So I’ve been toying with applying for the Amex Cash Magnent for the past few days since I came up on the prequel site as approved. I finally pulled the trigger and got approved for a 4K SL. I was actually hoping for a little more on this card.
Has as anyone else done or heard of calling them immediately and asking for a higher limit from the start?
Based on what I know of Amex and other experiences I’ve seen, the chances are slim to none of AMEX reconning a SL. Best bet is to wait out the 61 days and ask for the 3x CLI which from the sounds of what you’re saying you should have a good shot at if all is well. Other can chime in if there are any who have been successful. You can also ask for a CLI early and as long as you’re not denied for credit worthiness and only because the account is new you’re still eligible for the 61 day CLI
Congrats on approval!
Congrats on approval!
Well I just decided to take a risk and call them. The lady I spoke did say it could be done based on my credit, but I had to have the card in hand first and I should call them back once I activate it.
im planning on putting a new lawn mower on this to take advantage of the 15 months no interest. But considering if I do that right now I would max it pretty much from the beginning which would likely kill my scores and the progress I’ve made the past few months.
It’s understandable... definitely let us know how it turns out! What are your DP’s on the card?
Nice!
Which number did you use ?
Does anyone know the best number for Amex SL recon?
Starting Score: Fico 8: EQ 721 TU 742 EX 736
@Gratitude wrote:Nice!
Which number did you use ?
Does anyone know the best number for Amex SL recon?
Solved!
I called the app recon number from the backdoor numbers list@ - thanks to @Scamp:
AmEx: 800-567-1083 (App Status - Use with caution if attempting a denied app recon; have been advised by one member that they can only resubmit app with another hard pull)
@Anonymous wrote:
Dynamic. I was told the same thing by a guy when I called after approval. They said it can be done and that I need to call them once I received the card. Both of mines started at $1k, I'm hoping they both move to $3k each as I have a trip coming and don't dare to hit 50% UTI on both cards lol.
Update: I called their Exec Office number today and presented my situation / request - I was transferred to a department that could address my concern (forgive me, I do not recall the department name), ands was told that there is nothing they could do at this time to reconsider my SL request... but that in December, I could make said request.
It is left to be seen if this policy can be overturned at this time by any person/department.. I am however content to wait till December for the CLI via SP
What I don't know and would like to find out before then is: (1) what is a safe number to ask for; and (2) if they give counters offers or straight denials if the CL amount is too high.
@Gratitude wrote:
@Anonymous wrote:
Dynamic. I was told the same thing by a guy when I called after approval. They said it can be done and that I need to call them once I received the card. Both of mines started at $1k, I'm hoping they both move to $3k each as I have a trip coming and don't dare to hit 50% UTI on both cards lol.Update: I called their Exec Office number today and presented my situation / request - I was transferred to a department that could address my concern (forgive me, I do not recall the department name), ands was told that there is nothing they could do at this time to reconsider my SL request... but that in December, I could make said request.
It is left to be seen if this policy can be overturned at this time by any person/department.. I am however content to wait till December for the CLI via SP
What I don't know and would like to find out before then is: (1) what is a safe number to ask for; and (2) if they give counters offers or straight denials if the CL amount is too high.
Check out the famous Amex 3x CLI post on here, but a safe number to ask for after 61 days would be $12K and from what I understand Amex does counter. I just went from $4K to $12K on my Amex ED card after requesting online.
Good luck!
Just an update from me. I decided not to risk asking for anything else at the moment. I'm just going to wait the 61 days and try for the 3x CLI on this one.
I did transfer 2K over to the card, so the initial utilization when it reports will be higher than I would like, but its only temporary and the 3X will get me a better limit than a risk of a denial on increasing the SL and messing that up as some others have reported. At least that is my thinking at the moment.