topic Re: Amex Blue Cash Everyday 3x CLI Max in Credit Cards

Amex Blue Cash Everyday 3x CLI Max

Anonymous — Mon, 03 Oct 2016 15:04:16 GMT

Hi everyone,

I know this questions has been answered alot, but I would like to revisit it because of how old the other articles are and the specific card I have.

My question is.... Soon I will be at my 60 day mark, I plan on applying for the 3x credit limit increase. So far I have charged 2800 the first month and 3300 the next month, and going on another 3000 this month. I have paid in full each statement cycle. Some are saying to request 30k, and some are saying to request only 24 so i dont push it and get denied. I also have a amex plat always paid ontime.

So finally my question is: What should I do here? How much should I apply for?

Thank you so much in advance!

Re: Amex Blue Cash Everyday 3x CLI Max

JustBPatient — Mon, 03 Oct 2016 16:27:21 GMT

If you are at 10k currently and income supports it, then yes you can ask for 30k. Worse they can say is no.

Re: Amex Blue Cash Everyday 3x CLI Max

Creditaddict — Mon, 03 Oct 2016 16:38:51 GMT

My friend was at $15k and just requested $30k last night instead of the full $45k and that was instant with no issues. There are many that have gotten over $35k and even $50k with no issues with Amex but I think they have been a cardmember for many years... I think you are more likely to run into a financial review if you are trying to go up over $35k in a matter of 61 days! But if your spending fits within your income and the credit line isn't crazy out of line from your credit profile I think the talk of FR at anything over $25k is just silly unbacked speculation.

Re: Amex Blue Cash Everyday 3x CLI Max

newhis — Mon, 03 Oct 2016 16:41:40 GMT

I read several posts saying that they requested X and they asked to supply some forms, then requested less until the request is approved without review. Good luck.

Re: Amex Blue Cash Everyday 3x CLI Max

NRB525 — Mon, 03 Oct 2016 19:01:26 GMT

OP, you left out what your current limit is, and how long you have had the Platinum.

Re: Amex Blue Cash Everyday 3x CLI Max

austinguy907 — Mon, 03 Oct 2016 19:33:47 GMT

@Creditaddict wrote:
My friend was at $15k and just requested $30k last night instead of the full $45k and that was instant with no issues. There are many that have gotten over $35k and even $50k with no issues with Amex but I think they have been a cardmember for many years... I think you are more likely to run into a financial review if you are trying to go up over $35k in a matter of 61 days! But if your spending fits within your income and the credit line isn't crazy out of line from your credit profile I think the talk of FR at anything over $25k is just silly unbacked speculation.

$30K isn't an issue out of the gate w/o POI. If you hit them up intially up to $34.5K you shouldn't see any POI aka 4506 request but, as we all know everyone is different with AMEX. I was instant approved for $30K at 90 days w/o POI and then at 181 days I went for $50K and got hit with the 4506 and went ahead and submitted it and got the $50K after they looked at it within 3-5 business days.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 01:57:08 GMT

50 CL on a CC.. shees.. just when you thought you saw everything.

IMO lower APR is more important to me than super high CL's ..(many of us carry SOME balance)
so the ones with a high CL don't need it usually..

Re: Amex Blue Cash Everyday 3x CLI Max

austinguy907 — Tue, 04 Oct 2016 02:10:57 GMT

@Anonymous wrote:
50 CL on a CC.. shees.. just when you thought you saw everything.

IMO lower APR is more important to me than super high CL's ..(many of us carry SOME balance)
so the ones with a high CL don't need it usually..

I prefer the security of having available limits if something were to come up. I also concentrate on lower APR's as well. I haven't pushed that line with AMEX or Discover yet because of the 0% period still existing on both of them through November. Once that's up I'll be hitting them on chat to lower that as well. I don't see them saying no to that either with the 80 point score increase since aquiring them. I have a couple in my arsenal though that are below 7% with 17K limits on them as well. While I won't even come close to using the full 50K or 30K or 17K for that matter it does allow me to use them up to 10% of the limit with freedom to do so without worrying about a 2K charge for say annual auto insurance premiums and having it report with a negative effect on my scores at the same time. I grew my collection of 10 cards conciously with the mindset of not going overboard with a ton of accounts that I don't/won't use. 2 of them happen to be store cards Sam's MC and Macy's Amex but the rest of them are CU or bank cards. None of them overlap with the same lender for diversification purposes to hedge against any AA that may occur resulting in multiple cards being shutdown as well.

When starting out / recovering with CC's if you have a plan before you pull the trigger on every app that sounds appealing or is the buzz of the moment on here you can have a well rounded goruping of plastic to use, lower mortgage rates, and higher scores over 800. Planning and learning about different aspects of credit management can be to your advantage rather than picking up the card of the week for its perks / discounts / prestige. It has paid off considerably in the last couple of years working on CLI's rather than accumulating more accounts to boost overall spending power. Also, with the low APR CU cards they also have the convenience of BT's without a BT fee and lower APR anyday and sometimes even offer something along the lines of 2.99% for 12-24 months depending on the card.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 03:59:38 GMT

@Anonymous wrote:
50 CL on a CC.. shees.. just when you thought you saw everything.

IMO lower APR is more important to me than super high CL's ..(many of us carry SOME balance)
so the ones with a high CL don't need it usually..

Many people here (especilly after combining cards) have limits over $50K

And you can certainly have a mixture of high CL and low APR cards (if they can't be the same card!) but really a matter of preference, as to whether you think you are more likely to need a big purchase or to have to carry a balance.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 07:57:28 GMT

If you're concerned that asking for more than 3X will have adverse action, then don't do it. Request 3X until youe feel more confident asking for more. Good luck!

Re: Amex Blue Cash Everyday 3x CLI Max

Creditaddict — Tue, 04 Oct 2016 13:02:10 GMT

You can't request more than 3x with Amex.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 13:10:35 GMT

50K in the bank > 50K CL.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 13:40:02 GMT

I personally didn't feel comfortable asking for 3X CLI so I only did $2000. It never hurts to try though, the worst thing they will do is deny it.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 16:38:30 GMT

@Anonymous wrote:
50K in the bank > 50K CL.

What does money in the bank or this have to do with anything in a CLI thread? I think that's stating the obvious; I'm sure one of the high rollers on this board that has $300k in credit lines would gladly trade those credit lines for $300k in cash. But you can't do that, so why discuss it.

Re: Amex Blue Cash Everyday 3x CLI Max

Anonymous — Tue, 04 Oct 2016 18:32:55 GMT

@Anonymous wrote:
@Anonymous wrote:
50K in the bank > 50K CL.
What does money in the bank or this have to do with anything in a CLI thread? I think that's stating the obvious; I'm sure one of the high rollers on this board that has $300k in credit lines would gladly trade those credit lines for $300k in cash. But you can't do that, so why discuss it.

Right. And I'm not greedy, I would trade 400K of my credit line for $200K in cash!