topic Re: AMEX CLI in Credit Cards

AMEX CLI

Credit_hawk — Fri, 09 Sep 2016 15:16:23 GMT

Hey guys,

Today is my 62nd day I think and I'm going for 3x CLI. Anything I need to know before I do it or just go in there and ask for $6k (they started me at $2k don't ask me why)? I used it a good bit the past two months and I let it cut at 80% utilization which obviously isn't hard to do with a low limit and then paid it right off. Hope everything goes well. I will post back either way.

Thanks

Re: AMEX CLI

JustBPatient — Fri, 09 Sep 2016 15:26:20 GMT

Just push the button!! Good luck!!

Re: AMEX CLI

glamchick — Fri, 09 Sep 2016 15:32:21 GMT

curios to know what happened???

I apply for mine 3x next month.

Thanks.

Re: AMEX CLI

Anonymous — Fri, 09 Sep 2016 16:38:17 GMT

@Credit_hawk wrote:
Hey guys,

Today is my 62nd day I think and I'm going for 3x CLI. Anything I need to know before I do it or just go in there and ask for $6k (they started me at $2k don't ask me why)? I used it a good bit the past two months and I let it cut at 80% utilization which obviously isn't hard to do with a low limit and then paid it right off. Hope everything goes well. I will post back either way.

Thanks

today was 61 day since account creation but 62 days since i applied for the card. I guess it's because of the time i applied? 3x worked. i made sure i paid off the balance the day before so im showing 0.00 balance right now. instantly approved for 6k.

another question.... is it possible to ask for more than 3? or is it 3 because it's "usually guaranteed"

Re: AMEX CLI

Anonymous — Fri, 09 Sep 2016 16:44:13 GMT

@Anonymous wrote:
@Credit_hawk wrote:
Hey guys,

Today is my 62nd day I think and I'm going for 3x CLI. Anything I need to know before I do it or just go in there and ask for $6k (they started me at $2k don't ask me why)? I used it a good bit the past two months and I let it cut at 80% utilization which obviously isn't hard to do with a low limit and then paid it right off. Hope everything goes well. I will post back either way.

Thanks
today was 61 day since account creation but 62 days since i applied for the card. I guess it's because of the time i applied? 3x worked. i made sure i paid off the balance the day before so im showing 0.00 balance right now. instantly approved for 6k.

another question.... is it possible to ask for more than 3? or is it 3 because it's "usually guaranteed"

They never give more than 3x for a customer initiated request (you can ask for more but they will counter). 3 is far from "usually guaranteed" but at lower CLs quite common

Re: AMEX CLI

Credit_hawk — Fri, 09 Sep 2016 17:24:12 GMT

Hey guys,

I just was able to log in and try it and it worked! Took less than a minute total and was approved for 3X CL--$6,000. Today was my 62nd day from application/instant approval. My EX FICO is 767.

Re: AMEX CLI

Anonymous — Fri, 09 Sep 2016 17:26:42 GMT

thats a question I have, but I guess you have answered it, is it 61 days from app or from activation of the card.

I hope to have 690 EX score by the time I ask for a CLI

Re: AMEX CLI

Credit_hawk — Fri, 09 Sep 2016 17:30:55 GMT

@Anonymous wrote:
thats a question I have, but I guess you have answered it, is it 61 days from app or from activation of the card.

I hope to have 690 EX score by the time I ask for a CLI

I'm glad I answered your question. I tried to put as much info in there as I could to help all who were coming up on their 61. I wasn't sure about what the first day was considered either so I hope I answered that for you

Re: AMEX CLI

JustBPatient — Fri, 09 Sep 2016 17:38:51 GMT

Congrats!!

Re: AMEX CLI

Anonymous — Fri, 18 Nov 2016 10:06:52 GMT

Today is Day 61, and I increased my income (I've picked up some new clients since I initially applied) just before applying for 3x cli. I requested $6k, up from $2k, and they countered with $4K. A bit disappointed, but I've opened several new accounts, including a new car loan, since initially getting the card. My FICO took the hits from applying for all that new credit, and hasn't quite rebounded, so I'm not surprised. Looking forward to six months from now, when the impact of those HPs isn't as great, and I can try again!

Re: AMEX CLI

909 — Fri, 18 Nov 2016 12:55:50 GMT

Great topic! I got my Amex BCP last January with a 10K CL, requested a CLI in May and it increased to $10K and just this morning requested an increase to $50K and it was approved! I'm quite surprised. I was not aware of the 3x increase. EX F8 is 791.

Should I request a 3x CLI in six months? In other words, what sort of CLs does AMEX provide?

Re: AMEX CLI

909 — Fri, 18 Nov 2016 13:00:05 GMT

Oops, I meant to say that in May my CL increased $10K to $20K (I can't find an edit button the phone).

Re: AMEX CLI

Anonymous — Fri, 18 Nov 2016 13:06:52 GMT

Yes, every 6 months you can request and receive a CLI from Amex. If you are now at $20k, you could likely request $34.5k from them 6 months from now and get it without IV. Anything > $34.5k typically requires IV, so that may be what you want your target number to be next go round.

Re: AMEX CLI

909 — Fri, 18 Nov 2016 13:20:24 GMT

Thanks. I had a $20K CL and requested a CLI of $50K and Amex approved $50K w/out income verification. I wonder how much they'll approve in 6 months?!

Re: AMEX CLI

Anonymous — Sat, 19 Nov 2016 02:11:13 GMT

Not saying it won't happen, but I doubt they'll go much over $50k unless you spend a ton a month on it.

Re: AMEX CLI

909 — Sat, 19 Nov 2016 05:58:23 GMT

^^^ That makes sense. Plus, I don't need any more credit.

Thanks for the perspective.

Re: AMEX CLI

austinguy907 — Sat, 19 Nov 2016 06:06:58 GMT

I think I saw somewhere that the highest they'll go is 100K. I'm not sure where I saw it or if I saw it but the number sticks out to me. $50K takes quite a bit even for a heavy spender with the resources and probably should be looking into some business lines as to not anger the credit gods at AMEX with co-mingling pers/biz expenses.

Re: AMEX CLI

Anonymous — Sat, 19 Nov 2016 08:48:20 GMT

@909 wrote:
Thanks. I had a $20K CL and requested a CLI of $50K and Amex approved $50K w/out income verification. I wonder how much they'll approve in 6 months?!

$50k without IV? Can't say I've heard of that before. I know a few people have reported getting past the supposed $35k threshold and hit $40k without IV, but I've never heard of someone grabbing $50k, especially going from a $20k jump.

Re: AMEX CLI

909 — Sat, 19 Nov 2016 14:56:34 GMT

They did ask for my income which I answered and it can back in 60 seconds with the approval. I have checked the app several times (I tend to be skeptical) to confirm and the CL is displayed at $50K. Maybe they'll change their mind, maybe I was in a sweet spot or maybe they're relaxing some rules?

My average spend over the last six months is $3300 so I don't think that qualifies as a big spender. Mostly gas, groceries, restaurants and some travel.

EX F8 = 791 (per myFICO and the AMex site)