topic Re: AMEX CLI in Credit Cards

AMEX CLI

Anonymous — Wed, 02 Nov 2011 22:54:07 GMT

On August 15, 2011 I requested a CLI from $2k to $4k (though I think the CSR thought I was asking for a $4k increase, and not an increase to $4k) and was denied. I had planned on re-requesting exactly 60 days from the denial, but I forgot and am only remembering about it now.

Do you all think it's worth a shot now or do I have to wait 6 months from the date of the most recent denial (8/15/11)?

Re: AMEX CLI

Anonymous — Wed, 02 Nov 2011 23:49:58 GMT

I believe you have to wait 90 days after a denial, but 6 months after a CLI to request another.

Re: AMEX CLI

Anonymous — Thu, 03 Nov 2011 01:43:32 GMT

@Anonymous wrote:
I believe you have to wait 90 days after a denial, but 6 months after a CLI to request another.

Ok thanks. I've read 30, 60, and 90 days here (after a denial) but haven't really gotten a definitive answer.

Re: AMEX CLI

joestay — Thu, 03 Nov 2011 03:20:24 GMT

I was denied a credit limit increase because I was about 3 days away from exactly 6 month from my last credit limit increase. then, when the 3 day passed and I actually hit the 6 month mark, I ask for a cli again and was granted.

Re: AMEX CLI

tntexans72 — Thu, 10 Nov 2011 20:16:16 GMT

Have anyone had success in requesting a CLI after 61 days and than another one before the 6 months date? or the rule of thumb is to ask for your 1st CLI after 60 days than wait another 6 months to request a CLI. Reason I ask is because I received a CLI after 60 days but I want to request another increase before the 6 months to help out my UTIL % and increase my CL. Don't know if this is a good thing or a bad thing in OP eyes but my goal is to avoid apping for a 2nd Amex card to take another hard hit and just work on getting more credit cause Amex do soft pulls for CLI. My EX plus score is 747 (not fico) and I am wondering if Amex will approve the increase or will their system just declined me base on their policy.

Anyone with some infor.....thanks in advance!

Re: AMEX CLI

Anonymous — Thu, 10 Nov 2011 21:09:34 GMT

how do you find out if its been 61 days? Can you call and ask

Re: AMEX CLI

tntexans72 — Thu, 10 Nov 2011 21:21:51 GMT

@aleicgrant wrote:
how do you find out if its been 61 days? Can you call and ask

To be sure....go by your activation date than count to 61 from there or wait til after the 2nd statement cut. To be sure, check your credit report and see what date you took a hard hit from Amex to the day you got the approval noticed by email or through their website.

Re: AMEX CLI

pastnow123 — Thu, 10 Nov 2011 21:45:50 GMT

@tntexans72 wrote:
@aleicgrant wrote:
how do you find out if its been 61 days? Can you call and ask

To be sure....go by your activation date than count to 61 from there or wait til after the 2nd statement cut. To be sure, check your credit report and see what date you took a hard hit from Amex to the day you got the approval noticed by email or through their website.

Do you recive a congratulation letter for CLI? I don't have AMEX cards so don't know for sure. If it has, believe that would be eaiser way than counting days.

Re: AMEX CLI

Walt_K — Thu, 10 Nov 2011 22:08:34 GMT

@tntexans72 wrote:
Have anyone had success in requesting a CLI after 61 days and than another one before the 6 months date? or the rule of thumb is to ask for your 1st CLI after 60 days than wait another 6 months to request a CLI. Reason I ask is because I received a CLI after 60 days but I want to request another increase before the 6 months to help out my UTIL % and increase my CL. Don't know if this is a good thing or a bad thing in OP eyes but my goal is to avoid apping for a 2nd Amex card to take another hard hit and just work on getting more credit cause Amex do soft pulls for CLI. My EX plus score is 747 (not fico) and I am wondering if Amex will approve the increase or will their system just declined me base on their policy.

Anyone with some infor.....thanks in advance!

I don't see why they would grant one in 4 months instead of six. The policy says six, but you could always call and ask. Let us know if you find out different.

Side note, are you using "OP" for other people? I was trying to figure out why you were saying that it might be a good or bad thing in the original poster's ("OP") eyes.

Re: AMEX CLI

Walt_K — Thu, 10 Nov 2011 22:10:31 GMT

@joestay wrote:
I was denied a credit limit increase because I was about 3 days away from exactly 6 month from my last credit limit increase. then, when the 3 day passed and I actually hit the 6 month mark, I ask for a cli again and was granted.

I think there might be a difference between a denial because you asked too early when you weren't eligible and a denial for other reasons. But not sure about that.

Re: AMEX CLI

Anonymous — Thu, 10 Nov 2011 22:40:18 GMT

So the general rule of thumb is 60 days after a denial, 6 months from most recent CLI, and 6 months from your activation date?

Re: AMEX CLI

Walt_K — Thu, 10 Nov 2011 23:16:43 GMT

@Anonymous wrote:
So the general rule of thumb is 60 days after a denial, 6 months from most recent CLI, and 6 months from your activation date?

I don't know about the denail. But you can get a CLI on a new account 60 days after activation. After that, it is once every 6 months. Also, the once every six months rule is for all accounts. So, I do not know if this scenario is possible (and maybe this bears on tntexans question above):

Say you requested a CLI 2 months ago and it was granted. Now you apply for a new account. Do you have to wait 4 months for the next CLI, or can you request a CLI on the new account within 60 days?

