topic Re: AMEX BCE - Initial Credit Line Recon in Credit Cards

AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 18:37:59 GMT

Hi Guys,

Today I got approved for my very own AMEX BCE!

However, my credit limit is only $3k and was wondering what I could do to possibly have it reconsidered to match my highest CL ($5K)

Any help would be greatly appreciated!

Re: AMEX BCE - Initial Credit Line Recon

Anonymous — Mon, 01 Jul 2013 18:40:28 GMT

@Bsong wrote:
Hi Guys,

Today I got approved for my very own AMEX BCE!
However, my credit limit is only $3k and was wondering what I could do to possibly have it reconsidered to match my highest CL ($5K)

Any help would be greatly appreciated!

just wait for 61days. This is probably going to be the easiest way out.

If you try to recon your CL right now, chances are they will ask you for your tax docs and possibly pull more inquiries. Too much trouble for what it's worth IMO.

Re: AMEX BCE - Initial Credit Line Recon

Petraeus — Mon, 01 Jul 2013 18:41:40 GMT

@Bsong wrote:
Hi Guys,

Today I got approved for my very own AMEX BCE!
However, my credit limit is only $3k and was wondering what I could do to possibly have it reconsidered to match my highest CL ($5K)

Any help would be greatly appreciated!

Grats man.

This one I'd like to know as well. Although my guess is no (and have you request a 61 day CLI) ; I wonder if anyone else has a success story under the same situation.

Re: AMEX BCE - Initial Credit Line Recon

dodfire — Mon, 01 Jul 2013 18:43:24 GMT

@Anonymous wrote:
@Bsong wrote:
Hi Guys,

Today I got approved for my very own AMEX BCE!
However, my credit limit is only $3k and was wondering what I could do to possibly have it reconsidered to match my highest CL ($5K)

Any help would be greatly appreciated!
just wait for 61days. This is probably going to be the easiest way out.
If you try to recon your CL right now, chances are they will ask you for your tax docs and possibly pull more inquiries. Too much trouble for what it's worth IMO.

Re: AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 19:34:07 GMT

Thanks for all the input so far.

With all due respect to the others that have replied, does anyone else have any input?

I really want to use them as my primary card but dont see myself using them since the limit is so low. I spend about $3k a month expenses and would be at 100% utilization just to use them. I know I can split up my expenses between two accounts, but my goal is to only have 1 primary card to help my score.

Re: AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 19:35:54 GMT

Do I really risk having them request for income docs just becuase I request for a higher initial limit? I dont mind doing that but that seems to be pretty extreme for a recon on intial CL.

Re: AMEX BCE - Initial Credit Line Recon

Anonymous — Mon, 01 Jul 2013 19:37:19 GMT

@Bsong wrote:
Thanks for all the input so far.
With all due respect to the others that have replied, does anyone else have any input?

I really want to use them as my primary card but dont see myself using them since the limit is so low. I spend about $3k a month expenses and would be at 100% utilization just to use them. I know I can split up my expenses between two accounts, but my goal is to only have 1 primary card to help my score.

you can use the full 3k a month.

Just pay by the due date, which is usually 3 days before statement cuts.

Payments usually take 1-2 days to process and post, so as long as you PIF by the due date, the statement should report a 0 balance.

Anyhow, utilization doesn't matter if you're not seeking new credit, provided you're not dragging high balances perpetually.

Re: AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 19:39:43 GMT

@Anonymous wrote:
@Bsong wrote:
Thanks for all the input so far.
With all due respect to the others that have replied, does anyone else have any input?

I really want to use them as my primary card but dont see myself using them since the limit is so low. I spend about $3k a month expenses and would be at 100% utilization just to use them. I know I can split up my expenses between two accounts, but my goal is to only have 1 primary card to help my score.

you can use the full 3k a month.
Just pay by the due date, which is usually 3 days before statement cuts.
Payments usually take 1-2 days to process and post, so as long as you PIF by the due date, the statement should report a 0 balance.

Anyhow, utilization doesn't matter if you're not seeking new credit, provided you're not dragging high balances perpetually.

Hello Enharu!

Thanks for your response... I guess thats what I'll have to do for now if i cannot recon my initial CL.

Re: AMEX BCE - Initial Credit Line Recon

09Lexie — Mon, 01 Jul 2013 19:49:07 GMT

I agree, wait the 61 days and if your usage is as high as you stated, the 3x CLI should be granted.

Re: AMEX BCE - Initial Credit Line Recon

scenery_guy — Mon, 01 Jul 2013 20:22:15 GMT

@09Lexie wrote:
I agree, wait the 61 days and if your usage is as high as you stated, the 3x CLI should be granted.

If you want a CLI from Amex show then some use. Nearly max for 2 cycles should net you a 9K card in 61 days.

Re: AMEX BCE - Initial Credit Line Recon

Anonymous — Mon, 01 Jul 2013 20:31:39 GMT

Is there a good or bad time to pay? Do you need to wait until the due date or can you pay at any point as long as the charges posted and are not simply pending?

Re: AMEX BCE - Initial Credit Line Recon

Anonymous — Mon, 01 Jul 2013 20:33:34 GMT

@Anonymous wrote:
Is there a good or bad time to pay? Do you need to wait until the due date or can you pay at any point as long as the charges posted and are not simply pending?

The only bad time to pay is when you're late. Other than that don't worry about it.

Lenders can see how much you're using and how much you're paying. Timing isn't really going to affect the overall picture much.

Re: AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 20:57:46 GMT

Thanks everyone for all the reply. I was on the line with EO but hung up and decided against it....

I will wait the 61 days. Im just happy I got my own amex.

Re: AMEX BCE - Initial Credit Line Recon

Petraeus — Mon, 01 Jul 2013 21:02:27 GMT

@Bsong wrote:
Thanks everyone for all the reply. I was on the line with EO but hung up and decided against it....

I will wait the 61 days. Im just happy I got my own amex.

Good choice. I have a 61 day 3x cli coming up in Aug. Im just giddy thinking about it!

Re: AMEX BCE - Initial Credit Line Recon

Bsong — Mon, 01 Jul 2013 21:04:07 GMT

@Petraeus wrote:
@Bsong wrote:
Thanks everyone for all the reply. I was on the line with EO but hung up and decided against it....

I will wait the 61 days. Im just happy I got my own amex.

Good choice. I have a 61 day 3x cli coming up in Aug. Im just giddy thinking about it!

Lol. I bet!... Are you counting the days from card activation or approval?

Re: AMEX BCE - Initial Credit Line Recon

Petraeus — Mon, 01 Jul 2013 21:06:24 GMT

@Bsong wrote:
@Petraeus wrote:
@Bsong wrote:
Thanks everyone for all the reply. I was on the line with EO but hung up and decided against it....

I will wait the 61 days. Im just happy I got my own amex.

Good choice. I have a 61 day 3x cli coming up in Aug. Im just giddy thinking about it!
Lol. I bet!... Are you counting the days from card activation or approval?

Honestly I didnt want to take any chances and called Amex for the date. They gave it gladly with a wink and smile!