topic Will Amex lower my CL? in Credit Cards

Will Amex lower my CL?

Anonymous — Sat, 25 Oct 2014 18:18:05 GMT

So my Amex is just over a month old and I have run though about $2,000 on it. My limit at approval was $9,400. I am going to go for 25k at CLI - 61 days. Not sure what I will get but will cap at 25k.

My question is that I am not planning on using it too much going forward...maybe a couple hundred a month...maybe. Do you think Amex would lower my CL for not using anywhere near 25k, assuming they approve that for the CLI. Could I drop below that original approval of $9.4k? I am not going to do anything to spook them nor will I app for anything in the future.

Thoughts?

Re: Will Amex lower my CL?

Kenny — Sun, 26 Oct 2014 18:04:44 GMT

No. I mean they always CAN, but I haven't heard too much of them doing it unless you get a FR or something like that.
I have hardly used my amex cards in the past year and the CLs haven't moved down at all.

Re: Will Amex lower my CL?

noobody — Sun, 26 Oct 2014 16:36:09 GMT

I would not do a cli to 25K just for the lower utility purpose, it might hurt your chance to get your next card(s). I asked CLD my seldom used BCE from 20k to 2k just for that reason.

Re: Will Amex lower my CL?

Kenny — Sun, 26 Oct 2014 17:29:53 GMT

@noobody wrote:
I would not do a cli to 25K just for the lower utility purpose, it might hurt your chance to get your next card(s). I asked CLD my seldom used BCE from 20k to 2k just for that reason.

Well sure.. but if you did ever want another Amex it's quite simple to just say that you wanted to transfer your limit over if need be.

Re: Will Amex lower my CL?

Luscher — Sun, 26 Oct 2014 17:39:00 GMT

I would never voluntarily CLD myself from 20k to 2k, thats crazy

Re: Will Amex lower my CL?

s_haliz — Sun, 26 Oct 2014 17:47:16 GMT

@Luscher wrote:
I would never voluntarily CLD myself from 20k to 2k, thats crazy

Agreed. Higher CL will always help and won't hurt.

Re: Will Amex lower my CL?

Brax — Sun, 26 Oct 2014 18:29:00 GMT

I don't see Amex lowering CLs en masse until the next credit crunch or severe reccession happens.

So, may as well have a 25K limit while the economy is "good".

Re: Will Amex lower my CL?

Anonymous — Mon, 27 Oct 2014 04:33:24 GMT

@Luscher wrote:
I would never voluntarily CLD myself from 20k to 2k, thats crazy

What if you had a compulsive shopping problem you couldn't shake...

Re: Will Amex lower my CL?

Anonymous — Mon, 27 Oct 2014 18:08:08 GMT

@Anonymous wrote:
@Luscher wrote:
I would never voluntarily CLD myself from 20k to 2k, thats crazy
What if you had a compulsive shopping problem you couldn't shake...

Well there is always that....

Re: Will Amex lower my CL?

Anonymous — Mon, 27 Oct 2014 20:01:40 GMT

@Anonymous wrote:
@Anonymous wrote:
@Luscher wrote:
I would never voluntarily CLD myself from 20k to 2k, thats crazy
What if you had a compulsive shopping problem you couldn't shake...

Well there is always that....

Or the occasional mental breakdown. Wheeeeeeeeeeeeeee!