topic Re: 180 Day AmEx CLI with balance in Credit Cards

180 Day AmEx CLI with balance

MontegoMack — Mon, 16 Oct 2017 10:04:03 GMT

I've heard that AMEX "doesn't like customers carrying a balance" but that seems counter intuitive. Why offer a credit card and not appreciate carrying a blance? That being said, I'm due for my 180 3x CLI on the 10/18 (though technically 180 days is the 15th, but the AMEX rep told me that it's more like 6 calendar months not 180 days) and last month I carried a balance for the first time.

Do my chances of getting a 180 3x CLI diminish if I carry a balance?

Thanks in advance.

Re: 180 Day AmEx CLI with balance

Anonymous — Mon, 16 Oct 2017 10:27:05 GMT

What is your utilization on that card?

Re: 180 Day AmEx CLI with balance

MontegoMack — Mon, 16 Oct 2017 11:02:41 GMT

30%

I can pay it off before the request, but still want to know if it makes a difference in their decision making.

Re: 180 Day AmEx CLI with balance

AverageJoesCredit — Mon, 16 Oct 2017 12:21:45 GMT

Some may have more expert opinion but in my humble opinion if you've been paying on time and doing things right, if you are eligble , and they want to give it, than you can receive one balance or not. Id go for it , if you dont get it at least you know where you stand at the moment.

Re: 180 Day AmEx CLI with balance

Anonymous — Mon, 16 Oct 2017 12:58:33 GMT

The whole ‘American Express doesn’t like balances’ is one of the many myths about the company.

Re: 180 Day AmEx CLI with balance

Loquat — Mon, 16 Oct 2017 13:11:07 GMT

@Anonymous wrote:
The whole ‘American Express doesn’t like balances’ is one of the many myths about the company.

Re: 180 Day AmEx CLI with balance

K-in-Boston — Mon, 16 Oct 2017 13:23:45 GMT

+2 I carried huge balances with them for almost a decade; they like me just fine. I have been PIF on all of my Amex accounts for about 18 months now, though, since I have other cards where I wouldn't have to pay 10-16% interest. Having lower balances in general helps with CLIs, as it affects both the Experian FICO 08 score they use (which is a factor in their internal score) and your general risk level. People who pay in full every month present a lower risk for Amex, but that doesn't necessarily mean that anyone carrying a balance is "high risk."

Re: 180 Day AmEx CLI with balance

AllCredit — Mon, 16 Oct 2017 20:14:04 GMT

I've had a balance every time I requested...usually around 15-25% at time of request...both 3x CLI auto approved. Overall UTI around 7-13%

Re: 180 Day AmEx CLI with balance

Anonymous — Mon, 16 Oct 2017 20:34:53 GMT

I had about 50% util when I applied for my 60 day CLI and it was approved for the whole 3x

Re: 180 Day AmEx CLI with balance

Anonymous — Mon, 16 Oct 2017 20:48:24 GMT

That is not true at all. Someone here already got their first CLI with a balance on the card.

Re: 180 Day AmEx CLI with balance

Anonymous — Tue, 17 Oct 2017 02:24:15 GMT

I had balance too about 28% when I requested CLI on 70ish day and approved full 3x CLI.