topic Re: AMEX 3x CLI in Credit Card Applications

AMEX 3x CLI

2018VolvoS90 — Fri, 08 Sep 2023 13:42:07 GMT

Hi everyone,

I have an American Express everyday card and an American Express gold card. The American Express Everyday Card currently has a $15,000 limit and the Gold Card has no preset spending limit and has a pay over time limit of $25,000. I'm approaching the 91th day of having my AMEX Everyday card and want to do the 3x CLI which would be a $45,000 limit. However I've read mixed things about going above $35,000 and it triggering an IV. I make $95,000 a year and that's how much Amex thinks I make so that's not an issue. My current credit score is a 750 I just don't want to go through the hassle of an IV.

So do I request a $34,500 limit to stay below the $35,000 limit or do I request a $45,000 limit and hope for the best?

Does anyone know if the back button trick with AMEX still works where you can just click the back button if it shows you they are gonna wanna do an IV?

Re: AMEX 3x CLI

Priory_Man — Fri, 08 Sep 2023 17:51:10 GMT

I would just ask for what you want and see what they say. I am above $35k if you add all totals together on the cards I have and have not been asked to prove income. If you ask for $45k and they want proof of income you can either provide it or ignore it and go about your business and request another CLI in 90 days. They may also counter your request with a limit they feel comfortable with, which you can also accept or walk away from.

Re: AMEX 3x CLI

SouthJamaica — Fri, 08 Sep 2023 21:05:30 GMT

@2018VolvoS90 wrote:
Hi everyone,
I have an American Express everyday card and an American Express gold card. The American Express Everyday Card currently has a $15,000 limit and the Gold Card has no preset spending limit and has a pay over time limit of $25,000. I'm approaching the 91th day of having my AMEX Everyday card and want to do the 3x CLI which would be a $45,000 limit. However I've read mixed things about going above $35,000 and it triggering an IV. I make $95,000 a year and that's how much Amex thinks I make so that's not an issue. My current credit score is a 750 I just don't want to go through the hassle of an IV.

So do I request a $34,500 limit to stay below the $35,000 limit or do I request a $45,000 limit and hope for the best?

Does anyone know if the back button trick with AMEX still works where you can just click the back button if it shows you they are gonna wanna do an IV?

I think if you don't want to be asked for income verification, you shouldn't apply for more than a 34k limit.

Re: AMEX 3x CLI

2018VolvoS90 — Sat, 09 Sep 2023 02:13:21 GMT

@Priory_Man wrote:
I would just ask for what you want and see what they say. I am above $35k if you add all totals together on the cards I have and have not been asked to prove income. If you ask for $45k and they want proof of income you can either provide it or ignore it and go about your business and request another CLI in 90 days. They may also counter your request with a limit they feel comfortable with, which you can also accept or walk away from.

It's my understanding that's it not an aggregate $35,000 but a single request about $35,000.

Re: AMEX 3x CLI

Priory_Man — Sat, 09 Sep 2023 12:39:16 GMT

So with that theory I could have my 4 cards sitting at $34,999 with a total SL of $139,996 with no IV needed, but you ask for a CLI on 1 card and go above $35,000 they would want verification of income.
There has to be more to it than that.
To me, that makes no sense

Re: AMEX 3x CLI

2018VolvoS90 — Sat, 09 Sep 2023 15:26:12 GMT

@Priory_Man wrote:
So with that theory I could have my 4 cards sitting at $34,999 with a total SL of $139,996 with no IV needed, but you ask for a CLI on 1 card and go above $35,000 they would want verification of income.
There has to be more to it than that.
To me, that makes no sense

That's why I posted here. Based on everything I'd read on the forums it's only when a single credit line increase goes above $35,000 it triggers an IV. But I've already read that's a load of BS which is why I'm posting here to figure out which one is true or what peoples experiences have been.

Re: AMEX 3x CLI

JoeRockhead — Sat, 09 Sep 2023 16:55:13 GMT

Asking for a jump of $30k to a limit of $45k will likely increase the chances of them taking into consideration total exposure related to income. DPs on that are all over the place. Some have said it's 40%, while others have said they were at 100%+. It should go without saying YMMV.

As suggested, either make a lower request, or make the request you're talking about and see what happens. A FR, or POI based on a CLI request can be ignored with no harm, no foul. I don't know if you can resubmit a follow up request right away (essentially hitting the back button) for a lower amount to see if it will avoid the FR anymore (this used to be a thing). They may make a counter offer, or worst case, they decline altogether but after all, it's just a SP. Best of luck.

Re: AMEX 3x CLI

GZG — Sat, 09 Sep 2023 17:21:52 GMT

@Priory_Man wrote:
So with that theory I could have my 4 cards sitting at $34,999 with a total SL of $139,996 with no IV needed, but you ask for a CLI on 1 card and go above $35,000 they would want verification of income.
There has to be more to it than that.
To me, that makes no sense

it's not that at all, it's definitely file/profile dependent

there's someone here with a really large amex card limit, I forget who it is that never needed to IV for their super huge line because their file/profile supported it

it's just that 'in general' IV is much more likely to start popping up around that amount.

