topic AMEX 200%CL ALGORITHM??? in Credit Cards

AMEX 200%CL ALGORITHM???

Anonymous — Thu, 04 Mar 2021 06:00:40 GMT

Hey everyone...

My skymiles platinum has a training wheel Cl of $1700..and max APR..

I was chatting with a CSR one night and they mentioned something about a 200%CL ALGORITHM that their system has for CLI.

ANYONE know anything about it and how it works??

Re: AMEX 200%CL ALGORITHM???

Slabenstein — Thu, 04 Mar 2021 06:12:40 GMT

Browse through this thread for info on how Amex CLIs work: The Definitive Amex 3X CLI Guide. Basically, after your card has been open for 61 days Amex will entertain CLI requests of up to 3x your current limit.

Re: AMEX 200%CL ALGORITHM???

Anonymous — Thu, 04 Mar 2021 08:32:34 GMT

Thank you, yes i have read it..but i have seen people say it is hard to get out of the training wheel Cl's like 1k-2k..mine is $1700..should i build more of a history before trying.. Because if denied don't i have to wait like 91 to181 days to try again?

Re: AMEX 200%CL ALGORITHM???

Anonymous — Thu, 04 Mar 2021 08:34:42 GMT

And the 200% of current Cl use algorithm. Is without any request by me.. From what i understood.

Re: AMEX 200%CL ALGORITHM???

Ficoproblems247 — Thu, 04 Mar 2021 11:54:26 GMT

@Anonymous wrote:
Thank you, yes i have read it..but i have seen people say it is hard to get out of the training wheel Cl's like 1k-2k..mine is $1700..should i build more of a history before trying.. Because if denied don't i have to wait like 91 to181 days to try again?

With a $1,700 SL out of the gate, I doubt you would get an increase on day 61. People talk about it like it's common, but it actually ends up being a "no" far more often than a "yes." There is nothing wrong with asking at that point however, and it's always possible they give you an increase, just not likely. The dates you mention are accurate. If you ask them for a CLI and are denied, then you must wait 91 days until they will entertain another request. If you ask them for a CLI and are approved, you may request another increase after 181 days. How do your reports look? Do you have any COs/BK on them? AMEX can be skittish about certain things that are on your profile. A few late payments will probably not be the end of the world to them, but COs or a BK will likely put you on a short leash with them all the way until they fall off of your reports. They would probably even approve you for more cards with them, but they would all stay at low limits until your reports get cleaned up.

Re: AMEX 200%CL ALGORITHM???

Slabenstein — Thu, 04 Mar 2021 14:08:28 GMT

@Anonymous wrote:
Thank you, yes i have read it..but i have seen people say it is hard to get out of the training wheel Cl's like 1k-2k..mine is $1700..should i build more of a history before trying.. Because if denied don't i have to wait like 91 to181 days to try again?

As said above, you would need to wait 91 days if denied, but if your $1.7k SL indicates a marginal approval you will probably have to wait more than 61+91 days for an increase anyway. Imo, there'd be no real risk in asking, and if denied the denial reasons will give you an idea of what in your profile you can work on to help them warm up to you.

@Anonymous wrote:
And the 200% of current Cl use algorithm. Is without any request by me.. From what i understood

I can't speak to what an Amex CSR may or may not have meant, but Amex does do auto-CLI's. It's just that their cardholder-initiated CLI's are SP and can be extremely generous, so most ppl here don't wait for an auto-increase w/ them.

AMEX SKYMILES PLATINUM

Anonymous — Fri, 05 Mar 2021 03:52:45 GMT

Well i got my skymiles opened 2/17/21..and just received my 70k miles today and have it pif at 200% of my $1700 cl. Let's see how many miles i have when my statement end on the 19th...# rackingupmiles

Re: AMEX SKYMILES PLATINUM

AllZero — Fri, 05 Mar 2021 03:53:00 GMT

Congratulations on your approval!

Re: AMEX SKYMILES PLATINUM

JoeLuvsHisCredit — Fri, 05 Mar 2021 03:54:36 GMT

Congratulations

Re: AMEX SKYMILES PLATINUM

CreditAggie — Fri, 05 Mar 2021 03:56:50 GMT

Congratulations on your Amex approval!

Re: AMEX SKYMILES PLATINUM

M_Smart007 — Fri, 05 Mar 2021 04:01:58 GMT

Congratulations!

Re: AMEX SKYMILES PLATINUM

CreditMagic7 — Fri, 05 Mar 2021 04:12:25 GMT

Congratulations on your new Amex approval! Enjoy!

Re: AMEX SKYMILES PLATINUM

mrcraft — Fri, 05 Mar 2021 05:02:47 GMT

Congratulations!

Re: AMEX SKYMILES PLATINUM

Ficoproblems247 — Fri, 05 Mar 2021 12:08:18 GMT

I love the Delta cards. People go for them because they're easy AMEX targets, but it takes such little effort to overcome the AFs from the perks they carry, making them a valuable addition to your wallet when used to their tailored purpose. Congrats on your shiny new Delta Platinim, and have fun racking up those sky pesos!

Re: AMEX SKYMILES PLATINUM

Anonymous — Fri, 05 Mar 2021 12:50:23 GMT

Nice, way to grab that SUB!

Re: AMEX 200%CL ALGORITHM???

gdale6 — Fri, 05 Mar 2021 14:57:02 GMT

Hi there OP,

I have combined your two threads on this subject into the one here in the main CC forum. Please refrain from creating multi threads on the same subjects in multiple boards. It can lead to confusion by the members and is not inline with our TOS. I thank you for your understanding on this.