topic Re: amex is generous in General Credit Topics

amex is generous

Anonymous — Tue, 26 Jun 2007 18:48:07 GMT

I applied for delta sky miles and got a credit limit of $1000.00 After making my first month's payment, I requested a credit limit increase of $1000,00 and they gave it to me so now my credit limit is $2000.00. I could not believe it was that easy. Did I not ask for enough? When you guys request CLI's, how much do you specify with AMEX?

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 18:50:47 GMT

I got declined for CLI because the letter says "my consumer reporting agency score is too low"

Oh well, I plan on CLI in December or so. Until then, I am making my payments on time.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 18:53:50 GMT

rifleman,

I am planning the same thing when I get mine...should be here soon so I would love to ask for say 5K.

I also applied back to back for the honors card...so not to get a 2nd pull on EX...they gave me a 7-14 days we will let you know(loser) leter. But other say that is normal..so I'm hoping it will be approved with at least a 5K limit.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 18:56:05 GMT

application status page on amex website tells you whether or not you were approved for the card or not.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 18:56:44 GMT

yeah go for it if you think you got a shot--my EQ and EX scores are hovering around 650 now, but TU seems to still be closer to 620, so I'm sure if your number are anything like mine you could get a few thousand.

Pretty soon I'll be able to afford Kool-Aid AND Ramen noddles in the same month!

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 19:00:45 GMT

Yeah...it say approved for the delta gold...in process on the honors card yet...LOL !!!

Hey, Ramen noddles...its a change from peanut butter and crakers..hehe!

Re: amex is generous

fused — Tue, 26 Jun 2007 19:23:44 GMT

rifleman wrote:
I applied for delta sky miles and got a credit limit of $1000.00 After making my first month's payment, I requested a credit limit increase of $1000,00 and they gave it to me so now my credit limit is $2000.00. I could not believe it was that easy. Did I not ask for enough? When you guys request CLI's, how much do you specify with AMEX?

Congats! I did my CLIs in the 3-5k range. But I have the scores and income to justify it. The nice thing about AMEX is they do not pull hard inqs when requesting a CLI. They ask your income and scan your payment history with them, thats it. They also do review your CRs monthly, I always see soft inqs by them on my reports, usually EQ. CLI makes us feel good, just be careful with the LUV button online.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 19:35:05 GMT

i read this thread and decided to see if my amex would give me a CLI since they don't do a hard inquiry when you request CLI. my previous limit was $16800 (i rarely use this card...just keep it for emergencies), and i asked for a $3200 to make the CL a nice round $20k. and here's the outcome:

Congratulations!
Your request to increase your line of credit to $20,000 has been approved and will be available for use within 15 minutes.

i have never been late with amex and i haven't had a balance on that card in a few months, so i guess they based the CLI approval on my good history with them (without having to pull a CR) and the income i entered. not bad!

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 19:37:17 GMT

WOW! very cool ..WTG!

Re: amex is generous

fused — Tue, 26 Jun 2007 19:41:23 GMT

annaz wrote:
i read this thread and decided to see if my amex would give me a CLI since they don't do a hard inquiry when you request CLI. my previous limit was $16800 (i rarely use this card...just keep it for emergencies), and i asked for a $3200 to make the CL a nice round $20k. and here's the outcome:

Congratulations!
Your request to increase your line of credit to $20,000 has been approved and will be available for use within 15 minutes.

i have never been late with amex and i haven't had a balance on that card in a few months, so i guess they based the CLI approval on my good history with them (without having to pull a CR) and the income i entered. not bad!

Excellent! It has been alleged time and time again that Amex, unlike a lot of other CCCs, hates revolvers. That is cardholders who revolve, not 38 specials.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 19:49:28 GMT

I get a chuckle out of hearing the CLI button referred to as the "LUV BUTTON" It feels good to get some lovin every once in awhile.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 19:51:06 GMT

They seem to give about twice the CL you currently have.

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 20:01:16 GMT

ok that's a good rule of thumb then--a few months from now i will try increasing my CL to $4000 if my credit scores continue to climb.

This Fico Scoring had me depressed for years but now that I've been taking control of it I am actually enjoying it alot--it's becoming like a hobby

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 20:03:21 GMT

rifleman...just make sure you have unload the gun before cleaning....hehe!

Re: amex is generous

fused — Tue, 26 Jun 2007 20:33:46 GMT

so_confused wrote:
rifleman...just make sure you have unload the gun before cleaning....hehe!

Yeah, always assume there is a round in the chamber!

Re: amex is generous

Anonymous — Tue, 26 Jun 2007 20:41:14 GMT

LOL

Re: amex is generous

Anonymous — Wed, 27 Jun 2007 02:07:03 GMT

rifleman wrote:
I applied for delta sky miles and got a credit limit of $1000.00 After making my first month's payment, I requested a credit limit increase of $1000,00 and they gave it to me so now my credit limit is $2000.00. I could not believe it was that easy. Did I not ask for enough? When you guys request CLI's, how much do you specify with AMEX?

I just received my AMEX Starwoods card on Saturday. My initial CL was $10,000. I requested a $5000 CLI at activation and got it, for a total CL of $15,000.

Re: amex is generous

Anonymous — Wed, 27 Jun 2007 02:09:16 GMT

annaz wrote:
i read this thread and decided to see if my amex would give me a CLI since they don't do a hard inquiry when you request CLI. my previous limit was $16800 (i rarely use this card...just keep it for emergencies), and i asked for a $3200 to make the CL a nice round $20k. and here's the outcome:

Congratulations!
Your request to increase your line of credit to $20,000 has been approved and will be available for use within 15 minutes.

i have never been late with amex and i haven't had a balance on that card in a few months, so i guess they based the CLI approval on my good history with them (without having to pull a CR) and the income i entered. not bad!

Way to GO!!!