I personally thought that amount was 25k/on any one card 35k/aggregate across revolving credit cards w/amex

Re: AMEX 3x CLI

Priory_Man — Sun, 10 Sep 2023 13:22:41 GMT

@2018VolvoS90 wrote:
@Priory_Man wrote:
So with that theory I could have my 4 cards sitting at $34,999 with a total SL of $139,996 with no IV needed, but you ask for a CLI on 1 card and go above $35,000 they would want verification of income.
There has to be more to it than that.
To me, that makes no sense
That's why I posted here. Based on everything I'd read on the forums it's only when a single credit line increase goes above $35,000 it triggers an IV. But I've already read that's a load of BS which is why I'm posting here to figure out which one is true or what peoples experiences have been.

It would seem, that sadly, all we are doing is adding to the confusion, due to our experiences all been different. I hope you find the answer you are looking for but I suspect the only way to find out for sure is for you to hit that CLI button and see what happens.

Re: AMEX 3x CLI

Lou-natic — Mon, 11 Sep 2023 00:43:47 GMT

I"ve been asked and I ignored it basically then ask again later on the same card and it was approved without a request.

There is more to it than just a set number, right now I have 45k in exposure and no further request has been made. Having said that I'm happy where I'm at and have no intention of poking the bear any further.

Re: AMEX 3x CLI

2018VolvoS90 — Mon, 11 Sep 2023 01:39:41 GMT

@Lou-natic wrote:
I"ve been asked and I ignored it basically then ask again later on the same card and it was approved without a request.
There is more to it than just a set number, right now I have 45k in exposure and no further request has been made. Having said that I'm happy where I'm at and have no intention of poking the bear any further.

How long did you wait to resubmit again?

Re: AMEX 3x CLI

NAVYCHOP — Wed, 13 Sep 2023 19:20:05 GMT

My DL Reserve has been above $35k. Once a preset spending limit on my Platinum went away, I asked last week for a CLI to $50k and received it instantly online. They did not ask for any income verification or FR. Every case must be individual. Now I've had the DL account for many years and a $40k CL on my card in 2007 may well have been higher in constant dollars than a requested $50k CL today so maybe AMEX didn't care about a $10k increase since the CL has already eroded through inflation over the last 16 yrs.

Re: AMEX 3x CLI

NoMoreDebt — Sat, 16 Sep 2023 15:46:22 GMT

kind of late to this but keep in mind a IV is different than a FR. I recently asked for a bump on my Everyday Preferred from the SL of $20k to $35k. They approved me to $30k but wanted bank statements to possibly approve the whole requested amount. I ignored the request and just kept the $10k bump they did give up to the $30k limit.

Re: AMEX 3x CLI

2018VolvoS90 — Sat, 16 Sep 2023 15:48:09 GMT

@NoMoreDebt wrote:
kind of late to this but keep in mind a IV is different than a FR. I recently asked for a bump on my Everyday Preferred from the SL of $20k to $35k. They approved me to $30k but wanted bank statements to possibly approve the whole requested amount. I ignored the request and just kept the $10k bump they did give up to the $30k limit.

I ended up getting an increase of $19,500 to a credit limit of $34,500

Re: AMEX 3x CLI

2018VolvoS90 — Sat, 16 Sep 2023 15:49:17 GMT

@NAVYCHOP wrote:
My DL Reserve has been above $35k. Once a preset spending limit on my Platinum went away, I asked last week for a CLI to $50k and received it instantly online. They did not ask for any income verification or FR. Every case must be individual. Now I've had the DL account for many years and a $40k CL on my card in 2007 may well have been higher in constant dollars than a requested $50k CL today so maybe AMEX didn't care about a $10k increase since the CL has already eroded through inflation over the last 16 yrs.

How do you ask for an increase on your charge card? My gold card has no preset spending limit but a pay over time limit of $25,000

Re: AMEX 3x CLI

Priory_Man — Sat, 16 Sep 2023 17:32:17 GMT

@2018VolvoS90 wrote:
@NoMoreDebt wrote:
kind of late to this but keep in mind a IV is different than a FR. I recently asked for a bump on my Everyday Preferred from the SL of $20k to $35k. They approved me to $30k but wanted bank statements to possibly approve the whole requested amount. I ignored the request and just kept the $10k bump they did give up to the $30k limit.
I ended up getting an increase of $19,500 to a credit limit of $34,500

Did you get that because it is what you asked for or is that what they offered you?

Re: AMEX 3x CLI

2018VolvoS90 — Sat, 16 Sep 2023 17:33:14 GMT

@Priory_Man wrote:
@2018VolvoS90 wrote:
@NoMoreDebt wrote:
kind of late to this but keep in mind a IV is different than a FR. I recently asked for a bump on my Everyday Preferred from the SL of $20k to $35k. They approved me to $30k but wanted bank statements to possibly approve the whole requested amount. I ignored the request and just kept the $10k bump they did give up to the $30k limit.
I ended up getting an increase of $19,500 to a credit limit of $34,500
Did you get that because it is what you asked for or is that what they offered you?

That's what I asked for. I went right for $34,500

Re: AMEX 3x CLI

NAVYCHOP — Sun, 24 Sep 2023 03:18:46 GMT

Sorry I wasn't clear.. I asked for a CLI on my DL Reserve after they reinstated the NPSL on the Platinum AMEX because they won't entertain any CLIs for other cards when there is a preset spending limit on a charge card.

When I had a high credit utilization on other cards they dropped my POT from 35k to 18.5k where it stands today. I have POT turned off because I don't plan to pay interest in the future. I do have a big upcoming IRS payment and checked the spending power for $40k and it said approved so the POT limit doesn't necessarily reflect your card's spending ability. I would not worry about growing your card's POT limit which I don't believe you can request. Best wishes!