topic Re: AMEX CLI in Credit Cards

AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:10:06 GMT

I cannot seem to get an CLI with these people am I doing something wrong?

Re: AMEX CLI

SpecFile — Tue, 13 Nov 2007 20:11:50 GMT

How long have you had the CC?

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:14:22 GMT

Just over 2 months with a crappy 1500 cl.

Re: AMEX CLI

kclb — Tue, 13 Nov 2007 20:15:57 GMT

@Anonymous wrote:
Just over 2 months with a crappy 1500 cl.

Hm. Have you been using it a lot? I'm waiting to get my AMEX this week.

Re: AMEX CLI

SpecFile — Tue, 13 Nov 2007 20:17:21 GMT

credit4me wrote:
Just over 2 months with a crappy 1500 cl.

What exactly are you doing for the CLI? Are you trying to request online or over the phone. My suggestion is to call and speak to a csr if you are unable to request online.

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:19:18 GMT

I use it pretty well... Maybe that's it they don't want you to use it? I hit the Luv button and got the 7-10 day message and I know what that means

Re: AMEX CLI

kclb — Tue, 13 Nov 2007 20:20:47 GMT

@Anonymous wrote:
I use it pretty well... Maybe that's it they don't want you to use it? I hit the Luv button and got the 7-10 day message and I know what that means

Hm. I hope I don't get the same situation as you. I plan to make that card a priority for all my purchases and payments.

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:21:00 GMT

Whoa Nelly. I am not sure why everyone thinks the moment they get an Amex we are entitled to such high limits. We need to be happy they are as generous as they are...

Amex likes to see consistent spending w/ equally consistent high payments. Additionally, they do soft pulls and check your other CC's- so my blunt question to you is

are all your other CC's in order?

what are your utils?

are they all under 10%?

are you maxed out?

do you have other CC's?

what was your history like before?

do you have open collections or recent BK?

Sorry for being so blunt...but give them time to get to know you and believe me, some people on this board would be very happy w/ 1500 limit.

All things come in due time...be patient w/ Amex and you will be rewarded.

Re: AMEX CLI

kclb — Tue, 13 Nov 2007 20:23:23 GMT

@Anonymous wrote:
Whoa Nelly. I am not sure why everyone thinks the moment they get an Amex we are entitled to such high limits. We need to be happy they are as generous as they are...
Amex likes to see consistent spending w/ equally consistent high payments. Additionally, they do soft pulls and check your other CC's- so my blunt question to you is
are all your other CC's in order?
what are your utils?
are they all under 10%?
are you maxed out?
do you have other CC's?
what was your history like before?
do you have open collections or recent BK?
Sorry for being so blunt...but give them time to get to know you and believe me, some people on this board would be very happy w/ 1500 limit.
All things come in due time...be patient w/ Amex and you will be rewarded.

Thank god I got rid of the debt amount on my other CCs. Maybe that also factored in to their decision of approving me. heh. I don't know how I will feel once I get the card. It's gonna be great once I be able to swipe it for the very first time! ha.

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:24:44 GMT

credit4me wrote:
Just over 2 months with a crappy 1500 cl.

Only two months?

Pul-ease. I think you are putting the apple cart waaaaaaaaaaayyyyyyyy before the horse.

My suggestions-

1. Be happy you are an Amex card holder.

2. Do like I said earlier. Consistent spending, w/ consistent high payments. NEVER make the minimum- I verified over the phone w/ a CSR they do not like minimum payments.

3. Give if four to six mos. Then app. for a CLI though the website- but I always like talking to them on the phone.

Re: AMEX CLI

kclb — Tue, 13 Nov 2007 20:27:06 GMT

My LOC for the Amex is 2k. The highest EVER that I received from any financial institution. I'm thinking that I may use 25-50 of the LOC for bills and purchases. I will probably use my other CCs but it won't be priority anymore. Hope Amex will love me long time! ha ha ha.

