topic Re: AMEX Request a Line Increase - It's Baaack! in Credit Cards

AMEX Request a Line Increase - It's Baaack!

jaysdad2k — Mon, 18 Jan 2010 19:22:02 GMT

The Amex "Request a Line Increase" button disappeared from my online account in mid-December until a couple of days ago.

It is now back under "Online Statement", "Recent Transactions" and also "Manage Your Account">"Credit and Balance Transfers">"Line of Credit">"Increase Your Line of Credit". If you hover over that last one, the "Helpful Information" explains the process.

I started in June 2008 with 2K and did the IVR phone option to 5K in November 2009 making sure to stay under the magic 3X. I might be able to increase it again, but I'm happy with this CL. I am curious to see when they renew my card this June if they give me an auto CLI.

As always, YMMV.

Message Edited by jaysdad2k on 01-18-2010 02:22 PM

Re: AMEX Request a Line Increase - It's Baaack!

Zar — Mon, 18 Jan 2010 21:06:48 GMT

It's back for me too! It dissapeared back in October. I requested an increase for my Blue over the phone in December 2009 from $4000 to $12000 (under 3x also) and it was instantly granted.

Zar

Re: AMEX Request a Line Increase - It's Baaack!

Anonymous — Mon, 18 Jan 2010 21:11:35 GMT

What does "magic 3x" mean?

Re: AMEX Request a Line Increase - It's Baaack!

Zar — Mon, 18 Jan 2010 21:14:22 GMT

Hello Sayre,

With Amex you can only request up to 3 times your current credit line without the need of showing documents (in theory).

Zar

Re: AMEX Request a Line Increase - It's Baaack!

Anonymous — Mon, 18 Jan 2010 21:37:11 GMT

Great... thanks for the explain.

Re: AMEX Request a Line Increase - It's Baaack!

DI — Tue, 19 Jan 2010 02:36:15 GMT

An AMEX CLI link hasn't appeared for me yet. When I requested a CLI a few months ago, I had to search for the link.

Re: AMEX Request a Line Increase - It's Baaack!

MidnightVoice — Tue, 19 Jan 2010 14:25:16 GMT

Not for me:

How can I apply for a line of credit increase for my American Express Card?

Because each Cardmember's situation is different, we will need to discuss this with you directly. If you would like to speak about increasing the line of credit on your account, please call the number on the back of your card

Message Edited by MidnightVoice on 01-19-2010 08:25 AM

Re: AMEX Request a Line Increase - It's Baaack!

Watchmann — Tue, 19 Jan 2010 15:32:08 GMT

The comings and goings of the 'Apply for a CL Increase' button is account dependent and is not a blanket action over all accounts. Some accounts always have the button, others will seldom, if ever, have the button. It depends on the specifics of the account although I suspect AMEX has tweaked their internal modeling and is being a bit more generous in offering increases now. As always, use the button with caution. Just because it is there does not mean you should ask for more CL. Always ask this question, 'Do I want to wake the god's of AMEX?'

Message Edited by Watchmann on 01-19-2010 09:32 AM

Re: AMEX Request a Line Increase - It's Baaack!

haulingthescoreup — Tue, 19 Jan 2010 19:02:19 GMT

I hit mine for x2 instead of x3 and got it. Who knows if I would have gotten the full amount? I figured it would be better to go for a smaller amount.

I like to claim that I'm flying under the radar, but actually, I'm chicken. And happily so, btw. I'll let others catch the attention of the big red eyeball from Mordor.

Re: AMEX Request a Line Increase - It's Baaack!

Anonymous — Tue, 19 Jan 2010 22:10:52 GMT

I've had the Costco True Earnings AMEX since 4/08 at 2k CL and I always PIF. I've had the LUV button for a while now but I'm honestly scared to try for fear that they'll notice me. I get my rewards check with my next statement, maybe I'll try it after I cash that check. That way, if the worst happens, they won't be able to keep it.

Re: AMEX Request a Line Increase - It's Baaack!

Creditaddict — Tue, 19 Jan 2010 22:15:58 GMT

is amex really doing anything bad anymore? I think it's moved on to Bank of America and Amex is back to old self, just don't carry balance for more than 3 months!

Re: AMEX Request a Line Increase - It's Baaack!

FocusOnFICO — Wed, 20 Jan 2010 01:53:04 GMT

Is it a soft pull if you request up to 2x your credit limit?

Thanks.

Re: AMEX Request a Line Increase - It's Baaack!

haulingthescoreup — Wed, 20 Jan 2010 02:17:16 GMT

The online button is a soft pull. The phone version is often a soft pull, but if you get too bold, I've read that they'll hard you.

Re: AMEX Request a Line Increase - It's Baaack!

Anonymous — Wed, 20 Jan 2010 05:25:29 GMT

@Anonymous wrote:
I've had the Costco True Earnings AMEX since 4/08 at 2k CL and I always PIF. I've had the LUV button for a while now but I'm honestly scared to try for fear that they'll notice me. I get my rewards check with my next statement, maybe I'll try it after I cash that check. That way, if the worst happens, they won't be able to keep it.

That sounds like a good approach. I have got the button now for a long time on my account page, but I never pressed it. I was hoping they would increase it by themselves at some point, but I guess that that hope will be eternally futile. March it is, then .

Re: AMEX Request a Line Increase - It's Baaack!

Anonymous — Wed, 20 Jan 2010 13:42:27 GMT

I still dont see mine anywhere, my CLI button been disappear since August 2009..Whatever AMEX?

Anyhoo, my Intro Rate 0% is expired on April 9, 2010 this year so I gotta pay of my balance and leave it ZERO until i get CLI from AMEX..

15months of 0% is about to come to an end and I'm gonna miss it =(..Anyways it was a good offer for newbie members..Thanks AMEX..