topic Re: AMEX CLI question in Credit Cards

AMEX CLI question

Anonymous — Sat, 23 May 2015 01:06:06 GMT

My dad has had an Amex card for the 15 years +, never been late with scores in the 730s. The credit line is at 2k and he owes about 800. I dont have any experience with american express, but have seen folks on the board talk about 3X CLI. Do you think its worth trying for a CLI? Has anyone been successful with such a high utilization? Also how is American Express with counter offers? I was thinking of him requesting 20k.

Re: AMEX CLI question

longtime_lurker — Sat, 23 May 2015 00:26:28 GMT

@Anonymous wrote:
My dad has had an Amex card for the 15 years +, never been late with scores in the 730s. The credit line is at 8k and he owes about 5k. I dont have any experience with american express, but have seen folks on the board talk about 3X CLI. Do you think its worth trying for a CLI? Has anyone been successful with such a high utilization? Also how is American Express with counter offers? I was thinking of him requesting 20k.

If he qualifies, they will instantly counter. Tell him to shoot for the full 3x.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 00:27:23 GMT

Of course it's worth it. It's a soft pull, and the worst that can happen is they say no.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 00:53:10 GMT

Just found out he has never gotten a credit line increase. Will share the results. Hope its instant.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:13:03 GMT

Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:14:24 GMT

@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!

Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?

Re: AMEX CLI question

Kostya1992 — Sat, 23 May 2015 01:14:39 GMT

Thats more than 3x, nice.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:18:29 GMT

@Anonymous wrote:
@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!
Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?

Yes, it was through the CLI link on the account page. He asked for 12k and they countered with 9.9K. He has had the card since 96..I am thinking of becoming an AU on the account. How will that help me? It will be my highest limit.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:21:53 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!
Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?
Yes, it was through the CLI link on the account page. He asked for 12k and they countered with 9.9K. He has had the card since 96..I am thinking of becoming an AU on the account. How will that help me? It will be my highest limit.

Thanks for the info. That's good to know that they're giving out more than 3X.

It will help you with your overall utilization. So if you carry some balances on your other cards your score won't get hit by too high of a utilization percentage.

Re: AMEX CLI question

securingourfuture — Sat, 23 May 2015 01:23:00 GMT

@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!

Congratulations! That is a nice increase!

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:31:29 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!
Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?
Yes, it was through the CLI link on the account page. He asked for 12k and they countered with 9.9K. He has had the card since 96..I am thinking of becoming an AU on the account. How will that help me? It will be my highest limit.
Thanks for the info. That's good to know that they're giving out more than 3X.

It will help you with your overall utilization. So if you carry some balances on your other cards your score won't get hit by too high of a utilization percentage.

Sounds like a win-win. Thanks!

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 01:34:19 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!
Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?
Yes, it was through the CLI link on the account page. He asked for 12k and they countered with 9.9K. He has had the card since 96..I am thinking of becoming an AU on the account. How will that help me? It will be my highest limit.
Thanks for the info. That's good to know that they're giving out more than 3X.

It will help you with your overall utilization. So if you carry some balances on your other cards your score won't get hit by too high of a utilization percentage.
Sounds like a win-win. Thanks!

Yes it is :-)

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 02:39:21 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Yay!!! Dad's new CL is now at $9,900 from $2,100. You guys are awesome!!!!!!!!!!!!!!!
Congrats. He was able to get more than 3X? Did he do it via the CLI link on the account page?
Yes, it was through the CLI link on the account page. He asked for 12k and they countered with 9.9K. He has had the card since 96..I am thinking of becoming an AU on the account. How will that help me? It will be my highest limit.
Thanks for the info. That's good to know that they're giving out more than 3X.

It will help you with your overall utilization. So if you carry some balances on your other cards your score won't get hit by too high of a utilization percentage.
Sounds like a win-win. Thanks!
Yes it is :-)

Whats the best time to get added as an AU? Now or should i wait a week?

Re: AMEX CLI question

newhis — Sat, 23 May 2015 04:24:33 GMT

@Anonymous wrote:
Whats the best time to get added as an AU? Now or should i wait a week?

The best time is always yesterday

Congrats on the increase. Nice util change from over 30% to lower than 10%. I hope it stays that way and that will help you. Remember that there is no piggyback with Amex AU, it will report as a new tradeline lowering your AAoA, but I think it will help you more with your util and having higher limits reported.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 10:24:10 GMT

Newhis- thank you. I was hoping to take advantage of the AAoA. Can't afford to lower my AAoA😞 currently, I'm at 5 years.. What cards can I piggyback off? Walmart?

Re: AMEX CLI question

newhis — Sat, 23 May 2015 14:08:07 GMT

@Anonymous wrote:
Newhis- thank you. I was hoping to take advantage of the AAoA. Can't afford to lower my AAoA😞 currently, I'm at 5 years.. What cards can I piggyback off? Walmart?

I read that most of the cards that report AUs put the open card date instead of the date you were added as AU.

Amex is different because they give a new card number to each AU, that's why they report the open date as the date the AU is added.

I'm no AAoA expert to know how many points that will increase or decrease your score. You can be added to an Amex, see the results with your score, if you don't like it, then ask to be removed as AU in a couple of months and dispute the TL to the bureaus. I think the benefit of having an Amex (even as AU) in your case is worth it but I'm not 100% sure. In 6-12 months you can get your own Amex with a good SL. Good luck.

Re: AMEX CLI question

Anonymous — Sat, 23 May 2015 16:53:12 GMT

if you're put as an AU and thats your highest limit, when your other card companies see it on your report will they start raising their limits as well? to try to match..?