topic Re: Question about Amex CC in Credit Cards

Question about Amex CC

Anonymous — Sun, 04 Nov 2018 06:45:59 GMT

Hi,

I have got few questions to ask:
Are all amex cards eligible for a credit line increase? What's the eligibility turn around time to request Cli? Mostly which card did you see whith high Sl? If I am not wrong charge cards has no limits...

Re: Question about Amex CC

Anonymous — Sun, 04 Nov 2018 07:05:57 GMT

@Anonymous wrote:
Hi,

I have got few questions to ask:
Are all amex cards eligible for a credit line increase?
Yes, all credit cards not charge obviously. Also all CLI are soft pulls, from what I've heard/experienced.
What's the eligibility turn around time to request Cli?
90 days from account opening. If approved, 180 day waiting period before you're eligible for another approval.
Mostly which card did you see whith high Sl?
Not sure, but my mom's Delta Gold card has a limit of $30,700 which is the highest I know in my family.
If I am not wrong charge cards has no limits...
There is an internal limit set by Amex, but there is no preset spending limit you'll see outright. They'll determine a cap on the charge cards based off your previous spending habits, history, income, etc. But there is no limit they'll tell you.

Re: Question about Amex CC

patoot10 — Sun, 04 Nov 2018 07:49:44 GMT

Only credit cards can request a CLI. Charge cards can't.

If this is your first Amex card you can request a CLI at day 61. If you have multiple Amex cards you can request a CLI at anytime and if approved you have to wait 181 days until the next request. If denied based on credit reasons you have to wait 91 days until next request.

By credit reasons I mean that they didn't deny you for not following their turn around guidelines but denied you due to "too many recent inquires" and that kind of stuff.

Re: Question about Amex CC

Anonymous — Sun, 04 Nov 2018 08:04:50 GMT

Yes, it will be my first Cc with Amex but I am not sure which one to app. Any suggestions? I waited almost a year now to app for some nice card, I am looking for something which will have a good SL...not really concerned from what lender or Any APR or AF...BTW I like ypur Captain America's card 😉

Thanks Pat

Re: Question about Amex CC

patoot10 — Sun, 04 Nov 2018 08:14:02 GMT

I don't think choosing a specific card will yield a higher SL.

I have 8 Amex accounts and each one of them offers something different. I am not sure if you are after cashback or points.

I won't think about the SL and would start comparing cards and evaluating signup bonuses.

I like my cap america card too

Re: Question about Amex CC

UncleB — Sun, 04 Nov 2018 08:33:32 GMT

Hi @Anonymous, your duplicate thread has been removed. Please avoid cross posting in the future; it's confusing to follow and is against the guidelines here.

--UB

Re: Question about Amex CC

Anonymous — Sun, 04 Nov 2018 08:34:57 GMT

My bad UncleB, will be more cautious next time 😊

Re: Question about Amex CC

CreditInspired — Sun, 04 Nov 2018 10:39:18 GMT

OP

A CC SL is based on one’s overall credit profile: scores, AAOA, income.

Re: Question about Amex CC

CreditInspired — Sun, 04 Nov 2018 10:40:13 GMT

+1 @patoot

Re: Question about Amex CC

Anonymous — Sun, 04 Nov 2018 11:00:06 GMT

I also have a question about Amex.
If you have 2 cashback cards with them(for example cash magnet and bce), do the cashback pool all together like mr points?

Sorry for using your thread OP. 😀

Re: Question about Amex CC

AverageJoesCredit — Sun, 04 Nov 2018 12:54:49 GMT

Guns, no, cashback doesnt pool. Different cards.

Re: Question about Amex CC

Anonymous — Tue, 06 Nov 2018 18:42:15 GMT

Hello

Not to sound too crazy, but what date do they count as your first day with a new card/acct? Is it the day you are apprvd, or as of the first day you activate? Thx

Re: Question about Amex CC

patoot10 — Tue, 06 Nov 2018 18:48:18 GMT

Neither.

