topic Re: Which AmEx to cli? in Credit Cards

Which AmEx to cli?

jlpaca — Sat, 19 Sep 2015 12:47:56 GMT

I currently have the delta Amex at $19,500, 3x from $6,500. This was my first Amex revolver that I did a cli. I also have the blue for business that is at $3,000. I have not done a cli on this. Does anyone have an opinion or advice on which to cli next.

Re: Which AmEx to cli?

Anonymous — Sat, 19 Sep 2015 13:34:12 GMT

the lower one..

Re: Which AmEx to cli?

OmarGB9 — Sat, 19 Sep 2015 14:22:38 GMT

^+1

Re: Which AmEx to cli?

kdm31091 — Sat, 19 Sep 2015 14:38:59 GMT

Whichever one you will get more use out of with a higher limit.

Re: Which AmEx to cli?

jlpaca — Sat, 19 Sep 2015 14:45:10 GMT

I could max the delta at what I believe from reading is $25,000? The extra $5000 doesn't seem very significant. However building up the blue does. Maybe I answered my own question but seeing a $25,000 limit would be nice.

Re: Which AmEx to cli?

Open123 — Sat, 19 Sep 2015 15:35:15 GMT

@jlpaca wrote:
I could max the delta at what I believe from reading is $25,000? The extra $5000 doesn't seem very significant. However building up the blue does. Maybe I answered my own question but seeing a $25,000 limit would be nice.

I'd go with the lower one, in case you *may* use it in the future. However, if this is unlikely the case, then the Delta.

Re: Which AmEx to cli?

DeeBee78 — Sat, 19 Sep 2015 17:22:10 GMT

@jlpaca wrote:
I could max the delta at what I believe from reading is $25,000? The extra $5000 doesn't seem very significant. However building up the blue does. Maybe I answered my own question but seeing a $25,000 limit would be nice.

The card doesn't max out at $25k - that's just the threshold most people see with Amex before needing to provide a 4506-t so Amex can look at your tax returns. If you have the income to support it, you can request more than $25k. Fair warning though: At about $40k total exposure with Amex, you might have to go through a full financial review.

With the Amex 3x CLI, you'll get $500 more out of CLI'ing the Blue $3k card than you will out of the Delta.

Re: Which AmEx to cli?

Anonymous — Sat, 19 Sep 2015 17:48:13 GMT

i would just increase the higher one. then work or the lower limit card.

Re: Which AmEx to cli?

Anonymous — Sat, 19 Sep 2015 21:57:09 GMT

I believe the reallocation guidelines are donor card must be 13 months old and receiver card must be 60 days old. So if you do the lower one so you get slightly more if you're wanting to avoid going over $25k for the Delta, you could move some to the Delta at some point. Note: Only know the guidelines because I was misinformed by two chat agents before the third tried to do it for me from 6 month old card to brand new card, after telling me it's outside the guidelines, but she'd try.

Re: Which AmEx to cli?

Anonymous — Sat, 19 Sep 2015 23:09:28 GMT

i would rather have one card at $9k and one at $19,500 vs one at $25k and one at $3k

Re: Which AmEx to cli?

red259 — Sun, 20 Sep 2015 00:54:53 GMT

I'd go for the CLi on the business card since that is pretty low and you have a better chance at the 3x increase. The only exception is if you are planning on closing that card in the near future or if you are using the other card much more and keep coming up against the current limit.

Re: Which AmEx to cli?

jlpaca — Sun, 20 Sep 2015 18:33:44 GMT

I think im going to go for the Blue CLI. I would like to build up business credit since all I have is an Ink card at $5k, so maybe this will help.