AMEX - Which card should I request the CLI for?

[sdsoccerdad]

I am not sure which card to request a CLI on.  I have the following:

Hilton Biz 10K limit that I acquired 6/11/18.

Starwood SPG acquired 12/4/17 that started off with 1K limit and was increased to 3k on 3/8 but it's now at 5K (as is my Hilton Ascend which was picked up 10/17).

Can I request the 3X cli on the Hilton biz and hope to get a good sizeable increase before moving limits around or should I just request on the SPG card?

Thanks in advance

[xaximus]

I would recommend going with the Hilton Biz since you have a good limit there already.

[sdsoccerdad]

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@xaximus wrote:
I would recommend going with the Hilton Biz since you have a good limit there already.

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When should I be able to do that?

[simplynoir]

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@sdsoccerdad wrote:

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@xaximus wrote:
I would recommend going with the Hilton Biz since you have a good limit there already.

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When should I be able to do that?

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You can request a CLI on the Hilton Biz right now if you like. Just a word of warning. AMEX with credit limit reallocation does NOT allow limits to be transferred over from business to personal. They allow personal limits to be transferred to business cards but not vice versa.

From there it just becomes a matter of which card means more to get an increase on: up to possibly $30k on the Hilton Biz, or up to $15k on the SPG/Hilton card whichever you pick. Again, in the former scenario that limit is stuck there you can't move it around best you can do is decrease it; latter situation you can distribute the CLI among your two personal cards to your liking and/or move a portion of your personal limits to your business but you can't transfer it back.

[imaximous]

As long as your business profile can support a 30k CL, I'd go with that too. I'm not sure what type of business you're in, but if you only do some side work and the bulk of your income is from other employment (like me), you may or may not qualify for that type of business CL. On the personal side, things could be different.
The 61 day "rule" applies to business cards too, so you should be good to go, but it's not guaranteed. Good thing, it's only a SP.

[sdsoccerdad]

If I decide to go with the Biz CLI request and am denied, will I still be able to make a request for the SPG next week?

[simplynoir]

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@sdsoccerdad wrote:

If I decide to go with the Biz CLI request and am denied, will I still be able to make a request for the SPG next week?

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Nope. AMEX CLI requests take your accounts as a whole for consideration. If they deny your CLI request on the biz just means they weren't gonna give you one at all at this time for all your accounts. You'd have to wait 91 days before requesting again.

[sdsoccerdad]

For the business, it's a small one.  I sell shirts/hats/stickers.  Relatively new business so I only put about 4-5K on the card a month since I've had it.  Always PIF weekly.  Based on your comments about not being able to move biz to personal credit line, which would you recommend?

[simplynoir]

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@sdsoccerdad wrote:

For the business, it's a small one.  I sell shirts/hats/stickers.  Relatively new business so I only put about 4-5K on the card a month since I've had it.  Always PIF weekly.  Based on your comments about not being able to move biz to personal credit line, which would you recommend?

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Credit limits on business cards are almost a non-worry as far as credit scoring is concerned since they don't report to the CRAs. It sounds like your current 10k limit is sufficent for your uses even if you didn't pay it off weekly so I don't see a particular need to have that increased unless you see your inventory costs going up considerably in the next six months. I'd put it on your personal SPG if it were me if that's the case but that's totally up to you.

[sdsoccerdad]

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@simplynoir wrote:

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@sdsoccerdad wrote:

For the business, it's a small one.  I sell shirts/hats/stickers.  Relatively new business so I only put about 4-5K on the card a month since I've had it.  Always PIF weekly.  Based on your comments about not being able to move biz to personal credit line, which would you recommend?

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Credit limits on business cards are almost a non-worry as far as credit scoring is concerned since they don't report to the CRAs. It sounds like your current 10k limit is sufficent for your uses even if you didn't pay it off weekly so I don't see a particular need to have that increased unless you see your inventory costs going up considerably in the next six months. I'd put it on your personal SPG if it were me if that's the case but that's totally up to you.

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I appreciate the advise.  I will shoot for the SPG increase.  For business credit, I think I should be fine since I have the Hilton Biz and Marriott Biz cards.

Thank you for the advice!