 61st day for AMEX CLI?

ojefferyo — Wed, 07 Jan 2015 22:44:58 GMT

@Anonymous wrote:
Is 61st method one time try only? because if that said i'm going to call on Jan 15 for CLI

I did mine 2 weeks early and it was approved

Re: when is my 61st day for AMEX CLI?

Anonymous — Wed, 07 Jan 2015 22:47:11 GMT

seriously? probably gonna wait until next week, i dont wanna take a risk.

Re: when is my 61st day for AMEX CLI?

hawaii-girl — Wed, 07 Jan 2015 23:52:15 GMT

I think the rules for the 61 days are changing. I applied on 12/6 and asked for and was approved for 3x CLI on 1/4. In the meantime, I had used about 1/2 the original CL, paid it down, ran the account up to max CL, and asked for the CLI with the full balance showing. YMMV.

Re: when is my 61st day for AMEX CLI?

Anonymous — Thu, 08 Jan 2015 00:47:13 GMT

@hawaii-girl wrote:
I think the rules for the 61 days are changing. I applied on 12/6 and asked for and was approved for 3x CLI on 1/4. In the meantime, I had used about 1/2 the original CL, paid it down, ran the account up to max CL, and asked for the CLI with the full balance showing. YMMV.

i dont get your point. sorry. can you explain it well?

Re: when is my 61st day for AMEX CLI?

hawaii-girl — Thu, 08 Jan 2015 10:47:46 GMT

@Anonymous wrote:
@hawaii-girl wrote:
I think the rules for the 61 days are changing. I applied on 12/6 and asked for and was approved for 3x CLI on 1/4. In the meantime, I had used about 1/2 the original CL, paid it down, ran the account up to max CL, and asked for the CLI with the full balance showing. YMMV.
i dont get your point. sorry. can you explain it well?

My point is that I didn't wait for 61 days to ask for the 3x CLI. I got it at 29 days. The rest of it I put in to describe how I handled the card after I got it, just in case that has any influence on their algorithm. I did forget to mention that the 1st statement cut on 12/25, which people have been reporting (that you can ask for the increase after the 1st statement posts). Hope this clarifies.

Re: when is my 61st day for AMEX CLI?

Anonymous — Thu, 08 Jan 2015 18:01:46 GMT

@Anonymous wrote:
seriously? probably gonna wait until next week, i dont wanna take a risk.

Not a risk. If you are denied for too early a request, you can make the request again the moment the 61st day comes around. You only have to wait 91 days after a denial IF the denial is for some other reason.

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

Quoting from source below:

@MustangSaluki wrote:

What happens if you are denied CLI?
===========================================================

If you jumped the gun before the 60 days/6 months rule, the reason for denial is considered ineligibility. If that is the case you can reapply after the original and correct 60day/6month timeline. You do not have to wait an additional 90 days, so the clock doesn't get reset. If you were eligible and got denied due to other factors, then you are ineligible to reapply for another 90 days since the denial date.

Re: when is my 61st day for AMEX CLI?

CreditCuriosity — Thu, 08 Jan 2015 18:21:56 GMT

I had to try as first statement cut and ran 600 through 1k line and paid off.. 7-10 day message... Figured it wouldn't hurt to try.. Try on 61 days So basically had the card since Dec 11th, had to try the theory.. Probably depends on other factors as well, but my EX score isn't so hot . Was willing to be a guinea pig and will post the results of what the letter says when I get it.. If it is other factors or to soon to ask..

Re: when is my 61st day for AMEX CLI?

ojefferyo — Thu, 08 Jan 2015 18:19:33 GMT

I too ran a few thousand through the first month and I PIF when the statement cut. Second month ran about $1800 and with that balance showing decided to do the 3x and was approved well before the 61 days.

I tried to do an early 3x on my G/Fs ED card and got the 7-10 days message, however though she did have a balance and did not PIF. I'm wondering if paying in full has any contribution towards the early 3x at all or just a mere coincidence.

Re: when is my 61st day for AMEX CLI?

Anonymous — Fri, 09 Jan 2015 00:42:33 GMT

do you think gonna apply now? i already paid my balance from the last statement but i do have $560 balance now. but planning to pay it all tomorrow when my paycheck comes.

Re: when is my 61st day for AMEX CLI?

ojefferyo — Fri, 09 Jan 2015 01:25:16 GMT

@Anonymous wrote:
do you think gonna apply now? i already paid my balance from the last statement but i do have $560 balance now. but planning to pay it all tomorrow when my paycheck comes.

I would just do it now, can't hurt