topic Re: Update: Credit Limit Increase in Credit Cards

Update: Credit Limit Increase

Gornet — Sat, 20 Sep 2014 01:05:26 GMT

I made a thread earlier saying i was going to do a credit limit increase. My CL atm on my delta reserve is 4600$ so i requested 3x the amount (13800$) This is the letter i received

Dear [hidden],

Thank you for your recent request for a credit limit increase. We're writing to let you know we're unable to approve your request at this time for the following reason(s):

We cannot increase the credit limit of a Card within six months of increasing the credit limit on another American Express Card.

I thought you can request a CLI on another card as long as it was 90 days after a cli on another card?

I guess not. I shall try again in 3 months? Or should i wait longer?

Re: Update: Credit Limit Increase

CribDuchess — Sat, 20 Sep 2014 01:13:06 GMT

Sorry to hear you were denied, but it was probably because you were within the 6-month timeline from your last CLI. You need to wait until 6 months have passed since your last CLI request that was approved.

Re: Update: Credit Limit Increase

HiLine — Sat, 20 Sep 2014 01:14:42 GMT

@Gornet wrote:
I made a thread earlier saying i was going to do a credit limit increase. My CL atm on my delta reserve is 4600$ so i requested 3x the amount (13800$) This is the letter i received
Dear [hidden],
Thank you for your recent request for a credit limit increase. We're writing to let you know we're unable to approve your request at this time for the following reason(s):
We cannot increase the credit limit of a Card within six months of increasing the credit limit on another American Express Card.

I thought you can request a CLI on another card as long as it was 90 days after a cli on another card?
I guess not. I shall try again in 3 months? Or should i wait longer?

The 6 month's rule is correct. Wait for at least another 3 months, and make sure you keep your credit clean the whole time. Good luck on the next try!

Re: Update: Credit Limit Increase

Gornet — Sat, 20 Sep 2014 01:14:54 GMT

Yeah, for some odd reason i thought it was 90 days after my cli on another card... Sad. lol

Re: Update: Credit Limit Increase

CribDuchess — Sat, 20 Sep 2014 01:15:55 GMT

@Gornet wrote:
Yeah, for some odd reason i thought it was 90 days after my cli on another card... Sad. lol

The 90 days only applies if you had been denied on your last increase request.

Re: Update: Credit Limit Increase

Gornet — Sat, 20 Sep 2014 01:21:27 GMT

Ah, i see. XD

I will apply for the CLI around the same time i apply for a chase card, sometime in December.

This kind of ruined my day lol. Its okay, studying for my psych exam will make me happier (just kidding)

Re: Update: Credit Limit Increase

YikesOMG — Mon, 29 Dec 2014 14:19:41 GMT

Yes, I'm glad to have finally learned this...that AMEX will only do one credit limit increase for one card every 6 months.

Which blew my mind when the credit risk group guy told me this on the phone, as I scrolled through my documentation and was like "No, look, on March 3rd...oh wait, that one was rejected too." And then I realized the AMEX main line people just go ahead and do the request (I always just do them back to back on the same day, every 6 months, since my Chase cards just go through every time, I never noticed this pattern).

Re: Update: Credit Limit Increase

coldnmn — Mon, 29 Dec 2014 14:47:41 GMT

@YikesOMG wrote:
Yes, I'm glad to have finally learned this...that AMEX will only do one credit limit increase for one card every 6 months.

Which blew my mind when the credit risk group guy told me this on the phone, as I scrolled through my documentation and was like "No, look, on March 3rd...oh wait, that one was rejected too." And then I realized the AMEX main line people just go ahead and do the request (I always just do them back to back on the same day, every 6 months, since my Chase cards just go through every time, I never noticed this pattern).

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