topic Re: 5 figure CLI Amex 61 days CLI? in Credit Cards

5 figure CLI Amex 61 days CLI?

distantarray — Thu, 08 Nov 2012 17:40:52 GMT

I was wondering if anyone had good luck with requesting a $5,000 credit limit or more and getting 3x increase without a financial review.

I see $1,000 credit cards getting $3,000 , but how about my $5,500 going to $16,500? =) it would still be lower than my Navy CL by $500 but how much would you ask for? loland how many successes with a high limit

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 17:57:40 GMT

It doesn't hurt to ask. They will counter if they want to offer you less. It seems like FRs being triggered via CLI occur when total credit exposure exceeds $35k.

Re: 5 figure CLI Amex 61 days CLI?

distantarray — Thu, 08 Nov 2012 18:01:43 GMT

I think I'll wait past 61 days cause I just charged $15,000 on my Navy LOL, cause I used the convient check to put down on a house LOL, since I needed extra $15,000 cash to put down on a house for a cash only offer =) once they see I charge $15,000 on my Navy and paid it off completely it should reflect very good , since my Navy interest rates are cheaper than most people's mortgages a few years ago it should be fun =)

I'll pay it off completely in about 3 months.

Re: 5 figure CLI Amex 61 days CLI?

DesertLife — Thu, 08 Nov 2012 18:02:34 GMT

@Anonymous wrote:
It doesn't hurt to ask. They will counter if they want to offer you less. It seems like FRs being triggered via CLI occur when total credit exposure exceeds $35k.

When you say total credit exposure, do you mean the CL for that one card exceeding $35k, or the total amount of credit you have among all banks (which is what I presume)?

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 18:05:43 GMT

@DesertLife wrote:
@Anonymous wrote:
It doesn't hurt to ask. They will counter if they want to offer you less. It seems like FRs being triggered via CLI occur when total credit exposure exceeds $35k.
When you say total credit exposure, do you mean the CL for that one card exceeding $35k, or the total amount of credit you have among all banks (which is what I presume)?

Total credit among AMEX. For example you have a BCP at 25k and an SPG at 7,500, requesting 3x on SPG may trigger FR.

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 18:06:44 GMT

[Deleted[

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 18:07:03 GMT

@distantarray wrote:
I think I'll wait past 61 days cause I just charged $15,000 on my Navy LOL, cause I used the convient check to put down on a house LOL, since I needed extra $15,000 cash to put down on a house for a cash only offer =) once they see I charge $15,000 on my Navy and paid it off completely it should reflect very good , since my Navy interest rates are cheaper than most people's mortgages a few years ago it should be fun =)

I'll pay it off completely in about 3 months.

Sounds like a good plan.

Re: 5 figure CLI Amex 61 days CLI?

distantarray — Thu, 08 Nov 2012 18:11:39 GMT

yea it should reflect good that I can manage a $15,000 balance fairly quickly, even at the time frame that keeps amex happy since they don't like people carrying large balances for past 3 months even on their credit cards.

Re: 5 figure CLI Amex 61 days CLI?

tray — Thu, 08 Nov 2012 18:22:02 GMT

@Anonymous wrote:
@DesertLife wrote:
@Anonymous wrote:
It doesn't hurt to ask. They will counter if they want to offer you less. It seems like FRs being triggered via CLI occur when total credit exposure exceeds $35k.
When you say total credit exposure, do you mean the CL for that one card exceeding $35k, or the total amount of credit you have among all banks (which is what I presume)?
Total credit among AMEX. For example you have a BCP at 25k and an SPG at 7,500, requesting 3x on SPG may trigger FR.

Do you know someone who was actually triggered for a fr, or is there a recent thread about this issue, reason why I am asking in a few days I am going to request a cli on my amex costco and i have a bcp cl of 22K, thanks for any information.

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 19:06:32 GMT

@tray wrote:
@Anonymous wrote:
@DesertLife wrote:
@Anonymous wrote:
It doesn't hurt to ask. They will counter if they want to offer you less. It seems like FRs being triggered via CLI occur when total credit exposure exceeds $35k.
When you say total credit exposure, do you mean the CL for that one card exceeding $35k, or the total amount of credit you have among all banks (which is what I presume)?
Total credit among AMEX. For example you have a BCP at 25k and an SPG at 7,500, requesting 3x on SPG may trigger FR.

Do you know someone who was actually triggered for a fr, or is there a recent thread about this issue, reason why I am asking in a few days I am going to request a cli on my amex costco and i have a bcp cl of 22K, thanks for any information.

It is all hearsay from various boards online. Your experience may vary. There is no set criteria for FR.

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 19:42:36 GMT

I had requested a CLI at my 61 day mark of $22,500 from $7,500 initial CL equalling a total CLI request of $15,000. Amex countered with a total credit line of $19,200 equalling a total CLI $11,700 from my initial CL. No FR, just pure Amex bliss!

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 19:48:08 GMT

Nice @ jd

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Thu, 08 Nov 2012 20:54:10 GMT

@Anonymous wrote:
I had requested a CLI at my 61 day mark of $22,500 from $7,500 initial CL equalling a total CLI request of $15,000. Amex countered with a total credit line of $19,200 equalling a total CLI $11,700 from my initial CL. No FR, just pure Amex bliss!

Such a random limit, they must have some crazy internal risk systems. I like my limits staying rounded. I'd be on the phone trying to get them to give me an $800 CLI to get up to the $20k mark. 19.2 just way to random..haha

Re: 5 figure CLI Amex 61 days CLI?

nagisa — Fri, 09 Nov 2012 00:47:40 GMT

@Anonymous wrote:
I had requested a CLI at my 61 day mark of $22,500 from $7,500 initial CL equalling a total CLI request of $15,000. Amex countered with a total credit line of $19,200 equalling a total CLI $11,700 from my initial CL. No FR, just pure Amex bliss!

I presume income changes how much CLI they are prepared to give. Do you mind sharing what your stated income was?

I got a fairly generous CL on my BCP given that my income is not that high, and I'm a little worried about asking for a 61 day CLI because then my CL-to-income ratio would be pretty high and they might sniff out a FR lol.

Re: 5 figure CLI Amex 61 days CLI?

Anonymous — Fri, 09 Nov 2012 01:11:01 GMT

Stated income was around 75k.

Re: 5 figure CLI Amex 61 days CLI?

nagisa — Fri, 09 Nov 2012 01:50:38 GMT

@Anonymous wrote:
Stated income was around 75k.

Hmmm. My income isn't as much as that which makes me a little uneasy about asking for a CLI.