topic Re: Amex CLI - Still 61 days? in Credit Cards

Amex CLI - Still 61 days?

dapps06 — Sun, 23 Aug 2015 01:51:41 GMT

I did a quick search but couldn't find what I was looking for. I thought I read on here awhile ago that Amex did away with their 61 day waiting period for a CLI, is this true? I have a new account I was going to immediately hit the CLI button for but wanted to check here first.

Re: Amex CLI - Still 61 days?

Anonymous — Sun, 23 Aug 2015 02:32:30 GMT

What does CLI mean?

Re: Amex CLI - Still 61 days?

dapps06 — Sun, 23 Aug 2015 03:13:31 GMT

credit limit increase

Re: Amex CLI - Still 61 days?

kdm31091 — Sun, 23 Aug 2015 03:18:29 GMT

This question is asked a lot, so it's strange nothing came up on search, but...

They did away with the "61 day thing" awhile ago. You can ask at any point, and be approved or declined. If approved, 180 days is the waiting period for the next potential CLI. If declined, try again in 90 days.

Re: Amex CLI - Still 61 days?

dapps06 — Sun, 23 Aug 2015 03:21:27 GMT

Thanks, I admit it was a lazy search.

Re: Amex CLI - Still 61 days?

taxi818 — Sun, 23 Aug 2015 04:04:37 GMT

@kdm31091 wrote:
This question is asked a lot, so it's strange nothing came up on search, but...

They did away with the "61 day thing" awhile ago. You can ask at any point, and be approved or declined. If approved, 180 days is the waiting period for the next potential CLI. If declined, try again in 90 days.

Exact as Kdm stated. Although they did away with it. I would probably still wait if it was my first Amex.

Re: Amex CLI - Still 61 days?

red259 — Sun, 23 Aug 2015 04:09:49 GMT

@taxi818 wrote:
@kdm31091 wrote:
This question is asked a lot, so it's strange nothing came up on search, but...

They did away with the "61 day thing" awhile ago. You can ask at any point, and be approved or declined. If approved, 180 days is the waiting period for the next potential CLI. If declined, try again in 90 days.
Exact as Kdm stated. Although they did away with it. I would probably still wait if it was my first Amex.

+1 I think waiting with your first amex makes sense to increase the chance of success and also increase the amount you receive. Gives them a chance to see your spend and payment patterns.

Re: Amex CLI - Still 61 days?

dapps06 — Sun, 23 Aug 2015 06:07:52 GMT

I previously had another BCE and ED, I closed the accounts because they wouldn't increase my limits. My limits were 1k each card, the BCE account I opened tonight was 3.5k.

I'm only interested in asking for a CLI because I do so with every new account I open. I have to wait to get the card first because I need the code on the front, but I'm at least glad they gave me a decent starting limit compared to the limits they gave me before.

Re: Amex CLI - Still 61 days?

taxi818 — Sun, 23 Aug 2015 10:30:24 GMT

@dapps06 wrote:
I previously had another BCE and ED, I closed the accounts because they wouldn't increase my limits. My limits were 1k each card, the BCE account I opened tonight was 3.5k.

I'm only interested in asking for a CLI because I do so with every new account I open. I have to wait to get the card first because I need the code on the front, but I'm at least glad they gave me a decent starting limit compared to the limits they gave me before.

Congrats on the approval but something is to be said about age. if you had one before sorry you closed it. where would it be now? eventually higher than what you got. ive never closed an account because of limit. my walmart as sad as it sounds was actually $600 bucks and they would not raise it for 5 months. I was like . What the hell. finally i just put it in SD. after another 6 months of gathering dust. i called em. They raised it $200. im like Damn. $800 limit. This was 4 months ago. The Current limit is now $10k. so after just giving it time any card will grow is the point im conveying. Congrats again on the new bce. Don't close if they don't give you 10k.