topic Re: Need help with Amex 3x cli in Credit Cards

Need help with Amex 3x cli

Anonymous — Sat, 02 Mar 2013 14:40:16 GMT

I opened my blue sky amex on Jan. 2 of this year and by my calculations, I am at 61 days tomorrow. (Correct me if I'm wrong) So here is my question.....all of my credit cards are reporting at 0.00 with the exception of 3 (Sams Discover, Discover, FNBO). I'm only worried about the balance showing on the Sams Discover because my limit is 2500.00 and when it last reported, my balance was at 1550.00. It was on a 0% interest for 18 months deal. I have paid it down to 900.00 and that new statement will report and cut around 3/8. Also, my new credit limit with Walmart for 2500.00 should show up in the next few days. Should I wait and ask for the increase next weekend when that Sam's balance comes down? I want to do it at the right time but I am not sure when that is.

Re: Need help with Amex 3x cli

LS2982 — Sat, 02 Mar 2013 14:42:07 GMT

I would wait for the CLI and new balance to report.

Re: Need help with Amex 3x cli

Anonymous — Sat, 02 Mar 2013 14:47:27 GMT

@LS2982 wrote:
I would wait for the CLI and new balance to report.

That's what I was thinking I should do. I think I read that Amex does not pull a fresh report when you ask for the increase right?

Re: Need help with Amex 3x cli

LS2982 — Sat, 02 Mar 2013 14:49:33 GMT

I believe they use whatever their recent SP was.

Re: Need help with Amex 3x cli

Swapmeet — Sat, 02 Mar 2013 15:11:38 GMT

Wouldn't March fourth be 61 days?

Re: Need help with Amex 3x cli

Anonymous — Sat, 02 Mar 2013 15:32:10 GMT

@Swapmeet wrote:
Wouldn't March fourth be 61 days?

Yep...your right it would be. I guess it don't matter now anyways since I have stuff waiting to report. I have the new Sams Discover balance to report and the Walmart new credit limit to report and when I started thinking about it. The new amazon credit limit just posted and also next week the cli from Old Navy and FNBO Amex will post. It's been a good couple of weeks for me.

Re: Need help with Amex 3x cli

OhioCPA — Sat, 02 Mar 2013 15:50:59 GMT

@LS2982 wrote:
I believe they use whatever their recent SP was.

I would wait until after they do a SP following the CLI and payment showing on your report.

Re: Need help with Amex 3x cli

SnackTrader — Sat, 02 Mar 2013 16:08:26 GMT

Amex still hasn't given me a second SP, and I'm at 68 days. The first SP was at 31 days - so you may be waiting a while for the next SP.

Re: Need help with Amex 3x cli

Sevenfeet — Sat, 02 Mar 2013 16:35:43 GMT

I would make it as nice and clean as possible with Amex before asking. Why risk it?

Re: Need help with Amex 3x cli

winner88 — Sat, 02 Mar 2013 20:20:14 GMT

If you opened your account Jan 2nd, tomorrow, March 3rd is 60th day ... february had 28days.

@Anonymous wrote:
I opened my blue sky amex on Jan. 2 of this year and by my calculations, I am at 61 days tomorrow. (Correct me if I'm wrong) So here is my question.....all of my credit cards are reporting at 0.00 with the exception of 3 (Sams Discover, Discover, FNBO). I'm only worried about the balance showing on the Sams Discover because my limit is 2500.00 and when it last reported, my balance was at 1550.00. It was on a 0% interest for 18 months deal. I have paid it down to 900.00 and that new statement will report and cut around 3/8. Also, my new credit limit with Walmart for 2500.00 should show up in the next few days. Should I wait and ask for the increase next weekend when that Sam's balance comes down? I want to do it at the right time but I am not sure when that is.

Re: Need help with Amex 3x cli

FinStar — Sat, 02 Mar 2013 23:20:14 GMT

@OhioCPA wrote:
@LS2982 wrote:
I believe they use whatever their recent SP was.
+1
I would wait until after they do a SP following the CLI and payment showing on your report.

While you may have to exercise some patience, it's best to be on the safe side. The "61 day rule" is simply a general guideline, but most folks here treat it like a race.