topic Re: Wanting a Amex BCE CLI what should I do? in Credit Card Applications

Wanting a Amex BCE CLI what should I do?

Anonymous — Mon, 06 Sep 2021 14:07:58 GMT

Good morning all, happy labor day.

I was approved for my Amex BCE two 1/2 months ago. I have only 1 statement cut. It has now passed the recommended 61 days to request increases. I have charged up about 75 precent of my available limit then paid it all off and now i am at a zero balance. Should I wait until the second statment cuts before I request a CLI?

Thanks for your help.

Re: Wanting a Amex BCE CLI what should I do?

cashorcharge — Mon, 06 Sep 2021 22:53:35 GMT

** edited **

I stand corrected.

Re: Wanting a Amex BCE CLI what should I do?

Flfico — Mon, 06 Sep 2021 16:11:09 GMT

You can request your 1st Amex cli at 61 days. Even if you requested early, it shouldn't reset the clock. Sometimes you just gotta roll the dice. Good luck!

Re: Wanting a Amex BCE CLI what should I do?

coldfusion — Mon, 06 Sep 2021 16:16:32 GMT

With AMEX you can make your initial CLI request 61 days after approval. Normal guidance is to request up to 3X your SL with the caveat that a request of $35K or more may trigger an IRS 4506-C request to get copies of your last 2 years federal tax returns. They will counteroffer.

No need to count number of statements.

If denied you can request again after an additional 90 days.

There is a very large master thread which has further details if one wants to expend the effort to research further. https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071/page/109

Re: Wanting a Amex BCE CLI what should I do?

ipmyf88 — Mon, 06 Sep 2021 19:02:30 GMT

61 days is the minimum. There's nothing to lose, it's a soft pull anyways. I say go for it. And let us know!

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Mon, 06 Sep 2021 21:12:25 GMT

@cashorcharge wrote:
I don't believe the timing is 61 days for your first, I believe it's at 91 days and at least 3 statements to close..and while the statements aren't as big a deal...like with NFCU, the 3 full months of data is preferred....especially for your first CLI

Thank you for your insight.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Mon, 06 Sep 2021 21:14:02 GMT

@Flfico wrote:
You can request your 1st Amex cli at 61 days. Even if you requested early, it shouldn't reset the clock. Sometimes you just gotta roll the dice. Good luck!

Good to know, thank you. I only have four total credit cards before I spread my wings to far, I am just focused on building up each card one at a time to improve my relationships and hopefully avoiding a lot of hard inquiries.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Mon, 06 Sep 2021 21:15:39 GMT

@coldfusion wrote:
With AMEX you can make your initial CLI request 61 days after approval. Normal guidance is to request up to 3X your SL with the caveat that a request of $35K or more may trigger an IRS 4506-C request to get copies of your last 2 years federal tax returns. They will counteroffer.

No need to count number of statements.

If denied you can request again after an additional 90 days.

There is a very large master thread which has further details if one wants to expend the effort to research further. https://ficoforums.myfico.com/t5/Credit-Card-Applications/The-Definitive-Amex-3X-CLI-Guide/td-p/1811071/page/109

Thank you for sharing that info it was very very helpful. Read through all of it and think that I will apply for an credit limit increase in the next 24 hours. Wanted to wait until its not a holiday just in case I need to speak with someone.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Mon, 06 Sep 2021 21:17:05 GMT

@ipmyf88 wrote:
61 days is the minimum. There's nothing to lose, it's a soft pull anyways. I say go for it. And let us know!

I have heard some have received hard pulls. That would just suck. I am going to freeze my reports prior to the seeking the CLI. I hope that will not hurt my chances. Thanks for your insight.

Re: Wanting a Amex BCE CLI what should I do?

Remedios — Mon, 06 Sep 2021 22:40:37 GMT

What's the SL on your BCE?

If it's $1000.00, you will most likely be waiting longer than 61 days, possibly till your file is clean.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Tue, 07 Sep 2021 01:24:15 GMT

@Remedios wrote:
What's the SL on your BCE?
If it's $1000.00, you will most likely be waiting longer than 61 days, possibly till your file is clean.

They started me out at $1900. Not to bad, but not great. I assume that is a borderline approval. Since its so low should I wait a year?

Re: Wanting a Amex BCE CLI what should I do?

Remedios — Tue, 07 Sep 2021 04:54:53 GMT

@Anonymous wrote:
@Remedios wrote:
What's the SL on your BCE?
If it's $1000.00, you will most likely be waiting longer than 61 days, possibly till your file is clean.

They started me out at $1900. Not to bad, but not great. I assume that is a borderline approval. Since its so low should I wait a year?

No, ask. There is no harm in asking.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Thu, 09 Sep 2021 09:09:49 GMT

@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:
What's the SL on your BCE?
If it's $1000.00, you will most likely be waiting longer than 61 days, possibly till your file is clean.

They started me out at $1900. Not to bad, but not great. I assume that is a borderline approval. Since its so low should I wait a year?
No, ask. There is no harm in asking.

Well i hit the love button and they sent me a notice that I am too early. I mixed up the dates with another card. What are my options? They stated that I cant apply for a CLI for 60 days. Do I need to wait 61 days or 90 days now since I was too early? Or, can I request at the time my original 61 days will would have been?

Thanks for your help.

Re: Wanting a Amex BCE CLI what should I do?

Flfico — Thu, 09 Sep 2021 11:41:35 GMT

Op, as mentioned upthread and covered thoroughly in the megathread that you read, requesting early does not reset the clock. Ask away at the original 61 day mark.

Re: Wanting a Amex BCE CLI what should I do?

Anonymous — Thu, 09 Sep 2021 14:00:56 GMT

@Flfico wrote:
Op, as mentioned upthread and covered thoroughly in the megathread that you read, requesting early does not reset the clock. Ask away at the original 61 day mark.

Thank you