topic Re: How is the 61 day AMEX time period calculated? in Credit Cards

How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 00:13:32 GMT

I was approved for my credit cards around September 2nd/3rd.

Yesterday I tried to apply for the 61 day credit limit increase and was told that I wasnt eligible for one in 60 days.

Do they start the clock from time of approval or activation?

Also, do I have to wait 3 months now to try again?

Re: How is the 61 day AMEX time period calculated?

distantarray — Mon, 05 Nov 2012 00:20:42 GMT

plz try to use the search function, this question gets asked every day or two, it's 61 days from approval date, but most people wait from the activation date. Regardless I wouldn't try at 61 just to be sure, and 63-64

Re: How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 00:22:12 GMT

I think it is from the day your account was opened. That could be the day you applied or the days after it.

Re: How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 00:29:27 GMT

@distantarray wrote:
plz try to use the search function, this question gets asked every day or two, it's 61 days from approval date, but most people wait from the activation date. Regardless I wouldn't try at 61 just to be sure, and 63-64

Sorry, I'm usually one of the first people to say "use the search function" as I too hate seeing the same question posted.

I did though, and I kept reading conflicting advice. Some people say its the date of activation, others say its the date of approval.

I think I'll try again in a week, and if not...then I'll try again at the end of the month.

Moderators, you can feel free to delete this thread if you have the time.

Re: How is the 61 day AMEX time period calculated?

youngandcreditwrthy — Mon, 05 Nov 2012 00:37:42 GMT

Lmao. Omg. Every time I see this question, someone answers it differently. When I asked it last, someone insisted it was date of activation. Haha whenever mine is about due in a month or so, I'm going to directly ask one of the CSRs or maybe even contact an Exec or Supervisor....and then tell you guys haha.
The op is asking prob bc everyone says s'thing different! Silly :-P

Btw, there's no minimum wait time for clis with Amex. I read a post here that proved as such. Someone was denied the 61 day cli but then tried a month later, and he got it.

:-)

Re: How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 00:44:20 GMT

You can apply anytime before the 61 day mark, just not a good shot at approval.

Re: How is the 61 day AMEX time period calculated?

Walt_K — Mon, 05 Nov 2012 00:57:29 GMT

@youngandcreditworthy What do you mean there's no minimum wait time. Of course there is. 61 days and then 6 months. But jumping the gun does not reset the clock. Is that what you meant?

Re: How is the 61 day AMEX time period calculated?

Walt_K — Mon, 05 Nov 2012 01:01:41 GMT

Actually, I don't know why I am so sure. Things are changing all the time, but I have not heard if people getting CLI before day 61 or more often than 6 months. Happy to be corrected.

Re: How is the 61 day AMEX time period calculated?

youngandcreditwrthy — Mon, 05 Nov 2012 01:05:50 GMT

No.. I mean if you get denied a cli, there's no min wait time to request a cli again.. So if you get a cli, yeah you have to wait. Lol I think it'd be silly to reequest/recieve one more often than that anyway. The fact that you can get an initial 3xcli at 61 days is amazingly shocking to me!! Haha :-)

Re: How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 02:30:35 GMT

I applied and was immediately denied.

I then chose to electronically recieve my letter from AMEX and it the reason it gave for the denying the CLI was:

"Our bank policy does not permit us to increase the line of credit on your account within sixty days since opening this account."

Re: How is the 61 day AMEX time period calculated?

Anonymous — Mon, 05 Nov 2012 02:32:01 GMT

@youngandcreditwrthy wrote:
No.. I mean if you get denied a cli, there's no min wait time to request a cli again.. So if you get a cli, yeah you have to wait. Lol I think it'd be silly to reequest/recieve one more often than that anyway. The fact that you can get an initial 3xcli at 61 days is amazingly shocking to me!! Haha :-)

Thanks...I will definitely be trying again in a week or so.

I'm too much of a safe player to go for the full 3X increase though....my goal is to just go from $3k to $5K so I can start getting signature cards with other banks.

Re: How is the 61 day AMEX time period calculated?

youngandcreditwrthy — Mon, 05 Nov 2012 03:39:31 GMT

Yw :-). 3xcli for me at 61 days would be $10.5k, but I only want $10k haha I might request $10,350 haha or $10,400.... Not a full 3xcli :-P

Re: How is the 61 day AMEX time period calculated?

distantarray — Mon, 05 Nov 2012 10:42:22 GMT

lol i'm not that greedy, and not like I really need the increase right now since I have over 50k revolving lines, I might ask for $5500 to $10,000

Re: How is the 61 day AMEX time period calculated?

youngandcreditwrthy — Mon, 05 Nov 2012 13:25:41 GMT

I'm not greedy.. I don't need it either... I'm just trying to build my credit....!! Having a large amount of unused credit is a huge plus for your FICO. If I had a $10k Amex, it's likely I'd never need to use another card ever!!