Usually your account open date on Amex end for CLI purposes is a day after your approval. This is when your account is fully set up and reflecting in their system under your SSN.

With that being said they might offer your account number instantly upon approval or even report ot the bureaus that it was opened on the application day but this has been my experience.

Thanks,

Re: Question about Amex CC

Remedios — Tue, 06 Nov 2018 18:48:20 GMT

Approval day

Re: Question about Amex CC

simplynoir — Tue, 06 Nov 2018 18:58:38 GMT

@Remedios wrote:
Approval day

+1 You can even set up your online account right after being approved so there's no system waiting needed. The limit you see on there may be a temporary one til you receive and activate your new card though.

Re: Question about Amex CC

NRB525 — Tue, 06 Nov 2018 19:35:49 GMT

OP what is your list of current cards? When did you get each?

Unless your profile has a lot of credit history you are likely to get an initial CL of $1,000 or $2,000 from AMEX. This gets you a chance to show them your payment ability. Over time, SP CLI do become available so if you want to grow a CL, AMEX is the place to do that. No other CCC allows so much control over the CLI, with only SP, as AMEX.

Re: Question about Amex CC

HeavenOhio — Tue, 06 Nov 2018 19:42:08 GMT

@simplynoir wrote:
@Remedios wrote:
Approval day
+1 You can even set up your online account right after being approved so there's no system waiting needed. The limit you see on there may be a temporary one til you receive and activate your new card though.

You should make it a point to set this up right away. Then add your payment account. There are some payment restrictions during the first 30 days after your new payment account is added. Getting it set up and ready right away will cause the restrictions to be lifted well before your first due date.

Re: Question about Amex CC

Anonymous — Tue, 06 Nov 2018 20:15:15 GMT

Hi NRB, thanks for asking

I have 4 Cc & 1 Auto loan...average 5 inquiries all 3 bureaus
Citi Card 11k opened Dec 2015 every six months requested credit increase started with 4k
Citi card 4,500 opened Mar 2017 every six months requested credit increase started with 1,500
Chase freedom 5k opened in 2017
Chase saphire preffered 12k opened in Jan 2018
Auto loan on time payement so far

Last app was in Jan 2018 11 months ago and looking forward to get couple of new credit cards. I will BE spending about 40k / 50K in January / February so I am trying to figure out what cards to apply for that would give better SL. Pre q's gave venture and QS with cap one, Amex BCE, Green card, Cash magnet and Everyday on amex website. Citi Simplycity and Aadvantage platinum select world elite mastercard... I am looking for 0% intro. I will pay off the balance within the next 4 to 6 months. Here is my stats.

Credit score 760

No negative information

My credit report looks nice

After doing all the research I am thinking of first becoming a member for PenFed, app for Platinum Sig visa & PLOC (not eligible for NFCU). app Amex 2 for 1 and then maybe if needed cap venture (hate to see 3 inquires though by cap)...

Question is what cards to apply for and in what order. I will apply by the end of this month as I have some balances to clear by that time and i will update the outcome.

Thanks

Re: Question about Amex CC

NRB525 — Tue, 06 Nov 2018 20:37:41 GMT

Your file looks good for regular spend.

It seems to me like it will be a challenge to ramp up any lenders to the range of $40k-$50k spend, to take place in the window 60 days -120 days from now.

Given current limits, I think you may see a $2k starting limit on AMEX. That could be increased to $6k but still not going to cover you.

Even trying to use an AMEX charge card such as Gold may raise concerns if you are running charges through and paying often. It may not be an issue at all, but there have been reports of too much spend too soon raising concerns.

Are these business expenses? Are you paying them as they occur or intending to carry the amount with minimal payments until it all gets paid off in a lump?

Re: Question about Amex CC

Anonymous — Tue, 06 Nov 2018 20:42:37 GMT

Some for personal use and mostly for business.
Thought of doing spree which I never did before. I don't app for Cc's much, last application was like 11 months old 😫 what do you think which cards are the big cards that I maybe eligible for?

Thank you