topic Re: CLI from AMEX - How long will it last? in Credit Cards

CLI from AMEX - How long will it last?

avv7c0 — Mon, 16 Jan 2012 21:32:36 GMT

So... I was just poking around my AMEX account today, because I remembered that they had the CLI button on there a while back, but I couldn't use it because it had been less than 6 months since my last increase. I remembered what I had read here about requesting them to double your limit at each increase, so I asked for $9,000... current limit was $10,000. And they gave it to me. Wheeeeee!

Problem is, I rarely use my SkyMiles AMEX, except for the obvious Delta purchases, and things like COSTCO that don't take my CapOne Venture (Visa). I'm just curious as to how likely they are to cut this back if I don't put some serious purchases on there from time to time? Or maybe they don't care?

I only ask because I was one of many who saw their limits slashed during the credit crunch taking me from 40% util, to 99% util and plunging my score. Since that scarring, I don't let more than a 3% balance report across all of my cards, with that balance being held on my Venture card, since it's pretty much all we use in order to rack up the travel $$$.

Thoughts?

Re: CLI from AMEX - How long will it last?

LS2982 — Mon, 16 Jan 2012 21:34:59 GMT

@avv7c0 wrote:
So... I was just poking around my AMEX account today, because I remembered that they had the CLI button on there a while back, but I couldn't use it because it had been less than 6 months since my last increase. I remembered what I had read here about requesting them to double your limit at each increase, so I asked for $9,000... current limit was $10,000. And they gave it to me. Wheeeeee!

Problem is, I rarely use my SkyMiles AMEX, except for the obvious Delta purchases, and things like COSTCO that don't take my CapOne Venture (Visa). I'm just curious as to how likely they are to cut this back if I don't put some serious purchases on there from time to time? Or maybe they don't care?

I only ask because I was one of many who saw their limits slashed during the credit crunch taking me from 40% util, to 99% util and plunging my score. Since that scarring, I don't let more than a 3% balance report across all of my cards, with that balance being held on my Venture card, since it's pretty much all we use in order to rack up the travel $$$.

Thoughts?

As long as you take care of the card I don't see why they would take it away from you.

Re: CLI from AMEX - How long will it last?

RockinRay — Mon, 16 Jan 2012 21:43:53 GMT

@LS2982 wrote:
@avv7c0 wrote:
So... I was just poking around my AMEX account today, because I remembered that they had the CLI button on there a while back, but I couldn't use it because it had been less than 6 months since my last increase. I remembered what I had read here about requesting them to double your limit at each increase, so I asked for $9,000... current limit was $10,000. And they gave it to me. Wheeeeee!

Problem is, I rarely use my SkyMiles AMEX, except for the obvious Delta purchases, and things like COSTCO that don't take my CapOne Venture (Visa). I'm just curious as to how likely they are to cut this back if I don't put some serious purchases on there from time to time? Or maybe they don't care?

I only ask because I was one of many who saw their limits slashed during the credit crunch taking me from 40% util, to 99% util and plunging my score. Since that scarring, I don't let more than a 3% balance report across all of my cards, with that balance being held on my Venture card, since it's pretty much all we use in order to rack up the travel $$$.

Thoughts?
As long as you take care of the card I don't see why they would take it away from you.

+1 - take care of it and no worries at all. And, congrats on the CLI - nice!

Re: CLI from AMEX - How long will it last?

Anonymous — Mon, 16 Jan 2012 22:12:20 GMT

First off Congrats! So your new credit limit is $19,000? Regarding the CLI request...I thought we can request up to 3x the limit?

Re: CLI from AMEX - How long will it last?

CS800 — Mon, 16 Jan 2012 22:13:30 GMT

I don't think that AMEX is notorious for CLD. You treat them well ,they love you long time.

Re: CLI from AMEX - How long will it last?

avv7c0 — Mon, 16 Jan 2012 22:30:30 GMT

@Anonymous wrote:
First off Congrats! So your new credit limit is $19,000? Regarding the CLI request...I thought we can request up to 3x the limit?

