Amex CLI question

Anonymous · ‎12-26-2014

Would Amex typically deny a credit limit increase solely because I have a little over 60% utilization on one card, but an overall utilization under 30%? Thoughts?

Anonymous · ‎12-26-2014

@Anonymous wrote:
Would Amex typically deny a credit limit increase solely because I have a little over 60% utilization on one card, but an overall utilization under 30%? Thoughts?

I don't think anyone can say for sure but I definitely would suggest gettting the utilization down on that card first.

NRB525 · ‎12-26-2014

@Anonymous wrote:
Would Amex typically deny a credit limit increase solely because I have a little over 60% utilization on one card, but an overall utilization under 30%? Thoughts?

How much is your current AMEX limit? How long have you had it? Are you paying the statement balance each month or paying less than full, more than the minimum?

Which other cards do you have?

If you are 60% on a $1k AMEX, no worries. 60% on a $10k and you PIF by the due date, no worries. 60% on $20k and making only the minimum payment, perhaps a challenge. See a trend here?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

upnorth · ‎12-28-2014

I think Amex looks at income/debt and assett/liabilities more closely than other lenders. So if PIF, then it does not matter.

UNFCU Visa Azure $45k, Sams Master Card $35k, Amex Costco $25k, Fidelity Visa $25k, Chase Freedom $18k, Cap 1 Mastercard $12.5k, Kohls $1.5k, Cancelled on my own BA $25 (it was Schwab card earlier) and Chase Saffire $22k. Also have 2 business cards with Chase and 1 Amex Open. AU Target $2500.
Scores: 11/14 EX 801; 11/14 TU FICO 805; 11/14 Van 823

Anonymous · ‎12-28-2014

It also depends when was the last CLI you did with Amex. They usually allow CLI every 6 months. If you had the card for longer and never tried a CLI, take the leap and do it!