topic Re: So apparently 3X is Amex's limit on CLI in Credit Cards

So apparently 3X is Amex's limit on CLI

HiLine — Sun, 11 Aug 2013 00:44:35 GMT

I called in yesterday to request a 4X CLI. The credit analyst reassured me that the bank policy would not allow anything more than a 200% increase in credit limit at a time. I've put all my spending on the Amex credit card for the past 2-3 months, and I tried to explain to her that my request was reasonable since my starting limit was relatively low, and I already had another credit card that has the requested credit limit. That led to nowhere and I had to be content with a 3X.

Sounds like my personal experience is pretty consistent with others. I guess Amex won't give anyone more than a 3X if that's their policy.

Re: So apparently 3X is Amex's limit on CLI

LS2982 — Sun, 11 Aug 2013 00:49:59 GMT

@HiLine wrote:
I called in yesterday to request a 4X CLI. The credit analyst reassured me that the bank policy would not allow anything more than a 200% increase in credit limit at a time. I've put all my spending on the Amex credit card for the past 2-3 months, and I tried to explain to her that my request was reasonable since my starting limit was relatively low, and I already had another credit card that has the requested credit limit. That led to nowhere and I had to be content with a 3X.

Sounds like my personal experience is pretty consistent with others. I guess Amex won't give anyone more than a 3X if that's their policy.

You can try the EO. Good luck!

Re: So apparently 3X is Amex's limit on CLI

negg — Sun, 11 Aug 2013 00:52:01 GMT

So you requested 4X your CLI and your mad you didn't get it ??? Smh.

Re: So apparently 3X is Amex's limit on CLI

Open123 — Sun, 11 Aug 2013 00:53:26 GMT

@negg wrote:
So you requested 4X your CLI and your mad you didn't get it ??? Smh.

I don't think he's "mad," but just reporting the results of the request, sort of like in a clincial trial.

Re: So apparently 3X is Amex's limit on CLI

negg — Sun, 11 Aug 2013 00:54:55 GMT

Ok. I know Amex has the 3X put never heard of anyone getting 4X CLI on the 60th day.

Re: So apparently 3X is Amex's limit on CLI

score_building — Sun, 11 Aug 2013 01:37:07 GMT

Gratz! With one of the most generous lenders for increases, doesn't make sense to push it, unless are ok with possibly increasing odds of F/R. In any case, it's a guideline, it is possible to get more with the right profile and docs. IMHO for the less than exceptional instance, wouldn't be worth the complication, since the CL can grow nicely over time.

Re: So apparently 3X is Amex's limit on CLI

Anonymous — Sun, 11 Aug 2013 00:57:25 GMT

@Open123 wrote:
@negg wrote:
So you requested 4X your CLI and your mad you didn't get it ??? Smh.
I don't think he's "mad," but just reporting the results of the request, sort of like in a clincial trial.

+1.

Basically he's just proving one can only request 3X, nothing more, with Amex. Other lenders, such as Citi, BofA, Chase, can issue more than 3X CLI if the customer deserves one. That being said, 3X increase in CLI is more than sufficient for most people.

Re: So apparently 3X is Amex's limit on CLI

djc1puno — Sun, 11 Aug 2013 01:23:13 GMT

Thanks for the info!

Re: So apparently 3X is Amex's limit on CLI

JonStur — Sun, 11 Aug 2013 02:02:23 GMT

It was worth a shot, nothing ventured nothing gained....

Re: So apparently 3X is Amex's limit on CLI

scenery_guy — Sun, 11 Aug 2013 02:29:14 GMT

You should have asked for 3.14159 X just to confuse them.

Re: So apparently 3X is Amex's limit on CLI

djc1puno — Sun, 11 Aug 2013 02:30:35 GMT

Pi! lol

Re: So apparently 3X is Amex's limit on CLI

chrisw1968uk — Sun, 11 Aug 2013 02:32:43 GMT

or really confuse them and ask for 3.1415927 and ask them if they want some pie

Re: So apparently 3X is Amex's limit on CLI

chrisw1968uk — Sun, 11 Aug 2013 02:33:22 GMT

lol ditto

Re: So apparently 3X is Amex's limit on CLI

HiLine — Sun, 11 Aug 2013 17:11:17 GMT

Open123 & enharu: Exactly! I knew the 3X CLI was a guidance, but I don't recall anybody saying there was an official limit on CLI, nor anybody saying they got more than a 3X, so I decided to test it out. I thought it'd be helpful to know Amex's policy regarding this.

negg: that was my 2nd 3X with them.

score_building: Thanks!

djc1puno: yep!

Jon Stur: figured I'd have nothing to lose anyway

scenery_guy: I suspect I'd have to tell them the exact CL I want. Next time I'll request a CLI to a random number just to confuse them lol

chrisw1968uk: my next CLI eligible date will be close to pi day actually. May double dip on the pie joke next year

LS2982: Amex EO ... interesting idea. Anybody got more success out of this approach than from the traditional approach?

Re: So apparently 3X is Amex's limit on CLI

gen-specific — Sun, 11 Aug 2013 19:22:33 GMT

yeah, others can do higher

I asked for a 6x increase on my chase sapphire preferred and got a 4.5x increase

it had nothing to do with the multiple, the underwriter didn't know I already had a credit card in the range of the 6x increase, and only gave me the 4.5x increase because other credit cards were reporting in that $ amount range

had nothing to do with the multiple.