Can someone help me with this Amex question?

newdaddy113 · ‎07-11-2015

I got my delta card with Amex in 2014 with a starting limit of 18.4k. I have never asked for an increase on the card. Everyone says the increase request will be an sp on my credit. My question is that will Amex sp me when I request the increase? or do I have to wait for a quarterly sp from Amex before I request the increase? I don't want an HP on my credit at this point. I want to request 24.5k. Please assist. Thanks my credit score is around the 700 range. Thanks.

Amex Green Card (NPSL) 03/13 - BOA ($7200) 03/13 - WELLS FARGO ($500) 03/13 - DISCOVER IT ($5800) 12/13 Amex delta gold ($18,400) 1/1/14. Amex Gold Business Card (NPSL) 1/2/14. Chase Freedom($7900) 1/9/14 NavyFederal ($25000) 1/16/14 Best Buy ($1000) 8/4/14 Barclays Arrival Plus($12500) 1/29/16 Chase CSP($20000) 1/29/16 Penfed Platinum Rewards ($16000) 1/29/16 NavyFed goRewards ($5000) 1/29/16.
Credit Score EX- 760 EQ- 735 TU- 763 Oldest account 3.2yrs aaoa 2.2 yrs.

OmarGB9 · ‎07-11-2015

Amex won't SP you the moment you request a CLI. They'll use their most recent SP they have of you in order to see if you qualify. You can request increases every 181 days. And your request should be fine. I'd even say to just go for the nice round $25k, as that is the "magic number" everyone always says is the point where Amex will increase your credit to without income verification.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

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Current FICO 8 scores:

newdaddy113 · ‎07-11-2015

Thanks for the response. Do you know the frequency of their SP?

Amex Green Card (NPSL) 03/13 - BOA ($7200) 03/13 - WELLS FARGO ($500) 03/13 - DISCOVER IT ($5800) 12/13 Amex delta gold ($18,400) 1/1/14. Amex Gold Business Card (NPSL) 1/2/14. Chase Freedom($7900) 1/9/14 NavyFederal ($25000) 1/16/14 Best Buy ($1000) 8/4/14 Barclays Arrival Plus($12500) 1/29/16 Chase CSP($20000) 1/29/16 Penfed Platinum Rewards ($16000) 1/29/16 NavyFed goRewards ($5000) 1/29/16.
Credit Score EX- 760 EQ- 735 TU- 763 Oldest account 3.2yrs aaoa 2.2 yrs.

Santi78342 · ‎07-11-2015

@OmarGB9 wrote:
Amex won't SP you the moment you request a CLI. They'll use their most recent SP they have of you in order to see if you qualify. You can request increases every 181 days. And your request should be fine. I'd even say to just go for the nice round $25k, as that is the "magic number" everyone always says is the point where Amex will increase your credit to without income verification.

+1

They will use the most recent SP they have on file.

I also agree on the nice round $25k..Heck, go for the full 3x if you don't mind going through the verification process!

newdaddy113 · ‎07-11-2015

I just went through an FR with them last week. Which I passed with flying colors. They wanted my tax info for 2014. I charged about 20k on my Amex green in a month which I have paid off. Do you think I should go for the 3x?

Amex Green Card (NPSL) 03/13 - BOA ($7200) 03/13 - WELLS FARGO ($500) 03/13 - DISCOVER IT ($5800) 12/13 Amex delta gold ($18,400) 1/1/14. Amex Gold Business Card (NPSL) 1/2/14. Chase Freedom($7900) 1/9/14 NavyFederal ($25000) 1/16/14 Best Buy ($1000) 8/4/14 Barclays Arrival Plus($12500) 1/29/16 Chase CSP($20000) 1/29/16 Penfed Platinum Rewards ($16000) 1/29/16 NavyFed goRewards ($5000) 1/29/16.
Credit Score EX- 760 EQ- 735 TU- 763 Oldest account 3.2yrs aaoa 2.2 yrs.

OmarGB9 · ‎07-11-2015

Not too sure on the frequency of their SPs. A more experienced member is going to have to chime in with that answer.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

Anonymous · ‎07-11-2015

@newdaddy113 wrote:
I just went through an FR with them last week. Which I passed with flying colors. They wanted my tax info for 2014. I charged about 20k on my Amex green in a month which I have paid off. Do you think I should go for the 3x?

If you've already went through their FR recently and passed with flying colors, I would absolutely go for the 3x CLI now. Don't worry about going over 25k cause you've already been reviewed. Go for the whole 3x.

Anonymous · ‎07-13-2015

OP definitely go for 3x or a round number like 50K. You went through the FR so the worst that can happen is a counter-offer that should still be higher than 24.5K.

P.S. I got 30K without a FR so the 25K is a YMMV situation - as discussed on other posts.

Best of luck to you and keep us posted!

ojefferyo · ‎07-13-2015

@newdaddy113 wrote:
Thanks for the response. Do you know the frequency of their SP?

Noone really knows when they do them, pretty random. Some people get them monthly some every few months. If they have any doubts they will SP to check up on you other than that they leave you alone.

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