Yes, $19,000 now. You very well may be correct on the 3x the limit. Back about 8-9 months ago, it seemed like people were having the most success with just under 2x, so that's why I did that. Guess I should have checked to see if the trends had changed, but oh well. It's pretty unlikely that I'll put that much on my card anyway, barring a major life emergency, so I'll be content with my $19,000 (plus my other cards) for another 6 months.

Re: CLI from AMEX - How long will it last?

Anonymous — Mon, 16 Jan 2012 22:33:54 GMT

@avv7c0 wrote:
@Anonymous wrote:
First off Congrats! So your new credit limit is $19,000? Regarding the CLI request...I thought we can request up to 3x the limit?

Yes, $19,000 now. You very well may be correct on the 3x the limit. Back about 8-9 months ago, it seemed like people were having the most success with just under 2x, so that's why I did that. Guess I should have checked to see if the trends had changed, but oh well. It's pretty unlikely that I'll put that much on my card anyway, barring a major life emergency, so I'll be content with my $19,000 (plus my other cards) for another 6 months.

Nice! I got approved for the Blue Sky 2 weeks ago for $9,100 and can't wait for 61 days to pass by for CLI. What is the income you stated on your application if you don't mind sharing?

Re: CLI from AMEX - How long will it last?

avv7c0 — Mon, 16 Jan 2012 22:51:16 GMT

133K

Re: CLI from AMEX - How long will it last?

Anonymous — Mon, 16 Jan 2012 22:53:38 GMT

Nice figure....now I am starting to wonder if i should request 3x the limit with 57k

Re: CLI from AMEX - How long will it last?

Anonymous — Mon, 16 Jan 2012 23:52:43 GMT

@Anonymous wrote:
Nice figure....now I am starting to wonder if i should request 3x the limit with 57k

good luck with that

Re: CLI from AMEX - How long will it last?

CS800 — Tue, 17 Jan 2012 00:07:52 GMT

@Anonymous wrote:

good luck with that

Where you hiding?

Re: CLI from AMEX - How long will it last?

Anonymous — Tue, 17 Jan 2012 00:17:36 GMT

@CS800 wrote:
@Anonymous wrote:

good luck with that
Where you hiding?

im keep my lip zipped

Re: CLI from AMEX - How long will it last?

CS800 — Tue, 17 Jan 2012 00:22:47 GMT

@Anonymous wrote:
@CS800 wrote:
@Anonymous wrote:

good luck with that
Where you hiding?
im keep my lip zipped

Ah you flying under the radar

Re: CLI from AMEX - How long will it last?

Anonymous — Tue, 17 Jan 2012 00:28:20 GMT

@CS800 wrote:
@Anonymous wrote:
@CS800 wrote:
@Anonymous wrote:

good luck with that
Where you hiding?
im keep my lip zipped
Ah you flying under the radar

the mad squad want to ban me,,, so yes,, i dont know how i could live without myfico fix

Re: CLI from AMEX - How long will it last?

CS800 — Tue, 17 Jan 2012 00:31:07 GMT

@Anonymous wrote:
@CS800 wrote:
@Anonymous wrote:
@CS800 wrote:
@Anonymous wrote:

good luck with that
Where you hiding?
im keep my lip zipped
Ah you flying under the radar

the mad squad want to ban me,,, so yes,, i dont know how i could live without myfico fix

Oh, sorry to hear.. Hopefully you stay with us , band of brothers

Re: CLI from AMEX - How long will it last?

vanillabean — Mon, 19 Mar 2012 01:46:16 GMT

Yes, you can request an increase of up to double your current limit, trippling your limit. I seem to recall however that Amex may run a review of you at times, if your total of Amex limits exceeds a certain percentage (50%?) of your annual income.

Nice EQ by the way. I know of only one besides you with an 817, and that's my DW.