topic Re: How far should I push AmEx on cli? in Credit Cards

How far should I push AmEx on cli?

tiger67 — Tue, 05 Apr 2011 17:18:29 GMT

I opened an AmEx Blue 10/09 (member since 88) started with $2,000 cl, increased to $ 6,000 4/10, increased to $12,000 10/10. Current util <3% on $180,250 revolving, AAoA 6.8y, 22.8y history, EQ 735, TU 763, EX ? (used to be close to TU), no EX inquiries last 12m, personal income $118,000, $145,000 HHI. I also have a green card and have run around $25,000 through the two cards the last 18 months (always PIF before the statements cut).

Six months have passed since my last request. How far should I push my luck with cli?

Re: How far should I push AmEx on cli?

Anonymous — Tue, 05 Apr 2011 17:20:40 GMT

$25k is the limit on automated decisions, so I'd just try that. It couldn't hurt.

Re: How far should I push AmEx on cli?

Creditaddict — Tue, 05 Apr 2011 19:15:51 GMT

@Anonymous wrote:
$25k is the limit on automated decisions, so I'd just try that. It couldn't hurt.

I was also going to say 25k

Re: How far should I push AmEx on cli?

tiger67 — Tue, 05 Apr 2011 23:57:50 GMT

That's more than I was thinking (or more than I have the nerve to ask for). I would like to avoid FR. Nothing to hide, just like my privacy. Was thinking $18,000. But who knows, maybe after a few shots I could get the nerve up to ask for more . My largest current line is $30,000 with PenFed.

Re: How far should I push AmEx on cli?

tsquad131 — Wed, 06 Apr 2011 03:41:48 GMT

it seems like you have enough credit, you would be pushing a FR with Amex

Re: How far should I push AmEx on cli?

cranston3 — Wed, 06 Apr 2011 04:14:57 GMT

If I was you I would go for a $50K limit. They will probably only increase by 300% your current limit but so be it.

You have a long history and a good salary...go for it. Sure you will get the old FR but so what? No big deal if you are telling them the truth.

Re: How far should I push AmEx on cli?

Anonymous — Wed, 06 Apr 2011 11:56:27 GMT

I think you guys are too afraid of the "dreaded AMEX FR." I think it's been blown out of proportion, but I could be wrong. I also think its more toward those new to credit or with iffy credit pasts.

Re: How far should I push AmEx on cli?

Anonymous — Wed, 06 Apr 2011 12:14:09 GMT

I've been curious about this too. I know the general rule is 3x your current limit, but asking for could raise an eyebrow or two. Also, do they ever auto CLI or is it most times customer generated?

Re: How far should I push AmEx on cli?

Anonymous — Wed, 06 Apr 2011 12:28:56 GMT

I have never witnessed an AMEX auto CLI with my own eyes. I'd say it's rare, but I can't be sure, because I never use my Blue Cash, so they'd have no reason to CLI me.

Re: How far should I push AmEx on cli?

Anonymous — Wed, 06 Apr 2011 12:32:30 GMT

@Anonymous wrote:
I have never witnessed an AMEX auto CLI with my own eyes. I'd say it's rare, but I can't be sure, because I never use my Blue Cash, so they'd have no reason to CLI me.

I cold apped for the Blue in February and was instantly approved with a 10K limit so I don't really want to push my luck with them. I don't need anything else in terms of credit. I'm in the advanced gardening phase and I'd like to grow my existing limits. If they would initiate, great.

Re: How far should I push AmEx on cli?

tiger67 — Sun, 17 Apr 2011 02:26:32 GMT

I chickened-out and only asked for $18,000. Instantly approved. I'll ask for $25,000 in Oct. No reason to really push too quickly. I don't need the extra credit, I just want to build several large lines so I can close a few others.

Re: How far should I push AmEx on cli?

score_building — Sun, 17 Apr 2011 07:17:15 GMT

IMO don't go beyond 23.5-24.5k on next request, if an aversion to F/R remains.

In any case, Congrats! going from 2-18k is v. nice work and in such a relatively short time period-impressive.

I think they like folks like OP who appear to fall into the sweet spot of their 'spendcentric' model.

Amex has been very good to me too overall. The one F/R they enacted a couple of years ago did not result in AA for me, and was rather painless except for the suspense of waiting a few days for acct to be unlocked.

However, during the midst of the credit crisis, was hit with a few CLD on Clear card...since then, limits have been restored+, even with additional amex products added as well.

Re: How far should I push AmEx on cli?

Anonymous — Sun, 17 Apr 2011 09:01:27 GMT

What do you mean by Cli? Cash liquid?

Re: How far should I push AmEx on cli?

score_building — Sun, 17 Apr 2011 09:07:32 GMT

@Anonymous wrote:
What do you mean by Cli? Cash liquid?

CLI = Credit limit increase

Re: How far should I push AmEx on cli?

MarineVietVet — Sun, 17 Apr 2011 21:26:36 GMT

@Anonymous wrote:
What do you mean by Cli? Cash liquid?

Hi Kadouboy and welcome to the forums.

Here is a list of Abbreviations used around here.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: How far should I push AmEx on cli?ank

Anonymous — Thu, 28 Apr 2011 07:48:11 GMT

Thanks for the link Marinevietvet. I appreciate it.