topic Re: Optimal Utilization for Amex 3X CLI in Credit Cards

Optimal Utilization for Amex 3X CLI

yomellamoFICO2013 — Mon, 22 Jul 2013 14:23:11 GMT

I am planning on applying for a 3X CLI on my Delta and Costco Amex cards by the end of next month.

What would be an optimal util % to improve my chances of getting it ?. Current util is 55%. I have been heavily using my Costco for groceries and only used my Delta once for a plane ticket.

Should I get my util down to 20-30% ? Current TL are $1000.00 (Costco) and $1200.00 (Amex).

Thank you for feedback.

Re: Optimal Utilization for Amex 3X CLI

bman86 — Mon, 22 Jul 2013 14:30:44 GMT

yomellamoFICO2013 wrote:

I am planning on applying for a 3X CLI on my Delta and Costco Amex cards by the end of next month.

What would be an optimal util % to improve my chances of getting it ?. Current util is 55%. I have been heavily using my Costco for groceries and only used my Delta once for a plane ticket.

Should I get my util down to 20-30% ? Current TL are $1000.00 (Costco) and $1200.00 (Amex).

Thank you for feedback.

I would definitely read through this thread The Definitive Amex 3X CLI Guide

IMO I would make sure your Amex cards are paid in full before you request the CLI.

Re: Optimal Utilization for Amex 3X CLI

manwoot — Mon, 22 Jul 2013 14:37:44 GMT

Keep in mind you can only request a CLI on ONE of your cards, not both.

Re: Optimal Utilization for Amex 3X CLI

Creditaddict — Mon, 22 Jul 2013 15:04:45 GMT

@yomellamoFICO2013 wrote:
I am planning on applying for a 3X CLI on my Delta and Costco Amex cards by the end of next month.
What would be an optimal util % to improve my chances of getting it ?. Current util is 55%. I have been heavily using my Costco for groceries and only used my Delta once for a plane ticket.
Should I get my util down to 20-30% ? Current TL are $1000.00 (Costco) and $1200.00 (Amex).

Thank you for feedback.

If you use the Costco all the time I would pick that one to do your request and I would get the balance under $300. Then you will have to wait 6 months for your next CLI on either account.

Re: Optimal Utilization for Amex 3X CLI

ibmrad7 — Mon, 22 Jul 2013 15:45:54 GMT

There isn't "One size fits all" approach for 3X CLIs but lower the utilization, higher are your chances.

In my case I had a 900$ balance on a 4500 initial CL. My overall util across all cards was around 80%.

Re: Optimal Utilization for Amex 3X CLI

chnceit — Mon, 22 Jul 2013 15:56:14 GMT

Also keep in mind AMEX SPs a lot to see how you are handling all of your cards not only your AMEX cards.