topic Question on CLI- Justification in Credit Card Applications

Question on CLI- Justification

EGMF — Wed, 04 May 2022 17:45:16 GMT

More of a general inquiry- arguably, I already have more credit than I need. Is there any reason not to ask for more? My Amex Everyday and Amex Preferred are both over $20k SL. My usage of these cards is consistent but nowhere near the limit. June is when I would normally ask for a CLI. Is there a cap or negative to asking for another CLI?

Re: Question on CLI- Justification

PNWRambler — Wed, 04 May 2022 19:11:49 GMT

The only negative to requesting a CLI that comes to mind would be a HP/inquiry, but I believe AmEx is a SP for CLI's. As long as you're responsible with it, you can never have too much available credit IMHO.

Re: Question on CLI- Justification

OmarGB9 — Wed, 04 May 2022 20:46:31 GMT

@EGMF wrote:
More of a general inquiry- arguably, I already have more credit than I need. Is there any reason not to ask for more? My Amex Everyday and Amex Preferred are both over $20k SL. My usage of these cards is consistent but nowhere near the limit. June is when I would normally ask for a CLI. Is there a cap or negative to asking for another CLI?

Potentially. If you seek to open up some sort of credit product with a very conservative bank/CU later down the line and your overall available credit is too high for their liking, they may deny you membership/said credit product.

As far as a cap, I believe with Amex if you go above $35k, you may be asked for POI, but I don't know that they have an actual hard limit.