Re: AMEX CLI

tntexans72 — Fri, 11 Nov 2011 01:45:37 GMT

@Walt_K wrote:
@tntexans72 wrote:
Have anyone had success in requesting a CLI after 61 days and than another one before the 6 months date? or the rule of thumb is to ask for your 1st CLI after 60 days than wait another 6 months to request a CLI. Reason I ask is because I received a CLI after 60 days but I want to request another increase before the 6 months to help out my UTIL % and increase my CL. Don't know if this is a good thing or a bad thing in OP eyes but my goal is to avoid apping for a 2nd Amex card to take another hard hit and just work on getting more credit cause Amex do soft pulls for CLI. My EX plus score is 747 (not fico) and I am wondering if Amex will approve the increase or will their system just declined me base on their policy.

Anyone with some infor.....thanks in advance!
I don't see why they would grant one in 4 months instead of six. The policy says six, but you could always call and ask. Let us know if you find out different.

Side note, are you using "OP" for other people? I was trying to figure out why you were saying that it might be a good or bad thing in the original poster's ("OP") eyes.

The original question is...if I have an amex card, got my 1st increase after 60 days....can I request another increase 3-4 months after the 1st 60 days increased? of do I have to wait 6 months after my 1st increase?

I have the card for a total of 5 1/2 months now, got my 61 days increased.....I wanna ask for another one to bump up my CL...the worst thing Amex can do is say no but I don't want them to red flag my account by asking for a CLI twice within 6 months of having the card.

Re: AMEX CLI

Walt_K — Fri, 11 Nov 2011 02:01:39 GMT

@tntexans72 wrote:
@Walt_K wrote:
@tntexans72 wrote:
Have anyone had success in requesting a CLI after 61 days and than another one before the 6 months date? or the rule of thumb is to ask for your 1st CLI after 60 days than wait another 6 months to request a CLI. Reason I ask is because I received a CLI after 60 days but I want to request another increase before the 6 months to help out my UTIL % and increase my CL. Don't know if this is a good thing or a bad thing in OP eyes but my goal is to avoid apping for a 2nd Amex card to take another hard hit and just work on getting more credit cause Amex do soft pulls for CLI. My EX plus score is 747 (not fico) and I am wondering if Amex will approve the increase or will their system just declined me base on their policy.

Anyone with some infor.....thanks in advance!
I don't see why they would grant one in 4 months instead of six. The policy says six, but you could always call and ask. Let us know if you find out different.

Side note, are you using "OP" for other people? I was trying to figure out why you were saying that it might be a good or bad thing in the original poster's ("OP") eyes.

The original question is...if I have an amex card, got my 1st increase after 60 days....can I request another increase 3-4 months after the 1st 60 days increased? of do I have to wait 6 months after my 1st increase?

I have the card for a total of 5 1/2 months now, got my 61 days increased.....I wanna ask for another one to bump up my CL...the worst thing Amex can do is say no but I don't want them to red flag my account by asking for a CLI twice within 6 months of having the card.

Right. And I guess what I was trying to point out is that I don't see any ambiguity in the 6 month policy that would apply to your situation. So I don't see any reason why it wouldn't be 6 months. I could be wrong, though, so if you find out, please do update. Here's the language from Amex's site:

"We do not increase an account's credit limit during the first 60 days after it has been opened, or for at least 6 months from the last credit limit increase. After that time has passed, if you are still interested in applying for an increased credit limit, you can check to see if you are eligible to change your credit limit online by logging into your account and going to your Profile & Preferences or you can call the number on the back of your Card to speak with one of our customer care professionals."

What I couldn't remember was whether there was some ambiguity on the 60 day rule for a new account, but reading the above, it seems pretty clear. I'd think you'd have to wait 6 months in either scenario.

Re: AMEX CLI

Anonymous — Fri, 11 Nov 2011 02:10:17 GMT

@Walt_K wrote:
@Anonymous wrote:
So the general rule of thumb is 60 days after a denial, 6 months from most recent CLI, and 6 months from your activation date?

I don't know about the denail. But you can get a CLI on a new account 60 days after activation. After that, it is once every 6 months. Also, the once every six months rule is for all accounts. So, I do not know if this scenario is possible (and maybe this bears on tntexans question above):

Say you requested a CLI 2 months ago and it was granted. Now you apply for a new account. Do you have to wait 4 months for the next CLI, or can you request a CLI on the new account within 60 days?

If I had to guess, I would say 60 days on the new account, then 6 months after that for the next one.

Thanks for the info about 60 days/6 months.

Re: AMEX CLI

tntexans72 — Fri, 11 Nov 2011 02:23:21 GMT

Thanks all for your respond.......

Re: AMEX CLI

redwalker2929 — Fri, 11 Nov 2011 03:09:46 GMT

I would wait until the account has been open 6 months and then 6 months later! Don't push it and make sure you are putting a decent amount through the card!!

Good luck

Re: AMEX CLI

Anonymous — Fri, 11 Nov 2011 04:59:11 GMT

From Opening of New Account: 61 days

From Last Successful CLI: 6 months

From Last Denial: 90 days <--- This one is confirmed by a conversation I had with AMEX's credit department.

Re: AMEX CLI

UFGuy2006 — Fri, 11 Nov 2011 12:43:46 GMT

@Anonymous wrote:
From Opening of New Account: 61 days
From Last Successful CLI: 6 months
From Last Denial: 90 days <--- This one is confirmed by a conversation I had with AMEX's credit department.

Agreed from my experiences.

Re: AMEX CLI

Anonymous — Fri, 11 Nov 2011 12:47:39 GMT

My next closing date is November 13 which would mean my second statement will drop. Have run about 4k through the card and both months were PIF.

So we shall see soon.

If I got a 2k line, should I ask for 6k or 4k

I think someone said 3x time your current line