topic Re: Amex EDP in Credit Cards

Amex EDP

Jaylima91 — Fri, 01 May 2015 02:17:05 GMT

So because of my limited credit history and my overall history with Amex I was approved for the EDP with a $1k CL. A whopping $1k!!! WTH!!! What should I do since that's just too little for me to use? Should I be patient and just wait? But I would hate to wait for the 3x CLI since that would increase it to a whopping $3k! What would you guys recommend?

Re: Amex EDP

EddieK — Fri, 01 May 2015 02:18:13 GMT

I'd do the 3X CLI at activation.

Re: Amex EDP

Jaylima91 — Fri, 01 May 2015 02:19:16 GMT

This would be my first credit card product with Amex since I only have charge cards. I'm able to request a CLI immediately after activation?

Re: Amex EDP

EddieK — Fri, 01 May 2015 02:22:35 GMT

Yes, you most surely can. The 61 day rule is no longer.

Re: Amex EDP

selena — Fri, 01 May 2015 02:25:48 GMT

I'm not sure if you can call and ask but I believe the account still has to be open for a certain amount of time before you can request an increase.

Sorry this is an edit just saw the other response. I say go for it since there is no waiting period.

Re: Amex EDP

Jaylima91 — Fri, 01 May 2015 02:30:44 GMT

What are the success rates of calling after activation and successfully receiving a CLI? Of course YMMV I know

Re: Amex EDP

EddieK — Fri, 01 May 2015 02:33:41 GMT

@Jaylima91 wrote:
What are the success rates of calling after activation and successfully receiving a CLI? Of course YMMV I know

Most likely the same if you waited 61 days.

Re: Amex EDP

Anonymous — Fri, 01 May 2015 02:35:28 GMT

@Jaylima91 wrote:
What are the success rates of calling after activation and successfully receiving a CLI? Of course YMMV I know

It depends on lumtiple factors. The OP should be able to get it done seeing as there are already trade lines with Amex open. I was able to do it when I got approved for the BCE card, already had the Everyday Card. There are numerous people that do get approved at activation for the 3x CL. Had the Charge Cards not been open already I would say don't try it, only because Amex gave a low starting limit. That's just my opinion though.

Re: Amex EDP

CreditPacMan — Fri, 01 May 2015 03:09:36 GMT

I've had the BCE for 3 years and I'm still at $1k. They denied all my repeated requests for CLI.

Re: Amex EDP

Jaylima91 — Fri, 01 May 2015 22:48:11 GMT

What department should I contact for this CLI after activation?

Re: Amex EDP

taxi818 — Fri, 01 May 2015 23:52:23 GMT

@Jaylima91 wrote:
What department should I contact for this CLI after activation?

No department. simply log in. go to profile. credit management. and hit the credit line increase.

It will ask you your income and assets. it will ask you what do you want the limit to be. remember. do not go more than 3 times as it will be auto denied. then see what they say. 7-10 day message or approved. if approved. then you must wait 6 months for next increase. if declined. you cannot ask again for 90 days. just that easy. only takes a couple of minutes. Good luck.

Re: Amex EDP

Anonymous — Sat, 02 May 2015 02:54:09 GMT

Go for it right after activation. Hit the CLI button and let us know! I did just that in March and was granted a CLI from $10k to $25k.

Re: Amex EDP

NRB525 — Sat, 02 May 2015 04:48:55 GMT

@Jaylima91 wrote:
So because of my limited credit history and my overall history with Amex I was approved for the EDP with a $1k CL. A whopping $1k!!! WTH!!! What should I do since that's just too little for me to use? Should I be patient and just wait? But I would hate to wait for the 3x CLI since that would increase it to a whopping $3k! What would you guys recommend?

Why do you think it's too little? AMEX is giving you a credit card, which you can use right up to $990 then PIF to show responsible usage. The idea is to use it 30x per month to max the MR points, so, time to get swiping

After usage and showing them your payment ability for several months, the CLI will arrive.

While the 61 day rule is indeed not cast in stone, it is also not guaranteed that one can get a CLI immediately. Mileage varies.

Re: Amex EDP

Jaylima91 — Sat, 02 May 2015 08:52:22 GMT

The thing is I'm not overly concerned with the 30 swipes per month rewards, I am interested in the 15 month 0% apr. I make big purchases a lot and $1k is too little. I agree with the fact that I have to show responsible use so I guess we will see what happens

Re: Amex EDP

Jaylima91 — Sat, 02 May 2015 13:18:35 GMT

Here's a question for you guys. Let's say I stick with the whopping $1k CL for about 61 days (I know that the 61 day CLI isn't available anymore) would you say they will increase it more than 3x the amount or do they only increase by 3x at a time?

Re: Amex EDP

Jaylima91 — Sat, 02 May 2015 13:22:54 GMT

I'm just being impatient since almost all of other CC are well over $10k CL each. So I'm used to having a lot of flexibility. So when I was approved for the EDP with $1k CL. Well... Disappointing to say the least.

Re: Amex EDP

taxi818 — Sat, 02 May 2015 13:23:49 GMT

They will never go more than 3 times. Even you wait 5 years.

Re: Amex EDP

taxi818 — Sat, 02 May 2015 13:24:34 GMT

3 times as soon as allowed. Wait 6 months. Then 3 times again.

Re: Amex EDP

Jaylima91 — Sat, 02 May 2015 13:28:53 GMT

Understood. Thanks Taxi

Re: Amex EDP

taxi818 — Sat, 02 May 2015 14:04:54 GMT

No problem. Bottom line. In little over a year. You can go from 1k to 25k. First increase. 61 days. 2nd increase 6 months later. And 6 months after that. You at 25k.