topic Re: Amex BCE double credit limit offer, should I take? in Credit Cards

Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 09:05:01 GMT

Got a mail from Amex which asked me if I want to double my credit limit by June **. I am qualified for this offer. It requires to report my annual income and so on, but didn't mention if a hard pull will happen. The big problem is that with this increase of credit limit, my total CL will be very close to my annual income. Should I take this offer or not?

Re: Amex BCE double credit limit offer, should I take?

Appleman — Sat, 21 May 2016 20:45:15 GMT

Any time a credit issuer increases credit they have to ask for annual income. Part of the law now to ensure that you have the income to support the issued credit.

It certainly sounds like a legit offer, have you read the AMEX 3X CLI guide? And I understand your thought on the new CL being neat your annual income.

Good luck and let us know how things work out.

Re: Amex BCE double credit limit offer, should I take?

9CLINE — Sat, 21 May 2016 16:58:52 GMT

They usually ask that info for cli on site @ least last yr. when I did one they did, so that isn't unreal to ask..
I think u should take offer or go to site and do cli for yourself if u are more comfortable w/ that

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 17:22:28 GMT

@Anonymous wrote:
Got a mail from Amex which asked me if I want to double my credit limit by June **. I am qualified for this offer. It requires to report my annual income and so on, but didn't mention if a hard pull will happen. The big problem is that with this increase of credit limit, my total CL will be very close to my annual income. Should I take this offer or not?

There are many people here who have total credit lines that are multiples of their annual income.

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 22:39:47 GMT

@Anonymous wrote:

There are many people here who have total credit lines that are multiples of their annual income.

Good observe. Let me try and report back

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 23:29:56 GMT

I asked a CSR, and she knows nothing about the offer, and gave me a number to call in. When I called in, it has been after business hours. So, I just go ahead and requested the CLI online, and got this:

Great news, XXXXXX!
YOUR REQUEST HAS BEEN APPROVED.
Your credit limit on your account ending in ***** has been increased to $*****
and will be ready to use within 15 minutes.

Although it's not a 3X CLI, I am satisfied with the 2X CLI offer. I guess my next card app will blow my annual income. We will see Thank you guys here for the prompt support.

Re: Amex BCE double credit limit offer, should I take?

noobody — Sat, 21 May 2016 23:33:54 GMT

if your current credit line satisfy your needs, I would hold CLI, thus leave some room for future application and 25K/35K mile stone.
especially with Amex since CLI is so easy to come by.

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 23:40:42 GMT

@Anonymous wrote:
I asked a CSR, and she knows nothing about the offer, and gave me a number to call in. When I called in, it has been after business hours. So, I just go ahead and requested the CLI online, and got this:
Great news, XXXXXX!
YOUR REQUEST HAS BEEN APPROVED.
Your credit limit on your account ending in ***** has been increased to $*****
and will be ready to use within 15 minutes.
Although it's not a 3X CLI, I am satisfied with the 2X CLI offer. I guess my next card app will blow my annual income. We will see Thank you guys here for the prompt support.

What kind of credit limit is $*****?

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sat, 21 May 2016 23:53:39 GMT

6000.

@Anonymous wrote:

What kind of credit limit is $*****?

Re: Amex BCE double credit limit offer, should I take?

Anonymous — Sun, 22 May 2016 20:33:47 GMT

@Anonymous wrote:
I asked a CSR, and she knows nothing about the offer, and gave me a number to call in. When I called in, it has been after business hours. So, I just go ahead and requested the CLI online, and got this:
Great news, XXXXXX!
YOUR REQUEST HAS BEEN APPROVED.
Your credit limit on your account ending in ***** has been increased to $*****
and will be ready to use within 15 minutes.
Although it's not a 3X CLI, I am satisfied with the 2X CLI offer. I guess my next card app will blow my annual income. We will see Thank you guys here for the prompt support.

Congrats!!!