Amex Credit Line Increase (w/Balance above Limit)

[Ahava18]

Hi,

I'd like to try to do a CLI on a Blue Business card. However the card balance is over currently the card's limit.

Does anyone have any DP if this has any impact on the approval odds?

Thanks in advance. 

[coldworld]

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@Ahava18 wrote:

Hi,

I'd like to try to do a CLI on a Blue Business card. However the card balance is over currently the card's limit.

Does anyone have any DP if this has any impact on the approval odds?

Thanks in advance. 

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It sounds like your priorities are messed up. Get below your current limit, before asking the bank for more money. 

[CreditCuriosity]

I would assume your chances would be near zero.  Keep in mind anything above CL must be payed back plus your min payment at least as well.

[Shooting-For-800]

Amex is not the one to ask for that IMO.

I would not ask before paying it off completely.

[SouthJamaica]

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@Ahava18 wrote:

Hi,

I'd like to try to do a CLI on a Blue Business card. However the card balance is over currently the card's limit.

Does anyone have any DP if this has any impact on the approval odds?

Thanks in advance. 

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I agree with what others have said. Do not request a CLI until you are well under your current credit limit.

[MrSmooth]

It would be a waste of a hard pull. 

[IntegerIntrovert]

They are probably going to balance chase this card.

[NoMoreE46]

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@MrSmooth wrote:

It would be a waste of a hard pull. 

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FYI, 
For the most part,  customer requested CLI for Amex are SP. 

OP: I would get that balance under 30 %  of your CL before requesting.

[MikeyMagic]

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@IntegerIntrovert wrote:

They are probably going to balance chase this card.

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What does balance chase this card mean?

[Zoostation1]

@MikeyMagicBalance chasing is lowering the credit limit as you pay down the balance.  This is a real risk when you have a high balance relative to your credit limit, particularly when it stays high for an extended period of time. If you have a dirty or young credit profile the risk is higher and may take a shorter time period of high balances before (AA) adverse action is taken. Once a lender starts balance chasing you it can create a negative feedback loop where as you pay down your debt further your credit limit is lowered each time and thus your utilization percentage stays high until the account is paid off.  The lowered limits and persistent high utilization can also lead to adverse action from other lenders you have creidt cards with as well. This isn't to say it's never ok to take advantage of a balance transfer offer (BT's that are paid off very slowly can be a red flag to lenders ieven if you have the means to pay it in full ) or that a month or two of high balances carried over is going to lead to AA.  Just try to avoid situations where you can't pay in full each month whenever possible.