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:30:13 GMT

are all your other CC's in order? yes

what are your utils? 11% per my fico

are they all under 10%? no 1 is about 35%

are you maxed out? No

do you have other CC's? Yes-7

what was your history like before? 2 paid collections from a old phone bill

do you have open collections or recent BK No & No

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:46:20 GMT

credit4me wrote:
are all your other CC's in order? yes
what are your utils? 11% per my fico
are they all under 10%? no 1 is about 35%
are you maxed out? No
do you have other CC's? Yes-7
what was your history like before? 2 paid collections from a old phone bill
do you have open collections or recent BK No & No

IMHO- as an 2 Amex cardholders who was given very generous CLI's upon request after about 9 mos- 1yr do the following:

Get that one card under 10%

spend consistently and pay consistently in big payments

Give it at least four mos and then ask for 7,000.

You should get it just fine- don't be greedy, and unless there is something we or you don't know about by April/May next year you should be good to go.

Be patient. I love Amex.

Message Edited by netpanther on 11-13-2007 03:46 PM

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 20:48:44 GMT

Thanks!! I will do that...

Re: AMEX CLI

Anonymous — Tue, 13 Nov 2007 21:06:07 GMT

credit4me wrote:
Thanks!! I will do that...

No problem. You will get there- just give it some time. Also, you can make more than one payment a month thru their website- that's what I do for Disc, Amex and Chase Freedom to keep them under 10%.

Actually, as of right now I am paying them all off by Christmas as having balances does not sit well w/ me anymore- even if they are zero percent.

I've come to far to get sucked into oweing again.

Re: AMEX CLI

haulingthescoreup — Tue, 13 Nov 2007 21:47:24 GMT

@Anonymous wrote:
Actually, as of right now I am paying them all off by Christmas as having balances does not sit well w/ me anymore- even if they are zero percent.
I've come to far to get sucked into oweing again.

After my unwanted promotion into a new bucket, I decided to experiment and see what would happen if I PIF'd everything but the mortgage (duh), the larger student loan, and the HELOC. I chickened out though, because of something Timothy said about not letting them all be $0, and allowed $7.64 to post on the accursed Sears MC. This means that once Discover posts on the 18th, for my cards I will have 0.01462% util. And I really do have the decimals right.

Take that, TU! Take that, snobby new bucket peer group! I figure TU will go up 2 or 3, EX will go up 1, and EQ will drop 14.

Re: AMEX CLI

gNaRKiLL — Tue, 25 Dec 2007 21:06:12 GMT

Bringin this thread back. Hit the luv button today on day 31 of having my AMEX. This is what the CSR told me to do after I asked about it on activation. So after reading all the threads about people getting pretty good cli's I decided to shoot for $5000 from my $1000 limit. I have made about 6 payments on this card over the month and have used it alot. It has a 76 dollar balance on it right now only because I couldnt get a payment out fast enough but I really didnt think it mattered. I got the 7-10 day message....prolly a denial I bet. Ill call tomorrow and find out.

Re: AMEX CLI

Anonymous — Tue, 25 Dec 2007 23:14:19 GMT

I agree with Netpanther.

You have only had the card for 2 months. You need to establish the relationship with Amex. Use the card and PIF each month. Repeat. Repeat. Repeat.

Amex has always been generous with my credit limits. (I have a green, blue, and clear - the first one dates back to 1987) I have never requested a CLI....they just show up. They will do periodic soft inquiries to see if there are any major changes in your credit life. And, they will grant credit line increases without you asking.

Just my two cents.

Re: AMEX CLI

kclb — Wed, 26 Dec 2007 10:40:13 GMT

^_^

So far, I've been using between 10-20% usage from the 3k limit. ^_^ I want to try hit for 5k in 6 months...good shot? heh.

Too bad all places don't take Amex...I would've cxld my other credit cards. :x

Happy Holidays!

Re: AMEX CLI

haulingthescoreup — Wed, 26 Dec 2007 12:26:43 GMT

@kclb wrote:
^_^

So far, I've been using between 10-20% usage from the 3k limit. ^_^ I want to try hit for 5k in 6 months...good shot? heh.

Too bad all places don't take Amex...I would've cxld my other credit cards. :x

Happy Holidays!

Not to mess with your mind, but if you've got the money to cover it, you will do better with AmEx to put more than 10-20% on the card. They love to see you melt the plastic, as long as you PIF immediately. Once your online account is set up and running, you could use it for all your expenses that take AmEx and PIF weekly. That way you're sending several messages:
--I love my card!
--I can pay it off immediately!
--I need a higher credit limit!